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North America Wire and Cable Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type and End Use Industry

North America Wire and Cable Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type and End Use Industry

  • October 2022
  • 93 pages
  • ID: 6362150
  • Format: PDF
  • The Insight Partners

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The wire and cable market in North America is expected to grow from US$ 27,373.43 million in 2022 to US$ 39,405.04 million by 2028. It is estimated to grow at a CAGR of 6.3% from 2022 to 2028.

Increasing Adoption of Wire and Cable in Aircraft Industry

Thin, flexible, and durable wire ropes known as aircraft wire and cable are used to maintain the electrical network installed in aircraft.Copper and stainless steel metals and alloys with high strength, long durability, and good electrical conductivity are used in the production of aircraft wire and cable.

The increased need for new aircraft and the durability and adaptability of these cables considerably boost market expansion.Moreover, commercial aircraft employ adaptable, lightweight wires and cables for the lighting and flight control systems.

During navigation and landing, high-frequency aircraft cables are used for radio data transmission and air traffic management.Therefore, aircraft cables are flame-resistant.

Moreover, in-flight entertainment applications for passengers also employ data bus wires. In addition, because of cheap plane tickets and the reduction in travel time during the past few years, more people have taken to flying. The wire and cable market is expected to grow exponentially in the upcoming years due to the existence of stringent regulations that encourage the replacement of strands regularly and an increase in the number of companies in the civil aviation industry. The need for electrification of aircraft by the civil & defense aviation industries has increased due to a growth in the aircraft industry’s contribution to air pollution and the expanding number of nations vowing to attain the level of zero carbon emission by 2050. Thus, the rising adoption of wire and cable in the aircraft industry is driving the demand for wire and cable.

Market Overview

North America hosts some of the leading technology giants and providers of cabling and connectivity solutions for industrial, commercial, and residential applications.Companies such as Carl Stahl Sava Industries, Elliott Manufacturing, and Bergen Cable Technology are providing a wide range of wires and cables for the healthcare, automotive, construction and other end use industry verticals.

Growing demands for copper cable, fiber cable and technologically advanced connectivity solutions is propelling the market growth in North America.Rising demands for wire and cables for applications such as local area networks, data centers, access control, home and building automation is encouraging the market players to design and develop innovative end-to-end copper and fiber network systems such as cable, assemblies, interconnect panels, and enclosures.

Growth in ethernet technologies that can deliver data and meet the higher performance requirements in smart buildings along with advancements in intelligent power, cooling, and airflow management for mission-critical data center operations is also bolstering the market growth in the US, Canada, and Mexico.The US is leading in high performance networking and machine connectivity in the Industrial sector.

Consumers are increasingly demanding products that provide reliability and confidence of performance for a wide range of industrial automation applications. Furthermore, the rapidly expanding communication and increasing investments in modernization of power and grid infrastructures is anticipated to stimulate the growth of wire and cables market in North America. Further, government investments in this field is further accelerating the market growth. For instance, in March 2021 the US government introduced a US $2 trillion plan for the upgradation of the nation’s infrastructure, with an aim to create the most resilient, innovative economy in the world. The plan further includes 20,000 miles of rebuilt roads, repairs to the 10 important bridges, and projects to build a more resilient electricity transmission system to achieve carbon-free electricity generation by 2035. Such initiatives are likely to provide a significant boost to the regional wire and cables market growth.

North America Wire and Cable Market Revenue and Forecast to 2028 (US$ Million)

North America Wire and Cable Market Segmentation

The North America wire and cable market is segmented into type, end use industry, and country.Based on type, the market is segmented into cable, wire, and push-pull controls.

The wire segment registered the largest market share in 2022.

Based on end use industry, the North America wire and cable market is segmented into aircraft, transportation, medical, marine, and construction. The transportation segment registered the largest market share in 2022.

Based on country, the market is segmented into US, Canada, and Mexico. US dominated the market share in 2022.

ASK Automotive Pvt. Ltd., Bergen Cable Technology, Carl Stahl Sava Industries, Elliott Manufacturing, and Lexo Cable are the leading companies operating in the wire and cable market in the region.

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