Insulated Wires and Cables Global Market to Reach $280.8 Billion by 2030: Fiber Optics Emerge as Preferred Transmission Medium for Undersea Applications


Dublin, April 14, 2023 (GLOBE NEWSWIRE) -- The "Insulated Wires and Cables: Global Strategic Business Report" report has been added to's offering.

The global market for Insulated Wires and Cables estimated at US$170.2 Billion in the year 2022, is projected to reach a revised size of US$280.8 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030.

Metal, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$166.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Plastic segment is readjusted to a revised 6.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $22.2 Billion, While China is Forecast to Grow at 7.6% CAGR

The Insulated Wires and Cables market in the U.S. is estimated at US$22.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$87.8 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$53.9 Billion by the year 2030.

Select Competitors (Total 195 Featured) -

  • ABL Electronic Supplies, Inc.
  • AFC Cable Systems, Inc.
  • AFL
  • Amphenol Corp.
  • Aptiv PLC
  • Asia Pacific Wire & Cable Corporation Limited
  • Belden, Inc.
  • Cable USA
  • Carlisle Interconnect Technologies
  • Cerrowire LLC
  • Coleman Cable, Inc.
  • CommScope, Inc.
  • Corning Incorporated
  • Ducommun LaBarge Technologies
  • Electrical Components International
  • Encore Wire Corporation
  • Finolex Cables Ltd
  • Fujikura Group
  • Furukawa Electric Company Limited
  • General Cable Corporation
  • Hitachi Metals, Ltd.
  • Leviton Manufacturing Company, Inc.
  • LS Cable & System Limited
  • MOLEX, Inc.
  • NKT Cables Group GmbH
  • Olex Cables Limited
  • Permanoid Ltd.
  • Prysmian Group S.p.A.
  • Rea Magnet Wire Company, Inc.
  • Southwire Company, LLC
  • Sumitomo Electric Industries Ltd.
  • Superior Essex Incorporated
  • TE Connectivity
  • Tele-Fonika Kable S.A.
  • The Okonite Company

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages588
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$170.2 Billion
Forecasted Market Value (USD) by 2030$280.8 Billion
Compound Annual Growth Rate6.5%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Insulated Wires and Cables - Global Key Competitors Percentage Market Share in 2022 (E)
  • Long Term Prospects for the Industrial Wires and Cables Market
  • Increasing Adoption of Fiber Optical Cables & Polymer Optic Fibers
  • Robust Demand for Fast-Charging Cables
  • Asia-Pacific Dominates Global Insulated Wire & Cable Market
  • PVC Insulated Wires Emerge as Popular Option for Electrical Industries
  • Pandemic Weakens Global Economic Environment, Triggering Negative Tide in GDP
  • Industrial Activity Remain Subdued in the Immediate Term, Inducing Weakness into Insulated Wires & Cables Market
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Business Climate Indicator in the Euro Area for the Period June 2019 to May 2020
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Recent Market Activity
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Telecommunications Industry Remains the Largest Revenue Contributor
  • COVID-19 Impacts Investments in 5G
  • Global Smartphone Subscription Breakdown by Technology: 2019 and 2025
  • Fiber Optic Wires & Cables Gain Widespread Popularity
  • Fiber Optics Emerge as Preferred Transmission Medium for Undersea Applications
  • Active Optical Cables Subvert Copper Cables' Demand
  • Comparison between AOC and Copper Cables
  • Global AOC Market by Application Platform (2020): Percentage Breakdown of Units for Personal Computer, High Definition Television, Consumer Electronic Devices and High-Performance Computers
  • Global AOC Market by Application Type (2020): Percentage Breakdown of Units for HDMI and DisplayPort
  • Fiber Optic Cables Makes Headwinds towards Diagnostic & Digital Imaging Applications in Healthcare
  • Rising Bandwidth Demand Putting the Global Insulated Wires and Cables Market in Overdrive
  • Spurt in Work-From-Home & Online Collaboration Volumes Spur Bandwidth Needs Worldwide
  • Fixed Broadband Speed (in mbps) in Select Countries: April 2020
  • Breakdown of Internet Users (in %) by Region: Q1 2020
  • Internet Penetration Rate (%) in Select Countries: April 2020
  • Rise of Mobile Communication Networks Accelerates Telecommunication Sector to a New Level, Generating Parallel Opportunities to Wires & Cables Market
  • Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Power Infrastructure to Drive Growth
  • Focus on Establishing Renewable Energy Infrastructure Lends Traction
  • EHV and HV Insulated Power Cables: Changing Operating Environment
  • Trends in HV/EHV Cable Designs and Future Concepts
  • Residential & Commercial Construction Sector: Short-Term Prospects Remain Sluggish Amid Ongoing Onslaught of Covid-19 Outbreak
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Housing Projects Scenario in the US
  • Key Indicators for US Residential Construction Market
  • Computers and Consumer Electronics: A High Growth Market
  • Increasing Prevalence of High-Speed HDMI Cables
  • Despite the Crushing Impact of COVID-19 Crisis, Automotive Industry Remains an Important Consumer of Insulated Wires and Cables
  • World Automobile Production in Million Units: 2008-2022
  • Evolving Car Electronics to Drive Long Term Gains
  • Popularity of Electric Vehicles to Power Growth
  • Aerospace Industry Demands High End Wires and Cables
  • Oil and Gas Industry: Role of Cables, Wires and its Compounds
  • Copper Continues to Reign the Insulated Cable and Wire Market
  • Polyvinyl Chloride finds Favor as an Insulation Material
  • Greenhouse Gas Emission Targets Brightens Prospects for Insulation
  • High Temperature Insulation Sector to Grow Worldwide
  • Emphasis on Green Materials




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Global Market for Insulated Wires and Cables

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