According to a new market report published by Lucintel, the future of the
telecom cable market looks promising with opportunities in the telecommunication infrastructure, CATV, data center, and computer networking markets. The global telecom cable market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $57.2 billion by 2025 with a CAGR of 4% to 6% from 2020 to 2025. The major growth drivers for this market are increasing demand for internet connectivity, increasing subscriber base, and growing investment in telecom infrastructure.
Browse 70 market data tables and 117 figures spread through 201 pages and in-depth TOC on “Telecom Cable Market".
To download report brochure, please go to
https://www.lucintel.com/telecom-cable-market.aspx and click "report brochure" tab.
In this market, external & internal copper cables and fiber optic cables are used for voice, data, and signal transmission. Lucintel forecasts that internal telecom & data cable is expected to remain the largest segment due to increasing demand for high-speed device connectivity. Fiber optic telecom cable is expected to witness the highest growth during the forecast period due to the increasing fiber to the home (FTTH) subscriber base and increasing investment in telecommunication infrastructure.
Within the telecom cable market, telecommunication will remain the largest application due to growing deployment of fiber optic cable for long range communication and digital transformation in the telecommunication industry. Lucintel predicts that CATV is expected to witness the highest growth during the forecast period supported by increasing demand for high definition video content and growth in smart devices.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growing demand for cloud based technology with high connectivity speed and increasing investment in IT infrastructure.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of ultra-fast broadband networks and integration of FTTH & wireless technology. Prysmian, Sumitomo Electric, Nexans, Furukawa, LS Cable, General Cable, and Fujikura are the major suppliers of telecom cable.
Lucintel, a leading global strategic consulting and
market research firm, has analyzed growth opportunities in the telecom cable market by product type, installation type, by application, and by region and has come up with a comprehensive research report entitled “
Growth Opportunities in the Telecom Cable Market 2019-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the telecom cable market by product type, installation type, by application, and by region as follows:
By Application [$M shipment analysis from 2014 to 2025]: