"Actionable Insights to Fuel Your Growth"

U.S. Hybrid Cables Market Size, Share & COVID-19 Impact Analysis, By Cable Type (Fiber Optic Cables, Coaxial Cables, Copper Cables, and Others), By Transmission Type (AC Power and DC Power), By Application (Onshore and Offshore), and By End-use Industry (Telecommunication, Power Transmission, Oil & Gas, Railways, Medical, and Others), and Country Forecast, 2023-2030

Region : United States | Format: PDF | Report ID: FBI108907

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The U.S. hybrid cables market size was worth USD 1.73 billion in 2022 and is projected to grow at a CAGR of 6.10% during the forecast period.


The U.S. has observed a significant rise in the demand for hybrid cables owing to the growth of a key trend in the automation industry as they combine power, control, and data cores within a single line. These cables deliver unsurpassed energy and control, meeting the needs of decentralized control systems. The strong growth in the adoption of these cables is due to their advantages, such as carrying energy/data on one or several cores and performing exceptionally well under torsion conditions.


The COVID-19 pandemic affected the U.S. economy as operations in various sectors had stopped. In the cable sector, companies faced several challenges due to decreased availability of resources and workforce. This shift reduced the demand for certain types of hybrid cables, such as those used in office networking infrastructure, as companies scaled down their operations or switched to remote setups. Many industries that utilize hybrid cables, such as telecommunication and power experienced a decline in the demand for their products during the pandemic. Reduced production and sales slowed the U.S. hybrid cables market growth.


U.S. Hybrid Cables Market Trends


Highly Flexible Hybrid Cables for Moving Applications


Hybrid technology has transformed the cable industry in the last few years, catering to the evolving needs of drive systems in moving applications. These innovative cables unite the supply and energy cores for brakes & temperature sensors, and a bus system, thereby eradicating the need for additional cables and connectors. By incorporating the bus system, digital information from the motor’s encoder is transferred back to the frequency converter seamlessly. This reduces costs and optimizes space within the system.


U.S. Hybrid Cables Market Growth Factors


Increasing Demand for Power to Drive U.S. Hybrid Cable Market


The growth in the demand for electricity is predicted to drive the development of the power generation & transmission industry. With the increase in electricity generation, the energy mix of the U.S. has evolved, especially as a clean source. The growth of the power generation & transmission industry is ultimately going to affect the hybrid cables market growth as these cables are used in various power transmission and oil & gas applications. For instance, in May 2023, the U.S. government initiated a multibillion-dollar transmission line that will generate electricity with the help of wind energy and supply it to big cities in the West from the rural plains of New Mexico.


RESTRAINING FACTORS


Higher Initial Investment in Hybrid Cables as Compared to Traditional Cables to Restrain Market Growth


One of the most significant challenges of adopting hybrid cables is their high cost as compared to the traditional cables. Fiber is a reasonably recent innovation introduced in the past forty years, so while it is popular, it is more expensive to install and operate for businesses with high operation volumes and digital data networking needs. This can be a substantial barrier to their adoption, particularly in industries where cost is an important consideration. These factors are anticipated to deter the U.S. hybrid cables market growth.


U.S. Hybrid Cables Market Segmentation Analysis


By Cable Type Analysis


Based on cable type, the market is segmented into fiber optic cables, coaxial cables, copper cables, and others.


The fiber optic cable segment held a larger market share in 2022 owing to their ability to provide the fastest speed as compared to other cables. Fiber optic cable is a data connection supported by a cable occupied with plastic fibers. These cables are similar to beams of light pulsed in a pattern when data travels through it. Its internet speed is around 20 times faster than that of the usual cables. Moreover, it is more reliable and can bear more users and even more data at consistently higher speeds.


By Transmission Type Analysis


Based on power transmission type, the market is segmented into AC power and DC power.


The DC power segment held a larger market share in 2022 owing to the fact that it is more reliable than AC power in terms of voltage supply. As DC power is more consistent than AC power, a vast number of electronics use this type of power transmission. Batteries are a key example of electronics using DC power. DC power is quite easy to understand as compared to AC power. Rather than wavering back and forth, DC provides a constant voltage or current. Similarly, in electric vehicles, a DC charger contains a converter within the charger itself, unlike AC chargers. It can provide power straight to the car’s battery and doesn’t need a charger onboard to convert it. These chargers are faster and bigger, and they are a great revolution in electric vehicles.


By Application Analysis


Based on application, the market is segmented into onshore and offshore. The onshore segment held a larger U.S. hybrid cables market share in 2022 owing to the increasing development of renewable energy infrastructure in the U.S. Onshore projects are dominating the market due to rapid developments in various sectors, including oil & gas and renewables. Companies are investing in upcoming onshore wind energy projects. For instance, RWE Renewables is making substantial progress in its renewables portfolio by investing in Baron Winds’ onshore wind farm project, the construction of which is in progress. This 121.8 megawatt (MW) project is located in New York.


By End-use Industry Analysis


Based on end-use industry, the market is segmented into telecommunication, power transmission, oil and gas, railways, medical, and others.


The telecommunication segment held a bigger market share in 2022 since hybrid networks allow data and power to be delivered using only one cable. Telecommunication is the leading segment in the market due to ease of installation as it requires less labor and resources. Moreover, it takes less time for data cable installation companies to complete their projects. Telecommunication is one of the most essential industries in the world. Hybrid cables are used in power supply systems for remote telecommunication, short-distance communication systems with power supply, and more.


List of Key U.S. Hybrid Cables Market Companies


In terms of the competitive landscape, the U.S. hybrid cables market depicts the presence of established and emerging hybrid cable manufacturing companies. Fiber optic cables dominated this market in 2022. CommScope is one of the leading companies in the market. The company's apex position is attributed to the strong sales performance of its flagship hybrid offerings, serving dual purposes in one system, and greater emphasis on the adoption of advanced tools by the company. This focus on the greater adoption of advanced technologies has allowed the company to streamline its hybrid cables, considerably improving its sales and volume shipments.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS: 



  • June 2023: Nexans, a leading company in the design and manufacturing of cable systems and services, presented a new high-voltage cable range for aircraft. The company claimed that the efficiency of these cables is higher than that of the previous generation. With this cable, Nexans has taken steps to reach the objective of carbon neutrality in the aerospace industry by 2050.

  • May 2023: Superior Essex Communications announced the expansion of its fiber optic cable manufacturing facility in Brownwood, Texas. This expansion will contribute to the growing demand for OSP fiber optic cables, hybrid cables, and drop fiber cables. This step will help Superior Essex in supporting broadband buildouts for high-speed internet.

  • March 2023: Belden played an essential role in being a leader in the global supply of network infrastructure and digital solutions by announcing the launch of its new Fault-Managed Power System (FMPS) hybrid cables. These cables are certified and designed for class 4 circuits.


REPORT COVERAGE


The report provides a detailed analysis of the market. It focuses on key aspects, such as an overview of the technological advancements, prevalence of hybrid cables in the U.S., and pricing analysis. Additionally, it includes an overview of the role of cables in the telecommunication industry, their use and installation, new product launches, key industry developments such as mergers, partnerships, & acquisitions, and the impact of COVID-19 on the market. Besides this, the report also offers insights into the latest market trends. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market in recent years.


An Infographic Representation of U.S. Hybrid Cables Market

To get information on various segments, share your queries with us



Report Scope & Segmentation



















































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 6.10% from 2023 to 2030



Unit



Value (USD Billion)



 


 


Segmentation


 


 



By Cable Type



  • Fiber Optics Cables

  • Coaxial Cables

  • Copper Cables

  • Others



By Transmission Type



  • AC Power

  • DC Power



By Application



  • Onshore

  • Offshore



By End-use Industry



  • Telecommunication

  • Power Transmission

  • Oil & Gas

  • Railways

  • Medical

  • Others



Frequently Asked Questions

Fortune Business Insights says that the U.S. market size was worth 1.73 billion in 2022.

The market is expected to record a CAGR of 6.10% during the forecast period of 2023-2030.

By cable type, fiber optic cable segment leads and accounted for a considerable share of the market.

Amphenol Antenna Solutions, Autel Europe GmbH, and Axon Cable are the top players in the market.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Jan, 2024
  • 2022
  • 2019-2021
  • 80

    CHOOSE LICENSE TYPE

  • $2850
    $3850
    $4850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X