CATEGORY
Data Cables
Global Market Size (2023) ($ Billion) : Copper Cables: 6.2, & Fiber Optic Cables: 8.8
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Data Cables Global Market Outlook
Market Overview
Global Market Size (2023) ($ Billion) :
Copper Cables: 6.2
Fiber Optic Cables: 8.8
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Fiber optic cables are expected to witness three times higher market growth rate than copper cables
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High speed, lower latency, guaranteed bandwidth, along with enhanced reliability and higher security over the other network technologies, significantly contribute toward the growth of global data cable market
Regional Market Outlook
Copper Cables
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The APAC region is expected to witness a high growth rate and market attractiveness, due to high demand for high-speed internet and various security reasons in the ethernet/copper cables space
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Due to the high growth of data centers, North America accounts for the highest revenue contribution, and APAC is expected to have the highest growth rate for the forecast period (2022–2026)
Fiber Optic Cables
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The APAC region is expected to witness a high growth rate and market attractiveness, due to high demand for high-speed internet and various security reasons in the global fiber-optic cables space
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Due to the high growth of data centers, North America accounts for the highest revenue contribution, and APAC is expected to have the highest growth rate for the forecast period (2022–2026)
Data Cables Market: Drivers and Constraints
Industry Drivers
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Edge and 5G: Telecom carriers plan to deploy Edge Computing and combine FTTx & 5G rollouts to benefit from a common infrastructure that supports both platforms. Fiber optic cables are essential in delivering a cohesive internet experience.
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Data centers: The deployment of large-scale data centers, next-generation broadband technologies, including FTTx, LTE, and HSPA, continuously increase the demand for fiber optic cables. Wavelength division multiplexing is currently considered an option for installation in operational applications.
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Ultra low-latency & zero down-dime: Providing data transmission with ultra-low latency is essential in mission-critical applications across industries. The data cable providers make sure that servers, platforms, and network infrastructure are constantly monitored and that end-users operate without any downtime.
Industry Constraints
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Cost & Time: The installation and maintenance of fiber optic cables require specialized equipment and expertise, which can increase costs and make it difficult for smaller businesses to adopt the technology.
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Supply–demand balancing: Suppliers witnessed increased demand from enterprises, retail, industrial sectors, and end-user categories. Even the leading suppliers experienced challenges to balance between supply and demand.
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Complex and compatibility constraints: Data cables require proper installation and various connectors and switches for connecting several devices. This complex process increases the overall installation cost of the system. Furthermore, the data cable connection facilities are dependent on the length of cable and do not support all sorts of portable devices. These factors act as restraints for market growth. However, various technological advancements are expected to minimize the effect of these factors.
Cost Structure: Data Cables
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Raw material cost is the major cost driver of the total production cost of data cables, accounting for one-third of the production cost
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Optical fiber drawing units, sheath extrusion units, stranding & stretching units, cooling units, heating units, mixers, winding machines & testing equipment are some of the required components to set up a manufacturing plant for data cables
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