Top 10 Companies in Cables Market | Market Reports World

Cables Market Overview

According to recent research conducted by Market Reports World, The global cables market size is estimated at USD 156316.35 million in 2026 and expected to rise to USD 234309.325 million by 2035, experiencing a CAGR of 4.6% during the forecast from 2026 to 2035.

The global cables market continues to expand due to rapid digitalization, industrial automation, renewable energy projects, and rising telecommunication infrastructure investments across more than 190 countries. In 2025, over 5.4 billion internet users worldwide increased demand for fiber optic cables, power cables, and communication cables. More than 68% of urban infrastructure projects now require high-capacity cable systems for data transfer and electricity transmission. The automotive sector alone utilized over 320 million kilometers of wiring harnesses in electric vehicle manufacturing during 2024. Additionally, submarine cable installations surpassed 1.6 million kilometers globally, supporting international data traffic that exceeded 5 zettabytes annually. Growing smart city projects, 5G deployment across 140+ nations, and renewable energy grid expansion continue driving substantial demand in the cables market.

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The cables market is witnessing intense competition driven by infrastructure modernization, renewable power expansion, and increasing broadband penetration. More than 72% of telecom operators globally upgraded network capacity between 2023 and 2025, increasing fiber cable deployment significantly. Around 860 offshore wind projects worldwide now rely heavily on high-voltage submarine cable systems. Industrial automation installations exceeded 4.1 million robotic units globally, creating additional demand for durable industrial cables and control wiring systems. In addition, approximately 79% of data centers commissioned in 2024 implemented advanced fiber optic cabling to support cloud computing and AI processing. Countries including China, India, Germany, Japan, and the United States collectively accounted for over 61% of global cable consumption, making regional business intelligence essential for strategic market expansion.

Top 5 Trends in the Cables Market

1. Rising Demand for Fiber Optic Cables

Fiber optic cables are becoming the backbone of global communication infrastructure. In 2025, global fiber broadband subscriptions crossed 1.5 billion connections, with Asia-Pacific accounting for nearly 64% of total installations. More than 9 million kilometers of fiber optic cables were deployed worldwide in a single year to support high-speed internet, cloud computing, and AI-driven applications. Telecom operators increased 5G base station installations to over 7.8 million units globally, significantly boosting optical cable demand. Data centers also consumed approximately 38% more optical connectivity products compared to 2023. Fiber optic adoption in smart manufacturing facilities increased by 42%, while healthcare institutions expanded high-speed cable connectivity across more than 22,000 hospitals globally.

2. Expansion of Renewable Energy Infrastructure

Renewable energy projects are creating strong demand for high-voltage and submarine cables. In 2024, offshore wind capacity exceeded 75 gigawatts globally, requiring over 210,000 kilometers of specialized submarine cables. Solar power installations surpassed 1.8 terawatts worldwide, increasing demand for DC cables and transmission systems. Europe alone added more than 31,000 kilometers of underground power cables to connect renewable energy facilities to urban grids. High-voltage direct current cable systems expanded by approximately 18% in major energy corridors. In addition, over 420 battery energy storage projects globally required advanced cable systems capable of operating above 150 kilovolts. These developments continue transforming the power transmission segment of the cables market.

3. Growth of Electric Vehicles and Automotive Wiring

Electric vehicle production reached approximately 17 million units globally in 2024, creating substantial demand for automotive cables and wiring harnesses. A single electric vehicle requires nearly 5 kilometers of wiring compared to around 2 kilometers in conventional vehicles. Automotive cable manufacturers increased production capacity by 28% to meet growing battery management system requirements. High-voltage cables operating above 600 volts are now widely integrated into EV charging infrastructure, with over 4 million public charging stations installed worldwide. Additionally, autonomous vehicle development increased sensor cable demand by nearly 35%, while lightweight aluminum cable adoption grew by 22% to improve vehicle efficiency and reduce weight.

4. Increasing Underground and Submarine Cable Installations

Urbanization and environmental concerns are accelerating underground cable deployment. More than 57% of new power transmission projects in developed economies now utilize underground cable systems instead of overhead transmission lines. Global submarine internet cables surpassed 570 active systems, carrying over 99% of international data traffic. In 2025, approximately 160 new subsea cable projects were under development worldwide. Urban smart grid projects added nearly 96,000 kilometers of underground distribution cables globally. Additionally, metropolitan transportation systems across 48 countries implemented advanced underground cable infrastructure to support electrified rail networks, metro systems, and intelligent transportation systems.

5. Adoption of Smart and Fire-Resistant Cables

Industrial safety regulations are increasing demand for smart and fire-resistant cables. More than 70% of newly constructed commercial buildings globally now require low-smoke zero-halogen cable systems. Fire-resistant cable demand increased by 33% in industrial facilities, airports, hospitals, and tunnels. Smart cable systems equipped with temperature monitoring and fault detection technologies were deployed in over 12,000 manufacturing facilities worldwide. Oil and gas projects operating in extreme environments also increased adoption of flame-retardant cables by approximately 27%. In addition, mining operations across Australia, South Africa, and Canada implemented advanced armored cable systems to improve operational safety and reduce downtime.

Regional Growth and Demand

North America

North America remains one of the largest contributors to the cables market due to high investments in telecommunications, renewable energy, and electric vehicle infrastructure. The United States installed over 95,000 new telecom towers between 2022 and 2025, significantly increasing fiber optic cable demand. More than 82% of households in the region now have access to broadband connectivity exceeding 100 Mbps speeds. Renewable energy transmission projects added approximately 44,000 kilometers of high-voltage cables across the United States and Canada. Electric vehicle sales surpassed 3.5 million units in the region during 2024, increasing automotive cable consumption substantially. Data center construction also accelerated, with over 5,000 operational facilities requiring advanced fiber connectivity and power cable systems. In addition, the aerospace and defense sector consumed nearly 11% of specialized industrial cable production in North America. Smart grid modernization projects across 38 U.S. states further expanded demand for underground transmission cables and intelligent monitoring systems.

Europe

Europe represents a technologically advanced cables market driven by renewable energy expansion and industrial automation. Germany, France, Italy, and the United Kingdom collectively accounted for more than 48% of regional cable consumption in 2025. Offshore wind farms in the North Sea required over 82,000 kilometers of submarine power cables for energy transmission. More than 76% of European urban rail systems now rely on underground cable infrastructure. Fiber optic broadband penetration exceeded 69% across the European Union, increasing deployment of high-capacity communication cables. The automotive sector manufactured approximately 15 million vehicles annually, creating strong demand for automotive wiring harnesses and battery cables. Additionally, industrial robotics installations crossed 780,000 active units in European factories. Countries such as Norway and Sweden expanded underground power transmission projects to improve energy efficiency and reduce environmental impact. Fire-resistant cable adoption also increased significantly due to strict safety regulations in commercial and public infrastructure projects.

Asia-Pacific

Asia-Pacific dominates the cables market due to large-scale manufacturing, rapid urbanization, and expanding digital infrastructure. China alone installed more than 4.2 million 5G base stations by early 2025, driving massive fiber optic cable demand. India added over 350,000 telecom towers and expanded broadband connectivity to more than 950 million internet users. Japan and South Korea continued leading advanced semiconductor and robotics industries, increasing demand for precision industrial cables. Renewable energy projects across Asia-Pacific added approximately 510 gigawatts of solar and wind capacity over the past five years, requiring extensive transmission cable networks. Electric vehicle production exceeded 10 million units annually in China, substantially boosting automotive cable manufacturing. Additionally, Southeast Asian nations invested heavily in submarine cable systems connecting digital economies across the region. Urban metro rail projects in cities such as Bangkok, Jakarta, Delhi, and Manila also accelerated underground cable deployment. Industrial production hubs across Asia-Pacific accounted for nearly 58% of global cable manufacturing output.

Middle East & Africa

The Middle East & Africa cables market is growing steadily due to infrastructure development, energy projects, and expanding telecommunications networks. Gulf countries invested heavily in smart city initiatives, adding over 28,000 kilometers of underground power cables across urban infrastructure projects. Saudi Arabia and the United Arab Emirates collectively installed more than 19 gigawatts of solar energy capacity, increasing demand for photovoltaic cables and grid transmission systems. Africa experienced rapid broadband expansion, with internet penetration surpassing 43% across the continent in 2025. More than 110 submarine cable landing stations now support African digital connectivity. Mining operations in South Africa, Zambia, and the Democratic Republic of Congo significantly increased demand for heavy-duty industrial cables. Oil and gas projects in the Middle East also expanded use of flame-resistant and corrosion-resistant cable systems. In addition, railway electrification projects across Egypt, Morocco, and the Gulf region required thousands of kilometers of specialized railway cables and signaling systems.

Top Companies in the Cables Market

• Prysmian
• HTGD
• Furukawa
• Corning
• YOFC
• Futong
• Fujikura
• Sumitomo
• Tongding
• CommScope

Top Companies Profile and Overview

Prysmian

Headquarters: Milan, Italy

Prysmian is one of the leading players in the global cables market with operations in more than 50 countries and over 100 manufacturing facilities worldwide. The company specializes in power cables, fiber optic cables, submarine cables, and industrial cable systems. Prysmian manufactures high-voltage cable systems exceeding 525 kilovolts for offshore wind farms and large-scale power transmission projects. The company supplies over 30,000 kilometers of submarine cables annually for energy and telecommunications infrastructure. Prysmian also plays a major role in smart grid modernization and renewable energy integration across Europe and North America. Its advanced R&D centers focus on sustainable cable materials, fire-resistant technologies, and high-capacity fiber optic solutions for next-generation communication networks.

HTGD

Headquarters: China

HTGD is a major Chinese cable manufacturer known for optical fiber and telecommunication cable production. The company operates multiple production facilities with annual optical fiber output exceeding 40 million fiber kilometers. HTGD supplies fiber optic solutions for broadband expansion, data centers, and 5G network infrastructure projects across Asia-Pacific and international markets. The company’s products are widely used in smart city projects, industrial communication systems, and cloud computing facilities. HTGD has expanded investments in low-loss optical transmission technology to support rising data traffic volumes. The company also manufactures specialized industrial cables designed for harsh environmental conditions, including mining, transportation, and power distribution applications.

Furukawa

Headquarters: Tokyo, Japan

Furukawa is a global leader in telecommunications and industrial cable solutions with more than 130 years of manufacturing experience. The company produces fiber optic cables, automotive wiring systems, and energy transmission cables for global markets. Furukawa supplies optical communication systems capable of supporting transmission speeds above 400 gigabits per second. The company also manufactures lightweight automotive harnesses that reduce vehicle weight by approximately 15%. Furukawa has expanded production capacity for electric vehicle battery cables and charging infrastructure components. Its products are widely used in rail transportation, industrial robotics, and renewable energy projects. The company maintains advanced research facilities focused on ultra-low attenuation optical fiber technologies.

Corning

Headquarters: New York, United States

Corning is recognized globally for its advanced optical fiber and connectivity technologies. The company manufactures millions of kilometers of optical fiber annually for telecommunications, enterprise networking, and hyperscale data centers. Corning’s fiber optic solutions support more than 70% of long-distance communication networks in several developed markets. The company also supplies high-density cable systems for cloud computing and AI data centers requiring ultra-fast data transmission. Corning has invested heavily in bend-insensitive fiber technologies that improve installation flexibility in urban broadband infrastructure. In addition, the company develops durable cable solutions for harsh industrial environments, transportation systems, and military communication applications.

YOFC

Headquarters: Wuhan, China

YOFC is among the world’s largest optical fiber and cable manufacturers, serving telecommunications operators across more than 90 countries. The company produces optical fiber, submarine communication cables, and integrated broadband connectivity solutions. YOFC manufactures over 100 million fiber kilometers annually and plays a key role in China’s broadband expansion initiatives. The company supplies advanced optical products for 5G backhaul networks, cloud computing infrastructure, and smart manufacturing facilities. YOFC has also expanded investments in multicore fiber technology to increase transmission capacity and reduce signal loss. Its products are widely deployed in metropolitan communication systems and international submarine cable projects.

Futong

Headquarters: Hangzhou, China

Futong specializes in optical communication products, industrial cables, and integrated network solutions. The company operates large-scale manufacturing plants producing fiber optic cables, copper communication cables, and power transmission products. Futong supports broadband infrastructure development across Asia, Europe, and Africa. The company manufactures high-performance optical cables designed for transmission distances exceeding 2,000 kilometers without major signal degradation. Futong also supplies industrial cable systems for transportation, energy, and manufacturing sectors. In recent years, the company expanded investments in smart factory technologies and automated cable production systems to improve manufacturing precision and efficiency.

Fujikura

Headquarters: Tokyo, Japan

Fujikura is a leading Japanese cable manufacturer known for advanced optical communication systems and automotive wiring technologies. The company produces fiber optic cables, fusion splicers, electronic components, and energy transmission systems. Fujikura’s optical fiber technologies support high-capacity data transmission across telecom and cloud infrastructure projects. The company supplies automotive wiring systems for electric vehicles, hybrid vehicles, and autonomous driving technologies. Fujikura also manufactures superconducting cable systems for advanced energy transmission applications. Its products are widely used in aerospace, railway infrastructure, and industrial automation sectors requiring precision connectivity solutions.

Sumitomo

Headquarters: Osaka, Japan

Sumitomo is a diversified technology company with strong operations in the cables market, particularly in optical fiber, automotive wiring, and high-voltage power transmission. The company manufactures optical fibers with transmission losses below 0.17 decibels per kilometer, supporting ultra-long-distance communication systems. Sumitomo supplies advanced wiring harnesses for millions of vehicles annually, including electric and hybrid vehicles. The company also produces submarine cable systems for offshore energy projects and intercontinental telecommunications infrastructure. Sumitomo invests heavily in environmentally sustainable manufacturing and recyclable cable materials to reduce industrial waste and energy consumption.

Tongding

Headquarters: China

Tongding is a rapidly growing cable manufacturer focused on optical communication, power transmission, and smart infrastructure applications. The company supplies optical fiber cables for broadband networks, data centers, and 5G communication systems. Tongding operates multiple manufacturing facilities with automated production technologies capable of producing millions of cable kilometers annually. The company’s industrial cable products are widely used in transportation systems, energy projects, and urban smart grid developments. Tongding also invests in research related to intelligent monitoring cables equipped with real-time temperature and fault detection systems for infrastructure safety improvement.

CommScope

Headquarters: North Carolina, United States

CommScope is a major provider of communication network infrastructure and fiber optic cable systems. The company manufactures broadband connectivity products, wireless communication systems, and enterprise networking solutions. CommScope supports telecommunications operators, hyperscale data centers, and smart city infrastructure projects across more than 100 countries. The company’s structured cabling systems are widely used in commercial buildings, industrial campuses, and educational institutions. CommScope also develops advanced fiber solutions capable of supporting next-generation AI data processing and cloud networking applications. Its products play a critical role in expanding global broadband access and improving digital connectivity infrastructure.

Conclusion

The cables market continues to evolve rapidly due to increasing demand for renewable energy, digital communication infrastructure, electric vehicles, and industrial automation systems. More than 80% of global internet traffic now depends on fiber optic and submarine cable networks, highlighting the importance of advanced cable technologies in modern economies. Urbanization projects, smart grids, and data center expansion are expected to sustain strong demand for power cables, optical fibers, and industrial connectivity solutions. Leading companies including Prysmian, Corning, Fujikura, YOFC, and CommScope continue investing in advanced manufacturing technologies, sustainable materials, and high-capacity transmission systems. As industries adopt AI, cloud computing, and electrification technologies, the cables market will remain a critical component supporting global infrastructure modernization and digital transformation.