Cable assembly market worth $220.7 billion in 2025
The global cable assembly market is
projected to reach $220.7 billion in 2025 from $149.7 billion in 2019, growing
at a CAGR of 6.7%.
The global cable assembly market study presents historical market data
in terms of values, estimated current data, and forecasts for 2019 to 2025- by
product (custom/application specific assemblies, rectangular assemblies, Radio
Frequency (RF) assemblies, circular assemblies, fiber optics assemblies,
Printed Circuit Board (PCB) assemblies and others), and application
(automotive, telecom, computers and peripherals, industrial, military &
aerospace, medical, and others). The study also evaluates industry competitors
and analyzes the market at regional and country level.
Fiber Optic Cable
Assemblies Will Witness the Fastest Growth in the Cable Assembly Market during
the Forecast Period (2019–2025)
The demand for fiber optic cable assemblies has got impetus over five
decades mainly by its use in the telecommunications and data management
industry. Over the passage of time, the product has found its scope of
application in other end-use industries such as defense and aerospace,
industrial & automotive, and healthcare. The continued growth and
investments made in the internet and telecommunications industry is expected to
create significant opportunities in the overall cable assemblies market.
Simultaneously, increasing adoption of Fiber optic cable assemblies in some of
the burgeoning industries such as automotive and data management &
telecommunications is defining the future landscape of the market. Apart from
this, rising government investment in telecommunication is anticipated to be
the dynamic factor behind the growth of the fiber optic cable assembly market.
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This research the report analyzes major geographies and provides a comprehensive analysis of North
America (U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy,
Spain and RoE), Asia-Pacific (China, Japan, Korea, India, and RoAPAC), Latin
America, and Middle East & Africa (Brazil, UAE, Argentina, and RoLAMEA). In
2018, Asia-Pacific accounted for the largest share of the global cable assembly
market. This market is also expected to register the highest growth rate during
the forecast period. Asia-Pacific countries like China, Japan, and India are
the strong markets for cable assemblies and expected to witness the highest
CAGR in the coming years. Factors such as growing urbanization and industrialization,
increasing demand for electric vehicles, presence of a large number of
manufacturers, and growth in the power distribution sector are expected to
drive the growth of cable assembly market in this region.
The key
players operating in the global cable assembly market are Amphenol DC
Electronics (ADCE), TE Connectivity Ltd, Jae Electronics, Inc., Luxshare
Precision Industry Co., Ltd., Koch Industries, Inc. (Molex), W.L. Gore and
Associates, Epec, LLC, Fischer Connectors SA, Samtec, Inc., Delphi Connection
Systems, Yazaki Corporation, and Foxconn (FIT) among
others.
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