Press release
Military Cables Global Market Report 2025: Steady Growth Fuelled by Communication Systems and Defense Modernization
Military Cables Global Market
What Is The Projected Market Size Of The Global Military Cables Global Market Report 2025 And Its Growth Rate?
• The military cables market growth is steady and expect to increase from $24.77 billion in 2024 to $25.32 billion in 2025, with a compound annual growth rate (CAGR) of 2.2%.
• This growth is primarily due to communication systems, defense modernization, increased data transfer, harsh environmental conditions, and military aircraft wiring.
• In the next few years, the market size is expected to grow further to $30.57 billion in 2029 at a CAGR of 4.8%.
• The growth in this forecast period could be attributed to naval and marine applications, cybersecurity, drones and unmanned systems, aerospace and satellite connectivity, and energy efficiency.
What Is Driving The Growth In The Military Cables Global Market Report 2025?
The growth in the military cables market is driven by increase in military spending. As military cable assemblies and wire harnesses are built with military-specified components, the rise in military expenditure results in demand growth for these cables. Recent data shows a 3.7 percent real-term increase in global military spending in 2022, with a substantial growth of 13 percent in Europe. This trend, coupled with significant military expenditures by major countries like the United States and China, propels the growth of the military cable market in the forecast period.
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Who Are the Key Players Driving Military Cables Global Market Report 2025 Growth?
Key players in the military cables market include:
• Carlisle Interconnect Technologies Ltd.
• Raytheon Technologies Corp.
• Prysmian Group SPA
• Nexans S.A
• Sumitomo Electric Industries Ltd.
• Amphenol Corporation
• TE Connectivity Ltd.
• General Cable Technologies Corporation
• Radiall India Pvt. Ltd.
• Axon Cable Inc., and many more.
What Are The Key Trends In The Military Cables Global Market Report 2025?
Key trends in the military cables market include:
• 5g connectivity
• Electromagnetic interference (emi) shielding
• Electrification of vehicles
• Robotic systems
• Quantum communication.
What Are The Segments Of The Global Military Cables Global Market Report 2025?
The military cables market is segmented by:
1) Product: Coaxial, Ribbon, Twisted Pair
2) Conductor Material: Stainless Steel Alloys, Aluminum Alloys, Copper Alloys, Others Conductor Materials
3) Platform: Ground, Airborne, Marine
4) Application: Communication Systems, Navigation Systems, Military Ground Equipment, Weapon Systems, Other Applications
Which Region Leads The Military Cables Global Market Report 2025?
Western Europe was the largest region in the military cables market in 2024 but the fastest-growing region in the forecast period is expected to be Asia-Pacific. The regions covered in the military cables market include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Military Cables Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Military Cables Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Military Cables Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Military Cables Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Military Cables Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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