Global cable assembly market is expected to rise to an estimated value of USD 210.8 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to the increased popularity of fiber optics.
Cable assembly market research report predicts the size of the market with respect to the information on key merchant revenues, development of the industry by upstream and downstream, industry progress, key companies, along with market segments and application. For an actionable market insight and lucrative business strategies, a faultless market research report has to be there. It also becomes easy to analyse the actions of key players and respective effect on the sales, import, export, revenue and CAGR values. This data is useful for businesses in characterizing their individual strategies.
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Key Market Competitors:
Few of the major competitors currently working in the global cable assembly market are TE Connectivity, Molex, LLC, W. L. Gore & Associates, Inc., DC Electronics, Epec, LLC., PSC Electronics, AFCI, Smiths Interconnect Inc., Minnesota Wire Company, Fischer Connectors SA, Times Microwave Systems, Carrio Cabling, Walker Component Group, Inc., Carlisle Interconnect Technologies, Cable Manufacturing & Assembly Co., Samtec, TPC Wire & Cable Corp., TMB, 3M among others.
Key Developments in the Market:
In July 2019, Amphenol Corporation introduced BoardLock Family which is a combination of 180° straight or 90° right angle pin-oriented, flanged or flangeless, wire-to-board versatility with the excellent reliability of the A Series eco-friendly thermoplastic connection system with a maximum current rating up to 25A. It will help the company to increase the customer base and share in the market
In July 2019, Amphenol Corporation made a partnership with SV Microwave which will offer a variety of millimetre wave (mmWave) and SMPx coaxial connectors and cable assemblies for robotic and automation development and production. This partnership will help the company to increase its presence in the market
Increasing adoption of EVs in China and increased focus toward the adoption of EVs by the Indian government is driving the market
Increase in the usage of automobile applications is helping to boost the market growth
Rising demand for high bandwidth communication is increasing the use of fiber optics which further help to boost the market growth
Invention of high speed cable assemblies also propel the market growth
Limited application is hindering the market growth
High cost as compared to wire harnessing is restricting the growth of the market
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Segmentation: Global Cable Assembly Market
Telecom and Datacom
Aerospace and Defense
Middle East and Africa
Global cable assembly market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cable assembly market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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