Press release
Demand for Higher Bandwidth Driving Cable Connectors and Adapters Market; Market to Reach US$85.75 bn by 2022
Out of the many factors driving the market, some of the noteworthy ones include the rising demand for high bandwidth in the information technology and telecommunications industries and for high data volumes and transmission speeds in data centers. Additionally, the mounting use of mobile devices such as smartphones, tablet computer and laptops, and technological advancements in the field of fiber optics are also significantly driving the market.
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On the basis of type, the market is segmented into connectors and adapters for internal applications and external applications. Of these, the segment of external applications accounted for US$39.46 bn in 2014. However, as the popularity of wireless technologies rises, this segment is expected to see growth as a slower pace over the report’s forecast period.On the basis of the material used to manufacture cable connectors and adapters, the market is segmented into copper cables and fiber optics. In terms of revenue, the segment of copper cables leads the market currently. However, as the demand for high bandwidth rises, the segment of fiber optics technology is expected to gain renewed and more popularity.
On the basis of technology, the segment of cat5/cat6 cable connectors and adapters, used in Ethernet connectors, accounted for over 61.4% of the market in 2014. Over the report’s forecast period, the section of fiber optics cable connectors and adapters is projected to expand at the fastest pace owing to the rising demand for high bandwidth solutions.Of the key applications areas of cable connectors and adapters examined, the section of computer peripherals and storage devices led the market in terms of revenue, and had a valuation of US$39.25 bn in 2014.
Of the key regional markets studied, Asia Pacific led the global market for cable connectors and adapters in 2014 by accounting for a 35.30% share. The region is also expected to grow at the fastest pace over the report’s forecast period as the number of datacenters rises in India, Australia, China, and Indonesia.Some of the key devices manufacturers in the global cable connectors and adapters market are Dell Inc., Western Digital Corporation, Hewlett-Packard Development Company, IBM Corporation, Toshiba Corporation, EMC Corp., LG Corp, Seagate Technology PLC, Fujitsu Ltd, Microsoft Corp, Lenovo Group Ltd, ASUSTeK Computer Inc., Acer Inc., and Samsung Electronics.
Some of the key original equipment manufacturers in the market are Belden Inc., Amphenol Corp, L-Com Global Connectivity, BizLink, LS Cable & System Ltd., General Cable Corp, Nexans S.A., Southwire Company Inc., and TE Connectivity Ltd.
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