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Top Factor Driving Industrial Automation Cable Market Growth in 2025: Growth in Robotics Driving Expansion of the Industrial Automation Cable Market
Which drivers are expected to have the greatest impact on the over the industrial automation cable market's growth?The growth of the industrial automation cable market is expected to be propelled by the growing inclination towards robotics. Robotics, an interdisciplinary field, examines the design, construction, application, and analysis of either autonomous or semi-autonomous robots that can replicate or improve human activities. Due to the significant advancements in robotics technology, spanning from artificial intelligence to control systems, actuators, and sensors, the use of robots is surging. Industrial automation cables are crucial parts of robotic systems, as they allow effective power transmission, signal communication, data interchange, versatility, and safety in industrial automation processes. For example, according to the International Federation of Robotics, a German-based non-profit for industrial robotics, the operating industrial robots number rose to 4,281,585 units in 2023, marking a 10% increase from 2022. Therefore, the increasing inclination towards robotics is projected to propel the industrial automation cable market.
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What is the future CAGR of the industrial automation cable market, and how will it impact industry expansion?
The market size for industrial automation cable has experienced substantial growth in the past few years. Its value is predicted to surge from $8.16 billion in 2024 to $8.89 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.9%. This significant expansion during the historic period has been primarily driven by the requirement for fast data transmission, dependable power source, the emergence of new economies, and infrastructure growth, along with the increased development of advanced and digitized systems, and a high demand for data exchange.
The market for industrial automation cable is predicted to experience a significant increase in the coming years, with an expected size of $12.35 billion in 2029 and an 8.6% compound annual growth rate (CAGR). This expansion over the anticipated period is primarily due to the increasing global demand for more potent data transmission and power supply solutions, shifting from traditional manufacturing methods and facilities, growing requirement for industrial automation cable, and rising necessity for high-performance networks. Key trends throughout the forecast period entail cutting-edge technology advancements, recent progressions in optimizing factories, contemporary solutions for automotive or agricultural sectors, developments in the Internet of Things (IoT), and an escalating adoption rate of automation technologies.
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What are the most significant trends transforming the industrial automation cable market today?
Key players in the industrial automation cable market are focusing on the development of innovative products, such as continuous flex coaxial cable, to enhance their profitability. These high-flex cables are explicitly crafted for uses that necessitate consistent cable motion and adaptability. For instance, Times Microwave Systems, an American company renowned for creating advanced microwave interconnect assemblies and cables, introduced the XtendedFlex 178 continuous flex coaxial cable in March 2023. This cable is specifically configured for plastic cable drag chains and fabricated to meet the vigorous demands of applications noted for ceaseless movement and flexibility, predominantly in the fields of robotics and industrial automation deployed in large-scale distribution hubs.
Which key market segments comprise the industrial automation cable market and drive its revenue growth?
The industrial automation cable market covered in this report is segmented -
1) By Product Type: Ethernet Cables, Fieldbus Cables, Servo Cables, Robot Cables, Other Product Types
2) By Cable Type: Copper Cables, Fiber Optic Cables
3) By Sales Channel: Direct Sales, Distributor Sales
4) By Application Industry: Automotive, Oil And Gas, Energy And Power, Manufacturing, Aerospace And Defense, Chemicals And Petrochemicals, Pharmaceuticals, Food And Beverage, Other Applications
Subsegments:
1) By Ethernet Cables: Industrial Ethernet Cables, Gigabit Ethernet Cables, Fiber Optic Ethernet Cables
2) By Fieldbus Cables: Profibus Cables, Can Bus Cables, Devicenet Cables
3) By Servo Cables: AC Servo Cables, DC Servo Cables, High-Performance Servo Cables
4) By Robot Cables: Flexible Robot Cables, Heavy Duty Robot Cables, Continuous Flex Cables
5) By Other Product Types: Power Cables, Control Cables, Data Cables
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What regions are at the forefront of industrial automation cable market expansion?
Europe was the largest region in the industrial automation cable market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial automation cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the industrial automation cable market?
Major companies operating in the industrial automation cable market are Prysmian Group, Borealis AG, Southwire Company, LLC, Nexans, Hitachi Metals, Ltd., Anixter International Inc., LEONI AG, Fujikura Ltd., LS Cable & System, Oki Electric, Belden, LAPP, Wanma Cable, TKH Group NV, Bizlink Holding Inc., Helukabel, igus GmbH, SAB Brockskes, Eland Cables, Alpha Wire Company, Teldor Cables & Systems Ltd., Cicoil LLC, Lorom Industrial, TPC Wire & Cable, Cables Unlimited, Inc., General Cable, Elettrotek Kabel, Zhejiang Zhaolong, Lutze, MotionCables
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What Is Covered In The Industrial Automation Cable Global Market Report?
•Market Size Forecast: Examine the industrial automation cable market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial automation cable market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial automation cable market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial automation cable market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial automation cable market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial automation cable market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial automation cable market.
•Competitive Landscape: Review strategic developments in the industrial automation cable market, including expansions, agreements, and new product launches.
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