- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2023
Cables & connectors, along with cable assemblies, play a vital role in the integration mechanism of different systems and subsystems. The demand for reliable connectivity, high performance, and efficiency are boosting the growth of the cables & connectors market. Cables and connectors products help to ensure that data infrastructure performs flawlessly for its users at different times and multiple locations. They are used in diverse industries such as oil & gas, military & defense, energy & power, commercial, and others (civil, government and submarine communication). Global cables & connectors market is expected to grow at a CAGR of 11.1% from 2017 to 2023.
Based on installation, the market is bifurcated into internal and external cables & connectors. By product type, it is classified into HDMI, USB, VGA, DVI, CAT5/CAT6 cables & connector, and others. Based on the industry, it is segmented into military & defense, oil & gas, commercial, energy & power, and others (civil, government and submarine communication). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth in data centers is expected to create numerous opportunities in the cables & connectors market.
The demand for reliable connectivity, high performance, and efficiency boosts the market growth.
Complex fault detection and removal process restrains the market growth.
Top market players profiled in the report are Amphenol Corporation, Molex Inc., Fujitsu Ltd., TE Connectivity Limited, Prysmian S.P.A., 3M Company, Nexans, Huawei Technologies Co. Ltd., Alcatel-Lucent (Nokia Corporation), and Axon Cable S.A.S.
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