According to a market report by Lucintel, the future of the global multicore silicone cable market looks promising with opportunities in the metallurgy, electricity, shipbuilding, and automotive manufacturing markets. The global multicore silicone cable market is expected to grow with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing demand for high-performance cables, expanding applications in renewable energy sector, and increasing demand for advanced electronic devices.

In this market, below 20 cores, 20 to 40 cores, and above 40 cores are the major segments of multicore silicone cable market by type.

Lucintel forecasts that 20 to 40 cores is expected to witness highest growth over the forecast period because the cables typically consist of two to four insulated conductors, allowing for the transmission of electrical signals with efficiency and reliability.

Within this market, metallurgy is expected to witness highest growth over the forecast period due to high demand for durable and reliable cables in metallurgical applications.

APAC will remain the largest region over the forecast period due to surge in demand for infrastructure development, housing, and consumer goods.

HELUKABEL, LAPP, Tasker, Mueller, Ascable-Recael, Nizing, Omerin, Prysmian, Nexans, and Furukawa are the major suppliers in the multicore silicone cable market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]