Press release
Cables and Connectors Market Size to Hit US$ 126.2 Billion by 2027, at a CAGR of 5.22%
Cables refer to electric conductors that are utilized for transmitting electrical power and communication signals. They are characterized by excellent tensile strength and resistance to moisture and heat. On the other hand, connectors are electro-mechanical gadgets that are embedded with jacks and plugs to assist in electrical transmission. They are collectively deployed in consumer electronic goods and industrial machinery to transfer data and ensure high-end connectivity.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Cables and Connectors Market Trends:
The global market is majorly driven by continual technological advancements in the telecommunication sector. Moreover, the widespread establishment of data centers on the global level to improve communication networks across rural areas are also contributing to the market growth. Along with this, increasing government investments in smart grid projects to upgrade power transmission processes is also creating an impetus to market growth. Some of the other factors creating a positive outlook for the market include significant growth in the information technology (IT) sector and extensive research and development activities conducted by key players.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cables and connectors market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on product type, installation type and vertical.
Breakup by Product Type:
Internal Cables and Connectors
External Cables and Connectors
Breakup by Installation Type:
HDMI
USB
VGA
DVI
CAT5/CAT6
Others
Breakup by Vertical:
Automotive
Commercial
Oil and Gas
Energy and Power
Aerospace and Defense
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
3M Company
Amphenol Corporation
Axon' Cable
Fujitsu Limited
Huawei Technologies Co. Ltd
Molex LLC (Koch Industries Inc)
Nexans
Prysmian S.p.A.
Sumitomo Electric Wiring Systems Inc.
TE Connectivity.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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