Cable Assembly Market
Cable Assembly Market Size, Share & Trends Analysis Report by Product (Custom/Application Specific Assemblies, Rectangular Assemblies, Radio Frequency (RF) Assemblies, Circular Assemblies), by Application (Automotive, Telecom, Computers and Peripherals, Industrial), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
|Cable Assembly Market Forecast Year:||2022 - 2028|
|Cable Assembly Market Historical Year:||2016 - 2021|
|Cable Assembly Market 2021:||148.50 USD Billion|
|Cable Assembly Projected Market 2028:||214.20 USD Billion|
|Cable Assembly Market CAGR:||6.3%|
|Fastest Growing Region:||Asia Pacific|
|Largest Region:||North America|
The market size of the Cable Assembly Market in the year 2021 is valued at 148.50 USD Billion and is projected to reach a value of 214.20 USD Billion by 2028 at a Compound Annual Growth Rate (CAGR) of 6.3% over the forecast period.
Cable Assembly is believe to be the game changer in the field of transmission and distribution. With the growing demand for wireless devices, the need for internet access and devices connected to internet worldwide is believed to drive the growth of the global Cable Assembly Market; especially the fiber optic cables in the upcoming years. In addition to this, the raise of framework of cloud computing and data transfer, increase in usage of electric vehicles, growing demand from aerospace industry and raising internet penetration across the world are some of the factors that will contribute in the growth of market in the forthcoming years. With the increase in amount of data with increased usage, the demand for Data centers and the IT equipment’s will fuel the growth of Cable Assembly units in the future. Moreover, high-speed cable assemblies for servers, computers, switches, and other data and communication devices will have positive impact on Cable Assembly Market in the years to come. The higher band and transmission over longer distance, increase usage of PCs, laptops, and mobile phones and internet connected to them, will also contribute in the growth of the market over the forecast period.
Below tree is interactive. You can click the nodes to get more information.
Fiber Optics Assemblies to Own a Major Share in the Product Segment
The fiber optics assemblies category is estimated to witness substantial growth during the forecast period. Fiber optic is considered to drive the growth of Cable Assembly Market in future. Earlier, Copper PCB traces and cables acquired share of high-speed data transmission. But due to its limitation of advanced signal conditioning, multi-level modulation, and error correction techniques have facilitate the fiber optics cable to takeover. Optical fiber cables can transmit data at much faster speeds than aluminum or copper wire. Along with this, smaller size and weight also makes optical fiber cable a best choice. Optical fiber cable is continuously undergoing through process of advancement in terms of bandwidth, ruggedness, reduced attenuation, ease of termination, reduced fiber diameter, and cost.
The Growing Popularity of Electrical Vehicles is Propelling the Automotive Application of Cable Assembly
The automotive category is estimated to witness substantial growth over the coming years. This is ascribed to the growing demand for electric vehicles in automobile sectors have created a positive impact on Cable Assembly Market. All the electrical vehicles available in the market require good electrical performance and charging infrastructure. Therefore, the need for charging station is increasing day by day. In charging station, the assembly of the power cord is needed, which delivers the needed energy to the vehicle. Hence with the increase in charging infrastructure the need and demand of cable assembly’s unit will also increase. As per the latest innovation of Purdue University engineers, with some changes in charging power cable it will be possible to charge electric vehicles in less than 20 minutes. The power cable will deliver 4.2times greater current as compared to current power cable providing quick charge. Cables are required in electric vehicles in large number for power trains, battery unit, lighting units and other miscellaneous works.
Asia Pacific Region is Predicted to have Fastest Growth over Forecast Period
Asia Pacific comprising of China, India, Korea, Japan, and Rest of Asia Pacific is anticipated to witness the quickest increase in the coming years because of developing urbanization, industrialization, growing demand for electric powered vehicles, presence of big range of manufacturers, and increase in the energy distribution sector.
In North American Region, the manufacturing of Cable Assembly gadgets have taken a sharp increase because of the adoption of electrical vehicles. Moreover, the growth in electronics devices and merchandise production in the North America location has recommended numerous neighborhood and predominant players to begin the producing of cable assemblies in the region
Some major players in the 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)..
Cable Assembly Market is Segmented as Follows:
Cable Assembly Market is Tabulated as Follows:
Market Size Provided for Years
Region & Counties Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Frequently Asked Questions
the global demand for Cable Assembly
in terms of revenue?
The global Cable Assembly valued at 148.50 USD Billion in 2020 and is expected to reach 214.20 USD Billion in 2028 growing at a CAGR of 6.3%
are the prominent players
in the market?
The prominent players in the 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)..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 6.3% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Cable Assembly include
- Increasing Production of Electric Vehicles Across the Globe Supports the Market Growth
region accounted for the
largest share in the market?
North America was the leading regional segment of the Cable Assembly in 2020.