The global military cable market is expected to grow from $21.68 billion in 2021 to $23.55 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The global military cable market is expected to grow from $23.55 billion in 2022 to $256.99 billion in 2026 at a compound annual growth rate (CAGR) of 81.8%.
The main types of military cables are coaxial, ribbon and twisted pair. Coaxial cables are used in a variety of military applications such as communications, aircraft, and in-flight entertainment. A coaxial cable is a cable with copper strands, an insulating shield, and a braided metal mesh to prevent interference and crosstalk. Coaxial cable is also known as coaxial cable.
The copper conductor is used to carry the signal, and the insulator provides insulation to the copper conductor. Various materials used in military cables include stainless steel alloys, aluminum alloys, copper alloys, and other materials such as nickel and silver. Military cables are mainly used on land, air and sea platforms for communication systems, navigation systems, military ground equipment, weapons systems and other applications such as displays and accessories.
Western Europe will be the largest military cable market region in 2021. The Asia-Pacific region is expected to be the fastest growing region during the forecast period. The regions covered in the military cable market report include Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rising military spending will drive growth in the military cable market. Military cable assemblies and harnesses are designed, manufactured and manufactured to MIL-SPEC specifications. Military cable assemblies and harnesses must be manufactured using wires, cables, connectors, terminals and other assemblies specified and/or approved by the military. In the context of current economic and political constraints, military spending can be seen as a function of driving force. Military spending is determined by four fundamental factors: security-related, technological, economic and industrial, and broader political factors.
For example, in April 2022, according to a report published by the Stockholm International Peace Research Institute, Iran’s military budget in 2021 will rise to $24.6 billion for the first time in four years.
Product innovation has become a major trend gaining popularity in the military cable market. Large companies in the military cable industry are focused on developing new technological solutions to meet customer needs and strengthen their position in the market. For example, in January 2021, the American company Carlisle Interconnect Technologies, which manufactures high-performance wires and cables, including fiber optics, launched its new UTiPHASE microwave cable assembly line, a revolutionary technology that provides superior electrical phase stability and temperature stability without compromising microwave performance.
UTiPHASE is suitable for high performance defense, space and test applications. The UTiPHASE series expands on CarlisleIT’s highly acclaimed UTiFLEXR flexible coaxial microwave cable technology, combining renowned reliability and industry-leading connectivity with a thermally phase-stabilized dielectric that eliminates the PTFE knee point. This is effectively mitigated by the UTiPHASE™ thermal phase stabilizing dielectric, which flattens the phase versus temperature curve, reducing system phase fluctuations and improving accuracy.
4) By application: Communication systems, Navigation systems, Military ground equipment, Weapon systems, Other