Global shielded twisted pair market size expected to grow by USD 2.8 billion by 2030
Global Shielded Twisted Pair Market was valued at USD 2.3 Billion in 2021 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 4.1%. key players; WL Gore & Associates, Hitachi Cable America Inc, SAB Bröckskes GmbH & Co. KG, Extron, Nexans, Selsor, Nihon Maruko International Group, TE Connectivity, Nikomax, Systems Wire and Cable LLC, KM Cables and Conductors, Belden, Inc, Atlas Cable Industries, BEHG Holding AG, bda Connectivity GmbH.
New York, U.S., Oct. 02, 2022 (GLOBE NEWSWIRE) — The Global Shielded Twisted Pair Market The size was valued at USD 2.3 billion in 2021 and is expected to reach USD 2.8 billion by 2030, at a CAGR of 4.1%. According to the latest research report from Spherical knowledge and advice.
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High portability is becoming more and more important in defense and military industries. Connectivity is required for autonomous robotics, as well as dismounted soldiers, rescue and recreational equipment. There is a demand for small electronic sensors, detectors, transmitters, and rugged wiring specifically designed to operate in the active battlefield with shock, vibration, and extreme environmental exposure to achieve mobile troop technology success. On the other hand, the rapid rise of the medical device industry is fueling the use of shielded twisted pairs worldwide. The growing demand for optical filters is also a major driver of the global shielded twisted pair market. Hospitals, diagnostic laboratories and imaging centers, outpatient surgery centers and clinics are major applications in the medical device industry. Diagnostic imaging, patient monitoring, cardiology, electrosurgery, dental equipment and other medical shielded twisted pairs are some applications of shielded twisted pairs. Every year, the global prevalence of chronic diseases such as cancer, arthritis, kidney disease, and cardiovascular disease is increasing, which is driving the demand for the global shielded twisted pair market.
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The COVID-19 outbreak has had a significant impact on the electronics and semiconductor industries. Due to an increase in the number of COVID-19 cases, business and manufacturing units in various countries have been closed and are expected to remain closed in 2021. In addition, the global supply chain has been affected by a partial lockdown or complete, making it difficult for manufacturers to contact customers. The COVID-19 pandemic is wreaking havoc on society and the global economy. The impact of this pandemic is spreading day by day and harming global trade. The crisis is causing uncertainty in stock markets, leading to lower business confidence, a significant slowdown in supply chains and increased panic among customer segments.
The 1 KHz-100 MHz segment accounted for the largest market share in 2020 owing to the growing demand for rugged commercial and military applications across the globe. The 1 KHz-100 MHz has multiple advantages associated with robustness, lightness, high density and shock resistance. Telecommunication segment accounted for the largest market share in 2020 due to high demand for twisted pair cables in various applications such as data transfer. Rise in smart devices and smart home is propelling the growth of the global shielded twisted pair market. The coupling with advanced technologies such as IoT, artificial intelligence, machine learning, cloud computing and others is used to secure data and collect information. North America is expected to dominate the market share of the global shielded twisted pair market due to increased internet usage in the United States and Canada has benefited from the expansion of the telecommunications industry in the region North American. New developments, such as the advent of 5G services, are prompting an increasing number of people in North America to use internet services. As a result, the twisted wire cable market in North America is expected to grow at a rapid rate. The electronics and component manufacturing industry in Latin America is expected to grow at a steady pace in the coming years.
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Browse key industry information spread over 187 pages with 119 market data tables, plus figures and charts from the report “Global Shielded Twisted Pair Market Size, Share, and Impact Analysis, By Frequency (1Khz-100Mhz, 100Mhz-500Mhz, 500Mhz-1,000Mhz), By End-Use Industry (Telecommunications, Power Generation and Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Analysis and Forecast 2021 – 2030 » in detail with the table of contents
Key companies and recent developments
The telecommunications, electronics, and component manufacturing industries are expected to grow as more consumers and low-cost raw materials become available. Over the projected period, this is expected to strengthen the twisted pair cable market. WL Gore & Associates, Hitachi Cable America Inc, SAB Bröckskes GmbH & Co. KG, Extron, Nexans, Selsor, Nihon Maruko International Group, TE Connectivity, Nikomax, Systems Wire and Cable LLC, KM Cables and Conductors, Belden, Inc, Atlas Cable Industries, BEHG Holding AG, bda Connectivity GmbH and others.
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