Confronting coding challenges in the cable and wire industries
The global market for wire and cable has enjoyed significant growth in recent years. According to Big Market Research, the average annual growth rate between 2007 and 2013 was 9.5%, and the years leading to 2018 are predicted to see only a slight slowdown, to 8.8% p.a. Market Watch estimates that the value of the global cable industry will be $297 billion in 2019.
These figures are striking, but so too is the way in which the industry is adapting to changing customer requirements. Market trends in both established and emerging industries are fundamentally changing the construction of wire and cable products. Consider the automotive industry, for example: longer, more comprehensive vehicle warranties demand that insulation is more resistant to temperature extremes, chemicals and abrasion. By definition electric/hybrid vehicles contain more wiring and cabling than conventional cars and call for new approaches that meet consumers’ expectations for fuel economy and recyclability.
In almost every industry, from aviation to home entertainment, designers are packing more electronic functionality into products, with the result that wires and cables have to do more in the same – or reduced – space. Products are effectively becoming both more complex and more compact
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