Industrial CT and submarine cable compound markets projected to grow

LP Information has released new market growth forecasts for two specialized industrial sectors: industrial CT inspection services and submarine cable compounds.

The industrial CT inspection services market, which utilizes X-ray technology for non-destructive 3D analysis of components, is projected to grow from approximately $562 million in 2025 to $747.51 million by 2032. This represents a compound annual growth rate (CAGR) of about 4.20%. Key drivers include demand from the aerospace, automotive, semiconductor, and new energy vehicle sectors, where complex product structures require high-precision quality control.

Simultaneously, the submarine cable compound market is expected to experience rapid expansion, with a projected CAGR of 12.05% between 2026 and 2032. The market is forecasted to rise from $156 million in 2026 to $309 million by 2032. This growth is fueled by the expansion of offshore wind power, international grid interconnections, and subsea communication networks. The industry is shifting toward high-voltage and ultra-high-voltage insulation materials that require extreme purity and long-term reliability.