The interlocked armored cable industry is experiencing notable trends in 2024. There's a growing emphasis on sustainability, leading to the development of eco-friendly materials and manufacturing processes. The rise of smart infrastructure and IoT applications will fuel the demand for interlocked armored cables with enhanced data transmission capabilities, including higher bandwidth and improved electromagnetic interference shielding.
Authors:
Ankit Gupta, Utkarsh Mahajan
Frequently Asked Questions (FAQ) :
The market valuation of the interlocked armored cable was crossed USD 19.7 billion in 2023 and is anticipated to reach USD 40 billion by 2032, owing to the expanding construction industry, which in turn is driving demand for these cables in residential, commercial, and industrial projects.
Interlocked armored cable industry from the multi core segment is anticipated to cross USD 30 billion by 2032 owing to their versatility and efficiency in power transmission.
Asia Pacific interlocked armored cable market is anticipated to surpass USD 15 billion by 2032 owing to rapid urbanization and industrialization which drives the demand for infrastructure, including electricity and telecommunications.
