Rise in government initiatives to improve connectivity within the country and A surge in demand for higher bandwidth network by different industries drive the growth of the market. In addition, an increase in investment in defense & submarine cables by various organizations fuels the growth of the market. Furthermore, complex fault detection and removal process of errors hampers the market growth. Moreover, an increase in the number of data centers across the globe and A surge in government initiatives to increase connectivity in rural areas of developing economies are expected to provide lucrative opportunities for the market.
The cable & connectors market is segmented into products, installation type, industry vertical, and region. By product type, it is bifurcated into internal cables & connectors and external cables & connectors. By installation type, it is classified into HDMI, USB, VGA, DVI, CAT5/CAT6, and others. By industry vertical, the market is divided into automotive, commercial, oil & gas, energy & power, aerospace & defense and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the cable & connectors market analysis include 3M Company, Amphenol Corporation, Alcatel-Lucent (Nokia Corporation), Axon Cable S.A.S., Fujitsu Ltd., Huawei Technologies Co. Ltd., Nexans, Prysmian S.P.A., Sumitomo Electric Wiring Systems, Inc. and TE Connectivity Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the global cables & connectors market forecast along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the global cables & connectors market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2020 to 2027 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY Product Type
- Internal Cables & Connectors
- External Cables & Connectors
BY Installation Type
- HDMI
- USB
- VGA
- DVI
- CAT5/CAT6
- Others
BY Industry Vertical
- Automotive
- Commercial
- Oil & Gas
- Energy & Power
- Aerospace & Defense
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- 3M Company
- Amphenol Corporation
- Alcatel-Lucent (Nokia Corporation)
- Axon Cable S.A.S.
- Fujitsu Ltd.
- Huawei Technologies Co. Ltd.
- Nexans
- Prysmian S.P.A.
- Sumitomo Electric Wiring Systems, Inc.
- TE Connectivity Limited
Table of Contents
Executive Summary
According to the report titled, 'Cables and Connector Market by Product Type, Installation Type, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2020-2027' the global Cables and Connector Market size was valued at $86.14 billion in 2019 and is projected to reach $160.93 billion by 2027, growing at a CAGR of 8.3% from 2020 to 2027.Cables and connectors play an integral part in the integration of various systems & sub-systems among various industry verticals. The demand for reliable connectivity, high performance communicating channels, and efficiency in transferring data by various enterprises boosts the Cables and Connector Market growth. High-performance networks are essential for business, manufacturing, transportation, education, media, and security. Cables and connectors products help to ensure that data infrastructure performs flawlessly for its users at different times and multiple locations.
Advancements such as high-definition video and multi-channel audio in the IT and electronics market drives the growth of the Cables and Connector Market in this industry. Moreover, oil & gas companies are looking toward fiber optics for improving operational performance and accuracy, which is expected to provide lucrative opportunity for the market.
By product type, the global Cables and Connector Market was led by the external cables & connectors segment in 2019 and is projected to maintain its dominance during the forecast period. Rise in adoption of autonomous and connected systems in various end-user industries is boosting the growth of the market in this segment. However, the internal cables & connectors segment is expected to grow at the highest rate during the forecast period, owing to drastic advancement in networking technology and huge penetration of electronic devices across different industries such as IT & telecom, manufacturing, and automotive across the globe.
Region wise, the Cables and Connector Market was dominated by Asia-Pacific in 2019 and is expected to retain its position during the forecast period. The major factor that drives the growth of the market in this region includes rise in adoption of optic fiber cables by the manufacturing industry to sustain in harsh environment. However, LAMEA is also expected to witness significant growth rate during the forecast period owing to the rising penetration of connected devices and consumer electronics in the region.
Key Findings of the Study:
By product type, the internal cables & connectors segment is expected to attain substantial growth during the forecasted period.
By industry vertical, commercial segment generated the highest revenue in 2019.
By region, the Asia-Pacific accounted for the highest cables and connector market share in 2019.
The key players profiled in the cables and connector market analysis are 3M Company, Amphenol Corporation, Alcatel-Lucent (Nokia Corporation), Axon Cable S.A.S., Fujitsu Ltd., Huawei Technologies Co. Ltd., Nexans, Prysmian S.P.A., TE Connectivity Limited, and Sumitomo Electric Wiring Systems, Inc.. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- 3M Company
- Amphenol Corporation
- Alcatel-Lucent (Nokia Corporation)
- Axon Cable S.A.S.
- Fujitsu Ltd.
- Huawei Technologies Co. Ltd.
- Nexans
- Prysmian S.P.A.
- TE Connectivity Limited
- Sumitomo Electric Wiring Systems Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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