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Wires And Cables Global Market Report 2024 - By Report, Size, Share, Industry Growth, Forecast To 2033
"The new report published by The Business Research Company, titled ""Wires And Cables Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the wires and cables market size has grown strongly in recent years. It will grow from $243.37 billion in 2023 to $258.42 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The wires and cables market size is expected to see strong growth in the next few years. It will grow to $321.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
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Role Of Technological Advancements In Driving The Fiber Optic Cables Market
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.
Rising Demand For Miniature Connectors For Enhancing Connectivity And Space Efficiency Across Industries
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.
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, Aftermarket
4) By End-Use Industry: Energy, Telecommunications, Building & Construction, Industrial Manufacturing, Automotive, Medical Equipment, Other End-Users
Subsegments Covered: Insulated Cables, Shipboard Cables, Aircraft And Automotive Cables, Single-Mode Fiber Cable, Multimode-Fiber Cable
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Major companies operating in the wires and cables market report are Berkshire Hathaway Inc., 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., Endress+Hauser Group International AG, 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, Guardian Industries Corporation, Wilms Group, NKT A/S, Shanghai Shenghua Group Co. Ltd., ABA Industry Group Co. Ltd., American Wire Group, Joseph Fazzio Inc.
Contents of the report:
1. Executive Summary
2. Wires And Cables Market Report Structure
3. Wires And Cables Market Trends And Strategies
4. Wires And Cables Market - Macro Economic Scenario
5. Wires And Cables Market Size And Growth
…..
27. Wires And Cables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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