High Speed Cable Market Research Report and Outlook by 2028

The high-speed cable sector is projected to expand from approximately US$ 10,731.30 million in 2021 to around US$ 17,110.52 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.9% during the period from 2021 to 2028.

The rollout of 5G technology is anticipated to meet the increasing demand for reliable communication, which is essential for enhancing and optimizing various digital processes. The higher frequency of 5G wavelengths facilitates rapid data transmission; however, unlike 3G and 4G, 5G signals have a limited range. Establishing an effective 5G infrastructure necessitates a significant number of cell towers, which rely on various high-speed cables for signal transmission. Global telecom companies are heavily investing in the next generation of telecommunications infrastructure. Cisco estimates that 5G will deliver speeds that are 13 times faster than the average mobile connection. Additionally, it will provide increased bandwidth, network slicing capabilities, and improved functionalities for artificial intelligence (AI), virtual reality (VR), and cloud computing. Furthermore, many countries already have established cable TV, telecom, and broadband infrastructures, which is likely to facilitate and accelerate the deployment of high-speed cables. According to Ericsson's projections, there will be approximately 3.5 billion 5G subscriptions by 2026. The deployment of 5G services has already commenced in regions such as the United States, Canada, Western Europe, Japan, China, and Australia. Consequently, as 5G technology becomes more widespread, stakeholders in the high-speed cable market are expected to experience significant growth in the upcoming years.

Effects of the COVID-19 Pandemic on the High-Speed Cable Market

The Electronic Components Industry Association reports that the COVID-19 pandemic has caused disruptions in supply chains, event cancellations, and delays in product launches and other industry activities. Many manufacturers were compelled to temporarily suspend their production facilities due to containment measures and shortages of raw materials. Additionally, producers of various electronic and semiconductor products, including high-speed cables, faced extended lead times, adversely affecting the supply chain within the high-speed cable market. This situation negatively impacted the growth of the high-speed cable market in 2020. However, by late Q4 of 2020, the supply chain for high-speed cables began to stabilize as economies reopened, leading to positive momentum for the market starting in 2021.

The overall size of the high-speed cable market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aims to provide an overview and forecast for the high-speed cable market across all segments. It includes a comprehensive overview and forecast for the global high-speed cable market segmented by five major regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Additionally, primary interviews were conducted with industry participants and commentators to validate the data and gain deeper analytical insights into the subject. Participants in this process included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the high-speed cable market. Notable companies operating in this sector include Amphenol ICC, Axon' Cable, Carlisle Interconnect Technologies, HPL, LEONI AG, NVIDIA CORPORATION, Samtec, Shenzhen Sopto Technology Co., Ltd., TE Connectivity Corporation, and JPC Connectivity.