According to a new report by Expert Market Research titled, “Twisted Pair Cable Global Market Share, Size, Report and Forecast 2023-2028″, the global twisted pair cable market size is projected to grow at a CAGR of 6.10% between 2023 and 2028. Aided by the burgeoning demand for high-speed and reliable data transmission in numerous sectors and the expanding applications of twisted pair cables in a myriad of industries, the market is expected to grow significantly by 2028.
Twisted pair cables are a type of wiring system that involves two conductors of a single circuit intertwined for the purposes of cancelling out electromagnetic interferences from external sources and cross talk from neighbouring circuits. They are broadly used in telecommunications and data communication applications due to their superior data transmission capabilities and cost-effectiveness.
The escalating need for robust and high-speed data transmission is primarily propelling the global twisted pair cable market growth. With the explosive growth of digital data, thanks to the pervasive use of Internet-based services, there has been a significant shift toward high-speed and reliable data transmission systems. This has resulted in an upsurge in demand for twisted pair cables. Moreover, the burgeoning trend of remote work, fuelled by the ongoing digitisation wave, has further amplified the demand for twisted pair cables, as they form a critical component in creating reliable home networks.
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The expanding applications of twisted pair cables in diverse sectors also play a significant role in accelerating the twisted pair cable market development. In the telecommunication sector, twisted pair cables are employed to connect telephone lines. The IT industry leverages them for networking purposes, while the video surveillance industry uses these cables for CCTV installations. Furthermore, the robust growth of the smart home industry and the increasing demand for home automation solutions have also spurred the utilisation of twisted pair cables.
Further, technological advancements have led to the development of enhanced versions of twisted pair cables that offer superior speed, improved interference tolerance, and extended transmission distance. The introduction of Category 7 (Cat 7) and Category 8 (Cat 8) twisted pair cables, which provide high-speed ethernet connectivity, has not only fuelled market growth but also presented new opportunities for players in the twisted pair cable market.
Moreover, the escalating demand for improved telecommunication infrastructure and the increasing penetration of internet services globally have heightened the focus on twisted pair cables as a critical component for networking purposes. The rise of 5G technology and the subsequent improvements in network speed and latency are expected to create additional demand for twisted pair cables, thereby boosting the twisted pair cable market expansion.
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Market Segmentation
The market can be divided based on type, frequency, end-use industry, and region.
Market Breakup by Type
• Shielded
• Unshielded
Market Breakup by Frequency
• 1 KHz-100 MHz
• 100 MHz-500 MHz
• 500 MHz-1,000 MHz
Market Breakup by End-Use Industry
• Telecommunication
• Power Generation
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global twisted pair cable companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• K. M. Cables & Conductors
• Systems Wire Cable
• Munisu
• TE Connectivity
• Hitachi, Ltd.
• SAB Bröckskes GmbH & Co. KG
• Extron
• Others
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