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IT Telecommunication Wires and Cables Market Size, By Product (Ethernet Cables, Fiber Optic Cables, Coaxial Cables, Power Cables, USB Cables, HDMI and Display Port Cables), By Voltage, By Installation, By Application, By Enterprise, Forecast 2024 - 2032

  • Report ID: GMI9970
  • Published Date: Jun 2024
  • Report Format: PDF

IT Telecommunication Wires and Cables Market Size

IT Telecommunication Wires and Cables Market was valued at USD 33.7 billion in 2023 and is anticipated to grow at a CAGR of over 8% between 2024 and 2032. The growing digitization of both the personal and professional spheres is driving the need for high-speed internet.

IT Telecommunication Wires and Cables Market

Faster and more dependable internet infrastructure is becoming necessary as activities, such as streaming services, online learning, and remote work, depend on stable internet connections. Businesses require high-speed internet to facilitate cloud computing, data transfer, and digital communication. Consumers also demand uninterrupted connectivity when it comes to online gaming, video conferencing, and smart home technology. The development and implementation of cutting-edge communication lines and cables, such as fiber optic cables, which provide high bandwidth and low latency, are being accelerated by this increase in demand. Investments in broadband infrastructure are essential to satisfy these expanding connectivity demands and promote economic growth.

The market for communication wires and cables is significantly driven by the development of 5G networks. 5G technology offers improved connectivity, reduced latency, and faster data rates for a variety of devices, including industrial equipment, smartphones, and Internet of Things devices. Fiber optic cables, a dense network of tiny cells, and sophisticated transmission infrastructure are needed to enable 5G adoption.


This calls for a significant investment in communication cables that can manage higher data loads and offer dependable connectivity. The transition to 5G also spurs advancements in cable technology to guarantee reliable networks and effective data transfer. The need for high-performance telecommunication infrastructure will further increase as 5G becomes more widely used, driving market expansion.

A major obstacle in the market for communications wires and cables is the high cost of installation and maintenance. Large-scale cable deployment, particularly with fiber optics, necessitates a significant financial outlay for manpower, supplies, and technology. Installing cables requires putting them on poles or underground, which is an expensive and labor-intensive process. These networks also require routine upgrades, repairs, and inspections to guarantee peak performance, increasing the cost of maintenance. The exorbitant expenses may be challenging for startups and slow down the swift development of infrastructure, especially in isolated or impoverished regions. This can have an adverse effect on the general proliferation and availability of high-speed internet and cutting-edge communication services.

IT Telecommunication Wires and Cables Market Trends

Fiber optic cables are leading the way in the telecommunications wires and cables market due to their improved data transfer capability. Fiber optics are crucial for meeting the growing demand for high-speed internet and the development of 5G networks as they provide greater bandwidth, quicker speeds, and lower latency than conventional copper lines. Governments and businesses are making significant investments in fiber optic infrastructure to fulfil the expanding demands of both rural and urban areas.

Supporting cutting-edge technologies, such as the Internet of Things and smart city projects, which call for dependable and highly capacious communication networks, are driving this development. For instance, in October 2023, Google Fiber announced its expansion into Mesa, Arizona, reflecting the increasing adoption of fiber optic technology. This move aimed to provide residents with ultra-fast internet speeds, demonstrating the growing industry trend of transitioning from traditional copper to advanced fiber optic infrastructure.

The need for cutting-edge communications infrastructure, such as high-performance wires and cables, is being driven by smart city efforts. These projects seek to improve urban living through the integration of IoT devices, smart grids, and intelligent transportation systems all of which require strong and dependable communication networks. Widespread fiber optic cable deployment is required for the adoption of smart city technologies to guarantee uninterrupted connectivity and real-time data transmission. Governments and municipalities throughout the world are investing in smart city initiatives to enhance urban management, energy efficiency, and quality of life, driving the demand for telecom wires and cables.

IT Telecommunication Wires and Cables Market Analysis

Global IT Telecommunication Wires and Cables Market Size, By Voltage, 2022-2032 (USD Billion)

Based on voltage, the market is divided into low voltage, medium voltage, high voltage, and extra high voltage. The medium voltage segment expected to grow rapidly and is expected to reach over 20 billion by 2032.

  • Electrical voltage levels that normally fall between 1 kV (1,000 volts) and 35 kV (35,000 volts) are referred to as Medium Voltage (MV). Electricity is distributed to industrial, commercial, and residential consumers from substations using this voltage range. Effectively distributing electrical power over modest distances while reducing energy losses and preserving system dependability requires the use of MV systems.
  • Large commercial buildings, industrial operations, and power distribution networks are among the applications for medium voltage. Medium Voltage (MV) cables and equipment, including transformers and switchgear, are made to handle these voltages safely and effectively to provide a steady and dependable power supply for a range of applications and to assist in bridging the gap between high voltage transmission lines and low voltage end-user circuits.
IT Telecommunication Wires and Cables Market Share, By Installation , 2023

Based on installation, the IT telecommunication wires and cables market is divided into overhead, underground, and submarine. The underground segment is the fastest growing with a CAGR of over 10% between 2024 and 2032.


  • In the subterranean portion of the telecommunication and power distribution markets, cables and infrastructure are installed beneath the surface of the ground. Among the many benefits of this technology is that it protects against environmental elements such as wind, ice, and storms, which can harm overhead power cables.
  • Subterranean cables are less likely to sustain unintentional damage from cars or wildlife, and they also lessen visual pollution. These cables are essential in cities with limited space and high aesthetic standards. For longevity, insulation, and ease of maintenance, the subterranean installation calls for certain methods and supplies.
China IT Telecommunication Wires and Cables Market Size, 2022-2032 (USD Billion)

Asia Pacific dominated the global IT telecommunication wires and cables market in 2023, accounting for a share of over 37%. China plays a pivotal role in the global telecommunication wires and cables market due to its expansive manufacturing capabilities and growing infrastructure projects. In response to growing efforts toward digitization and smart city development, the nation is rapidly growing its fiber optic networks to facilitate the rollout of 5G and high-speed internet.

China's large-scale production and substantial investments in technology developments allow it to efficiently supply both domestic and international markets. Furthermore, the Chinese government's emphasis on improving its telecom infrastructure to foster technical innovations and economic progress solidifies its position as a major participant in the telecommunications wires and cables sector.

The IT telecommunication wires and cables market is dominated by the U.S. due to large investments in 5G infrastructure and high-speed internet. Growth is fueled by the nation's strong demand for advanced connectivity solutions and its robust technical innovations. Upgrading current networks and increasing broadband access are the main goals of government programs and large American corporations.

Japan is well known for its cutting-edge technology and creativity in the market for cables and telecommunication wires. The nation places a strong emphasis on high-speed, high-quality internet infrastructure to support its tech-savvy industry and populace. The need for cutting-edge cables and communication solutions is fueled by Japan's emphasis on 5G deployment and smart city initiatives.

South Korea is a leader in telecommunications, known for its rapid adoption of cutting-edge technologies and extensive 5G network deployment. The country invests significantly in advanced telecommunication infrastructure to support its highly connected society and tech-driven economy. South Korean companies are at the forefront of innovation, producing high-performance telecommunication wires and cables.

IT Telecommunication Wires and Cables Market Share

Prysmian S.p.A and Southwire Company LLC hold a significant share of over 8% in the IT telecommunication wires and cables industry. Prysmian S.p.A is a global leader in the production of energy and telecom cables and systems. The company specializes in fiber optic cables for telecommunications as well as high-tech cables for energy distribution and transmission. It provides services to a variety of industries such as infrastructure, construction, and telecommunications. The company is a significant contributor to the advancement of energy efficiency and worldwide connection owing to its wide range of products and dedication to sustainability and innovation.


Southwire Company LLC is a leading manufacturer of electrical and utility wire and cable. It offers a wide range of goods such as industrial power cables, utility cables, and building wire. The company is well known for its dedication to quality, innovation, and sustainability. To satisfy the expanding demands of the worldwide electrical industry, Southwire, which serves a variety of industries, including OEM, utilities, and construction, focuses on creating effective and eco-friendly solutions.

IT Telecommunication Wires and Cables Market Companies

Major players operating in the IT telecommunication wires and cables industry are:

  • American Wire Group
  • Belden Incorporated
  • CommScope Holding Company Inc.
  • Corning Incorporated
  • Nexans
  • Prysmian S.p.A
  • Southwire Company LLC

IT Telecommunication Wires and Cables News

  • In October 2023, Prysmian Group completed the acquisition of General Cable Corporation, a major player in the wire and cable industry. This strategic acquisition aimed to strengthen Prysmian's position in the North America market and expand its portfolio of telecommunication wires and cables. The merger combined Prysmian's expertise in fiber optics and high-voltage cables with General Cable's strong presence in power transmission and industrial applications, enhancing the company's capabilities to meet growing global demand for advanced connectivity solutions.
  • In February 2023, Nexans announced the launch of a new range of fiber optic cables designed specifically for 5G networks. The new cables were developed to meet the increasing demand for high-speed and reliable connectivity in urban and rural areas. Nexans highlighted that these cables would support the rollout of 5G technology, enabling faster data transmission and enhancing network capacity. The launch highlighted Nexans' commitment to innovations in telecommunication infrastructure and its efforts to address the evolving needs of telecommunications operators worldwide.

The IT telecommunication wires and cables market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2021 to 2032, for the following segments:

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Market, By Product, 2021 - 2032

  • Ethernet cables
  • Fiber optic cables
  • Coaxial cables
  • Power cables
  • USB cables
  • HDMI and Display Port cables
  • Others

Market, By Voltage, 2021 - 2032

  • Low voltage
  • Medium voltage
  • High voltage
  • Extra high voltage

Market, By Installation, 2021 - 2032

  • Overhead
  • Underground
  • Submarine

Market, By Application, 2021 - 2032

  • Data transmission
  • Power and connectivity

Market, By Enterprise, 2021 - 2032

  • Large enterprise
  • SMEs

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA


Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The IT telecommunication wires and cables market was valued at USD 33.7 billion in 2023 and is anticipated to grow at over 8% CAGR between 2024 and 2032 owing to the advancements in fiber optic technology.

The medium voltage segment in the market is expected to reach over 20 billion by 2032 as electricity is distributed to industrial, commercial, and residential consumers from substations using this voltage range.

Asia Pacific IT telecommunication wires and cables market accounted for over 37% share in 2023 due to its expansive manufacturing capabilities and growing infrastructure projects.

American Wire Group, Belden Incorporated, CommScope Holding Company Inc., Corning Incorporated, Nexans, Prysmian S.p.A, and Southwire Company LLC

IT Telecommunication Wires and Cables Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 305
  • Countries covered: 21
  • Pages: 210
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