The communication and energy wire and cable manufacturing market consists of sales of communication and energy wires and cables by entities (organizations, sole traders and partnerships) that produce insulating fiber optic cable, and insulated nonferrous wire and cable from nonferrous wire drawn in other establishments.
The global wires and cables market is expected to decline from $236.2 billion in 2019 to $232.7 billion in 2020 at a compound annual growth rate (CAGR) of -1.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $293.8 billion in 2023. Asia Pacific was the largest region in the global wires and cables market, accounting for 52% of the market in 2019. North America was the second largest region accounting for 18% of the global wires and cables market. Africa was the smallest region in the global wires and cables market. Polymer optic fiber is widely being used in automotive, aircraft manufacturing, electronics and other industries apart from telecommunications industry. Polymer optic fiber which is similar to glass optic fiber is made with polymer and transmits light through the core of fiber. It comprises polymethyl methacrylate(PMMA) which facilitates light transmission along with fluorinated polymers which is the cladding material. Polymer optic fibers are light weight and comparatively less expensive and support bit rates of upto 10Gbps .Polymer optic fiber applications include Internet Of Things, home networking, sensors for structural health monitoring. Major companies offering polymer optic fiber include the following Mitsubishi Rayon, Asahi Kasei, Asahi Glass and Fujifilm.
The major players in the global wires and cables market are Sumitomo Electric Industries Ltd, Prysmian Group, Furukawa Electric, Leoni AG, Southwire Company LLC
The countries covered in the global wires and cables market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
The global wires and cables market is segmented:
1) By Type: Other Cables, Coaxial Cables, Fiber Optical Cable
2) By End-Use Industry: Energy, Telecommunications, Building & Construction, Industrial Manufacturing, Automotive, Medical Equipment, Others
3) By Sales Channel: OEM, Aftermarket
4) By Mode: Online, Offline Subsegments Covered: Insulated Cables; Shipboard Cables; Aircraft And Automotive Cables; Single-Mode Fiber Cable; Multimode-Fiber Cable