Expanded Beam Cable Market growing at a CAGR of 22.90% from 2023 to 2031

Key Market Overview

The Global Expanded Beam Cable Market was valued at USD 5.52 Billion in 2022 and is projected to attain market size of USD 6.59 Billion by 2023. The market is further expected to register a compound annual growth rate of 22.90% to reach USD 34.32 Billion in 2031 during the forecast period.

The report highlights the increasing adoption of expanded beam cable in aerospace & defence, IT & telecommunication, and other industries. Consegic Business Intelligence provides an inclusive research report on the expanded beam cable market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Expanded Beam Cable Market By Overview

The report analyses significant segments such as type, end-user, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of multi-mode expanded beam cables in aerospace & defence, healthcare, IT & telecommunication, and other industries. Moreover, the deployment of single mode expanded beam cables in IT & telecommunication sectors among others is expected to drive the market growth during the forecast period.

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Market Dynamics

Driver:

Rising utilization of expanded beam cable in aerospace & defence sector is driving the market growth.
Growing IT & telecommunication industry is spurring the market growth.

Restraints:

Prevalence of stringent regulations and standards associated with manufacturing of expanded beam cables is restraining the market growth.

Market Segmentation:

Report Attributes	Report Details
By Type	Single-Mode and Multi-Mode
By End-User	Aerospace & Defense, IT and Telecommunication, Healthcare, Others
By Region	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The global expanded beam cable market is highly competitive due to the presence of major players such as Harting Technology Group, Bel Fuse Inc., Radiall, Neutrik AG, TE Connectivity, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in expanded beam cable market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.

Harting Technology Group
Bel Fuse Inc.
Radiall
Neutrik AG
TE Connectivity
Smiths Interconnects
X-Beam Tech Co. Ltd.
Warren & Brown Networks
3M
Molex
Glenair
Amphenol Corporation

Global Expanded Beam Cable Market growing at a CAGR of 22.90% from 2023 to 2031