Cables And Connectors Market - Forecast(2024 - 2030)

Report Code: ESR 86412 Report Format: PDF + Excel

Cables and Connectors Market Overview

Cables and Connectors market is expected to reach $149.9 billion by 2026 at a CAGR of 7.8% during the forecast period 2021-2026. Increasing expenditure by the IT and telecom services to meet consumer demand drives the market growth. In addition, the growing number of fixed broadband connections over the years has enabled the growth of the market studied. According to ITU, the number of global fixed broadband subscriptions increased by 9% annually in the last five years. Moreover, growing number of data centers and increasing demand for higher bandwidth is the major driving factor behind the huge demand for cables and connectors worldwide in the forecast period 2021-2026. The rising demand for fiber optic/optical fiber and printed circuit board connectors as well as coaxial cables is set to drive the market growth.

Report Coverage

The report: “Cables and Connectors Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Cables and Connectors market

By Product Type: Internal Cables & Connectors, External Cables & Connectors.
By Component: Cable & Cable Assemblies, Electronic & Mechanical Connectors, and other Components.
By Classifications: HDMI, USB, VGA, DVI, CAT5/CAT6, Others.
By Industry: Military & Defense, Commercial, Civil, Government, Oil & Gas, Energy & Power, Submarine Communication, Others.
By Application: Testing, Manufacturing/Production.
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa). 

Key Takeaways

  • Asia-Pacific dominated the market by a market share of more than 35.1% in 2020 due to the rising demand of high-speed cables and connectors along with increasing investments in infrastructure development in countries such as India and China. 
  • USB cable and connector is growing at a highest CAGR of 12.9% in the forecast period owing to the increase in demand for digital data storage and the emergence of USB 3.0, 3.1 and 4.0 standards for high-speed data transfer. 
  • Connectors and Cables in Automotive sector is growing at a CAGR of 13.1% in the forecast period owing to the growing applications of cables and connectors power, signal, data transfer and other application. 
  • Cables and Connectors top 10 companies include Alcatel-Lucent, Amphenol Corp., Axon Cable, Esterline Technologies Corp., Fujitsu, Huawei Technologies Co. Ltd., Molex, Inc., Nexans S.A., Prysmian Group, TE Connectivity Ltd., among others.

Cables and Connectors Market, By Product Type, 2020

Cables and Connectors Market

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Cables and Connectors Market Segment Analysis - By Classifications

USB cable and connector is growing at a highest CAGR of 12.9% in the forecast period owing to the increase in demand for digital data storage and the emergence of USB 3.0, 3.1 and 4.0 standards for high-speed data transfer. In addition growing advancements with this type of connector is analysed drive the market growth. In 2019, Belkin has launched USB-C Cable with Lightning Connector. Moreover with the growing need of higher data transfer rates, more industrial applications such as Machine Vision and 3D imaging are starting to implement USB 3.0 Micro B into their system designs. Hence these advancements are analysed to drive the market in the forecast period 2021-2026. 

Cables and Connectors Market Segment Analysis - By industry

Connectors and Cables in Automotive sector is growing at a CAGR of 13.1% in the forecast period owing to the growing applications of cables and connectors power, signal, data transfer and other application. Many leading automotive manufacturers are investing heavily for the production of vehicles. In 2019, Ford has invested $1.45 billion in the Detroit plants in U.S., to make electric, autonomous and sports utility vehicles, which is mainly aimed to increase the production of the vehicles thereby impacting on the high procurement of the circular connectors. In 2019, Toyota has announced to invest $749M in expanding the U.S. manufacturing facilities to increase the production of the RAV4 hybrid and Lexus ES 300h hybrid vehicles. In 2020, General Motors to invest more than $20 billion in its next generation of all-electric and autonomous vehicles through 2025. Moreover governments of several countries have been investing heavily for the development of electric vehicles. In 2019 German government has committed to invest more than $3 billion to expand electric car market growth in the region. As cables and connectors are used for several application in this sector. Hence these investments and developments are analyzed to be the key drivers for the growth of the circular connectors market during the forecast period 2020-2025. 

Cables and Connectors Market Segment Analysis - By Geography

Asia-Pacific dominated the market by a market share of more than 35.2% in 2020 due to the rising demand of high-speed cables and connectors along with increasing investments in infrastructure development in countries such as India and China. In Countries such as India, China, Japan and so on, several data centres are planning to expand their presence in this region. In 2020, Amazon has committed to invest $2.8 billion to build its second data centre in India. In 2018, Facebook has committed to invest more than $1 billion to build its first data centre in Singapore by 2022. Similarly, Google is expanding its Singapore data centres with an investment of $850 million investment as mobile growth, e-commerce and cloud computing demand rise across the region. Moreover, Google is also planning to open their data centres in China mainly. Apart from China, other countries, such as Japan and South Korea to stand as one of the leaders in data centre services market, thus promoting the need for cable connectors market. 

Cables and Connectors Market Drivers

Surge in demand for higher bandwidth cables & connectors among different industries

There is a significant demand for high bandwidth in the telecom industry, cloud applications, TV-on-demand, video services, and online gaming. Wired transmission connection offers greater bandwidth, enhanced reliability & agility, and improved security in comparison to wireless communication. For instance, wired LAN offers 100Mpbs bandwidth using Ethernet technology, whereas the maximum bandwidth offered by wireless network is about 11Mbps. Moreover, wireless transmission is lower in underwater operations, due to the use of low frequency to keep the attenuation (power loss in transmitted signal) minimum and prevent slowdown of transmission rate. For instance, if attenuation has to be reduced from 5.4 DB to 0.4 DB, the frequency needs to be reduced from 1.8 MHz to 0.01 MHz. However, wired communication is totally exempted from any such limitations; hence, it is a faster medium as compared to wireless transmission. Thus, increase in demand for higher bandwidth and rise in need of faster transmission are expected to drive the growth of the cables and connector market in future.

Growing investments and innovations by companies of cables and connectors

Rising investments by manufacturers of cables and connectors for innovation in this segment will drive the market growth. In 2019, TE Connectivity launched its AMP+ HVA 1200 HV terminal and connector system. With the new AMP+ HVA1200 HV terminal and connector system (HVA 1200) automotive manufacturers benefitted from a high-performance interconnection system for their next-generation vehicles. In addition several companies are investing heavily for the advancements in this segment. In 2019, YAZAKI had built its first Serbian plant by investing $30 million focusing mainly on automotive cable manufacturing. The company is currently planning to expand its operations to South Eastern Europe in order to expand its global presence. Similarly, in 2019, Prysmian Group had planned to make an investment of $170 million in a new cable laying subsea vessel. In addition this company has secured several contracts in submarine cable laying business with an order intake of $1.2 billion. Hence these advancements are analysed to drive the market growth in the forecast period 2020-2025. 

Cables and Connectors Market Challenges

Volatile Prices of Raw Material 

Prices of cables & connector are set to continue to rise through 2020, as the price of plastics and steel in particular have risen in 2019. Copper price however was offset by the rise in mine output. This rise in connector material price has seen a corresponding growth in connector prices as manufacturers look to transfer the price change onto their customers. However with the U.S, China trade war and volatile geopolitical conditions, the price of connectors is highly capricious. However the copper and plastic price will remain bearish from 2021 with slight declines projected. Thus, this price volatility will affect the sale of connectors in the short term as bookings have already begun to show slight slowdown. This combined with a potential shift of manufacturing base for a few U.S companies back to the U.S, a price rise can be seen to affect market growth. 

Cables and Connectors Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Cables and Connectors market. In 2020, the market of Cables and Connectors industry outlook has been fragmented by several companies. Cables and Connectors top 10 companies include Alcatel-Lucent, Amphenol Corp., Axon Cable, Esterline Technologies Corp., Fujitsu, Huawei Technologies Co. Ltd., Molex, Inc., Nexans S.A., Prysmian Group, TE Connectivity Ltd., among others.

Acquisitions/Technology Launches

  • In February 2020, TE Connectivity extended its partnership with PEI-Genesis, a global leader in the design and assembly of custom engineered connectors and cable solutions to offer connector solutions specific to the Industrial Business Unit.

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1. Cables And Connectors Market - Overview
    1.1 Definitions and Scope
2. Cables And Connectors Market - Executive summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by type of Application
    2.3 Key Trends segmented by Geography
3. Cables And Connectors Market
    3.1 Comparative analysis
        3.1.1 Product Benchmarking - Top 10 companies
        3.1.2 Top 5 Financials Analysis
        3.1.3 Market Value split by Top 10 companies
        3.1.4 Patent Analysis - Top 10 companies
        3.1.5 Pricing Analysis
4. Cables And Connectors Market - Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Cables And Connectors Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Cables And Connectors Market Forces
    6.1 Drivers
    6.2 Constraints
    6.3 Challenges
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes
7. Cables And Connectors Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product life cycle
    7.4 Suppliers and distributors Market Share
8. Cables And Connectors Market - By Component (Market Size -$Million / $Billion)
    8.1 Cable & Cable Assemblies
    8.2 Electronic & Mechanical Connectors
    8.3 Other Components
9. Cables And Connectors Market - By Industry (Market Size -$Million / $Billion)
    9.1 Satellite Industry
        9.1.1 Military & Defense
        9.1.2 Commercial
        9.1.3 Civil
        9.1.4 Government
    9.2 Submarine Industry
        9.2.1 Oil & Gas
        9.2.2 Energy & Power
        9.2.3 Submarine Communication
        9.2.4 Others
10. Cables And Connectors - By Application(Market Size -$Million / $Billion)
    10.1 Testing
    10.2 Manufacturing/Production
11. Cables And Connectors- By Geography (Market Size -$Million / $Billion)
    11.1 Cables And Connectors Market - North America Segment Research
    11.2 North America Market Research (Million / $Billion)
        11.2.1 Segment type Size and Market Size Analysis
        11.2.2 Revenue and Trends
        11.2.3 Application Revenue and Trends by type of Application
        11.2.4 Company Revenue and Product Analysis
        11.2.5 North America Product type and Application Market Size
            11.2.5.1 U.S
            11.2.5.2 Canada
            11.2.5.3 Mexico
            11.2.5.4 Rest of North America
    11.3 Cables And Connectors- South America Segment Research
    11.4 South America Market Research (Market Size -$Million / $Billion)
        11.4.1 Segment type Size and Market Size Analysis
        11.4.2 Revenue and Trends
        11.4.3 Application Revenue and Trends by type of Application
        11.4.4 Company Revenue and Product Analysis
        11.4.5 South America Product type and Application Market Size
            11.4.5.1 Brazil
            11.4.5.2 Venezuela
            11.4.5.3 Argentina
            11.4.5.4 Ecuador
            11.4.5.5 Peru
            11.4.5.6 Colombia
            11.4.5.7 Costa Rica
            11.4.5.8 Rest of South America
    11.5 Cables And Connectors- Europe Segment Research
    11.6 Europe Market Research (Market Size -$Million / $Billion)
        11.6.1 Segment type Size and Market Size Analysis
        11.6.2 Revenue and Trends
        11.6.3 Application Revenue and Trends by type of Application
        11.6.4 Company Revenue and Product Analysis
        11.6.5 Europe Segment Product type and Application Market Size
            11.6.5.1 U.K
            11.6.5.2 Germany
            11.6.5.3 Italy
            11.6.5.4 France
            11.6.5.5 Netherlands
            11.6.5.6 Belgium
            11.6.5.7 Denmark
            11.6.5.8 Spain
            11.6.5.9 Rest of Europe
    11.7 Cables And Connectors - APAC Segment Research
    11.8 APAC Market Research (Market Size -$Million / $Billion)
        11.8.1 Segment type Size and Market Size Analysis
        11.8.2 Revenue and Trends
        11.8.3 Application Revenue and Trends by type of Application
        11.8.4 Company Revenue and Product Analysis
        11.8.5 APAC Segment - Product type and Application Market Size
            11.8.5.1 China
            11.8.5.2 Australia
            11.8.5.3 Japan
            11.8.5.4 South Korea
            11.8.5.5 India
            11.8.5.6 Taiwan
            11.8.5.7 Malaysia
            11.8.5.8 Hong kong
            11.8.5.9 Rest of APAC
    11.9 Cables And Connectors - Middle East Segment and Africa Segment Research
    11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
        11.10.1 Segment type Size and Market Size Analysis
        11.10.2 Revenue and Trend Analysis
        11.10.3 Application Revenue and Trends by type of Application
        11.10.4 Company Revenue and Product Analysis
        11.10.5 Middle East Segment Product type and Application Market Size
            11.10.5.1 Israel
            11.10.5.2 Saudi Arabia
            11.10.5.3 UAE
        11.10.6 Africa Segment Analysis
            11.10.6.1 South Africa
            11.10.6.2 Rest of Middle East & Africa
12. Cables And Connectors Market - Entropy
    12.1 New product launches
    12.2 M&A s, collaborations, JVs and partnerships
13. Cables And Connectors Market - Industry / Segment Competition landscape Premium Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Country- Top companies
        13.1.2 Market Share by Region- Top 10 companies
        13.1.3 Market Share by type of Application - Top 10 companies
        13.1.4 Market Share by type of Product / Product category- Top 10 companies
        13.1.5 Market Share at global level - Top 10 companies
        13.1.6 Best Practises for companies
14. Cables And Connectors Market - Key Company List by Country Premium Premium
15. Cables And Connectors Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Alcatel-Lucent
    15.3 Amphenol Corp.
    15.4 Axon Cable
    15.5 Esterline Technologies Corp.
    15.6 Fujitsu
    15.7 Huawei Technologies Co. Ltd.
    15.8 Molex, Inc.
    15.9 Nexans S.A.
    15.10 Prysmian Group
    15.11 TE Connectivity Ltd.

LIST OF TABLES

1.Global Submarine & Satellite Cable & Connectors Market By Component Market 2019-2024 ($M)
1.1 Cable & Cable Assemblies Market 2019-2024 ($M) - Global Industry Research
1.2 Electronic & Mechanical Connectors Market 2019-2024 ($M) - Global Industry Research
2.Global Submarine & Satellite Cable & Connectors Market By Industry Market 2019-2024 ($M)
2.1 Satellite Industry Market 2019-2024 ($M) - Global Industry Research
2.1.1 Military & Defense Market 2019-2024 ($M)
2.1.2 Commercial Market 2019-2024 ($M)
2.1.3 Civil Market 2019-2024 ($M)
2.1.4 Government Market 2019-2024 ($M)
2.2 Submarine Industry Market 2019-2024 ($M) - Global Industry Research
2.2.1 Oil & Gas Market 2019-2024 ($M)
2.2.2 Energy & Power Market 2019-2024 ($M)
2.2.3 Submarine Communication Market 2019-2024 ($M)
3.Global Submarine & Satellite Cable & Connectors Market By Component Market 2019-2024 (Volume/Units)
3.1 Cable & Cable Assemblies Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Electronic & Mechanical Connectors Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Submarine & Satellite Cable & Connectors Market By Industry Market 2019-2024 (Volume/Units)
4.1 Satellite Industry Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Military & Defense Market 2019-2024 (Volume/Units)
4.1.2 Commercial Market 2019-2024 (Volume/Units)
4.1.3 Civil Market 2019-2024 (Volume/Units)
4.1.4 Government Market 2019-2024 (Volume/Units)
4.2 Submarine Industry Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 Oil & Gas Market 2019-2024 (Volume/Units)
4.2.2 Energy & Power Market 2019-2024 (Volume/Units)
4.2.3 Submarine Communication Market 2019-2024 (Volume/Units)
5.North America Submarine & Satellite Cable & Connectors Market By Component Market 2019-2024 ($M)
5.1 Cable & Cable Assemblies Market 2019-2024 ($M) - Regional Industry Research
5.2 Electronic & Mechanical Connectors Market 2019-2024 ($M) - Regional Industry Research
6.North America Submarine & Satellite Cable & Connectors Market By Industry Market 2019-2024 ($M)
6.1 Satellite Industry Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Military & Defense Market 2019-2024 ($M)
6.1.2 Commercial Market 2019-2024 ($M)
6.1.3 Civil Market 2019-2024 ($M)
6.1.4 Government Market 2019-2024 ($M)
6.2 Submarine Industry Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Oil & Gas Market 2019-2024 ($M)
6.2.2 Energy & Power Market 2019-2024 ($M)
6.2.3 Submarine Communication Market 2019-2024 ($M)
7.South America Submarine & Satellite Cable & Connectors Market By Component Market 2019-2024 ($M)
7.1 Cable & Cable Assemblies Market 2019-2024 ($M) - Regional Industry Research
7.2 Electronic & Mechanical Connectors Market 2019-2024 ($M) - Regional Industry Research
8.South America Submarine & Satellite Cable & Connectors Market By Industry Market 2019-2024 ($M)
8.1 Satellite Industry Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Military & Defense Market 2019-2024 ($M)
8.1.2 Commercial Market 2019-2024 ($M)
8.1.3 Civil Market 2019-2024 ($M)
8.1.4 Government Market 2019-2024 ($M)
8.2 Submarine Industry Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Oil & Gas Market 2019-2024 ($M)
8.2.2 Energy & Power Market 2019-2024 ($M)
8.2.3 Submarine Communication Market 2019-2024 ($M)
9.Europe Submarine & Satellite Cable & Connectors Market By Component Market 2019-2024 ($M)
9.1 Cable & Cable Assemblies Market 2019-2024 ($M) - Regional Industry Research
9.2 Electronic & Mechanical Connectors Market 2019-2024 ($M) - Regional Industry Research
10.Europe Submarine & Satellite Cable & Connectors Market By Industry Market 2019-2024 ($M)
10.1 Satellite Industry Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Military & Defense Market 2019-2024 ($M)
10.1.2 Commercial Market 2019-2024 ($M)
10.1.3 Civil Market 2019-2024 ($M)
10.1.4 Government Market 2019-2024 ($M)
10.2 Submarine Industry Market 2019-2024 ($M) - Regional Industry Research
10.2.1 Oil & Gas Market 2019-2024 ($M)
10.2.2 Energy & Power Market 2019-2024 ($M)
10.2.3 Submarine Communication Market 2019-2024 ($M)
11.APAC Submarine & Satellite Cable & Connectors Market By Component Market 2019-2024 ($M)
11.1 Cable & Cable Assemblies Market 2019-2024 ($M) - Regional Industry Research
11.2 Electronic & Mechanical Connectors Market 2019-2024 ($M) - Regional Industry Research
12.APAC Submarine & Satellite Cable & Connectors Market By Industry Market 2019-2024 ($M)
12.1 Satellite Industry Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Military & Defense Market 2019-2024 ($M)
12.1.2 Commercial Market 2019-2024 ($M)
12.1.3 Civil Market 2019-2024 ($M)
12.1.4 Government Market 2019-2024 ($M)
12.2 Submarine Industry Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Oil & Gas Market 2019-2024 ($M)
12.2.2 Energy & Power Market 2019-2024 ($M)
12.2.3 Submarine Communication Market 2019-2024 ($M)
13.MENA Submarine & Satellite Cable & Connectors Market By Component Market 2019-2024 ($M)
13.1 Cable & Cable Assemblies Market 2019-2024 ($M) - Regional Industry Research
13.2 Electronic & Mechanical Connectors Market 2019-2024 ($M) - Regional Industry Research
14.MENA Submarine & Satellite Cable & Connectors Market By Industry Market 2019-2024 ($M)
14.1 Satellite Industry Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Military & Defense Market 2019-2024 ($M)
14.1.2 Commercial Market 2019-2024 ($M)
14.1.3 Civil Market 2019-2024 ($M)
14.1.4 Government Market 2019-2024 ($M)
14.2 Submarine Industry Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Oil & Gas Market 2019-2024 ($M)
14.2.2 Energy & Power Market 2019-2024 ($M)
14.2.3 Submarine Communication Market 2019-2024 ($M)

LIST OF FIGURES

1.US Cables And Connectors Market Revenue, 2019-2024 ($M)
2.Canada Cables And Connectors Market Revenue, 2019-2024 ($M)
3.Mexico Cables And Connectors Market Revenue, 2019-2024 ($M)
4.Brazil Cables And Connectors Market Revenue, 2019-2024 ($M)
5.Argentina Cables And Connectors Market Revenue, 2019-2024 ($M)
6.Peru Cables And Connectors Market Revenue, 2019-2024 ($M)
7.Colombia Cables And Connectors Market Revenue, 2019-2024 ($M)
8.Chile Cables And Connectors Market Revenue, 2019-2024 ($M)
9.Rest of South America Cables And Connectors Market Revenue, 2019-2024 ($M)
10.UK Cables And Connectors Market Revenue, 2019-2024 ($M)
11.Germany Cables And Connectors Market Revenue, 2019-2024 ($M)
12.France Cables And Connectors Market Revenue, 2019-2024 ($M)
13.Italy Cables And Connectors Market Revenue, 2019-2024 ($M)
14.Spain Cables And Connectors Market Revenue, 2019-2024 ($M)
15.Rest of Europe Cables And Connectors Market Revenue, 2019-2024 ($M)
16.China Cables And Connectors Market Revenue, 2019-2024 ($M)
17.India Cables And Connectors Market Revenue, 2019-2024 ($M)
18.Japan Cables And Connectors Market Revenue, 2019-2024 ($M)
19.South Korea Cables And Connectors Market Revenue, 2019-2024 ($M)
20.South Africa Cables And Connectors Market Revenue, 2019-2024 ($M)
21.North America Cables And Connectors By Application
22.South America Cables And Connectors By Application
23.Europe Cables And Connectors By Application
24.APAC Cables And Connectors By Application
25.MENA Cables And Connectors By Application
26.Alcatel-Lucent, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Amphenol Corp., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Axon Cable, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Esterline Technologies Corp., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Fujitsu, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Huawei Technologies Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Nexans S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Prysmian Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.TE Connectivity Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)