Press release
Surge In Military Spending Drives Growth In Military Cable Market Driver: Leading Transformation in the Military Cables Market in 2025
Military Cables Market Size
The escalation in defence expenditure is anticipated to stimulate the expansion of the military cables market. Military cable assemblies and wire harnesses, constructed in line with MIL-SPEC standards, have to be fashioned using military-approved components such as wire, cable, connectors, terminations. The factors determining military expenditure are believed to be security-related, technological, economic and industrial, and political. For example, a report by the Stockholm International Peace Research Institute, a global institution based in Sweden, in April 2023 stated that there was a growth of 3.7 percent in real terms in global military spending in the previous year, reaching an unprecedented total of $2,240 billion. Remarkably, military spending in Europe grew by a significant 13 percent within that year. The United States, responsible for 39 percent of worldwide military spending in 2022, and China, with a share of 13 percent, maintained their rank as the two top spenders. Their runners up were Russia with 3.9 percent, India with 3.6 percent, and Saudi Arabia with 3.3 percent, cumulatively making up 63 percent of the global military spending that year. Consequently, the burgeoning military expenditure is predicted to enhance demand for the expansion of the military cable in the years to come.
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How will the growth rate of the military cables market shape industry trends by 2034?
In the past few years, the size of the military cables market has seen a consistent expansion. It is projected to increase from $24.77 billion in 2024 to $25.32 billion in 2025, with a compound annual growth rate (CAGR) of 2.2%. The growth in the previous period was driven by factors such as improvements in communication systems, defense modernization, an uptick in data transfer, challenging environmental conditions, and wiring of military aircraft.
In the projecting years, the military cables market size is poised for consistent expansion. It is anticipated to surge to a size of $30.57 billion by 2029, with a 4.8% compound annual growth rate (CAGR). The augmentation in the predicted period is the result of naval and marine applications, cybersecurity, drones and unmanned systems, aerospace and satellite connectivity, and energy efficiency. Predominant trends for the forthcoming duration comprise 5g connectivity, electromagnetic interference (emi) shielding, electrification of vehicles, robotic systems, as well as quantum communication.
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What trends are poised to drive the future success of the military cables market?
Product innovation has surfaced as a primary trend gaining traction in the military cables marketplace. Many of the leading companies in the sector are concentrating on creating novel technological solutions to meet the needs of customers and solidify their market position. For example, in June 2024, Samtec, an American connector firm, introduced the Nitrowave cable. The Nitrowave, a high-performance cable technology from Samtec, offers phase and amplitude stability, coupled with enhanced flexural durability. This improved stability is acquired through the incorporation of an additional layer, ensuring a consistent and reliable performance throughout the cable's lifespan. These cables are aimed at the defense, aerospace, data communications, computer/semiconductor, and instrumentation industry markets.
Which primary segments of the military cables market are driving growth and industry transformations?
The military cables market covered in this report is segmented -
1) By Product: Coaxial, Ribbon, Twisted Pair
2) By Conductor Material: Stainless Steel Alloys, Aluminum Alloys, Copper Alloys, Others Conductor Materials
3) By Platform: Ground, Airborne, Marine
4) By Application: Communication Systems, Navigation Systems, Military Ground Equipment, Weapon Systems, Other Applications
Subsegments:
1) By Coaxial: Flexible Coaxial Cables, Semi-Rigid Coaxial Cables, Tactical Coaxial Cables
2) By Ribbon: Flat Ribbon Cables, Round Ribbon Cables
3) By Twisted Pair: Shielded Twisted Pair (STP) Cables, Unshielded Twisted Pair (UTP) Cables, Tactical Twisted Pair Cables
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Which geographical regions are pioneering growth in the military cables market?
Western Europe was the largest region in the military cables market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the military cables market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the military cables market landscape?
Major companies operating 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., W. L. Gore & Associates Inc., Leviton Manufacturing Co. Inc., A.E. PETSCHE Company Inc., Apar Industries Ltd., Collins Aerospace Ltd., Ensign-Bickford Aerospace & Defense Company, Galaxy Wire & Cable Inc., Gem Cable Conductors Ltd., Jiuzhou Wire & Cable Co. Ltd., Miracle Electronics Devices Pvt. Ltd., PIC Wire & Cable Co., Radiant Cables Pvt. Ltd., Belden Inc., Cicoil Corporation, Cooner Wire Company, Delphi Technologies Plc, Epec Engineered Technologies Corp., Habia Cable AB, Harbour Industries LLC, Hitachi Metals Ltd.
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What Is Covered In The Military Cables Global Market Report?
•Market Size Forecast: Examine the military cables market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the military cables market for a structured understanding.
•Key Players Overview: Analyze major players in the military cables market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the military cables market.
•Segment Contributions: Evaluate how different segments drive overall growth in the military cables market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the military cables market.
•Industry Challenges: Identify potential risks and obstacles affecting the military cables market.
•Competitive Landscape: Review strategic developments in the military cables market, including expansions, agreements, and new product launches.
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