Telecom Cable Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Telecom Cable Industry Overview

The telecom cable market is highly competitive, dominated by established players such as Sumitomo Electric Industries, Ltd., Furukawa Electric Co. Ltd, Leoni, and Nexans. Through research and development, these players have been able to innovate the offerings that have enabled them to achieve a competitive advantage. With strategic partnerships and mergers & acquisitions, these players have gained a stronger foothold over the market.

• September 2021 - Leoni, a provider of products and solutions for energy and data management in the automotive sector and other industries, marks the official opening of its fourth plant in Serbia, Kraljevo. The site is not only a giant Leoni plant in Serbia. It also employs a significant number of people at total capacity (up to 5,000 by the end of 2023), making the company a significant private industrial employer in Serbia. Leoni has invested over 50 million EUR in building and equipment for its new production facility.
• May 2022 - One energy and Prysmian Group announced collaborating with Telstra to build a new state-of-the-art inter-capital fiber network in Australia. The national fiber network project is a multi-year project that will see Telstra build a new 'state-of-the-art inter-city dual fiber path' that adds up to 20,000 route km of new fiber optic terrestrial cable, boosting inter-capital capacity as a capacity for regional areas.