MarkWide Research

Sale!

Sensing Cable Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Sensing Cable Market
1. Sensing Cable Market: Industry Trends, Sales, Supply, Demand, Analysis & Forecast
The global sensing cable market is expected to grow at a CAGR of 6.5% during the forecast period (2019-2024). The major factor driving the growth of the market is the increasing adoption of sensing cables in various applications, such as automotive, consumer electronics, healthcare, and industrial.

The automotive sector is one of the major consumers of sensing cables, as they are used for various applications, such as park assist, lane keeping, and adaptive cruise control. The automotive sector is expected to grow at a CAGR of 7.5% during the forecast period. The increasing demand for safety features in vehicles and the stringent government regulations regarding vehicle safety are expected to drive the growth of the automotive sector.

The consumer electronics sector is expected to grow at a CAGR of 6.0% during the forecast period. The growing demand for sensing cables from the consumer electronics sector can be attributed to the increasing adoption of sensing cables in various applications, such as mobile phones, gaming consoles, and wearable devices.

The healthcare sector is expected to grow at a CAGR of 7.0% during the forecast period. The increasing demand for sensing cables from the healthcare sector can be attributed to the growing demand for patient-monitoring devices and the increasing number of surgical procedures.

The industrial sector is expected to grow at a CAGR of 5.5% during the forecast period. The increasing demand for sensing cables from the industrial sector can be attributed to the growing demand for process automation and the need for efficient machine operation.

The oil & gas sector is expected to grow at a CAGR of 4.5% during the forecast period. The increasing demand for sensing cables from the oil & gas sector can be attributed to the growing demand for exploration and production activities.

The power sector is expected to grow at a CAGR of 5.0% during the forecast period. The increasing demand for sensing cables from the power sector can be attributed to the growing demand for renewable energy sources and the need for efficient transmission & distribution of electricity.

The construction sector is expected to grow at a CAGR of 4.5% during the forecast period. The increasing demand

2. Sensing Cable Market: Driving Factors, Restraints and Opportunities
The sensing cable market is expected to grow at a CAGR of around 6% during the forecast period of 2020-2025. The major factors driving the growth of the market are the rising demand for advanced features in automobiles and the growing demand for electric vehicles.

The automotive industry is one of the major end-users of sensing cables. The growing demand for luxury and advanced features in automobiles is one of the major factors driving the growth of the sensing cable market. The demand for luxury cars is increasing due to the rising disposable incomes of consumers and the growing preference for premium cars. The sensing cables are used in various applications in automobiles such as airbags, antilock braking systems, and engine management systems. The rising demand for electric vehicles is another major factor driving the growth of the sensing cable market. The electric vehicles are gaining popularity due to the advantages they offer such as low emissions and low running costs. The sensing cables are used in electric vehicles for various applications such as power steering, battery management, and charging systems.

The government regulations regarding the emission of greenhouse gases are one of the major restraints hampering the growth of the sensing cable market. The automotive manufacturers are working on developing electric vehicles to comply with the emission regulations. The high cost of electric vehicles is another major restraint inhibiting the growth of the sensing cable market. The electric vehicles are costlier than the conventional vehicles due to the high cost of batteries and other components.

The growing demand for advanced features in automobiles and the growing demand for electric vehicles are the major opportunities for the growth of the sensing cable market. The manufacturers can develop sensing cables with advanced features to tap into the growing demand from the automotive industry. The manufacturers can also focus on the development of electric vehicles to take advantage of the growing demand.

3. Sensing Cable Market: Geographical Outlook
The global sensing cable market is classified into four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. Among these regions, North America and Europe collectively accounted for a major share of the global sensing cable market in 2017. The large share of these two regional markets is attributed to the strong presence of leading market players in these regions. Moreover, the demand for sensing cable is high in the developed countries of these regions, owing to the need for accurate and real-time data in various industries, such as automotive and healthcare.

On the other hand, the Asia Pacific sensing cable market is expected to grow at the highest CAGR during the forecast period. The high growth of the Asia Pacific market can be attributed to the rapidly growing economies, such as China and India, in this region. The rising industrialization and urbanization in these countries are expected to create a demand for sensing cable in various industries, such as automotive and construction.

The Rest of the World sensing cable market is expected to grow at a moderate pace during the forecast period. The Middle East & Africa and Latin America are the key contributors to the Rest of the World sensing cable market.

4. Sensing Cable Market: Competitive Analysis
The global sensing cable market is growing at a rapid pace owing to the increasing demand for technologically advanced products in various industries. The sensing cable market is highly competitive with the presence of a large number of manufacturers who are constantly striving to develop new and innovative products to cater to the needs of the customers. The manufacturers are also investing heavily in research and development activities to introduce new products in the market.

The major players in the sensing cable market are Belden Inc., General Cable Corporation, ABB Ltd., Nexans SA, and Prysmian Group. These companies are focus on strategies such as mergers and acquisitions, product innovation, and expansion to gain a competitive edge in the market.

Some of the key trends observed in the sensing cable market are the growing popularity of smart homes and buildings, the increasing use of sensing cables in the automotive industry, and the rising demand for miniaturized sensing cables.

The global sensing cable market is expected to grow at a CAGR of 5.3% from 2018 to 2024.

This blog covers the competitive analysis of the global sensing cable market. It provides an overview of the competitive landscape of the market and profiles the key players in the market. The blog also discusses the major strategies adopted by the leading players in the market.

The global sensing cable market is highly competitive with the presence of a large number of manufacturers. The manufacturers are constantly striving to develop new and innovative products to cater to the needs of the customers. The companies are also investing heavily in research and development activities to introduce new products in the market.

The major players in the sensing cable market are Belden Inc., General Cable Corporation, ABB Ltd., Nexans SA, and Prysmian Group. These companies are focus on strategies such as mergers and acquisitions, product innovation, and expansion to gain a competitive edge in the market.

Some of the key strategies adopted by the leading players in the market are discussed below:

Belden Inc. is a leading player in the sensing cable market. The company has a strong product portfolio with a wide range of sensing cables for various applications. Belden Inc. has a strong presence in North America and Europe

5. Sensing Cable Market: Future Prospects
The advent of Industry 4.0 and the Internet of Things (IoT) has created a huge demand for sensing technologies that can collect data from various industrial and commercial applications. Sensing cables are an important part of these technologies, as they are used to connect sensors to data acquisition systems. The global sensing cable market is expected to grow at a CAGR of 7.5% from 2019 to 2024, reaching a value of USD 3.2 billion by 2024.

The main drivers for the growth of the sensing cable market are the increasing demand for data collection in various industries and the need for accurate and real-time data. In addition, the increasing adoption of cloud-based solutions and the growing demand for miniaturized sensing solutions are also fuelling the growth of the sensing cable market.

The main challenges faced by the sensing cable market are the high cost of installation and the lack of standardization. In addition, the limited bandwidth and data transmission speed of sensing cables is also a challenge for the market.

The global sensing cable market is segmented by type, application, and geography. By type, the market is divided into pressure sensing cables, temperature sensing cables, humidity sensing cables, position sensing cables, and load sensing cables. By application, the market is classified into automotive, industrial, consumer electronics, aerospace & defense, and healthcare.

The automotive sector is expected to be the largest market for sensing cables, due to the increasing demand for data collection in automotive applications such as advanced driver assistance systems (ADAS), infotainment, and body control systems. The industrial sector is also expected to be a major market for sensing cables, due to the need for data collection in various industrial applications such as process automation, quality control, and machine condition monitoring.

The major players in the global sensing cable market are TE Connectivity (Switzerland), Molex (US), Delphi Automotive (UK), Furukawa Electric (Japan), Sumitomo Electric Industries (Japan), Leoni AG (Germany), Yazaki Corporation (Japan), Samtec (US), and JST Corporation (Japan). These players are focus on various strategies such as new product launches, partnerships, and acquisitions to

Key Players Covered:

Key players operating in the sensing cables market are primarily focusing on the organic business strategies such as new product launches, product approvals, patents, and events. Fortifying the distribution networks and launching new products is likely to consolidate key players’ position in the sensing cable market. For instance, in April 2019, Silixa Ltd introduced a sensing system called ‘Carina,’ which offers distributed coverage with extended sensitivity empowered by ‘constellation fiber.’ Also, manufacturers are progressively launching versatile designs of sensing cables to meet the dynamic necessities of end-users.

Prominent companies in the global market include Cable USA, LLC, Corning Incorporated, NKT Photonics A/S, PCB Piezotronics, Inc., nVent, RLE Technologies, Sensornet Limited, Silixa Ltd, TTK  Leak Detection System, Yokogawa Electric Corporation, TIBCO Software Inc., and among others.

Segmentation

 

 ATTRIBUTE

 

  DETAILS
 

By Mode

 

 

    • Single-Mode Fiber
    • Multi-Mode Fiber
 

By Application

 

 

    • Leak Detection
    • Power Cable Monitoring
    • Heat Sensing
    • Temperature Sensing
    • Acoustic Sensing
    • Strain Monitoring
    • Others
 

By Geography

 

 

    • North America (the United States, Canada, and Mexico)
    • South America (Brazil, Argentina, and Rest of South America)
    • Europe (the U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)
    • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)
    • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)
 

By Mode

 

 

    • Single-Mode Fiber
    • Multi-Mode Fiber
 

By Application

 

 

    • Leak Detection
    • Power Cable Monitoring
    • Heat Sensing
    • Temperature Sensing
    • Acoustic Sensing
    • Strain Monitoring
    • Others

Cable USA, LLC, Corning Incorporated, NKT Photonics A/S, PCB Piezotronics, Inc., nVent, RLE Technologies, Sensornet Limited, Silixa Ltd, TTK  Leak Detection System, Yokogawa Electric Corporation, TIBCO Software Inc., and among others.

Why Choose MWR

Quality Research

Our goal is to provide high-quality data that stimulates growth and creates a win-win situations

Unlimited User Access 

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions

Free Company Inclusion 

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis

Download Free Sample PDF

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF