E-beam Cross-Linked Marine Cables Industry Set to Reach USD 13.6 Billion by 2034, Says Transparency Market Research

The global e-beam cross-linked marine cables market is witnessing robust growth, propelled by an increased emphasis on safe navigation, robust communication systems, and significant investments in oil & gas infrastructure. Valued at US$ 6.3 Bn in 2023, the market is expected to more than double and reach US$ 13.6 Bn by 2034, registering a compound annual growth rate (CAGR) of 7.3% during the forecast period.

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Analyst Viewpoint

The marine cables market is benefiting from the superior properties achieved through electron beam cross-linking, which enhances cable performance under harsh underwater conditions. Electron beam irradiated cables are engineered for superior thermal, electrical, and mechanical performance, ensuring uninterrupted navigation and communication at sea. Moreover, rising investments in oil & gas infrastructure by governments worldwide are further boosting the market. Key players are offering specialized cables for use on surface ships, submarines, and marine crafts, catering to power, control, lighting, communication, and instrumentation applications, with or without fire survival features.

Market Introduction

E-beam cross-linked marine cables are manufactured using an advanced electron-beam cross-linking process that significantly improves the properties of polymers used in cable insulation. The process involves three key steps: extrusion of the matrix, electron beam radiation to induce crosslinking, and subsequent foaming through controlled heating. This method endows the cables with enhanced durability and resilience, making them ideal for use in the demanding conditions of marine environments. The cables find extensive application in offshore drilling rigs, ships, and other maritime operations where reliability and safety are critical.

Emerging trends in the technology include the incorporation of HDPE blended with Ethylene Vinyl Acetate (EVA) to develop marine-grade cables that combine strength and impact resistance.

Key Players in the E-beam Cross-Linked Marine Cables Market:

Eaton
Belden
SAB Cable
Shoal Group Ltd.
Fujitsu Limited
Belcom Cables Ltd.
LEONI AG
Eland Cables
Nuhas Oman LLC
Cable Source Pte Ltd.
WILSON-CABLES

Latest Developments & Strategic Initiatives

January 2024 - Belden Inc. marked a significant milestone with the groundbreaking ceremony for the expansion of its manufacturing facility in Chakan, Pune, India. This expansion, covering an additional 19,000 square meters, represents an investment of approximately US$ 40 Mn.

2023 - Ravicab Cables Private Ltd. acquired Elegar Kepen (formerly Leoni Cable Solutions India Private Ltd.), bolstering its market position and production capabilities in the region.

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Key Developments

September 2024: Roche expanded its digital pathology open environment by integrating over 20 advanced AI algorithms from eight new collaborators via its navify Digital Pathology enterprise software. This strategic move aims to enhance pathology insights and drive precision medicine.

July 2021: The USA Health Mitchell Cancer Institute began offering advanced lung cancer diagnostics using the Auris Health Monarch robotic system, significantly improving the accuracy of biopsies for hard-to-reach lung nodules.

November 2022: Bio-Rad Laboratories, Inc. and NuProbe USA entered a licensing agreement to develop multiplexed digital PCR assays, aiming to boost mutation detection sensitivity for enhanced disease monitoring and therapy selection.

Market Segmentation

By Diagnostic Test Type:

Biopsy: Needle biopsy, transbronchial biopsy, thoracoscopic biopsy, liquid biopsy, circulating tumor cells (CTCs), circulating tumor DNA (ctDNA), cell-free RNA (cfRNA), exosomes, proteomic analysis, and others.

Imaging Tests: Magnetic Resonance Imaging (MRI), Computed Tomography (CT) scan, Positron Emission Tomography (PET), chest ultrasound, chest X-ray, and other imaging modalities.

Molecular Testing: Sputum cytology, pulmonary function tests, and other relevant assays.

By Product Type:

Instruments
Consumables

By Cancer Type:

Non-small cell lung cancer (NSCLC)
Small cell lung cancer (SCLC)

By End-user:

Hospitals
Clinics
Diagnostic & Imaging Centers
Cancer Research Institutes

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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