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:
- Product (Custom/Application Specific Assemblies, Rectangular Assemblies, Radio Frequency (RF) Assemblies, Circular Assemblies, Fiber Optics Assemblies, Printed Circuit Board (PCB) Assemblies, Others)
- Application (Automotive, Telecom, Computers and Peripherals, Industrial, Military & Aerospace, Medical, Others)
- Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
|Regions & Countries Covered
- North America - (U.S., Canada, Mexico)
- Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
- Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
- Latin America - (Brazil, Argentina, Rest Of Latin America)
- Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
- Amphenol DC Electronics (ADCE)
- TE Connectivity Ltd
- Jae Electronics Inc.
- Luxshare Precision Industry Co. Ltd.
- Koch Industries Inc. (Molex)
- W.L. Gore and Associates
- Fischer Connectors SA
- Samtec Inc.
- Delphi Connection Systems
- Yazaki Corporation
- and Foxconn (FIT).
||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
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Cable Assembly Market is Tabulated as Follows: