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Military Cables Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028

Format: PDF | Pages: 401 | Report ID: MRS1188


Report Description

The global Military Cables market was worth USD 21,607.1 million in 2021 and is expected to be worth USD 27,000.8 million by 2028, growing at a CAGR of 17.8% between 2022 and 2028.

The modernization programmes and increased procurement of military fleets as a result of escalating international tensions are driving the expansion of this market, which presents a number of undiscovered prospects.

One of the primary factors driving the growth of the military cables market is the digitalization and electrification of military systems around the world. The demand for military wires and cables would rise as every potential system became digitalized and electrified. W.L. Gore & Associates announced the GWN3000 Series of high-performance wires in October 2020, capable of producing the power that may replace systems based on combustion, hydraulics, and pneumatics, with greater voltage tolerance, superior mechanical strength, and electrical reliability. As a result, it will propel the military cable market forward.

Segmentation Insights

Military Cables industry is divided on the basis of platform, product type, application, conductor material, end-user and region. On the basis of product types, market is divided into Coaxial, Ribbon, and Twisted Pair.

Further market is divided into Ground, Airborne and Marine based on platform. The marine platform segment is expected to lead the market during the forecast period, accounting for 92.6 percent of the market in 2021. During the projection period, the segment is expected to develop at the fastest CAGR. Destroyers, corvettes, frigates, patrol vessels, submarines, and aircraft carriers are among the marine platforms where military cables are deployed.

On the basis of application, military cables market is segmented into Communication Systems, Navigation Systems, Military Ground Equipment, Weapon Systems, Others (Displays, Accessories). The military ground equipment segment is expected to have the highest CAGR rate in the military cables market throughout the forecast period. In the following years, the segment will be driven by an increase in the number of military ground equipment used to obtain a tactical edge.

Based on conductor material market is divided into Aluminum Alloys, Stainless Steel Alloys, Copper Alloys and other materials which includes Nickle and Silver. During the forecast period, the copper alloys category is expected to grow at the fastest CAGR in the military cables market. Copper wires offer superior electrical characteristics, making them ideal for use in the aerospace and defense industries.

Competitive Insights

Due to its broad product portfolio and impressive distribution network of large corporations in developed and emerging markets, this industry has a concentrated structure. Several cable manufacturing businesses are active participants at the global, regional, and national levels around the world expanding their reach by partnerships, acquisitions etc.

For instance, In January 2021, Airbus has extended its contract with Nexans S.A. for the development of innovative high-voltage cable solutions for future commercial and military electric and hybrid aircraft. They have now extended their 50-year cooperation with this pact.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • Prysmian Cables Systems
  • Nexans
  • Sumitomo Electric Industries
  • LS Cable LTD.
  • General Cable
  • NEONI
  • Furukawa Electric
  • South Wire
  • Fujikura
  • Walsin Lihwa
  • Hitachi
  • Tfkable
  • RSCC
  • AFC
  • FESE
  • Baosheng
  • Jiangnan Group

Product Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Coaxial Cable
  • Ribbon Cable
  • Twisted Pair Cable

Platform Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Ground
  • Airborne
  • Marine

Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Communication Systems
  • Navigation Systems
  • Military Ground Equipment
  • Weapon Systems
  • Others (Displays, Accessories)

Conductor Material Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Stainless Steel Alloys
  • Aluminum Alloys
  • Copper Alloys
  • Other (Nickle and Silver)

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Military Cables market was worth USD 21,607.1 million in 2021 and is expected to be worth USD 27,000.8 million by 2028, growing at a CAGR of 17.8% between 2022 and 2028.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Military Cables market is growing at a CAGR of 17.8% between 2022 and 2028.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
Due to its broad product portfolio and impressive distribution network of large corporations in developed and emerging markets, this industry has a concentrated structure. Several cable manufacturing businesses are active participants at the global, regional, and national levels around the world expanding their reach by partnerships, acquisitions etc.

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