Cable Assembly Market to grow at a CAGR of 6.53% from 2022 to 2027

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12 Jul, 2023, 04:30 ET

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NEW YORK, July 12, 2023 /PRNewswire/ -- The cable assembly market is expected to grow by USD 72 billion during the five-year forecast period, according to Technavio. As per the latest report, the market will progress at a CAGR of 6.53% from 2022 to 2027 according to Technavio. The introduction of high-speed cable assemblies is a major trend in the market. Cable assemblies enable the transfer of data by ensuring quick and dependable communication. For example, Samtech's AcceleRate enables high-speed data transfer at speeds exceeding 56 Gbps using pulse amplitude modulation with four-level (PAM4) speeds. As the need for fast data transmission grows in products like computers and data centers, there is also an increasing demand for high-speed cable assemblies. Hence, these technological advancements are expected to drive market growth during the forecast period. View the new Sample Report within minutes!

Key Drivers- The rising demand for electric vehicles (EVs) is a key factor driving market growth.

Significant Challenges- The production of ultra-miniature RF cable assemblies is a significant challenge restricting market growth.

Cable Assembly Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Amphenol Corp., Aptiv, BizLink Holding Inc, Cablecraft Motion Controls LLC, Carlisle Companies Inc., Carrio Cabling Corp., Copartner Tech Corp., Corning Inc., Fischer Connectors Holding SA, Japan Aviation Electronics Industry Ltd., Koch Industries Inc., Minnesota Wire & Cable Co., Nexans SA, NKT AS, Prysmian Spa, RF Industries Ltd., Samtec Inc., Smiths Group Plc, TE Connectivity Ltd., and W. L. Gore and Associates Inc. are some of the major market participants. Although the Increasing demand for EVs will offer immense growth opportunities, the Availability of counterfeit and grey-market products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Cable Assembly Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our cable assembly market report covers the following areas:

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Cable Assembly Market 2023-2027: SegmentationCable Assembly Market is segmented as below:

The market share growth in the application-specific segment will be significant during the forecast period. Application-specific cable assemblies are designed for particular uses and are custom-made. Furthermore, these cable assemblies are widely utilized in the automotive, medical, telecommunications, military, and defense industries. For instance, application-specific cable assemblies are used in defense/military vehicles that are designed to withstand hard environments and extreme weather conditions. Hence, these factors are expected to drive segment growth during the forecast period.

To learn more about the impact of different segments on the market growth, Request a Sample PDF Report!

Cable Assembly Market 2023-2027: Key Highlights

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Cable Assembly Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.53%

Market growth 2023-2027

USD 72 billion

Market structure

Fragmented

YoY growth 2022- 2023 (%)

6.14

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 59%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Amphenol Corp., Aptiv, BizLink Holding Inc, Cablecraft Motion Controls LLC, Carlisle Companies Inc., Carrio Cabling Corp., Copartner Tech Corp., Corning Inc., Fischer Connectors Holding SA, Japan Aviation Electronics Industry Ltd., Koch Industries Inc., Minnesota Wire & Cable Co., Nexans SA, NKT AS, Prysmian Spa, RF Industries Ltd., Samtec Inc., Smiths Group Plc, TE Connectivity Ltd., and W. L. Gore and Associates Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data, you are looking for, you can reach out to our analysts and get customized segments.

Table Of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio