Industrial Communication Cables Market Industrial Communication Cables Market | Page 2

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Industrial communication cables market is broadly categorized into two major segments based on application
type such as process industries and discrete industries. Process industries segment is growing rapidly in the
market with substantial revenue generation in the last few years. Growing popularity of industrial
communication cables in process industries segment is attributed to implementation of advanced
communication protocols and low cost solutions.
Market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in implementation of latest technologies in
communication sector, surge in number of research & development activities in the region and existence of
well-established manufacturing infrastructure. In European region, Germany, France, and United Kingdom are
projected to witness steady growth due to the rising demand from various end-use industries such as utilities,
oil & gas industry and aerospace sector.
Asia-Pacific region is estimated to hold a major share in the industrial communication cables market with
massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific
market with strong economic growth, rapid industrialization, increasing need for high-speed data transmission,
and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the industrial communication cables market are Advantech Co., Ltd., Anixter International,
Inc., General Cable Technologies Corp., Hitachi Ltd., Nexans S.A., and Belden India Pvt., Ltd.
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