Press release
Growth in Robotics Driving Expansion of the Industrial Automation Cable Market: A Key Driver Powering Industrial Automation Cable Market Growth In 2025
Industrial Automation Cable
What Is the Current Industrial Automation Cable Market Size and Its Estimated Growth Rate?
The market size for industrial automation cables has seen significant growth in recent times. It is anticipated to increase from $8.16 billion in 2024 to $8.89 billion in 2025, presenting a compound annual growth rate (CAGR) of 8.9%. Factors such as the requirement for rapid data transmission, dependable energy sources, growth in emerging economies, advancement in infrastructure, the surge in developing modern and digitized systems, along with a high demand for data transactions, have been instrumental in the growth experienced in the historical period.
The market for industrial automation cables is forecast to experience significant expansion in the upcoming years, with its valuation anticipated to hit $12.35 billion by 2029, registering a compound annual growth rate (CAGR) of 8.6%. This projected upswing during the forecast period can be ascribed to an escalating demand for more effective methods of data transmission and power delivery across the globe, a progressive shift from traditional manufacturing processes and infrastructure, a growing need for industrial automation cables, and the rising necessity for high-grade networks. Noteworthy developments forecasted for the period include technological evolution, novel development in factory optimization, innovative solutions for auto and agriculture sectors, progression in Internet of Things (IoT), and a heightened adoption of automation technologies.
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How Are Emerging Segments Shaping the Industrial Automation Cable Market Landscape?
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, Distrior 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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Which Growth Factors Are Influencing Industrial Automation Cable Market Expansion?
The growth of the industrial automation cable market is anticipated to be driven by the escalating trend towards robotics. Robotics, a cross-disciplinary field, explores the creation, utilization, and analysis of autonomous or semi-autonomous robots capable of imitating or augmenting human actions. With rapid advancements in technologies such as artificial intelligence, control systems, actuators, and sensors, the usage of robots is surging. Industrial automation cables, central to robotic systems, facilitate effective power transmission, signal communication, data transfer, flexibility, and safety in industrial automation setups. For example, the Germany-based non-profit organization for industrial robotics, the International Federation of Robotics, reported in September 2024 that 4,281,585 units of operational industrial robots were recorded in 2023, marking a 10% rise from 2022. Hence, the growing inclination towards robotics is projected to fuel the industrial automation cable market's expansion.
Who Are the Dominant Players Across Different Industrial Automation Cable Market Segments?
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
What Industrial Automation Cable Market Trends Are Gaining Traction Across Different Segments?
Prominent businesses in the industrial automation cable industry are concentrating on creating innovative products such as continuous flex coaxial cables to raise their market profitability. These versatile, high-flex coaxial cables are specially designed for applications requiring continuous cable motion and adaptability. For example, Times Microwave Systems, an American firm specializing in creative microwave interconnect assemblies and cables, unveiled the XtendedFlex 178 continuous flex coaxial cable in March 2023. This cable is customized for compatibility with plastic cable drag chains and is meticulously crafted to meet the requirements of applications noted for their constant movement and flexibleness, particularly in fields like robotics and industrial automation employed in large distriion hubs.
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Which Geographic Regions Are Expected to Dominate the Industrial Automation Cable Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Automation Cable Market?
2. What is the CAGR expected in the Industrial Automation Cable Market?
3. What Are the Key Innovations Transforming the Industrial Automation Cable Industry?
4. Which Region Is Leading the Industrial Automation Cable Market?
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