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Armored Cable Market - By Armor Type (Interlocked, Continuously Corrugated Welded), By Application (Single Core, Multi-Core), By End User (Oil & Gas, Manufacturing, Mining, Construction) & Forecast, 2024 - 2032

  • 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.

Armored Cable Market

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.

Armored Cable Market Trends

The market is witnessing several notable trends in sectors including construction, oil and gas, and manufacturing, driven by increasing infrastructure development globally. Technological advancements will lead to the development of durable and efficient armored cables capable of withstanding harsh environments and offering better protection against physical damage and electrical interference. Sustainability concerns will also drive the adoption of eco-friendly materials in armored cable manufacturing processes.

Additionally, the integration of advanced features like fire resistance, moisture resistance, and enhanced flexibility is gaining prominence. The market will witness a shift towards custom-designed armored cables to meet specific industry requirements, enhancing safety and reliability in various applications. These trends will reshape the market towards innovation, sustainability, and customization to meet evolving industry demands in coming years.

Armored Cable Market Analysis

Armored Cable Market Size , By Armor Type, 2022-2032 (USD Billion)

Based on armor type, the market is segmented into interlocked and continuous corrugate welded. The interlocked segment is anticipated to exceed USD 48.5 billion by 2032 since these cables offer enhanced flexibility and durability, making them suitable for various applications across industries such as construction, automotive, and telecommunications. Additionally, the ease of installation and maintenance associated with interlocked cables will make it a preferred choice for infrastructure projects worldwide.

Armored Cable Market Revenue Share, By End Users, 2023

Based on end users, the armored cable market is segmented into oil & gas, manufacturing, mining, construction, and others. The oil & gas is anticipated to cross CAGR of 7.5% by 2032 owing to its demanding operational environments characterized by harsh conditions, including high temperatures, corrosive substances, and rugged terrains. Armored cables offer superior protection against such challenges, ensuring uninterrupted power supply and communication networks crucial for oil & gas operations.

Asia Pacific Armored Cable Market Size, 2022-2032, (USD Billion)

Asia Pacific armored cable market is anticipated to surpass USD 33.5 billion by 2032 since it encompasses rapidly developing economies with extensive infrastructure projects, construction, energy, and telecommunications sectors. The region's population growth and urbanization fuel the need for reliable electrical and data transmission systems, where armored cables offer enhanced durability and protection. The presence of key manufacturing hubs in countries like China, India, and South Korea positions Asia Pacific as a major production and export hub for armored cables, shaping global market dynamics.

Armored Cable Market Share

Company Market Share Analysis, 2023

Companies like Prysmian, Belden, and Nexans lead the market on account of their extensive experience and expertise in manufacturing high-quality cables ensure reliability and durability, meeting industry standards. These companies invest in advanced technologies for efficient production processes, allowing them to offer competitive pricing. Additionally, strong distribution networks and global presence enhance accessibility, further will solidify their market share in the armored cable sector.

Armored Cable Market Companies

  • Anixter International
  • AT&T
  • Atkore International
  • Belden Inc.
  • Furukawa Electric Co. Ltd.
  • Finolex
  • Havells
  • KEI Industries Limited
  • Leoni Cables
  • LS Cable & System Ltd.
  • NKT A/S
  • Nexans
  • Okonite Company
  • Omni Cables
  • Prysmian S.P.A
  • RR Kabel
  • Polycab
  • Riyadh Cables
  • Sumitomo Electric Industries, Ltd.
  • Southwire Company, LLC.

Armored Cable Industry News

  • In September 2021, Nexans achieved a significant milestone by acquiring Centelsa, a leading cable manufacturer based in Latin America. This strategic move marked another step forward in Nexans' ambition to consolidate its position as a dedicated player in electrification and to enhance its presence in the Latin American market.
  • In October 2022, NKT A/S started operations at a recently opened HV cable production tower in Europe. The company will start manufacturing high-voltage cables in this cutting-edge facility, with the goal of business expansion along with significant investments in the high-voltage cable industry.

Armored cable market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Tonnes” & “USD Million” from 2019 to 2032, for the following segments:

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Market, By Armor Type, 2019 – 2032 (‘000 Tonnes, USD Million)

  • Interlocked 
  • Continuously Corrugated Welded

Market, By Core Type, 2019 – 2032 (‘000 Tonnes, USD Million)

  • Single Core
  • Multi-Core

Market, By End Users, 2019 – 2032 (‘000 Tonnes, USD Million)

  • Oil & Gas
  • Manufacturing
  • Mining
  • Construction
  • Others

The above information has been provided for the following countries across the regions:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Netherlands
    • Italy
    • Spain
    • Germany
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Kuwait
    • South Africa
    • Egypt
  • Latin America
    • Brazil
    • Argentina
    • Peru


Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Armored cable market size reached USD 43 billion in 2023 and is set to grow at 8.1% CAGR till 2032, driven by rapid urbanization and industrialization.

Interlocked cable from armor type segment will exceed USD 48.5 billion by 2032, owing to their enhanced flexibility and durability.

Asia Pacific armored cable market held a decent market share in 2023 and is set to surpass USD 33.5 billion by 2032, owing to rapidly developing economies with extensive infrastructure projects, and construction.

Anixter International, AT&T, Atkore International, Belden Inc., Furukawa Electric Co. Ltd., Finolex, HELUKABEL, Havells, KEI Industries Limited among others.

Armored Cable Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 534
  • Countries covered: 22
  • Pages: 350
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