Press release
Cable Assembly Market
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Cable assembly is a collection of wires and cables banded together in a single unit. It is used to connect various types of systems and equipment to carry out its desired operation in component and finished product manufacturing. These assemblies are majorly used in industries such as automotive, computers and peripherals, telecom/datacom, military/aerospace, industrial, consumer, transportation, medical, instrumentation, business/office, and others. Factors such as increasing number of electric vehicles, increasing demand from aerospace industry, growing internet penetration across the globe are expected to drive the growth of the market.
Factors such as increasing number of electric vehicles, increasing demand from aerospace industry, and growing internet penetration across the globe are expected to drive the growth of the overall cable assembly market. Moreover, high demand for fiber optic cable assemblies is expected to provide significant opportunities in this market. However, availability of counterfeit products is expected to hinder the growth of this market.
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The overall cable assembly market is mainly categorized by product (custom/application specific assemblies, rectangular assemblies, radio frequency (rf) assemblies, circular assemblies, fiber optics assemblies, Printed Circuit Board (PCB) assemblies, and others), application (automotive, telecom, computers and peripherals, industrial, military & aerospace, medical, and others), and geography. The market consists of large number of players such as TE Connectivity Ltd, WL Gore & Associates, Epec Engineered Technologies, Delphi Connection Systems, Yazaki Corporation, Foxconn Interconnect Technology Limited, JAE Electronics, Inc., Koch Industries, Inc., and Luxshare Precision Industry Co. among others.
Custom/application specific assemblies segment is estimated to account for the largest share of the overall cable assemblies market in 2019. The largest share of this segment is mainly attributed to its better flexibility; accuracy; accountability; multiple functions; and growing demand in wide range of applications and industries, including military, automotive, and medical.
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On the basis of application, automotive application segment is estimated to account for the largest share of the global cable assemblies market in 2019. Growing demand for electric, hybrid, and fuel cell cable assemblies; next generation of charging cable assemblies for hybrid and electric vehicles; infotainment & multimedia cable assemblies; and safe cable assemblies will drive the growth of the global cable assemblies market for automotive industry.
Geographically, Asia-Pacific region, with countries such as China, Japan, and India is a strong market for cable assemblies and expected to grow with the fastest CAGR in the coming years. Factors such as growing urbanization and industrialization, increasing demand for electric vehicles, presence of large number of manufacturers, and growth in the power distribution sector are expected to drive the growth of the global cable assemblies market in this region.
TOP 10 COMPANIES IN CABLE ASSEMBLY MARKET @ https://meticulousblog.org/top-10-companies-in-cable-assembly-market/
Scope of the Report:
Market by Product
Custom/Application Specific Assemblies
Rectangular Assemblies
Radio Frequency (RF) Assemblies
Circular Assemblies
Fiber Optics Assemblies
Printed Circuit Board (PCB) Assemblies
Others
Market by Application
Automotive
Telecom
Computers and Peripherals
Industrial
Military & Aerospace
Medical
Others
Market by Geography
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe (RoE)
Asia Pacific (APAC)
China
Japan
Korea
India
Rest of APAC (RoAPAC)
Latin America
Middle East & Africa
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Automotive TIC Market by Service Type (Testing, Inspection, Certification), Sourcing (In-house and Outsourcing), Application (Vehicle Inspection, Electric Components and Electronics, OEM Testing, Telematics) and Geography - Global Forecast to 2025 @ https://meticulousblog.org/top-10-companies-in-automotive-tic-market-2/
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Mr. Khushal Bombe
Meticulous Research
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The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
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