High Speed Cable Market Size, Share, Demands and Global Industry Growth by 2028

Developments in 5G Network Services to Provide Growth Opportunities for High Speed Cable Market during 2021-2028

According to our latest market study on "High Speed Cable Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and Application," the market was valued at US$ 10,731.30 million in 2021 and is projected to reach US$ 17,110.52 million by 2028; it is expected to grow at a CAGR of 6.9% from 2021 to 2028.

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The implementation of 5G is expected to address the growing need for robust communication to streamline and optimize various digital operations. The greater amplitude of 5G wavelength supports high speed data transmission; however, with the 5G connectivity, signals cannot be transmitted over a long distance, as that with 3G and 4G. An efficient 5G infrastructure network requires a large number of cell towers. These cell towers utilize various high speed cables for the transmission of signals. The telecom market players across the world are heavily banking upon the next generation of telecommunication infrastructure. According to Cisco, 5G would offer 13-times higher speed than average mobile connection. It will also offer higher bandwidth; network slicing; and enhanced artificial intelligence (AI), virtual reality (VR), and cloud computing capabilities. Also, the cable TV, telecom, and broadband infrastructure is already established in most of the countries, which is likely to streamline and expedite the deployment of high speed cables. As per the forecasts of Ericsson, there would be 3.5 billion 5G subscriptions by 2026. Moreover, the deployment of 5G services by telecom operators in the US, Canada, western European countries, Japan, China, Australia, etc., has already begun. Thus, with the growing penetration of 5G, the high speed cables market players are expected to witness substantial growth in the coming years.

Top Company Profiles:
Amphenol ICC
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With an increase in the importance of technologies, many governments and private organizations are talking initiatives for the development of smart cities. Smart cities are characterized by intelligent traffic management, intelligent utilities management, intelligent dwellings and workplaces, connected public services, and among others. They use information and communication technologies (ICT) to provide better public wellbeing, service levels, economic development, and sustainability. Furthermore, enhanced safety levels, efficient public utilities, improved public transport services, efficient energy utilization, economic development opportunities, and data-driven decision-making are a few of the other benefits of smart cities. The smart cities utilize wired and wireless internet infrastructure along with various connected devices such as camera, sensors, recorders, and other smart devices. Connected devices deployed in smart cities would also require data centers for supporting various digital operations. For setting up the internet infrastructure and establishing data centers, high speed cables are used at a large scale. Thus, the growing need for the optimum utilization of resources is paving a way for smart cities, which is expected to propel the high speed cable market growth in the future.

The global high speed cable market has been segmented as follows:

High Speed Cable Market - by Type

Direct Attach Copper (DAC) Cable
PCIe Cable
SAS Cable
Active Electrical Cable (AEC)
Active Copper Cable (ACC)
Active Optical Cable (AOC)

High Speed Cable Market - by Application

Switch to Switch
Switch to Server
Server to Storage

The players operating in the high speed cable market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In 2021, Credo announced the first offering of 800G HiWire active electrical cables for next generation decentralized data centers and AI servers.

In 2020, Broadcom and Microsoft joined the HiWire Consortium, which is developing active cable standards for data centre copper connectivity with speeds of 400 and 800 gigabits per second.

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