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From 2024–2031, the worldwide cables and connectors market is expected to expand from an initial valuation of 64.87 billion USD in 2023 to a total value of 90.39 billion USD in 2031, a compound annual growth rate (CAGR) of 5.76 percent.
Demand for high-speed internet and energy is expected to rise due to the increasing digitization globally. As a result, cables and connectors are expected to have strong sales in the next years. Future developments that are expected to contribute to the expansion of the market include the telecommunications industry, consumer electronics, and the introduction of sophisticated technologies such as 5G and the Internet of Things. Cables and connectors are expected to be in high demand due to factors such as the growing popularity of working from home and the increasing use of cloud-based systems.
Opportunities for companies operating in the cables and connectors market are expected to expand as a result of technological and design advancements in the industry. On the other hand, wireless technologies are expected to gain traction and modern cables and connectors can be quite pricey, which could slow down the expansion of the cables and connectors market throughout the predicted time. Cable and connector manufacturers should expect long-term opportunities to arise from the widespread adoption of digital technologies across several industries.
The demand for higher bandwidth networks is increasing across several businesses, and government attempts to expand connectivity inside the country are fueling this rise. The expansion of the cables and connectors industry is also driven by the rising number of companies allocating funds towards defense and underwater cables. In addition, the market expansion is hindered by the difficult defect detection and elimination process. In addition, the market is anticipated to benefit from the growing number of data centers worldwide and the upsurge in government programs aimed at improving connectivity in rural regions of emerging nations.
A sizeable portion throughout the projected time frame is anticipated to be attributable to the commercial category. Business and institutional reliance on reliable transmission systems is on the rise, thanks to advancements in information technology, which in turn is fueling the expansion of the cables and connectors market. The oil and gas industry, on the other hand, is poised to see the fastest CAGR throughout the projection period, because to the increased demand for reliable connectivity and the adaptability of cables and connectors.
The Asia-Pacific region held the largest share of the cables and connectors market in 2019 and is projected to continue this trend during the forecast period. Investments in energy, infrastructure, and technological development, as well as a surge in government backing in growing Asia-Pacific nations, are the main drivers of market expansion in this area. On the other hand, the IT and telecom sectors in Middle Eastern countries are driving up demand for faster and more sophisticated data transmission cables, which is projected to cause LAMEA to experience considerable growth throughout the projection period.
The necessity for better connectivity and the increase in demand for networks with higher bandwidth are the main factors propelling the cables and connectors market to develop. A potential stumbling block to the market's expansion, meanwhile, would be the intricate procedure of problem detection and error eradication. In addition, the need for dependable end-to-end connections in numerous industries, including oil and gas, manufacturing, transportation, telecommunications, and defense and aerospace, is anticipated to drive the expansion of the cables and connectors market.
An expertly crafted research report on the cables and connectors business, "Global Cables and Connectors Market Analysis to 2028" looks closely at the state of the sector on a worldwide scale. The purpose of this research is to offer a synopsis of the cables and connectors industry by breaking it down into submarkets according to installation type, end-user, geography, and product type. Throughout the projected timeframe, the worldwide market for cables and connectors is anticipated to experience robust expansion. In addition to outlining important trends and prospects in the cables and connectors industry, the research also gives crucial statistics on the market status of the top competitors in this space.
Report Coverage
Global Cables and Connector research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cables and Connector report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cables and Connector competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cables and Connector market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cables and Connector market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cables and Connector market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
TE Connectivity Ltd. (Switzerland), Panduit Corporation (USA), Legrand SA (France), Sumitomo Electric Industries, Ltd. (Japan), Amphenol Corporation (USA), Molex LLC (USA), CommScope Holding Company, Inc. (USA), Nexans S.A. (France), General Cable Technologies Corporation (USA), Furukawa Electric Co., Ltd. (Japan), Belden Inc. (USA), Prysmian Group (Italy), Amphenol RF (USA), Radiall (France), L-com Global Connectivity (USA), Hirose Electric Co., Ltd. (Japan), Corning Incorporated (USA), Huber+Suhner AG (Switzerland), Rosenberger (Germany), JAE Electronics, Inc. (Japan).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Cables and Connector market based on the below-mentioned segments:
Global Cables and Connector Market, By Product Type
Internal Cables & Connectors
External Cables & Connectors
HDMI Cable & Connectors
USB Cables & Connectors
VGA Cables & Connectors
DVI Cables & Connectors
CAT5/CAT6 Cables & Connectors
Others
Global Cables and Connector market, By Industry Vertical
Automotive
Commercial
Oil & Gas
Energy & Power
Aerospace & Defense
Others
Global Cables and Connector market, Regional Analysis
Demand for high-speed internet and energy is expected to rise due to the increasing digitization globally. As a result, cables and connectors are expected to have strong sales in the next years. Future developments that are expected to contribute to the expansion of the market include the telecommunications industry, consumer electronics, and the introduction of sophisticated technologies such as 5G and the Internet of Things. Cables and connectors are expected to be in high demand due to factors such as the growing popularity of working from home and the increasing use of cloud-based systems.
Opportunities for companies operating in the cables and connectors market are expected to expand as a result of technological and design advancements in the industry. On the other hand, wireless technologies are expected to gain traction and modern cables and connectors can be quite pricey, which could slow down the expansion of the cables and connectors market throughout the predicted time. Cable and connector manufacturers should expect long-term opportunities to arise from the widespread adoption of digital technologies across several industries.
The demand for higher bandwidth networks is increasing across several businesses, and government attempts to expand connectivity inside the country are fueling this rise. The expansion of the cables and connectors industry is also driven by the rising number of companies allocating funds towards defense and underwater cables. In addition, the market expansion is hindered by the difficult defect detection and elimination process. In addition, the market is anticipated to benefit from the growing number of data centers worldwide and the upsurge in government programs aimed at improving connectivity in rural regions of emerging nations.
A sizeable portion throughout the projected time frame is anticipated to be attributable to the commercial category. Business and institutional reliance on reliable transmission systems is on the rise, thanks to advancements in information technology, which in turn is fueling the expansion of the cables and connectors market. The oil and gas industry, on the other hand, is poised to see the fastest CAGR throughout the projection period, because to the increased demand for reliable connectivity and the adaptability of cables and connectors.
The Asia-Pacific region held the largest share of the cables and connectors market in 2019 and is projected to continue this trend during the forecast period. Investments in energy, infrastructure, and technological development, as well as a surge in government backing in growing Asia-Pacific nations, are the main drivers of market expansion in this area. On the other hand, the IT and telecom sectors in Middle Eastern countries are driving up demand for faster and more sophisticated data transmission cables, which is projected to cause LAMEA to experience considerable growth throughout the projection period.
The necessity for better connectivity and the increase in demand for networks with higher bandwidth are the main factors propelling the cables and connectors market to develop. A potential stumbling block to the market's expansion, meanwhile, would be the intricate procedure of problem detection and error eradication. In addition, the need for dependable end-to-end connections in numerous industries, including oil and gas, manufacturing, transportation, telecommunications, and defense and aerospace, is anticipated to drive the expansion of the cables and connectors market.
An expertly crafted research report on the cables and connectors business, "Global Cables and Connectors Market Analysis to 2028" looks closely at the state of the sector on a worldwide scale. The purpose of this research is to offer a synopsis of the cables and connectors industry by breaking it down into submarkets according to installation type, end-user, geography, and product type. Throughout the projected timeframe, the worldwide market for cables and connectors is anticipated to experience robust expansion. In addition to outlining important trends and prospects in the cables and connectors industry, the research also gives crucial statistics on the market status of the top competitors in this space.
Report Coverage
Global Cables and Connector research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cables and Connector report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cables and Connector competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cables and Connector market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | TE Connectivity Ltd. (Switzerland), Panduit Corporation (USA), Legrand SA (France), Sumitomo Electric Industries, Ltd. (Japan), Amphenol Corporation (USA), Molex LLC (USA), CommScope Holding Company, Inc. (USA), Nexans S.A. (France), General Cable Technologies Corporation (USA), Furukawa Electric Co., Ltd. (Japan), Belden Inc. (USA), Prysmian Group (Italy), Amphenol RF (USA), Radiall (France), L-com Global Connectivity (USA), Hirose Electric Co., Ltd. (Japan), Corning Incorporated (USA), Huber+Suhner AG (Switzerland), Rosenberger (Germany), JAE Electronics, Inc. (Japan). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Cables and Connector Market from 2021 to 2031.
- Market Forecast for Cables and Connector Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Cables and Connector competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Cables and Connector
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cables and Connector market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cables and Connector market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
TE Connectivity Ltd. (Switzerland), Panduit Corporation (USA), Legrand SA (France), Sumitomo Electric Industries, Ltd. (Japan), Amphenol Corporation (USA), Molex LLC (USA), CommScope Holding Company, Inc. (USA), Nexans S.A. (France), General Cable Technologies Corporation (USA), Furukawa Electric Co., Ltd. (Japan), Belden Inc. (USA), Prysmian Group (Italy), Amphenol RF (USA), Radiall (France), L-com Global Connectivity (USA), Hirose Electric Co., Ltd. (Japan), Corning Incorporated (USA), Huber+Suhner AG (Switzerland), Rosenberger (Germany), JAE Electronics, Inc. (Japan).
Primary Target Market
- Market Players of Cables and Connector
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Cables and Connector market based on the below-mentioned segments:
Global Cables and Connector Market, By Product Type
Internal Cables & Connectors
External Cables & Connectors
HDMI Cable & Connectors
USB Cables & Connectors
VGA Cables & Connectors
DVI Cables & Connectors
CAT5/CAT6 Cables & Connectors
Others
Global Cables and Connector market, By Industry Vertical
Automotive
Commercial
Oil & Gas
Energy & Power
Aerospace & Defense
Others
Global Cables and Connector market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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