According to the latest report by IMARC Group “Cables and Connectors Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026“, The global cables and connectors market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Cables refer to electric conductors that are utilized for transmitting electrical power and communication signals. They are characterized byexcellent tensile strength and resistance to moisture and heat. On the other hand, connectors are electro-mechanical gadgets that are embedded with jacks and plugs to assist in electrical transmission.They are collectively deployed in consumer electronic goods and industrial machinery to transfer data and ensure high-end connectivity.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global market is majorly driven by continual technological advancements in the telecommunication sector. Moreover, the widespread establishment of data centers on the global level to improve communication networks across rural areas are also contributing to the market growth. Along with this, increasing government investments in smart grid projects to upgrade power transmission processes is also creating an impetus to market growth. Some of the other factors creating a positive outlook for the market include significant growth in the information technology (IT) sector and extensive research and development activities conducted by key players.
Breakup by Product Type:
- Internal Cables and Connectors
- External Cables and Connectors
Breakup by Installation Type:
Breakup by Vertical:
- Oil and Gas
- Energy and Power
- Aerospace and Defense
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 3M Company
- Amphenol Corporation
- Axon’ Cable
- Fujitsu Limited
- Huawei Technologies Co. Ltd
- Molex LLC (Koch Industries Inc)
- Prysmian S.p.A.
- Sumitomo Electric Wiring Systems Inc.
- TE Connectivity.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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