Resources
About Us
Cable Assembly Market by Product Type (Rectangular, Coaxial, Fiber Optic, Power, Modular, FFC/FPC, Telephone), End-use Equipment (Computers & Peripheral, Medical, Industrial, Automotive, Transportation, Telecom, Datacom), Geography - Global Forecast to 2031
Report ID: MRSE - 104264 Pages: 210 Mar-2024 Formats*: PDF Category: Semiconductor and Electronics Delivery: 24 to 48 Hours Download Free Sample ReportThe growth of this market is driven by the increasing demand from the aerospace industry and growing internet penetration across the globe. Additionally, the expansion of telecommunications infrastructure, the increasing demand for custom cable assemblies, the growing number of electric vehicles, and the increasing adoption of data centers are expected to create market growth opportunities. However, competition from wireless technologies may restrain the growth of this market. The availability of counterfeit products is a major challenge for the players operating in this market.
Additionally, the miniaturization of cable assemblies and the high adoption of Industry 4.0 technologies are the key trends in the cable assembly market.
Data exists and is connected across multiple data centers, the edge, and public and private clouds. Hence, data centers must be able to communicate across these multiple sites, both on-premises and on the cloud. A data center is a facility used to house computer systems and associated components, including telecommunications and storage systems. The key components of a data center include routers, switches, firewalls, storage systems, servers, and application-delivery controllers. Cable assemblies are the backbone of data centers as they help connect various components, including servers, switches, routers, storage devices, and networking equipment. Cable assemblies are crucial for preventing equipment overheating and ensuring optimal performance within data centers. They help maintain a neat and organized layout, maximizing the available space and airflow for efficient cooling. They also provide the necessary pathways for data transmission that provide seamless communication between different systems and help minimize signal interference and transmission errors.
Some of the cable assemblies used in data centers include rectangular cable assemblies, fiber optic cable assemblies, power cable assemblies, and modular cable assemblies. Fiber optic cable assemblies are most commonly used in data centers for high-speed data transmission over long distances. Power cable assemblies and custom cable assemblies, including those with fire-resistant coating, provide reliable power distribution throughout the facility and help meet specific safety and regulatory requirements within data centers. All such factors, along with the growing need to meet the demands of modern digital operations and the increasing need to ensure efficient connectivity, reliability, and performance within these facilities, are further supporting the overall market growth in the coming years.
Some of the developments in this market space are as follows:
Click here to: Get Free Sample Pages of this Report
Based on product type, the global cable assembly market is broadly segmented into rectangular cable assemblies, radio frequency (RF)/coaxial cable assemblies, ribbon cable assemblies, fiber optic cable assemblies, power cable assemblies, custom cable assemblies, circular cable assemblies, barrel connector cable assemblies, video cable assemblies, USB cable assemblies, modular cable assemblies, FFC / FPC jumper cable assemblies, pre-crimped leads assemblies, printed circuit board (PCB) assemblies, telephone cables assemblies, and other product types. In 2024, the rectangular cable assemblies segment is expected to account for the largest share of the global cable assembly market. The large market share of this segment is attributed to the growing connectivity requirements and increasing use of rectangular cable within vehicles, industrial automation systems, machinery, and equipment for transmitting power, signals, and data between different components.
However, the fiber optic cable assemblies segment is projected to register the highest CAGR during the forecast period due to the increasing demand for high-speed internet and data-intensive applications, growing need to interconnect servers & data storage systems within data center facilities, increasing use of fiber optic cables in data centers, industrial automation systems for connecting sensors, actuators, and controllers, growing applications of fiber optics in broadcast and audiovisual systems, telecommunications networks for long-distance transmission, and enterprise networks to support high-speed LAN connections, interconnect multiple office locations, and provide connectivity.
Based on end-use equipment, the global cable assembly market is broadly segmented into computers & peripheral equipment, business & office equipment, medical equipment, instrumentation equipment, industrial equipment, automotive equipment, power equipment, transportation electronics equipment, military & aerospace equipment, telecom equipment, datacom equipment, consumer electronic equipment, and other equipment. In 2024, the automotive equipment segment is expected to account for the largest share of the global cable assembly market. The large market share of this segment is attributed to the rising demand for electric vehicles, increasing electrification of vehicles, increasing need to create wiring harnesses that organize and route electrical wires and cables within the vehicles, and growing integration of ADAS technologies and in-vehicle infotainment (IVI) systems.
However, the datacom equipment segment is projected to register the highest CAGR during the forecast period due to the growing use of fiber optic cables to support high-speed data transmission and enable efficient interconnection between different data center components, expansion of data center facilities to accommodate growing data storage and processing needs, increasing use of cable assemblies in structured cabling systems to create reliable connections between network devices, and increasing deployment of ethernet networking solutions.
Based on geography, the global cable assembly market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to register the highest CAGR during the forecast period due to rapid industrialization and urbanization, increasing digitization, growth of electronics manufacturing in countries including China, Japan, and South Korea, expansion of the automotive industry, increasing adoption of data centers, growing investments in telecommunications infrastructure and information technology services, and increasing need to support high-speed data transmission, ensure reliable connectivity, and enable various technological advancements across different industries and sectors in the region.
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by the leading market participants in the cable assembly market in the last three to four years. The key players profiled in the cable assembly market report are TE Connectivity Ltd. (Switzerland), Amphenol Corporation (U.S.), Molex, LLC (U.S.), 3M (U.S.), Lapp Group (Germany), Eland Cables Limited (“Eland Cables”) (U.K.), Flux Connectivity Inc. (Canada), Fischer Connectors SA (Switzerland), CommScope, Inc. (U.S.), Rosenberger Hochfrequenztechnik GmbH & Co. KG. (Germany), Samtec (U.S.), HARTING Technology Group (Germany), Smiths Interconnect Group Limited (U.S.), Carlisle Interconnect Technologies (U.S.), and W. L. Gore & Associates, Inc. (U.S.).
Particular |
Details |
Number of Pages |
210 |
Format |
|
Forecast Period |
2024-2031 |
Base Year |
2023 |
CAGR |
6.3% |
Estimated Market Size (Value) |
$299.2 billion by 2031 |
Segments Covered |
By Product Type
By End-use Equipment
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Latin America and Middle East & Africa |
Key Companies |
TE Connectivity Ltd. (Switzerland), Amphenol Corporation (U.S.), Molex, LLC (U.S.), 3M (U.S.), Lapp Group (Germany), Eland Cables Limited (“Eland Cables”) (U.K.), Flux Connectivity Inc. (Canada), Fischer Connectors SA (Switzerland), CommScope, Inc. (U.S.), Rosenberger Hochfrequenztechnik GmbH & Co. KG. (Germany), Samtec (U.S.), HARTING Technology Group (Germany), Smiths Interconnect Group Limited (U.S.), Carlisle Interconnect Technologies (U.S.), and W. L. Gore & Associates, Inc. (U.S.). |
The global cable assembly market is projected to reach $299.2 billion by 2031, at a CAGR of 6.3% during the forecast period.
Factors such as the increasing demand from the aerospace industry and growing internet penetration worldwide are driving the growth of this market.
The key players operating in the cable assembly market are TE Connectivity Ltd. (Switzerland), Amphenol Corporation (U.S.), Molex, LLC (U.S.), 3M (U.S.), Lapp Group (Germany), Eland Cables Limited (“Eland Cables”) (U.K.), Flux Connectivity Inc. (Canada), Fischer Connectors SA (Switzerland), CommScope, Inc. (U.S.), Rosenberger Hochfrequenztechnik GmbH & Co. KG. (Germany), Samtec (U.S.), HARTING Technology Group (Germany), Smiths Interconnect Group Limited (U.S.), Carlisle Interconnect Technologies (U.S.), and W. L. Gore & Associates, Inc. (U.S.).
The availability of counterfeit products is a major challenge for the players operating in this market.
The majority of the players are adopting partnerships, collaborations, and agreements strategies to strengthen their product portfolios and enhance their geographic reach in the cable assembly market.
Published Date: Jul-2024
Published Date: Apr-2022
Please enter your corporate email id here to view sample report.
Subscribe to get the latest industry updates