Cables and Connector Market Overview:
Cables And Connectors Market is expected to garner $125.3 billion by 2022, registering a CAGR of 11.1% from 2016-2022. Cables & connectors are used for connectivity, data & signal transmission and power supply for various type of electronic peripherals in a wide range of industries. Reliable connectivity, high performance, and efficiency are the major factors boosting the growth of the cables & connectors market. High-performance networks are essential to business, manufacturing, transportation, education, media, and security. Furthermore, cables such as USB Type-C and HDMI have seen rapid expansion in the past few years. Cables and connectors such as HDMI, DVI, Fiber, and VGA with its ability to deliver high-bandwidth and low signal loss data streams ensure to meet these needs.
Cables such as fiber optics provides the most reliable and secure mode for transporting signals from one place to another. Security application is the major adopter of fiber optics and best choice for the transport of security signals. The end users of this market need to compete in the global markets and are demanding fast and reliable worldwide connectivity. Companies and carriers in developed and emerging economies require the confidence and security delivered by fast, reliable, and secure networks.
The world cables & connectors market is segmented on the basis of installation, product type, industry, and geography. On the basis of installation, it is bifurcated into internal cables & connectors and external cables & connectors. On the basis of product type, it is classified into HDMI, USB, VGA, DVI, CAT5/CAT6 cables & connector, and others. Based on the industry, it is segmented into military & defense, oil & gas, commercial, energy & power, and others (civil, government, and submarine communication). Geographically, the classification includes North America, Europe, Asia-Pacific, and LAMEA.
World cables & connectors market scenario
The world cable & connectors market is growing market and is subjected to grow at a healthy pace during the forecast period. Adoption of wireless technologies such as RF, Wi-Fi, Bluetooth, and infrared, in the coming years would consume a considerable chunk of the cables & connectors market, making room for internal cables and connectors to grow rapidly. The commercial industry i.e. IT & telecom, electronics, and healthcare industries are rapidly growing and consumes major share of this market. With the increasing penetration of technologies such cloud and Internet of Things (IoT), the demand for reliable, high performance and secure data connectivity and transmission has increased.
Top factors impacting cables and connectors market
World cables and connectors market competitive analysis
The market share analysis indicates how well a firm is performing in the market as compared to its competitors. Every company follows its own business strategy with an aim to conquer maximum profit share. Market share of TE Connectivity Limited, Alcatel Lucent, Amphenol Corporation, Molex Inc., Nexans, 3M Company, Prysmian S.p.A. and other companies, have been analyzed in the report, since these are some of the major companies present in the global cables and connectors market. TE Connectivity Limited leads the global cables and connectors market with maximum share in 2015, followed by Alcatel Lucent, Alcatel Lucent is a leader in optical networking for different end user markets such as transportation, energy, and government.
Key market players profiled in the report are Amphenol Corporation, Molex Inc., Fujitsu Ltd., TE Connectivity Limited, Prysmian S.P.A., 3M Company, Nexans, Huawei Technologies Co. Ltd., Alcatel-Lucent (Nokia Corporation), and Axon Cable S.A.S.
- This study provides an in-depth analysis of the world cables & connectors market to elucidate the imminent investment pockets.
- The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
- Porter’s five forces analysis highlights the potency of suppliers & buyers and describes the competitive scenario of the market, which is expected to facilitate efficient business planning.
- Value chain analysis provides key inputs on role of key intermediaries involved, which is anticipated to assist stakeholders in devising appropriate strategies.
- This report presents a detailed quantitative analysis of the current trends and future estimations through 2015 and 2022, which assist in identifying the prevailing market opportunities.
CABLES & CONNECTORS MARKET SEGMENTATION
Market By Installation Type
- Internal Cables and Connectors
- External Cables and Connectors
Market By Product Type
Market By Industry Vertical
- Military & Defense
- Oil & Gas
- Energy & Power
Market By Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East