Sensor Cable Market expanding at approximately 7.5% CAGR over the 2021-2031

According to research estimates, the Sensor Cable market is projected to grow steadily across regions, expanding at approximately 7.5% CAGR over the 2021-2031 forecast period. Smart gadgets and networked systems rely heavily on sensor technologies. They can collect critical data on vehicles and infrastructure, track biometrics and health problems, and improve productivity and safety in linked industrial environments.

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How Sensor Cables Provide Value in Automotive and Medical Industries? 

Sensor cables have always played a significant role in the automotive industry. The appeal of cables does not wane. Complex requirements and their solutions open up new possibilities, such as an ongoing development in automotive technology that helps to contribute to the industry’s long-term success.

This is because new technologies, such as electric mobility and autonomous driving advancements, cause powerful partners with reliable cable solutions. Sensor technologies are used in both automotive and non-automotive modes of transportation, such as motorcycles and e-bikes, to expand e-mobility functions and functionality such as advanced driver help and autonomous driving, electrification, and vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) communication.

In the medical end-use, sensors allow medical equipment to detect physical, chemical, and biological signals, as well as measure and record those signals. The cables communicate data identified from sensors to create X-ray, ultrasound, and endoscopic images, as well as to measure pressure, fluid levels, temperature, pulse, heart rate, and other vital indicators.

How are the Sales of Sensor Cables Expected to Grow in Forecast Period?

The performance and delivery of electrical signal and data transmissions are optimized by the cables that connect sensors. Sensors detect stimuli such as heat, light, sound, motion, gas, liquid, and other physical qualities, convert them to electrical impulses, and communicate them to a control device or instrument via specific sensing cables. Sensor technology benefits from cable solutions, which are paired with injection molding and electronics expertise.

Sensors, connectors, and cables used in demanding applications, such as those found in the military and aerospace industry, must fulfill stringent performance criteria, quality standards, and withstand severe conditions. To help reduce overall system bulk and payload in these markets, tiny, lightweight connecting items are necessary, and materials must be carefully selected to avoid off-gassing.

Sensors, sensor cables, and connectors may be subjected to additional demands in the industrial, transportation, automotive, and medical markets, which are expected to augment the product sales.

Europe Market Outlook

Despite the disruptions caused by the pandemic in Europe, sensor cables for automotive applications continue to increase, led by significant growth in the military/aerospace and commercial/industrial segments. While other industries incurred significant losses because of the COVID-19 outbreak last year, the market slowed briefly before rebounding with surprising strength.

When looking at the companies by base of origin, it’s not surprising to learn that Europe has the most sensing cable manufacturers, followed by North America. Most companies are based in Germany.

Asia-Pacific Demand Outlook

The global market value share is expected to surge to a robust extent across Asia-Pacific region. The sharp growth is attributed because of increasing product demand from industrial applications like electronics and material handling. Industrialization is expected to influence the market growth in this region.

The organic growth techniques, such as new product releases, patents, and product approvals, are adopted by the market, leading players to merge their market presence in China and India. The major businesses are concentrating on strengthening their distribution and supply chain networks, to recover losses post-pandemic.

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Who are the Key Manufacturers and Suppliers of Sensor Cable?

Some of the leading manufacturers and suppliers include:

  • TE Connectivity,
  • Pepperl+Fuchs,
  • Schneider Electric,
  • Belden Inc.,
  • TTI Inc-Berkshire Hathway,
  • Lapp Group,
  • Hans Turck GmbH & Co. KG,
  • Baumer Ltd and,
  • Beckhoff Automation.

Manufacturers are developing cables for industry specific requirements, mostly where electronic measurement, control, and automation demands are essential. Companies such as TE Connectivity manufacture customized sensing cables that withstand abrasion and frequent flexing in oil-contaminated, high-temperature automotive settings.

Belden Inc provides actuator cables which are analogue type signal cables that connect automation sensor systems to devices in tough industrial environments. Food and beverage production, machine construction, automotive, material handling, industrial robots, automation, and instrumentation all benefit from these connections.

This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Sensor Cable Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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Note: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect on the analysis.

Key Segments

By Rated Voltage:

  • Up to 5oV
  • 50V to 100V
  • 100V to 250V
  • 250V to 400V
  • Above 400v

By Connector Type:

  • Plug Type
  • Socket Type
  • Flange Type

By Jacket Type:

  • PUR
  • PVC
  • TPE
  • others

By End-Use Industry:

  • Manufacturing Industry
  • Material Handling Industry
  • Packaging Industry
  • Food & Beverages
  • Electronics Industry
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia and Pacific
    • India
    • ASEAN
    • Oceania
    • Rest of South Asia and Pacific
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa
    • Rest of MEA
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