What are the recent trends in market size and growth for the wires and cables market?
The wires and cables market size has grown strongly in recent years. It will grow from $244.18 billion in 2024 to $259.61 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to the automotive industry growth, telecommunications boom, power transmission networks, consumer electronics demand, and growth of the manufacturing sector.
The wires and cables market size is expected to see strong growth in the next few years. It will grow to $322.49 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to demand for high-speed data transmission, fiber optic expansion, renewable energy projects, smart cities development, and e-commerce growth. Major trends in the forecast period include 5g network expansion, the internet of Things (IoT), digitalization in industries, flexible and lightweight materials, e-mobility infrastructure, recyclability, and sustainability.
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Which industry factors have accelerated the wires and cables market’s expansion?
Technological advances in the communication industry are expected to be a key driver of the wires and cables market. Advances in fiber optic networks and rising investments in high-capacity network infrastructure and wired broadband technologies would lead to an increase in the demand for fiber optic cables. Fiber optic cables support higher bandwidths and faster data transmission than standard coaxial cables. Therefore, an increase in fiber optics demand would support the manufacturers of new and advanced fiber optic cables.
What are the primary segments of the wires and cables market?
The wires and cables market covered in this report is segmented –
1) By Type: Other Cables, Fiber Optical Cable, Coaxial Cables
2) By Mode: Online, Offline
3) By Sales Channel: OEM, After market
4) By End-Use Industry: Energy, Telecommunications, Building And Construction, Industrial Manufacturing, Automotive, Medical Equipment, Other End-Users
Subsegments:
1) By Other Cables: Power Cables, Control Cables, Communication Cables
2) By Fiber Optical Cable: Single-Mode Fiber Cables, Multi-Mode Fiber Cables
3) By Coaxial Cables: RG Coaxial Cables, Triaxial Cables
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Which firms are leading the wires and cables market?
Major companies operating in the wires and cables market include Sumitomo Electric Industries Ltd., Eaton Corporation plc, Prysmian Group S.p.A., TE Connectivity Ltd., Corning Incorporated, Amphenol Corporation, CommScope Holding Company Inc., Southwire Company LLC, Nexans S.A., Motion Industries Inc., Furukawa Electric Co. Ltd., Hengtong Optic-Electric Co. Ltd., Leoni AG, Fujikura Ltd., Belden Inc., Polycab India Limited, KEI Industries Limited, EMCORE Corporation, TELE-FONIKA Kable S.A., New England Wire Technologies Inc., Dacon Systems Inc., Waskönig & Walter GmbH, NKT A/S, Shanghai Shenghua Group Co. Ltd., ABA Industry Group Co. Ltd., American Wire Group, Joseph Fazzio Inc.
Which market trends are set to define the future of the wires and cables market?
The demand for miniature connectors is growing rapidly in industries such as mobile technology, aerospace, defense, and medical equipment to enhance connectivity and minimize space in electrical and electronic devices. Miniature connectors’ also known as micro connectors include sub- miniature, micro-miniature, and ultra-micro miniature connectors. Micro connectors are rectangular cross sections that carry power and data. Miniature connectors can handle about 10 Gbps data and advanced miniature board-to-board connectors can handle about 20 Gbps data. For instance, some of the major companies offering miniature connectors include AMETEK, Omnetics, Amphenol, and Molex.
Which geographic trends are shaping the wires and cables market, and which region has the highest market share?
The countries covered in the wires and cables market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Does The Wires And Cables Market Report 2025 Offer?
The wires and cables market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Wire and cable are an uninsulated single conductor (which are mostly made of copper or aluminum) that carries electricity. Communication and energy cables are two or more insulated wires wrapped in one jacket that carry, data, or both. Communication cables carry electricity usually at lower voltage levels than regular energy transmission cables.
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