How big is the Cable Industry Market

Q: How big is the cable industry market in 2024?

The cable industry market was estimated at USD 235 billion in 2024.

Q: What is the projected size of market by 2031?

The market is projected to reach USD 360 billion by 2031, growing at a CAGR of 6.3%.

Q: What drives growth in the cable industry?

Infrastructure expansion, renewable energy, EV growth, and broadband deployment are driving the growth.

Q: What are the latest trends in the cable industry market?

Fiber optics, sustainable cable materials, smart monitoring, and hybrid solutions are latest trends.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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How big is the Cable Industry Market | Size and Industry Forecast 2025

Code: MTA5529

Publication Date: Jul 2025

What is the size of the Cable Industry Market?

According to 绿帽社 internal database and industry insights, the Cable Industry Market was exhibited at USD 234 billion in 2024 and is projected to reach USD 360 billion by 2031, growing at a CAGR of 6.4% during the forecast period 2025–2031.

Due to rising energy demand, telecom expansion, and large-scale infrastructure development across urban, rural, and industrial areas, the cable industry market is predicted to gain momentum in the coming years.

Key Growth Factors of the Cable Industry Market

Rising electrification in developing nations
Expansion of fibre optics for broadband and 5G
Growth of renewable energy and smart grid systems
Infrastructure development in transportation and construction
Increasing use in automotive, especially electric vehicles

Cable Industry Market Trends

The cable industry market is navigating new developments with rising demand for high-performance cables in renewable energy and EVs. With the time, fibre optic deployment is accelerating with 5G rollout and smart cities. Also, the eco-friendly and halogen-free cables are gaining preference due to regulatory compliance. Miniaturization and multi-functional cables are becoming standard for electronics and IoT systems. Further, the high-speed data and hybrid power/data cables are transforming industrial automation.

Emerging Developments in the Cable Industry Market

Cable industry market is seeing advancement in the self-healing insulation technologies and temperature-sensitive smart cables. Both recyclable and biodegradable cable materials are gaining momentum as sustainability becomes a focus. Excluding these, AI-powered monitoring systems for cable health are being implemented in energy and telecom sectors. Advanced manufacturing is also enabling faster, more efficient production of complex cable types for aerospace, defence, and offshore wind applications.