DUBLIN--(BUSINESS WIRE)--The "Military Cables Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global military cable market is expected to grow from $21.68 billion in 2021 to $23.55 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The global military cable market is expected to grow from $23.55 billion in 2022 to $256.99 billion in 2026 at a compound annual growth rate (CAGR) of 81.8%.
The main types of military cables are coaxial, ribbon, and twisted pair. The coaxial cables are used for various military applications such as communications, aircraft and in-flight entertainment. The coaxial cable refers to an electrical cable that has a copper conductor, an insulator shielding, and a braided metal mesh to prevent signal interference and cross-talk. Coaxial cable is also referred to as coax.
The core copper conductor is utilized for signal transmission, while the insulator provides insulation to the copper conductor. The various types of materials used in the military cables include stainless steel alloys, aluminum alloys, copper alloys, and other materials such as nickel and silver. The military cables are mainly produced for platforms such as ground, airborne, and marine that are used in applications such as communication systems, navigation systems, military ground equipment, weapon systems, and others such as displays and accessories.
Western Europe was the largest region in the military cables market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the military cables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in military spending will propel the growth of the military cable market. Military cable assemblies and wire harnesses are those that have been designed, built, and manufactured to MIL-SPEC specifications. Military cable assemblies and wire harnesses must be built with military-specified and/or approved wire, cable, connectors, terminations, and other components. Military spending can be viewed as a function of driving forces within the context of current economic and political restrictions. Military expenditure is determined by four basic factors: security-related, technological, economic and industrial, and, more broadly, political.
For instance, in April 2022, according to the report published by Stockholm international peace research institute, Iran's military budget will rise to $24.6 billion in 2021 for the first time in four years.
Product Innovation has emerged as the key trend gaining popularity in the military cables market. Major companies operating in the military cables sector are focused on developing new technological solutions to meet customer demand and strengthen their market position. For instance, in January 2021, Carlisle Interconnect Technologies, a US-based company that manufactures high-performance wire and cable, including optical fiber has unveiled its new UTiPHASE microwave cable assembly line, a revolutionary technology that provides exceptional electrical phase stability versus temperature without sacrificing microwave performance.
UTiPHASE is appropriate for high-performance defense, space, and testing applications. The UTiPHASE series expands on CarlisleIT's acclaimed UTiFLEXR flexible coaxial microwave cable technology by combining renowned dependability and industry-leading connection captivation with a thermally phase-stable dielectric that eliminates the PTFE knee. This scenario is efficiently mitigated by UTiPHASE's™ thermally phase-stable dielectric, which flattens the phase vs. temperature response curve, lowering system phase variance and boosting accuracy.
Scope
Markets Covered:
1) By Product: Coaxial; Ribbon; Twisted Pair
2) By Conductor Material: Stainless Steel Alloys; Aluminum Alloys; Copper Alloys; Others
3) By Platform: Ground; Airborne; Marine
4) By Application: Communication Systems; Navigation Systems; Military Ground Equipment; Weapon Systems; Others
Key Topics Covered:
1. Executive Summary
2. Military Cables Market Characteristics
3. Military Cables Market Trends And Strategies
4. Impact Of COVID-19 On Military Cables
5. Military Cables Market Size And Growth
6. Military Cables Market Segmentation
7. Military Cables Market Regional And Country Analysis
8. Asia-Pacific Military Cables Market
9. China Military Cables Market
10. India Military Cables Market
11. Japan Military Cables Market
12. Australia Military Cables Market
13. Indonesia Military Cables Market
14. South Korea Military Cables Market
15. Western Europe Military Cables Market
16. UK Military Cables Market
17. Germany Military Cables Market
18. France Military Cables Market
19. Eastern Europe Military Cables Market
20. Russia Military Cables Market
21. North America Military Cables Market
22. USA Military Cables Market
23. South America Military Cables Market
24. Brazil Military Cables Market
25. Middle East Military Cables Market
26. Africa Military Cables Market
27. Military Cables Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Military Cables Market
29. Military Cables Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- Carlisle Interconnect Technologies
- Collins Aerospace
- Prysmian Group
- Nexans S.A.
- Sumitomo Electric Industries Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/zcq8x7