Cables and Connectors Market Booming Worldwide

Cables and Connectors market is expected to reach $149.9 billion by 2026 at a CAGR of 7.8% during the forecast period 2021-2026. Increasing expenditure by the IT and telecom services to meet consumer demand drives the market growth. In addition, the growing number of fixed broadband connections over the years has enabled the growth of the market studied. According to ITU, the number of global fixed broadband subscriptions increased by 9% annually in the last five years. Moreover, growing number of data centers and increasing demand for higher bandwidth is the major driving factor behind the huge demand for cables and connectors worldwide in the forecast period 2021-2026. The rising demand for fiber optic/optical fiber and printed circuit board connectors as well as coaxial cables is set to drive the market growth. Segments Of the Cables and Connectors Market By Product Type: Internal Cables & Connectors, External Cables & Connectors. By Component: Cable & Cable...