The Business Research Company’s report on the Military Cables Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the military cables market further?
The increase in military spending will propel the growth of the military cables market. Military cable assemblies and wire harnesses are those that have been designed, built, and manufactured to MIL-SPEC specifications. Military cable assemblies and wire harnesses must be built with military-specified and/or approved wire, cable, connectors, terminations, and other components. Military spending can be viewed as a function of driving forces within the context of current economic and political restrictions. Military expenditure is determined by four basic factors: security-related, technological, economic and industrial, and, more broadly, political. For instance, in April 2023, according to a report published by the Stockholm International Peace Research Institute, a Sweden-based international institute, global military spending experienced a 3.7 percent real-term increase in 2022, surging to an all-time high of $2,240 billion. Notably, military expenditure in Europe saw a substantial 13 percent growth over the year. The United States, contributing to 39 percent of the world’s military spending in 2022, and China, accounting for 13 percent, retained their positions as the top two spenders. Following them were Russia at 3.9 percent, India at 3.6 percent, and Saudi Arabia at 3.3 percent, collectively comprising 63 percent of the total global military expenditure for the year. Therefore, the rising military spending is expected to boost demand for the growth of the military cable during the forecast period.
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What are the key factors influencing the forecasted market size of the military cables industry?
The military cables market size has grown steadily in recent years. It will grow from $24.77 billion in 2024 to $25.32 billion in 2025 at a compound annual growth rate (CAGR) of 2.2%. The growth in the historic period can be attributed to communication systems, defense modernization, increased data transfer, harsh environmental conditions, military aircraft wiring.
The military cables market size is expected to see steady growth in the next few years. It will grow to $30.57 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to naval and marine applications, cybersecurity, drones and unmanned systems, aerospace and satellite connectivity, energy efficiency. Major trends in the forecast period include 5g connectivity, electromagnetic interference (emi) shielding, electrification of vehicles, robotic systems, quantum communication.
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Who are the leading competitors in the military cables market?
Major companies operating in the military cables market include Carlisle Interconnect Technologies Ltd., Raytheon Technologies Corp., Prysmian Group SPA, Nexans S.A, Sumitomo Electric Industries Ltd., Amphenol Corporation, TE Connectivity Ltd., General Cable Technologies Corporation, Radiall India Pvt. Ltd., Axon Cable Inc., W. L. Gore & Associates Inc., Leviton Manufacturing Co. Inc., A.E. PETSCHE Company Inc., Apar Industries Ltd., Collins Aerospace Ltd., Ensign-Bickford Aerospace & Defense Company, Galaxy Wire & Cable Inc., Gem Cable Conductors Ltd., Jiuzhou Wire & Cable Co. Ltd., Miracle Electronics Devices Pvt. Ltd., PIC Wire & Cable Co., Radiant Cables Pvt. Ltd., Belden Inc., Cicoil Corporation, Cooner Wire Company, Delphi Technologies Plc, Epec Engineered Technologies Corp., Habia Cable AB, Harbour Industries LLC, Hitachi Metals Ltd.
Which emerging trends are set to transform the military cables market landscape?
Product Innovation has emerged as the key trend gaining popularity in the military cables market. Major companies operating in the military cables market sector are focused on developing new technological solutions to meet customer demand and strengthen military cables market position. For instance, in June 2024, Samtec, a US-based connector company, launched Nitrowave cable. Samtec’s Nitrowave is a high-performance cable technology offering phase and amplitude stability with enhanced long-term flexure stability. This improved stability is achieved through the addition of an interlayer, ensuring more accurate and reliable performance throughout the cable’s lifespan. These are targeted for use in the defense, aerospace, data communications, computer/semiconductor, and instrumentation industries.
How do different geographies compare in terms of market share and growth potential in the military cables market?
Western Europe was the largest region in the military cables market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the military cables market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Which major segments of the military cables market are experiencing the fastest growth?
The military cables market covered in this report is segmented –
1) By Product: Coaxial, Ribbon, Twisted Pair
2) By Conductor Material: Stainless Steel Alloys, Aluminum Alloys, Copper Alloys, Others Conductor Materials
3) By Platform: Ground, Airborne, Marine
4) By Application: Communication Systems, Navigation Systems, Military Ground Equipment, Weapon Systems, Other Applications
Subsegments:
1) By Coaxial: Flexible Coaxial Cables, Semi-Rigid Coaxial Cables, Tactical Coaxial Cables
2) By Ribbon: Flat Ribbon Cables, Round Ribbon Cables
3) By Twisted Pair: Shielded Twisted Pair (STP) Cables, Unshielded Twisted Pair (UTP) Cables, Tactical Twisted Pair Cables
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How is the military cables market defined?
Military cable assemblies and wire harnesses are those that have been designed, built, and manufactured to MIL-SPEC specifications. Military cable assemblies and wire harnesses must be built with military-specified and/or approved wire, cable, connectors, terminations, and other components. It is are used in various applications, including aircraft, weapon systems, and military ground vehicles.
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