KEY MARKET INSIGHTS

The 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, at a CAGR of 4.1%. Twisted pair cables assist in the transmission of data and signals to the desired location. As a result, twisted-pair cables can be used in a wide range of automated industrial processes. As a result, the market for twisted pair cables is predicted to rise at a faster rate over the forecast period due to manufacturers' increased preference for automated procedures. In the telecommunications industry, twisted-pair cables are widely utilised. The growing population has generated a market for electronic equipment sales. Because of the rise in internet usage in many countries, the telecommunications business is also expanding at a rapid pace. In the near future, the market for twisted-pair cables is projected to be driven by the rise of these industries.
 

In the global manufacturing sector, industrial automation is gaining traction. Chemical, food and beverage, equipment manufacturing, and pharmaceutical companies, among others, are putting a lot of effort into using automated technology like control systems, computers, and robotics to boost efficiencies and eliminate manual errors. In these automated technologies, twisted pair cables are utilized to carry data and signals between operations. Twisted-pair cables are made up of two conductors from a single circuit that are twisted together to increase efficiency. The twisted-pair cables are made in accordance with the Telecommunications Industry Association and the International Standard Organization's specifications.
 

COVID-19 Analysis

The global shielded twisted pair market is negatively impacted with the outbreak of COVID-19. The outbreak's consequences and impact are expected to intensify in the coming months as the virus spreads. Several governments of few countries are considering national-level lockdowns as a viable means of controlling viral transmission. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. Shipments of raw materials, as well as revenue produced have fallen. Furthermore, insufficient raw material supply will limit the rate of shielded twisted pair, influencing the management of the shielded twisted pair supply chain. The Airports Council International (ACI) has cautioned that the COVID-19 outbreak's protracted length will have a substantial impact on the region's airport connectivity and economic sustainability, limiting the region's ability to achieve previously estimated growth possibilities. This chain of occurrences is expected to have a negative influence on the growth of the shielded twisted pair market in the future years.
 

LATEST TREND

Increasing Number of Power Transmission Lines to Propel Demand for Shielded Twisted Pair

The key driving factor for this market is the rising need for electricity transmission lines across developing economies. The use of optical filters in communication services has increased due to low pricing and a growing demand for uninterrupted services, particularly in remote locations where other service providers are difficult to access; this will further fuel the market's expansion during the forecast period. Aforementioned factors are boosting the sales of the global shielded twisted pair market.
 

DRIVING FACTORS

Surging Urbanization and Industrialization Across Developed Countries

Expanding urbanization and industrialization, as well as increased power generation capacity, are all driving expansion in this market. Rising urbanization and digitalization across emerging countries is creating demand of uninsulated conductor. High performance gigabit processing speeds at low voltages are required to enable mass amounts of data to be handled. Due to these factors, the global shielded twisted pair market is growing.
 

Growing Demand of Miniaturization of Electronic Equipment

The increased demand for miniaturized electronic components is attributable to technological advancements that meet the growing demand for compact consumer electronics. The automotive and consumer electronics are the two industries which is getting benefitted majorly from the miniaturization of electronic equipment. The multifunctional power along with supply voltages for the components is provided by the shielded twisted pairs. In addition to the space requirements of the application, the costs also play a crucial role for the growth of the global shielded twisted pair market.
 

RESTRAINTS

Lack of Standardization May Hinder the Market Growth

One of the main problems limiting market growth is the lack of standardization of different filters. Despite these constraints, growing economies offer shielded twisted pairs market players a plethora of fresh sales opportunities for future expansion is limiting the growth of the global shielded twisted pair market.
 

SEGMENTATION

The global shielded twisted pair market is segmented by Frequency (1 KHz-100 MHz, 100 MHz-500 MHz, 500 MHz-1,000 MHz), by End-Use Industry (Telecommunication, Power Generation & Others) and region. Based on the Frequency, the market is categorized into 1 KHz-100 MHz, 100 MHz-500 MHz, 500 MHz-1,000 MHz. Based on application, the market is categorized into telecommunication, power generation & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
 

Frequency Insights

Based on the Frequency segment, the global shielded twisted pair market is categorized into 1 KHz-100 MHz, 100 MHz-500 MHz and 500 MHz-1,000 MHz. The 1 KHz-100 MHz segment accounted largest market share in 2020 due to the growing demand for commercial applications and rugged military across the world. The 1 KHz-100 MHz has multiple benefits coupled with robustness, lightweight, high density, and shock resistance.
 

End-Use Industry Insights

Based on the application segment, the global shielded twisted pair market is categorized into Telecommunication, Power Generation & others. The telecommunication segment accounted largest market share in 2020 due to the high demand for twisted pair cables in various applications such as data transfer. Increasing smart devices and smart home is propelling the growth of the global shielded twisted pair market. Coupling with advance technologies including IoT, artificial intelligence, machine learning, cloud computing and others are used to secure data and collect information.
 

REGIONAL INSIGHTS

The global shielded twisted pair market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is expected to dominate the market share of global shielded twisted pair market owing to the increased use of the internet in the United States and Canada has benefited the telecom industry's expansion in the North American region. New developments, such as the advent of 5G services, are drawing an increasing number of people in North America to use internet services. As a result, the twisted wire cables market in North America is predicted to rise at a rapid pace. Latin America's electronics and component manufacturing industry is predicted to grow at a healthy pace in the future years. However, Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. Twisted pair cable sales in signal transfer applications are likely to increase significantly in the next years, owing to the growth of power generation. The Asia Pacific region has a lot of room for expansion in the telecom, electronics, and component manufacturing industries. The telecom and electronics and component manufacturing industries are predicted to increase as more consumers and low-cost raw materials become available. Over the projected period, this is expected to strengthen the market for twisted-pair cables.
 

KEY INDUSTRY

• W.L. 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
• K.M. Cables and Conductors
• Belden, Inc.
• Atlas Cable Industries
• BEHG Holding AG
• bda Connectivity GmbH
• Others

KEY INDUSTRY DEVELOPMENTS:

In July 2019- Analog Devices Inc. has announced that it has developed a car camera link technology for the vehicle users. The company has used unshielded twisted pair cables in the technology and is offering the technology under the brand name C²B™
 

In July 2019- Extron announced its launch of a new product twisted pair HDMI receiver. The company will offer the product under the brand name DTP2 R 211 HDCP 2.2
 

LIST OF KEY COMPANIES PROFILED:

• W.L. Gore & Associates
• SAB Bröckskes GmbH & Co. KG
• Nexans
• Nihon Maruko International Group
• TE Connectivity
• Systems Wire and Cable LLC
• K.M. Cables and Conductors
• Belden, Inc.
• Atlas Cable Industries
• bda Connectivity GmbH

SEGMENTATION

By Frequency

• 1 KHz-100 MHz
• 100 MHz-500 MHz
• 500 MHz-1,000 MHz

By End-Use Industry

• Telecommunication
• Power Generation
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia