The new report by Expert Market Research titled, ‘Global Cable Assembly Market Price, Share, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the Global Cable Assembly Market, assessing the market based on its segments like product, end-use and major regions.
The report examines the latest industry trends and their impact on the overall market. It also evaluates market dynamics, including key demand and price indicators, as well as market analysis using the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.4%
Growing internet access and internet-connected gadgets around the world are expected to accelerate the growth of the worldwide cable assembly market, particularly fibre optic cables. Additionally, rising cloud computing and data transfer are expected to drive the global cable assemblies market during the forecast period.
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Industry Definition and Major Segments
Cable assemblies combine several cables or wires into a single unit. For cable assembly, various enclosures such as straps, ties, lacing, sleeves, electrical tapes, extruded string weaving, or a combination of these are employed.
On the basis of the product, the market can be divided into:
• Fibre Optics
On the basis of the end-use, the market can be segmented into:
• Consumer Electronics
• Telecom and Datacom
• Aerospace and Defence
The regional markets for the Global Cable Assembly Market include:
• North America
• Asia Pacific
• Latin America
• The Middle East and Africa
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One of the major drivers driving market expansion is the growing popularity of fibre optics, among other product kinds, due to their superior features. The growing demand for high-speed data transmission in data centres, servers or data networks and communication devices has increased the demand for high-performance wires, which has aided the global cable assembly industry. Manufacturers are capitalising on this need and, as a result, are focusing on delivering speedy and dependable data transmission solutions with high-speed cable assemblies, which is projected to help the market over the projection period.
Key Market Players
The major participants in the market are Amphenol Corporation, 3M Company [NYSE: MMM], Corning Inc., Molex Incorporated, TE Connectivity Ltd and others. The report covers market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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