Market Giant Industrial Communication Cables Market Analysis an | Page 2

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.
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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.
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Market Segment:
Market segment by Type, the product can be split into
• Copper
• Aluminum
• Aluminum Alloy
Market segment by Application, split into
• Process Industries
• Discrete Industries