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Armored Cable Market Size
- Report ID: GMI8908
- Published Date: Apr 2024
- Report Format: PDF
Armored Cable Market Size
Armored Cable Market size in 2023 was valued at USD 43 billion and is anticipated to grow at a CAGR of 8.1% from 2024 to 2032. The market is experiencing robust growth worldwide owing to rapid urbanization and industrialization.
The increasing focus on infrastructural projects across the world is prompting the adoption of armored cables for their superior properties. For instance, In August 2023, SubCo revealed intentions to construct a fresh domestic subsea cable linking eastern and western Australia. This upcoming 'fully armored' 5,000km cable infrastructure will feature twelve fiber pairs and utilize spatial division multiplexing (SDM) technology, aiming to provide more than 300Tbps per segment at a rate of 15Tb/kW.
Moreover, the expansion of the construction and oil & gas sectors is fuelling the need for advanced cabling solutions, further contributing to market growth. Technological advancements, such as the development of lightweight yet strong materials for armored cables, are also bolstering market expansion by offering improved performance and ease of installation.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Armored Cable Market Size in 2023: | USD 43 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 8.1% |
| 2024 – 2032 Value Projection: | USD 88.7 Billion |
| Historical Data for: | 2019 – 2023 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 534 |
| Segments covered: | Segments covered: Armor Type, Core Type, and End Users |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Armored Cable Market Scope
