Global Telecom Cable Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global Telecom Cable Market is Segmented by Type (Coaxial Cable, Fiber Optic, Mobile Networks, Twisted Pair Cable, LAN Cables), By Applications (Telecommunication applications, Data Centers, Catv, Computer Network), and Geography.

Market Snapshot

Telecommunication cable market size
Study Period: 2020-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: 7.3 %

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Market Overview

Increasing smartphone adoption and global penetration of the internet are some of the key factors influencing the growth of the telecom cable market, which is indirectly involved in the growth of the telecom cable market. The global telecom cable market is expected to register a CAGR of 7.3% over the forecast period from 2022 to 2027.

  • Internet-enabled devices such as smartphones and tablets have become indispensable tools for communication, information, and entertainment worldwide. The increasing adoption of smartphones and the widespread use of the internet worldwide is a key factors influencing the growth of the telecommunications equipment market, which is responsible for developing the telecommunications cable market.
  • IoT technology uses telecom services for asset management and remote system monitoring. By using an IoT platform like Kaa, telecom companies can connect their diverse physical assets to the cloud and remotely manage their operations, investigate malfunctions, run firmware upgrades, and keep track of inventory, leading to market growth.
  • Recently, the shift to more decentralized government funding for broadband infrastructure has been observed. For instance, in November 2021, the USD 1 trillion Infrastructure Investment and Employment Act (IIJA) was passed in the United States, which allocates USD 65 billion for broadband access, clean water, electric grid renewal, transportation, and road proposals. Government programs dedicated to expanding and improving telecommunications infrastructure and services are expected to boost the market's growth.
  • The increased operating and maintenance cost of telecom cables is one of the major factors likely to hamper the market growth. Moreover, underground fiber provides more reliability and requires fewer maintenance efforts. Hence, there is a huge opportunity for optical fiber cables in the market in the current and future.
  • The outbreak of Covid-19 and the pandemic has become a huge challenge to continue operating and providing support even with agents working from home, as the telecom industry heavily relies on huge contact centers to assist their customers. However, due to the increased work-from-home trend, there is high demand for internet connectivity, positively boosting the market's growth.

Scope of the Report

The telecom cables enable two-way communication over long distances by transferring information from one spot to another. However, cables in telecommunications fields are used to transmit electromagnetic waves. They are called electromagnetic waveguides. Moreover, the telecom cable market applications studied are broad and consider telephony and video conferencing, facsimile, broadcast and interactive television, instant messaging, e-mail, distributed collaboration, a host of Web- and Internet-based communication, and data transmission. The study also provides the impact of COVID-19 on the market and trends of the global key players.

By Type
Coaxial Cable
Fiber Optic
Data Center Cables
Mobile Networks
Twisted Pair Cable
LAN Cables
By Application
Telecommunication applications
Data Centers
CATV
Computer Network
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
France
Uk
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Rising Internet Penetration and Adoption of Smartphones

  • The growing applications of telecom cables in mobile devices such as smartphones and the rise of internet penetration are expected to augment the market's growth for the forecast period. Sumitomo Electonic, Leoni, and Nexans are key players who are intensely competing for space.
  • The introduction of 4G LTE technology and 5G services across various developing countries lead to the market's growth, telecom operators in wireless markets, and the imminent 5G and high-speed internet upgrades to be an offering to the market. This migration is necessary to enable expansive network experiences. The telecom cable market is expected to grow with the demand for high-speed internet.
  • The growing interest in multi-access edge computing and private mobile networks. The enterprise market for private mobile networks and edge computing is gaining momentum. The market is still growing, but it is promised to compete with many players competing for market share. Network operators must compete with other players who can be critical partners in providing solutions. In the next few years, other new entrants may begin to bet and define their role in this emerging but rapidly evolving market. These factors leverage the growth of the telecom cables market as well.
  • Companies focus on innovating and expanding their cable business to improve internet speeds. For instance, in February 2022, telecommunications operator Bharti Airtel announced that it would join the SEA-ME-W-E6 Submarine Cable Consortium to expand its global network capacity to serve India's growing digital economy. SEA-ME-WE-6 connects Singapore and France, making it one of the largest submarine cable systems in the world.
  • In August 2020, The Prime Minister of India inaugurated the Chennai-Andaman Nicobar Island Submarine cable landing project that can offer better internet and mobile connectivity in the islands, raising the submarine cable communications. Therefore, increasing the market for telecom cables.
  • In today's growing and digitalized world, text messaging, emailing, and video streaming seem to be forging more income. Mobile data services have substituted telephone calls, developing the telecommunications industry's maximum revenue and exhibiting consistent increases in the number of subscriptions for internet connections. Moreover, the work-from-home culture has leveraged the global telecom cable market.
Global Telecom Cable Market

Asia Pacific Region is Expected to Hold a Significant Market Share

  • Increasing demand for connectivity and internet access in emerging metropolitan cities in the Asia Pacific region is actively driving the market growth. Finally, the growing need for faster internet speeds and better connectivity requires robust and efficient fiber optic test equipment filled with optical technology within the telecom cables, driving the market growth.
  • Moreover, in March 2021, Advanced Television Systems Committee (ATSC) and Telecommunications Standards Development Society, India (TSDSI) signed a deal to boost the adoption of ATSC standards in India to make broadcast services available on mobile devices. This allows the TSDSI to follow ATSC standards, harmonizing global digital broadcasting standards. The agreement allows mobile operators to consider standards-based transmission technologies inherited from ATSC 3.0. This can further leverage the telecom cable market in India.
  • In June 2020, Tata Communications, a digital ecosystem enabler, announced that the Asia Direct Cable (ADC) Consortium, of which it is a member, is making a high-performance submarine cable connecting China, Japan, the Philippines, Singapore, Thailand, and Vietnam. The consortium has selected NEC Corporation to construct the 9,400-kilometer-long ADC cable, which is anticipated to be finished by the end of 2022.
  • In recent times, Asian companies have emerged as significant players. China and Japan have set precedents, firmly setting the Asia-Pacific countries on the map. Australia, South Korea, Taiwan, India, and Vietnam boast significant telecom operators in the Asia-Pacific region, bolstering the position of the Asia-Pacific region within the telecom industry and leveraging the telecom cables market in the region.
  • Moreover, the Asia Pacific telecom cable market is expected to remain one of the largest markets and witness the highest growth over the forecast period due to growing demand for technologies such as cloud-based technology with high connectivity speed and increasing investment in IT infrastructure.
Global Telecom Cable Market

Competitive Landscape

The telecom cable market is highly competitive, dominated by established players such as Sumitomo Electric Industries, Ltd., Furukawa Electric Co. Ltd, Leoni, and Nexans. Through research and development, these players have been able to innovate the offerings that have enabled them to achieve a competitive advantage. With strategic partnerships and mergers & acquisitions, these players have gained a stronger foothold over the market.

  • September 2021 - Leoni, a provider of products and solutions for energy and data management in the automotive sector and other industries, marks the official opening of its fourth plant in Serbia, Kraljevo. The site is not only a giant Leoni plant in Serbia. It also employs a significant number of people at total capacity (up to 5,000 by the end of 2023), making the company a significant private industrial employer in Serbia. Leoni has invested over 50 million EUR in building and equipment for its new production facility.
  • May 2022 - One energy and Prysmian Group announced collaborating with Telstra to build a new state-of-the-art inter-capital fiber network in Australia. The national fiber network project is a multi-year project that will see Telstra build a new “state-of-the-art inter-city dual fiber path” that adds up to 20,000 route km of new fiber optic terrestrial cable, boosting inter-capital capacity as a capacity for regional areas.

Recent Developments

  • April 2021 - Hitachi Cable America completed the roll-out of CableSuite as an innovative IT platform called CableERP. It is the complete ERP solution for wire and cable manufacturers, based on the advanced Microsoft Dynamics D365. It comes with all features that are needed for this specific industry.
  • May 2022 - Prysmian Group, the energy and telecom cable systems industry provider, strengthens its commitment to meet the increasing demand for optical fiber broadband connectivity driven by the Federal and State governments' stimulus packages. The Company announced it is investing an additional USD 30 million to the USD 85 million already announced last year to increase optical fiber cable capacity and capability in plants in North America.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definitions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Value Chain/Supply Chain Analysis

    4. 4.4 Assessment of the Impact of COVID -19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Rise in the use of Internet and increasing acceptance of smartphones

      2. 5.1.2 Increased demand for Internet of Things (IoT)

    2. 5.2 Market Restraints

      1. 5.2.1 High cost of operation and maintenance of Telecom Cable

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 Coaxial Cable

      2. 6.1.2 Fiber Optic

      3. 6.1.3 Data Center Cables

      4. 6.1.4 Mobile Networks

      5. 6.1.5 Twisted Pair Cable

      6. 6.1.6 LAN Cables

    2. 6.2 By Application

      1. 6.2.1 Telecommunication applications

      2. 6.2.2 Data Centers

      3. 6.2.3 CATV

      4. 6.2.4 Computer Network

      5. 6.2.5 Others

    3. 6.3 Geography

      1. 6.3.1 North America

        1. 6.3.1.1 United States

        2. 6.3.1.2 Canada

        3. 6.3.1.3 Mexico

      2. 6.3.2 Europe

        1. 6.3.2.1 Germany

        2. 6.3.2.2 France

        3. 6.3.2.3 Uk

        4. 6.3.2.4 Rest of Europe

      3. 6.3.3 Asia-Pacific

        1. 6.3.3.1 Japan

        2. 6.3.3.2 China

        3. 6.3.3.3 India

        4. 6.3.3.4 Rest of Asia-Pacific

      4. 6.3.4 Rest of the World

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Commscope Inc.

      2. 7.1.2 Sumitomo Electric Industries, Ltd.

      3. 7.1.3 Prysmian Group

      4. 7.1.4 Fujikura Ltd.

      5. 7.1.5 Furukawa Electric Co. Ltd

      6. 7.1.6 Leoni AG

      7. 7.1.7 Belden Inc.

      8. 7.1.8 Hitachi Cable America Inc.

      9. 7.1.9 LS Cable & System

      10. 7.1.10 Hengtong Group Co. Ltd.

    2. *List Not Exhaustive
  8. 8. INVESTMENTS ANALYSIS

  9. 9. FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Global Telecom Cable Market market is studied from 2020 - 2027.

The Global Telecom Cable Market is growing at a CAGR of 7.3% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Sumitomo Electric Industries, Ltd., Prysmian Group, Fujikura, Furukawa Electric Co. Ltd, Leoni are the major companies operating in Global Telecom Cable Market.

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