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The global industrial communication cables market is expected to display higher growth rate over the next five years. Rapid surge in market is credited to the increasing demand for seamless data communication and growing adoption of automation technologies. Development of high performance industrial communication cables is considered as a key aspect of modern production facilities, manufacturing processes and the industrial infrastructure. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for industry participants to invest in research and development of industrial communication cable market.
The industrial communication cables is capable of delivering high-speed data transmission. Industrial communication cables offer numerous over traditional wired infrastructure such as ordinary communication cables. Application of industrial communication cables include signal transmission, communications, instrumentation & control, single ended transmitters and multi-point network access. Industrial communication cables are used along with various transmission devices, converters & repeaters.
Industrial communication cables consists of in-built modem, which enables internet access on multiple connected devices. The voltage is supplied to the communication cables to transmit broadband signals is dropped at medium range with help of head end device in order to improve internet connectivity. As the voltage is dropped at medium range, the signal starts to degrade. To avoid such problem, repeaters are used to amplify the modulated signal, so it reaches the destination in a healthy condition. This provides higher data transfer rate and smoother transmission.
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Industrial communication cables market is broadly categorized into two major segments based on application type such as process industries and discrete industries. Process industries segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of industrial communication cables in process industries segment is attributed to implementation of advanced communication protocols and low cost solutions.
Market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in communication sector, surge in number of research & development activities in the region and existence of well-established manufacturing infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth due to the rising demand from various end-use industries such as utilities, oil & gas industry and aerospace sector.
Asia-Pacific region is estimated to hold a major share in the industrial communication cables market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rapid industrialization, increasing need for high-speed data transmission, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the industrial communication cables market are Advantech Co., Ltd., Anixter International, Inc., General Cable Technologies Corp., Hitachi Ltd., Nexans S.A., and Belden India Pvt., Ltd.
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