Press release
Cable Connectors and Adapters Market is estimated to reach a value of USD$85.75 bn by 2022.
According to a new market report published by Transparency Market Research “Cable Connectors and Adapters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2022,” The global cable connectors and adapters market is estimated to reach a value of USD$85.75 bn by 2022. The market is projected to expand at a CAGR of 9.1% during the forecast period from 2015 to 2022. The cable connectors and adapters market was valued at US$47.78 bn in 2014. The factors primarily driving the growth of the global cable connectors and adapters market are the increasing demand for high bandwidth in the IT and telecommunication industry and for transmission speed and data volume in data centers. In addition, increasing demand for mobile devices such as smartphones, tablets, and laptops is playing a significant role in the growth of the global cable connectors and adapters market. Furthermore, large-scale production and technological advancements of fiber optics is also driving the growth of the global market.Cable connectors used for external applications represents the largest segment by revenue, being valued at US$ 39.46 Bn in 2014. However, this segment is expected to see slower growth through the forecast period from 2015 to 2022 with the popularity of wireless technologies in the data sharing applications rising.Copper and fiber optics are two major raw materials used in the manufacturing of cable connectors and adapters. Cable connectors made up of copper represents the largest segment in terms of revenue. Fiber optics technology is gaining more popularity around the world due to its capacity for high bandwidth, which enables faster data transfer compared to copper connectors. The global fiber optics connectors market was valued at US$ 7.26 Bn in 2014 and is expected to expand at a CAGR of 24.3% through the forecast period from 2015 to 2022.
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On the basis of technology we have classified cable connectors and adapters into HMDI, USB, VGA, DVI, Cat5/Cat6, and others (fiber optics, firewire, etc). Cable connectors used in Ethernet connectors (i.e. cat5/cat6 cable and connectors) comprise the largest segment in terms of revenue in the overall cable connectors and adapters market, and accounted for 61.4% of the market’s revenue in 2014. The others segment, which includes fiber optics cable connectors and adapters, is expected to see the fastest growth through the forecast period with rising demand for higher-bandwidth solutions.
In terms of end-use applications, we have divided the market into three segments: cable connectors and adapters used for computer peripherals and storage devices, mobile devices (such as smartphones and tablets), and consumer electronics (such as television sets, home entertainment devices, gaming consoles, etc). Computer peripherals and storage devices is the largest application segment by revenue and was valued at US$ 39.25 Bn in 2014.
The global cable connectors and adapters market has been divided into five broad regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific dominated the global cable connectors and adapters market, accounting for 35.30% of the market in 2014. The region is also expected to see the fastest growth, with a rising number of datacenters in China, India, Australia, and Indonesia.Some of the leading players in the global cable connectors and adapters market are TE Connectivity Ltd., Amphenol Corporation, and L-Com Global Connectivity.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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