Semi Flexible Cable Market Size, Share, Growth, and Industry Growth by Type (>6.2mm, 2.15mm-6.20mm) and By Application (Military, Aerospace, and Mobile Communication base station) Regional Forecast To 2031

Updated On: 08 April 2024

Semi Flexible Cable Market Report Overview

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The global semi flexible cable market size was USD 686.83 million in 2021. As per our research, the market is projected to touch USD 1662.88 million in 2031, exhibiting a CAGR of 9.61% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with semi flexible cable experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.  The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Semi flexible cables are a type of insulated wire. It is usually used for telecommunication signals or transmitting electricity. 

Growing adoption of the cables in military and aerospace sectors for their lightweight properties is anticipated to fuel market growth. Increased demand for aerospace globally coupled with a rise in urbanization is estimated to surge market growth. Increased demand for wireless communication and several benefits of the product such as resistance against high radiation levels coupled with protection against environmental conditions such as chemicals, moisture, and mechanical damage. These benefits of the wires are estimated to fuel market growth in the forthcoming years. Large adoption of the product in the military sector is estimated to surge market growth. The product is used for bending the assembly at significant angles (up to 180 degrees), which is anticipated to boost the market growth. On the contrary, limited usage of the product and higher costs is predicted to obstruct market progress.

COVID-19 Impact: Shutting of Industrial Sectors and Travel ban to Limit Market Growth

The Nobel outbreak of the Coronavirus pandemic minimized market growth due to the closure of industrial sectors.  Lockdown restrictions and shutdown of manufacturing units impacted the production rate. Closure of the aerospace sector and travel ban to impact market growth. However, the huge demand for wireless communication high rate of work-from-home recovery market growth. In addition, huge demand for advanced connection and rapid digitalization to fuel market growth.

LATEST TRENDS

"Huge Demand from Telecom Sector to Push Market Growth "

Increased demand from the telecom sector and the rapid development of smartphones globally are estimated to surge market growth. Huge demand for wireless communication and rapid urbanization is projected to push market progress. It has excellent mechanical properties such as resistance against high radiation levels coupled with protection against environmental conditions such as chemicals, moisture, and mechanical damage. These advantages of the wires are estimated to fuel market growth in the forthcoming years. Wide adoption of cellular networks or long-distance telecommunication systems is estimated to fuel market progress.

Semi Flexible Cable Market SEGMENTATION

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• By Type

Based on type, the market is divided into >6.2mm, 2.15 mm-6.20 mm, and <2.15mm.

2.15mm -6.20mm is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into military, aerospace, and mobile communication base station.

Mobile communication base station is expected to be the top part of application segmentation.

DRIVING FACTORS

"Huge Adoption of Cables in Aerospace and Military Sectors to Foster Market Growth"

Increased adoption of the cables in the aerospace and military sector is estimated to fuel market growth. The high development of next-generation communication such as surveillance radar networks, satellite navigation, and radar networks is predicted to surge market growth. It is extensively used in the sectors for its corrosion or ability to withstand harsh environmental conditions without any degradation. It has several excellent mechanical properties such as (EMI) electromagnetic interference. These properties make it ideal for use within telemetry hardware such as drones, aircraft equipment, and monitor missiles. These factors are predicted to propel semi flexible cable market growth in the forthcoming years.

"Increased Demand from Medical Sector to Fuel Market Growth"

Growing demand for the product in the medical sector and huge adoption of the cables in medical devices such as telemetry units, imagining systems, and others. It has excellent mechanical properties which make it ideal to be used in MRI machines or X-ray scanners. These factors are estimated to drive market growth. The product is used for bending the assembly at significant angles (up to 180 degrees), which is anticipated to boost the market growth. Further, it is used in test and measurement applications for its high flexibility or corrosion properties are anticipated to fuel semi flexible cable market progress in the forthcoming years.

RESTRAINING FACTORS

"Limited Usage of the Cables and High Costs to Harm Market Growth "

Limited usage of the product and higher costs is predicted to restrict market progress.

Semi Flexible Cable Market REGIONAL INSIGHTS

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"Increased Demand for Wireless Communication in North America to Drive Market Share "

North America is estimated to fastest growing semi flexible cable market share due to increased demand for wireless communication. The rising need for high data rates and high development of next-generation communication such as surveillance radar networks, satellite navigation, and radar networks is predicted to surge market growth in the coming years.

Europe is anticipated to witness significant market growth for its large adoption in the military and aerospace sectors. Increased demand for aerospace globally coupled with a rise in urbanization is estimated to surge market growth. Increased demand for wireless communication and several benefits of the product such as resistance against high radiation levels coupled with protection against environmental conditions such as chemicals, moisture, and mechanical damage. These advantages of the wires are estimated to fuel market growth in the forthcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Habia (Sweden)
• Nissei (Japan)
• Huber-Suhner (Switzerland)
• Hansen (Australia)
• TGC (India)
• Trigiant (China)
• Shenyu (U.S.)
• Nexans (France)
• Hengxin (China)
• Kingsignal (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.