The Cable Assembly Market is projected to reach $299.2 billion by 2031, at a CAGR of 6.3% during the forecast period 2024–2031. The 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:
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In 2024, the Rectangular Cable Assemblies Segment is Expected to Dominate the Cable Assembly Market
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.
In 2024, the Automotive Equipment Segment is Expected to Dominate the Cable Assembly Market
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.
Asia-Pacific to be the Fastest Growing Regional Market
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.
Key Players
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.).
Report Summary:
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Particular |
Details |
|
Number of Pages |
210 |
|
Format |
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Forecast Period |
2024-2031 |
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Base Year |
2023 |
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CAGR |
6.3% |
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Estimated Market Size (Value) |
$299.2 billion by 2031 |
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Segments Covered |
By Product Type
By End-use Equipment
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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.). |
Key questions answered in the report:
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.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1 Market Definition & Scope
1.2 Market Ecosystem
1.3 Currency & Limitations
1.4 Key Stakeholders
2. Research Methodology
2.1 Research Approach
2.2 Data Collection & Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Assessment
2.3.1 Market Size Estimation
2.3.2 Bottom-up Approach
2.3.3 Top-down Approach
2.3.4 Growth Forecast
2.4 Assumptions for the Study
3. Executive Summary
3.1 Market Overview
3.2 Market Analysis, by Product Type
3.3 Market Analysis, by End-use Equipment
3.4 Market Analysis, by Geography
3.5 Competitive Analysis
4. Market Insights
4.1 Overview
4.2 Factors Affecting Market Growth
4.2.1 Drivers
4.2.1.1 Increasing Demand from the Aerospace Industry
4.2.1.2 Growing Internet Penetration Across the Globe
4.2.2 Restraints
4.2.2.1 Competition from Wireless Technologies
4.2.3 Opportunities
4.2.3.1 Expansion of Telecommunications Infrastructure
4.2.3.2 Increasing Demand for Custom Cable Assemblies
4.2.3.3 Growing Number of Electric Vehicles
4.2.3.4 Increasing Adoption of Data Centers
4.2.4 Challenges
4.2.4.1 Availability of Counterfeit Products
4.2.5 Trend
4.2.5.1 Miniaturization of Cable Assemblies
4.2.5.2 High Adoption of Industry 4.0 Technologies
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of Substitutes
4.3.4 Threat of New Entrants
4.3.5 Degree of Competition
5. Cable Assembly Market Assessment—by Product Type
5.1 Overview
5.2 Rectangular Cable Assemblies
5.3 Radio Frequency (RF)/Coaxial Cable Assemblies
5.4 Ribbon Cable Assemblies
5.5 Fiber Optic Cable Assemblies
5.6 Power Cable Assemblies
5.7 Custom Cable Assemblies
5.8 Circular Cable Assemblies
5.9 Barrel Connector Cable Assemblies
5.10 Video Cable Assemblies
5.11 USB Cable Assemblies
5.12 Modular Cable Assemblies
5.13 FFC/FPC Jumper Cable Assemblies
5.14 Pre-Crimped Leads Cable Assemblies
5.15 Printed Circuit Board (PCB) Assemblies
5.16 Telephone Cable Assemblies
5.17 Other Product Types
6. Cable Assembly Market Assessment—by End-use Equipment
6.1 Overview
6.2 Computers & Peripheral Equipment
6.3 Business & Office Equipment
6.4 Medical Equipment
6.5 Instrumentation Equipment
6.6 Industrial Equipment
6.7 Automotive Equipment
6.8 Power Equipment
6.9 Transportation Electronics Equipment
6.10 Military & Aerospace Equipment
6.11 Telecom Equipment
6.12 Datacom Equipment
6.13 Consumer Electronic Equipment
6.14 Other Equipment
7. Cable Assembly Market Assessment—by Geography
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia-Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 South Korea
7.4.5 Rest of Asia-Pacific
7.5 Latin America
7.6 Middle East & Africa
8. Global Cable Assembly Market Assessment—Competitive Analysis
8.1 Overview
8.2 Key Growth Strategies
8.3 Competitive Benchmarking
8.4 Competitive Dashboard
8.4.1 Industry Leaders
8.4.1.1 Market Ranking by the Key Players
8.4.2 Market differentiators
8.4.3 Vanguards
8.4.4 Emerging Companies
9. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Recent Developments)
9.1 TE Connectivity Ltd. (Switzerland)
9.2 Amphenol Corporation (U.S.)
9.3 Molex, LLC (U.S.)
9.4 3M (U.S.)
9.5 Lapp Group (Germany)
9.6 Eland Cables Limited (“Eland Cables”) (U.K.)
9.7 Flux Connectivity Inc. (Canada)
9.8 Fischer Connectors SA (Switzerland)
9.9 CommScope, Inc. (U.S.)
9.10 Rosenberger Hochfrequenztechnik GmbH & Co. KG. (Germany)
9.11 Samtec (U.S.)
9.12 HARTING Technology Group (Germany)
9.13 Smiths Interconnect Group Limited
9.14 Carlisle Interconnect Technologies (U.S.)
9.15 W. L. Gore & Associates, Inc. (U.S.)
(Note: SWOT Analysis of the Top 5 Companies will be Provided)
10. Appendix
10.1 Available Customization
10.2 Related Reports
List of Tables
Table 1 Currency Conversion Rate (2019–2023)
Table 2 Global Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 3 Global Rectangular Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Radio Frequency (RF)/Coaxial Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 5 Global Ribbon Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Fiber Optic Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 7 Global Power Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Custom Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 9 Global Circular Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 10 Global Barrel Connector Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 11 Global Video Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 12 Global USB Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 13 Global Modular Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 14 Global FFC/FPC Jumper Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 15 Global Pre-crimped Leads Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 16 Global Printed Circuit Board (PCB) Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 17 Global Telephone Cable Assemblies Market, by Country/Region, 2022–2031 (USD Million)
Table 18 Global Cable Assembly Market for Other Product Types, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 20 Global Cable Assembly Market for Computers & Peripheral Equipment, by Country/Region, 2022–2031 (USD Million)
Table 21 Global Cable Assembly Market for Business & Office Equipment, by Country/Region, 2022–2031 (USD Million)
Table 22 Global Cable Assembly Market for Medical Equipment, by Country/Region, 2022–2031 (USD Million)
Table 23 Global Cable Assembly Market for Instrumentation Equipment, by Country/Region, 2022–2031 (USD Million)
Table 24 Global Cable Assembly Market for Industrial Equipment, by Country/Region, 2022–2031 (USD Million)
Table 25 Global Cable Assembly Market for Automotive Equipment, by Country/Region, 2022–2031 (USD Million)
Table 26 Global Cable Assembly Market for Power Equipment, by Country/Region, 2022–2031 (USD Million)
Table 27 Global Cable Assembly Market for Transportation Electronics Equipment, by Country/Region, 2022–2031 (USD Million)
Table 28 Global Cable Assembly Market for Military & Aerospace Equipment, by Country/Region, 2022–2031 (USD Million)
Table 29 Global Cable Assembly Market for Telecom Equipment, by Country/Region, 2022–2031 (USD Million)
Table 30 Global Cable Assembly Market for Datacom Equipment, by Country/Region, 2022–2031 (USD Million)
Table 31 Global Cable Assembly Market for Consumer Electronic Equipment, by Country/Region, 2022–2031 (USD Million)
Table 32 Global Cable Assembly Market for Other Equipment, by Country/Region, 2022–2031 (USD Million)
Table 33 Global Cable Assembly Market, by Country/Region, 2022–2031 (USD Million)
Table 34 North America: Cable Assembly Market, by Country, 2022–2031 (USD Million)
Table 35 North America: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 36 North America: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 37 U.S.: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 38 U.S.: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 39 Canada: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 40 Canada: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 41 Europe: Cable Assembly Market, by Country/Region, 2022–2031 (USD Million)
Table 42 Europe: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 43 Europe: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 44 U.K.: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 45 U.K.: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 46 Germany: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 47 Germany: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 48 France: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 49 France: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 50 Italy: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 51 Italy: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 52 Spain: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 53 Spain: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 54 Rest of Europe: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 55 Rest of Europe: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 56 Asia-Pacific: Cable Assembly Market, by Country, 2022–2031 (USD Million)
Table 57 Asia-Pacific: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 58 Asia-Pacific: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 59 China: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 60 China: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 61 India: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 62 India: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 63 Japan: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 64 Japan: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 65 South Korea: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 66 South Korea: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 67 Rest of Asia-Pacific: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 68 Rest of Asia-Pacific: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 69 Latin America: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 70 Latin America: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 71 Middle East & Africa: Cable Assembly Market, by Product Type, 2022–2031 (USD Million)
Table 72 Middle East & Africa: Cable Assembly Market, by End-use Equipment, 2022–2031 (USD Million)
Table 73 Recent Developments by Major Market Players (2021–2024)
Table 74 Market Share, by Key Players
List of Figures
Figure 1 Currency and Limitations
Figure 2 Research Process
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 Key Insights
Figure 8 Cable Assembly Market, by Product Type, 2024 Vs. 2031 (USD Million)
Figure 9 Cable Assembly Market, by End-use Equipment, 2024 Vs. 2031 (USD Million)
Figure 10 Geographic Snapshot: Global Over-the-air Market
Figure 11 Impact Analysis of Market Dynamics
Figure 12 Cable Assembly Market, by Product Type, 2024 Vs. 2031 (USD Million)
Figure 13 Cable Assembly Market, by End-use Equipment, 2024 Vs. 2031 (USD Million)
Figure 14 Global Cable Assembly Market, by Region, 2024 Vs. 2031 (USD Million)
Figure 15 Geographic Snapshot: Cable Assembly Market in Asia-Pacific
Figure 16 North America: Cable Assembly Market Snapshot
Figure 17 Europe: Cable Assembly Market Snapshot
Figure 18 Asia-Pacific: Cable Assembly Market Snapshot
Figure 19 Growth Strategies Adopted by Leading Market Players (2021–2024)
Figure 20 Competitive Benchmarking Analysis (2021–2024)
Figure 21 Competitive Dashboard: Cable Assembly Market
Figure 22 TE Connectivity Ltd.: Financial Overview (2023)
Figure 23 Amphenol Corporation: Financial Overview (2023)
Figure 24 Molex, LLC: Financial Overview (2023)
Figure 25 3M: Financial Overview (2023)
Figure 26 Smiths Interconnect Group Limited: Financial Overview (2023)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Oct-2023
Published Date: Oct-2023
Published Date: Apr-2022
