Global Multimode-Fiber Cable Market

The multimode fiber optic cable market consists of sales of multimode fiber cables and related services that are used in various industries such as telecom, broadcasting, military/aerospace, healthcare, and power. The multimode fiber cable is an optical fiber cable, which is designed to carry multiple light rays simultaneously with a slightly different reflection angle. Multimode fiber cable can be used for short distances as the modes disperse over longer lengths.

Communication And Energy Wire And Cable Market Characteristics

The fiber optic connectors market consists of sales of fiber optic connectors by entities (organizations, sole traders, and partnerships), which are high-speed connectors used for public telecommunication networks and wiring installations. A fiber optic connector is a flexible device that can connect and disconnect fiber optic cable quickly. Only goods and services traded between entities or sold to end consumers are included. The main products of fiber optic connectors are SC (standard connectors), LC (lucent connectors), FC (ferrule connector), ST (straight tip), MTP/MPO (multiple-fiber push-on/pull-off), MXC connector and others. ST connectors are optical fibre connectors that terminate the end of an optical fibre cable and allow for faster connection and disconnection. The various cables used are simplex, duplex, multi-fiber for telecommunication, inter/intra building, community antenna television, datacenter, high-density interconnection, security systems and other applications. The global fiber optic connector market size is expected to grow from $4.53 billion in 2021 to $4.88 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The change in the fiber optic connectors market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $6.38 billion in 2026 at a CAGR of 7.0%. The number of people using smart devices and smartphones and commercialization of 4G LTE and 5G network platforms is rapidly increasing, which will drive the growth of the global fiber optic connectors market. For instance, in January 2020, the numbers of smartphone users in the world were 3.50 billion, accounting for 45.12% of the world’s population. According to the Global Mobile Suppliers Association (GSA), 5G subscriptions were 17.73 million by the end of 2019, and 4G base were at 5.27 billion. Smart devices are the everyday gadgets, which are made intelligent with advanced computing, including AI and machine learning, and networked to form the internet of things (IoT) that require the internet. The increased use of smart devices and commercialization of 4G LTE and 5G network platforms increased the demand for the fiber optic connectors market. The high installation costs of fiber optic connectors have always been a major challenge in the fiber optic connectors market. The factors impacting fiber-optic internet installation prices are sufficient to power, service provider companies, telecommunication closets space. For instance, the installation cost of fiber optic cable installation would be $15,000 to $30,000 for a house with 100 to 200 drops. The high costs for the installation of fiber optic connectors are limiting the growth of the fiber optic connectors market. The innovation of 180-micron fiber cable is shaping the fiber optic connectors market. In April 2020, Prysmian Group announced the world’s first 180µm fiber cable for FTTx and 5G networks. Prysmian combines the two technologies to start its sirocco extreme microduct cable with 288 fibers in a diameter of 6.5mm, providing diameter and fiber density for a blown microduct cable of 288 fibers. With a fiber thickness of 8.7 fibers per mm2, it is possible to install the cable into an 8mm ID duct where before it was only possible to install up to 192 fibers. This makes it feasible to install more fibers into full duct space and allows the use of smaller ducts for new installations, rising in cheaper installation costs and the use of less raw materials. In December 2021, Samtec., a US-based electronic interconnect company acquired Ultra Communications, Inc. for an undisclosed amount. The acquisition will strengthen and expand Samtec’s fibre optic product offering for mil/aero and harsh environment application. Ultra Communications, Inc. is a US-based manufacturer of high-speed digital and RF fiber optic components. Major players in the fiber optic connectors market are 3M, Corning Cable Systems LLC, Hitachi Ltd., ZTE Corporation, Amphenol Corporation, Alcatel-Lucent S.A., Broadcom Limited, Hirose Electric Co. Ltd, Furukawa Electric Co. Ltd, Sumitomo Electric Industries, Diamond SA, TE Connectivity Ltd., Sterlite Optical Technologies, Extron Electronics, Optical Cable Corporation and Ratioplast-Optoelectronics GmbH. The Asia Pacific was the largest region in the fiber optic connectors market in 2021. The regions covered in the fiber optic connectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fiber optic connectors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global fiber optic connectors market is segmented - 1) By Product: SC (Standard Connectors), LC (Lucent Connectors), FC (Ferrule Connector), ST (Straight Tip), MTP/MPO (Multiple-Fiber Push-On/Pull-Off), MXC Connector, Others 2) By Cable: Simplex, Duplex, Multi-Fiber 3) By Application: Telecommunication, Inter/Intra Building, Community Antenna Television, Datacenter, High Density Interconnection, Security Systems, Others

The insulated cables market consists of sales of insulated cables and related services that are used in various applications such as electrical equipment, construction, telecommunications, and motor vehicles. The insulated cable is a cable that is resistant to electric current as it consists of non-conductive material. Insulated cables are used in lights, fans, computers, television, and telephone. The main types in the insulated cables market are copper, aluminum, fiber optic, others. The copper in the insulated cables market refers to the wires that are insulated with copper. The various voltages are low voltage, medium voltage, high voltage. These are used in electrical equipment, construction, telecommunications, motor vehicles, and industrial machinery. The global insulated cables market size is expected to decline from $94.96 billion in 2021 to $89.40 billion in 2022 at a compound annual growth rate (CAGR) of -5.9%. The decline is mainly due to the companies facing production and supply chain issues during the COVID-19 pandemic in 2021. The insulated cable market is expected to decline to $50.25 billion in 2026 at a CAGR of -13.4%. Increased use of insulated cables and wires in the automotive sector will enhance the growth of the insulated cables market. Insulated wires are used to handle unique stress during the manufacturing process in the automotive industry and are also used to connect car batteries with other components. The heavy demand for insulated wires in the automotive industry is supported by the wide range of insulting wires offered by the manufacturers in the insulated cables market. According to the European Automobile Manufacturers Association (ACEA), as of 2019, there were a total of 98.1 million units of motor vehicles along with 79.3 million units of passenger cars produced in the world. Therefore, the increasing use of insulated cables and wires in the automotive sector is driving the market. Poor heat resistance is expected to limit the growth of the insulated cables market. The insulated cables are less resistant to high temperatures causing the wear and tear of the coated material outside the wire. The insulation material declines over some time increasing the risk of short circuits. For instance, the cross-linked polyethylene (XLPE) wires can operate at a temperature of 105 degrees for a limited time without reducing the service life of the cable however the wire when exposed to a temperature exceeding 200 degrees Celsius, will result in a short circuit. XLPE wires are made up of cross-linked polyethylene and insulated with an aluminum conductor. Therefore, the poor heat resistance in insulated cables limits the growth of the insulated cables market. The latest trend in the insulated cables market is the development of efficient, reliable, and eco-friendly cables used for power transmission. The new cables are produced to provide power transmission across long distances coupled with high thermal performance and high reliability. The new eco-friendly cables that reduce carbon emission, represent the next generation solutions for land cable systems. Following the trend, in 2019, Prysmian Group, an Italy-based manufacturer of electric power transmission and telecommunications cables, completed its testing for two new 525 kV land cable systems that use a zero-gas process that reduces carbon emission by around 30%. The two cable systems use P-Laser and XLPE insulations. P-Laser is an eco-friendly insulated Extra High-Voltage (EHV) cable that can operate in harsh environments with increased operating temperatures of 20% whereas the XLPE insulated cable system uses a new insulation compound specific for high voltage power transmission. Major players in the insulated cables market are Southwire, General Cable, 3M, ABL Electronic Supplies, Inc, AFC Cable Systems, Amphenol Corp, Asia Pacific Wire, and Cable Corporation Limited, Belden Inc, Cable USA, and LS Corporation Asia Pacific is the largest region in the insulated cables market in 2021. North America is the second-largest region in the insulated cables market. The regions covered in the insulated cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the insulated cables market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The global insulated cables market is segmented - 1) By Type: Copper, Aluminum, Fiber Optic, Others 2) By Voltage: Low Voltage, Medium Voltage, High Voltage 3) By Application: Electrical Equipment, Construction, Telecommunications, Motor Vehicles, Industrial Machinery

The shipboard cables market consists of sales of shipboard cables and related services. Shipboard cables are used for electrical installations in ships and offshore platforms for the transfer of electric power to electric panels for lighting, control circuits, the transmission of vital instrumentation signals. They are fire-resistant, flame retardant, low smoke & halogen-free cables. The main types of shipboard cables are fiber-optic cables, electric cables. A fiber-optic cable, also known as an optical fiber cable, is a cable that looks like an electrical wire but contains one or more optical fibers for light transmission. The various voltages involved are medium voltage cable, low voltage cable. The different applications include marine and offshore, oil & gas and petrochemical, others. The global shipboard cables market size is expected to grow from $5.63 billion in 2021 to $6.26 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The shipboard cable market is expected to reach $8.36 billion in 2026 at a CAGR of 7.5%. The increase and the expansion of offshore oil & gas plants are driving the shipboard cables market. The expansion of offshore oil & gas plants includes electrification of offshore oil and gas platforms which involves the use of efficient shipboard cables to connect oil platforms to mainland power grids. For instance, in 2019, LS Cable & System, a Korea-based cable manufacturer has signed an agreement worth $100 million with Orsted, a Denmark-based energy firm, to construct a submarine power grid in Taiwan. Therefore, the development of offshore oil & gas projects is projected to support the growth of the shipboard cables market. The increasing cost of raw materials hampers the shipboard cables market. The increase in raw material costs increases the operational expenses and hence increases the price of the end product. For instance, in 2019 the price of copper metal increased rapidly owing to the trade tensions between the USA and China. Copper is a key raw material used in the production of shipboard cables. The rise in copper prices thereby increases the manufacturing cost and hence restrains the growth of the shipboard cables market. Major players in the shipboard cables market are Eaton Corporation, Fujitsu Limited, Belden, SAB Cable, FSC Global, Belcom Cables Ltd, Leoni AG, Eland Cables, Nuhas Oman, and Cable Source Pte Ltd. Asia Pacific is the largest region in the shipboard cables market in 2021. North America is the second-largest region in the insulated cables market. The regions covered in the shipboard cable market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the shipboard cables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global shipboard cables market is segmented - 1) By Type: Fiber-Optic Cables, Electric Cables 2) By Voltage: Medium Voltage Cable, Low Voltage Cable 3) By Application: Marine and Offshore, Oil and Gas and Petrochemical, Others

The automotive cables market consists of sales of automotive cables and related services used for data transmission and electrical connections in automotive. Automotive cables are flexibles and are made of aluminum alloy to reduce the weight of the cables in an automobile. Automotive cables are used in lighting, in instrumental panel circuits in automobiles. These are used as battery cables, multimedia, coaxial cables, multi-core screened cables, sheathed ABS Sensor cables. The main product types of automotive cables are copper core, aluminum core, and others. A copper core cable is a collection of two or more copper wires wrapped in a single sheath or jacket. Automotive cables are sold through direct channels and distribution sales channels. The various applications include automotive primary wire and battery cable, brake cable, trailer cable, car speaker wire, and fusible link wire. The global automotive cables market size is expected to grow from $4.23 billion in 2021 to $4.66 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive cable market is expected to reach $6.19 billion in 2026 at a CAGR of 7.4%. The increasing demand for automotive promotes the growth of the automotive cables market. Automotive cables are used in automobiles in starting, charging, lighting, signaling, and in instrument panel circuits. For instance, battery cables in automotive are used to connect the battery to the car’s electrical system. The increasing demand for automotive will require automotive companies to increase their production and in turn, increase the demand for automotive cables. According to the 2019 report by the U.S Bureau of Economic Analysis, auto manufacturing contributed $327.1 billion in GDP whereas $218.3 billion was contributed by vehicle retail sales in GDP. Also, 18.7 million electric vehicles are expected to be in use by 2030. Thus, the growth of the automotive cables market is positively impacted by the increase in the demand for automotive. The growth of the automotive cables market is hindered by the growing availability of counterfeit auto parts including automotive cables. Cheap counterfeited cables are responsible for major revenue loss for authentic cable manufacturers. Apart from being priced low, these cables also increase the risk of accidents because of their low quality. The availability of counterfeited cables forces genuine manufacturers to spend heavy amounts to stop the sale of counterfeited products. According to the Federation of Indian Chambers of Commerce and Industry report, about 20% of all road accidents in India are attributed to counterfeit automotive parts with Rs 2,200 crore revenue being lost by the government due to these counterfeit products. Thus, the availability of counterfeit auto parts hampers the growth of the automotive cables market. The companies in the automotive cables market are investing towards the substitution of copper with aluminum in battery cables to save manufacturing costs and reduce weight. Aluminum used is one-third the weight of copper and is less expensive than copper. The replacement holds no significant difference in the performance of the cable. Following the trend in 2019, LEONI Kabel, a Germany-based cable and harnessing manufacturing firm, has started replacing copper with aluminum in its automotive cables. Another company, Jaguar, a U.K based car manufacturer, has also started using aluminum in its cables. In June 2019, TPC Wire & Cable Corp. (TPC), a USA-based provider of premium electrical wire and cable solutions, acquired EZ Form Cable Corporation for an undisclosed amount. Through the acquisition, TPC aims to strengthen its wire and cables solutions by utilizing wiring and cables solutions from EZ Form Cable Corporation's portfolio. EZ Form Cable Corporation is a USA-based provider of RF connectors, coaxial cable, and coaxial cable assemblies. Major players in the automotive cables market are Sumitomo Corporation, Coficab Tunisie SA, Leoni, Delphi Automotive PLC, General Cable, Furukawa Electric, Lear Corporation, Coficab Group, Yazaki Corporation, and Allied Wire & Cable Inc.. Asia-Pacific was the largest region in the automotive cables market in 2021. The regions covered in the automotive cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aircraft cables market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global automotive cables market is segmented - 1) By Product Type: Copper Core, Aluminum Core, Others 2) By Sales Channel: Direct Channel, Distribution Channel 3) By Application: Automotive Primary Wire and Battery Cable, Brake Cable, Trailer Cable, Car Speaker Wire, Fusible Link Wire

The coaxial cables market consists of sales of coaxial cables and related services. Coaxial cables are used for transmitting data and radio frequency over a distribution network, primarily used in the cable television, telephone service providers, military and aviation sectors, and other industries. Coaxial cable is a type of copper cable that has an inner conductor protected by a layer of insulation, that is enclosed by a shield of tabular conduction to reduce the interaction with electrical and radio frequencies, allowing faster and more stable signal delivery. The main types in the coaxial cables market are hard-line cable, triaxial cable, twin axial cable. The hardline cable in the coaxial cable market refers to the hardline cable that is used to the subscriber’s home for connections at amplifiers. These are applicable in internet data transfer, video distribution, radio distribution frequency transfer, and others. These are used in the cable television industry, military and aerospace, internet service providers, telephone network operators, communication equipment manufacturers, and other end users. The global coaxial cables market size is expected to grow from $31.79 billion in 2021 to $34.66 billion in 2022 at a compound annual growth rate (CAGR) of 9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The coaxial cable market is expected to reach $37.08 billion in 2026 at a CAGR of 1.7%. During the historic period, the use of coaxial cables in cable broadband globally contributed to the coaxial cables market’s growth. Cable broadband offers a variety of benefits due to its affordability and innovations such as high speed, enhanced reliability, and high download peak times. According to a study, in India, the cable TV industry connects over 100 million households. It has enormous coverage and connects over 1500 cities, deep into urban and rural areas with last-mile connectivity. The multiple system operators (MSOs) are the operators, operating multiple cable TV systems, give access to the majority of homes via fixed-line coaxial cable, which can be easily upgraded to carry high-speed broadband. The use of coaxial cables in cable broadband drove the coaxial cables market. The growing use of fiber optic cables is expected to limit the growth of the coaxial cables market. A fiber optic cable is a network cable consisting of glass fibers inside an insulated casing, that transmits data over longer distances, providing high bandwidth and high-performance networking to homes and businesses with internet, TV, and phone service. For instance, in India, fiber optic cables consumption increased with a CAGR of 27% over the past three years. The fiber optic cables provide robust bandwidth internet and are suitable for long-distance transmission of data in India such as live streaming coaching classes. These factors are expected to harm the coaxial cables market as fiber optic cables offer many advantages over coaxial cables, affecting the market’s growth. Many cable manufacturing companies are increasing fire-resistant cables production capacities to keep pace with the increasing demand from the construction industry. Fire-resistant cables are usually required in emergency operations in critical electrical circuits for reducing fire transmission, ensuring the highest level of safety. They have a sheet to prevent the leakage of smoke and toxic gases during fire incidents. Such cables are designed for wiring in large residential, industrial, and manufacturing buildings. For instance, in 2019, some of the major firms that sell fire-resistant cables include Prysmian Group, Nexans, TPC wire and Cable, Cavicel, and Cleveland cable. Cable manufacturers will consider increasing the production of fire-resistant cables to meet the growing demand from construction companies for these cables. Major players in the coaxial cables market are Belden, General Cable, LS Cable and System, Nexans, Prysmian Group, Amphenol, TE Connectivity Ltd, Nexans SA, L-Com Global Connectivity, CommScope. Asia Pacific is the largest region in the insulated cables market in 2021. North America is the second-largest region in the insulated cables market. The regions covered in the coaxial cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the coaxial cables market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The global coaxial cables market is segmented - 1) By Type: Hard-Line Cable, Triaxial Cable, Twin Axial Cable 2) By Application: Internet Data Transfer, Video Distribution, Radio Distribution Frequency Transfer, Others 3) By End-User: Cable Television Industry, Military and Aerospace, Internet Service Providers, Telephone Network Operators, Communication Equipment Manufacturers, Others