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 Assemblies, Electronic & Mechanical Connectors, and other Components.

By Classifications: HDMI, USB, VGA, DVI, CAT5/CAT6, Others.

By Industry: Military & Defense, Commercial, Civil, Government, Oil & Gas, Energy & Power, Submarine Communication, Others.

By Application: Testing, Manufacturing/Production.

Request Sample

Key Takeaways

  • Asia-Pacific dominated the market by a market share of more than 35.1% in 2020 due to the rising demand of high-speed cables and connectors along with increasing investments in infrastructure development in countries such as India and China.
  • USB cable and connector is growing at a highest CAGR of 12.9% in the forecast period owing to the increase in demand for digital data storage and the emergence of USB 3.0, 3.1 and 4.0 standards for high-speed data transfer.
  • Connectors and Cables in Automotive sector is growing at a CAGR of 13.1% in the forecast period owing to the growing applications of cables and connectors power, signal, data transfer and other application.
  • Cables and Connectors top 10 companies include Alcatel-Lucent, Amphenol Corp., Axon Cable, Esterline Technologies Corp., Fujitsu, Huawei Technologies Co. Ltd., Molex, Inc., Nexans S.A., Prysmian Group, TE Connectivity Ltd., among others.

There is a significant demand for high bandwidth in the telecom industry, cloud applications, TV-on-demand, video services, and online gaming. Wired transmission connection offers greater bandwidth, enhanced reliability & agility, and improved security in comparison to wireless communication. For instance, wired LAN offers 100Mpbs bandwidth using Ethernet technology, whereas the maximum bandwidth offered by wireless network is about 11Mbps.

Rising investments by manufacturers of cables and connectors for innovation in this segment will drive the market growth. In 2019, TE Connectivity launched its AMP+ HVA 1200 HV terminal and connector system. With the new AMP+ HVA1200 HV terminal and connector system (HVA 1200) automotive manufacturers benefitted from a high-performance interconnection system for their next-generation vehicles. In addition several companies are investing heavily for the advancements in this segment. In 2019, YAZAKI had built its first Serbian plant by investing $30 million focusing mainly on automotive cable manufacturing.

Read more @ https://www.industryarc.com/Research/Cables-And-Connectors-Market-Research-505362

Comments

Post a Comment

Popular posts from this blog

Digital Holography Market: The Next Frontier in 3D Imaging Technology

Image
 The digital holography market is poised for significant growth in the coming years, driven by advancements in technology and increasing demand in a variety of industries. Digital holography is a technology that allows for the recording, storage, and display of three-dimensional images using digital devices, as opposed to traditional holographic film. This has many applications in industries such as healthcare, security, and entertainment. The  Digital Holography market size is forecast to reach $6.8 billion by 2026, growing at a CAGR of 23% from 2021 to 2026.  One of the key drivers of growth in the digital holography market is the increasing use of technology in the healthcare industry. Digital holography is used to create detailed, three-dimensional images of internal organs and structures in the body. This is helping doctors and researchers to better understand the human body and develop new treatments for diseases. For example, digital holographic microscopy is us...
Read more

Free Blog Submission Sites List

  Free Blog Submission Sites List [High DA] What is Blog Submission? Blogging is an ongoing process as you would have to write and post the blogs regularly. You need to keep in mind while writing that your content should be informative and unique to entice more and more readers and search engines. But what do these sites do? High DA Blog Submission Sites help in making your blog visible to a huge audience. They help promote your blog; all you need to do is fill in some important information about your blog and submit them on these websites. These sites help in boosting the search engine ranking and the overall performance of your blog. Benefits of Blog Submission Sites If used correctly, then these websites can help you in various ways. Remember that you should submit your blog to High DA Blog Submission Sites and not spam blog submission sites. Here are some of the advantages of Blog Submission Sites: 1. Improves SEO- By posting blogs regularly, you can provide fresh and informati...
Read more