The global communication and energy wire and cable market, a
part of the electrical and electronics manufacturing industry, grew at a
compound annual growth rate (CAGR) of around 3% during the historic period. The
growth is Increasing Use Of Polymer Optic Fiber. Polymer optic fiber is widely
being used in automotive, aircraft manufacturing, electronics and other
industries apart from telecommunications industry
In the forecast period, the global communication and energy
wire and cable market size is expected to be over $390 billion by 2021, growing
at a CAGR of nearly 3%. This is expected due to rising demand for fire
resistant cables in the communication and energy wire and cable industries
globally. Furthermore, rising population, increasing fire resistant cables
production capacities, and increasing per capita incomes are expected to drive
the global communication and energy wire and cable market in the future.
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One of the major reasons for growth of the market is rapid
increase in the demand for miniature connectors in industries such as mobile
technology, aerospace, defense and medical equipment to enhance connectivity
and minimize space in electrical and electronic devices. Miniature connectors’
also known as micro connectors include subminiature, micro miniature and
ultra-micro miniature connectors. Major companies in the communication and
energy wire and cable market, offering miniature connectors include Sumitomo
Electric Industries Ltd, Prysmian Group And Furukawa Electric Industries Ltd.
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