Firewire Cables Market Trends and Research Insights by 2027Firewire Cables: Introduction
Firewire cables are largely used to connect devices that have integrated firewire ports. Firewire is an I/O interface standard designed by Apple, Inc. to provide high data transfer speeds.
Firewire cables is a part of the quickest serial technology designed for connecting a computer to a peripheral device or for connecting devices with one another by using a particular cable design assembly
Various firewire cable design assemblies available in the market are: 4-pin to 4-pin, 4-pin to 6-pin, 4-pin to 9-pin, 6-pin to 6-pin, 9-pin to 9-pin, and 9-pin to 6-pin. These design assemblies are used to connect external hard drives, computer monitors, DVD decoders, and digital camcorders.
Furthermore, firewire cables are capable of providing data transfer at a rate as high as that offered by a USB 2.0 cable. This advantage of firewire cables over USB cables also offers a reliable, simple, and economical connection.
Firewire cables are also known as IEEE 1394 cable, DV cable, and I. Link cable
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Key Drivers of Global Firewire Cables Market
Growing use of consumer electronics devices such as cameras, scanners, laptops, and memory storage devices worldwide is a key factor driving the adoption of firewire cables during the forecast period
Consumer Electronics Segment to Witness Significant Growth
Among end-use industries, the global firewire cables market can be segmented into automotive, industrial, consumer electronics, data/communications, and medical devices
The consumer electronics segment is expected to witness significant growth during the forecast period, owing to high adoption of firewire cables in multiple applications such as camcorders, scanners, printers, DVD players, set-top boxes, computer monitors, audio video receivers, hard drives, and audio recording devices
Owing to the above-mentioned factors, the consumer electronics segment is likely to witness significant growth during the forecast period
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Asia Pacific to Hold a Major Share of Global Firewire Cables Market
In terms of region, the global firewire cables market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
The firewire cables market in Asia Pacific is expected to expand at the maximum CAGR during the forecast period. This growth can be attributed to presence of a large number of cable manufacturers and continuously rising demand for consumer electronics devices in the region.
The firewire cables market in North America and Europe is likely to witness stagnant growth between 2019 and 2027. The market in Middle East & Africa and South America is estimated to witness sluggish growth during the forecast period.
Key Players Operating in Global Firewire Cables Market
The global firewire cables market was highly fragmented in 2018, with a large number of manufacturers accounting for a major market share. Prominent players operating in the global market are focusing on designing of more advanced products in order to meet the rising demand for firewire cables in the consumer electronics industry. Moreover, manufacturers are increasing their investments in research and development activities for the development of more user-friendly and reliable products with high data transfer capacity.
Key players operating in the global firewire cables market are:
Phoenix Contact (I) Pvt. Ltd.
CnC Tech, LLC
Luxshare Precision Industry Co., Ltd.
TE Connectivity Ltd.
Cables Direct Limited
Johnson Components and Equipment Co., Ltd
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