The global cables and connector market is anticipated to grow at a CAGR of around 8.3% during the forecast period 2020 to 2027 and to reach around US$ 161.9 Bn by 2027.

Market Dynamics

Surging demand for enhance d bandwidth network from various industry verticals in order to improve the organization efficiency, coupled with rapid technological advancement in connector devices is a major factor expected to drive the growth of global market. In addition, flourishing telecommunication and IT industry in emerging economies, along with deployment of optical fiber cables in order to enhance the connectivity is another important factor expected to further support the growth of target market.

• Major players are investing high for product development activities, coupled with introduction of innovative products in order to attract new customers and enhance the profit ratio is another factor expected to further augment the growth of target market.
• In 2019, OFS launched Fortex 2DT loose tube fiber optic cable that offers improved fiber density and allows more efficient use of network pathways. This is expected to increase the customer base of the company and increase the revenue share.
• In 2019, PIC Wire & Cable launched a new 10G Ethernet connectors product line MACHFORCE in US. MACHFORCE is a D38999 style high-speed 10G data connector designed for rugged aerospace and defense applications. This is expected to help the company to enhance the product portfolio and increase the customer base.

In addition, increasing strategic merger and acquisition activities by major players in order to enhance the profit ratio is another important factor expected to further support the growth of target market.

• In 2020, TPC Wire & Cable Corp acquired EZ Form Cable Corporation this acquisition is expected to strengthen the company position as a diversified supplier of high-performance wire and cable solutions to specialized, high cost-of-failure environments.

Government of developing countries is focused on developing the present infrastructure along with its approach towards improving the connectivity in the rural areas which is expected to increase the demand for cables and connector this is expected to further support the growth of target market.

However, factors such as high complexity in fault detection and removal is a major factor expected to hamper the growth of global market. In addition, high cost and complex installation of fiber optic cables is another factor which in turn is expected to challenge the growth of target market.

Player’s inclination towards developing economies in order to increase the profit and increasing government spending on infrastructure development for better connectivity are factors expected to create new opportunities for players operating in the target market over the forecast period.

Cables and Connector Market Segment Analysis, 2019

The global cables and connector market is segmented into product, installation type, and end use. The installation type segment is further bifurcated into HDMI, USB, VGA, DVI, CAT5/CAT6, and others. Among end use the commercial segment is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to rising demand from oil & gas sector for better communication. In addition, presence of major players operating in the country and innovative product offerings are among other factors expected tp further support the growth of target market.

Asia Pacific is expected to witness faster growth in the near future owing to flourishing IT sector in the region and rising demand for better communication. In addition, players are focused on tracking the untapped market in developing counties, along with favorable business policies players are attracted towards emerging economies this is another major factor expected to further support the growth of regional market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market	Global Cables and Connector Market
Analysis Period	2016 – 2027
Base Year	2019
Forecast Data	2020 – 2027
Market Stratification	Product, Installation Type, End Use and Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 

The market research study on “Cables and Connector Market (Product: Internal Cables & Connectors and External Cables & Connectors; Installation Type: HDMI, USB, VGA, DVI, CAT5/CAT6, and Others; End Use: Automotive, Commercial, Oil & Gas, Energy & Power, Aerospace & Defense, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global cables and connector market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global cables and connector market segment by product, installation type, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global cables and connector market size and segment markets by product, installation type, end use and geography along with the information on companies operating in the market. The cables and connector market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Nexans, Prysmian S.P.A., Sumitomo Electric Wiring Systems, Inc., TE Connectivity Limited, 3M Company, Amphenol Corporation, Alcatel-Lucent, Axon Cable S.A.S., Fujitsu Ltd., and Huawei Technologies Co. Ltd.

Market Segmentation

Market By Product

• Internal Cables & Connectors
• External Cables & Connectors

Market By Installation Type

• HDMI
• USB
• VGA
• DVI
• CAT5/CAT6
• Others

Market By End Use

• Automotive
• Commercial
• Oil & Gas
• Energy & Power
• Aerospace & Defense
• Others

Market By Region

North America

• US
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe
• Asia Pacific

China

• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest if Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Meddle East & Africa

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