PUNE, India, July 19, 2024 /PRNewswire/ — Cable connectors are components that are attached to the end of a cable and plug into a port or interface in an electronic system. As critical electromechanical components, connectors play a vital role in establishing secure connections between various devices and facilitating the transmission of signals, energy or data. These connectors come in various types to cater to specific applications and have different pin layouts, contact materials and package designs.
There is an increasing need for technology that can support higher data rates, as evidenced by TE Connectivity’s introduction of an 8-pair shielded RJ45 connector designed for 10GbE speeds in harsh industrial environments. According to Stellar Market Research, the cable connectors market is expected to be valued at USD 96.09 billion in 2023 and reach USD 153.6 billion by 2030, growing at a CAGR of 6.93 percent during the forecast period.
The Cable Connectors market report delves into the complex dynamics of the Cable Connectors industry and provides a comprehensive analysis of the key trends, challenges, opportunities, and market drivers shaping the industry trajectory. Through a thorough research methodology, the report collects and analyzes data with a multifaceted approach that includes both primary and secondary research techniques. This ensures the accuracy, reliability, and depth of insights provided in the Cable Connectors market report, enabling stakeholders to make informed decisions and capitalize on emerging opportunities in the premium financing environment.
Cable Connector Market Scope
Market size in 2023
US$96.09 billion
Market size in 2030
US$153.6 billion
Average annual growth rate
6.93 percent
Forecast Period
2024-2030
Base year
2023
number of pages
229
Number of tables
138
Number of Figures
193
Target segments
By product, type, and industry
Area Coverage
North America, Europe, Asia Pacific, Middle East & Africa, South America
Report Scope
Market Share, Size, Forecast by Revenue | 2024-2030, Market Dynamics, Growth Factors, Restraints, Investment Opportunities, Key Trends, Competitive Landscape, Key Player Benchmarking, Competitive Analysis, MMR Competitive Matrix, Competitive Leadership Mapping, Market Ranking Analysis of Global Key Players.
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Providing key players
Amphenol Communication Solutions has expanded its high-speed cable products to meet the needs of next-generation enterprise server and storage equipment, including PCIe, EDSFF, OCP, and power shelf specifications. The company worked with PCI-SIG to develop PCIe DirectAttached cable riser solutions that support up to PCIe 5.0 32Gb/s and reduce signal loss by using high-speed cables instead of traces on the motherboard. Fujitsu has unveiled a new cable connector series designed for high-speed data transmission, specifically targeting data centers and communications. These connectors are a key part of the company’s efforts to enhance connectivity solutions for 5G networks and other high-demand applications. Huawei has expanded its product range in the cable connector sector, focusing on high-performance connectors designed to meet the requirements of modern communications infrastructure. This includes creating connectors that comply with the latest data transmission standards and enable smooth integration with current systems.
Demand for drive cable connectors due to the electrification of automobiles
Increasing electronic content in automobiles and the electrification of vehicles are driving the demand for advanced cable connections. The transition to electric vehicles (EVs) requires complex electrical systems, driving the demand for superior cable connections. In 2023, the global EV market is expected to grow 35% year-over-year to reach approximately 3.5 million units sold. Within the automotive value chain, this surge creates lucrative opportunities, especially in the manufacturing of cable connections. The manufacturing costs of these complex connectors vary, and the expected increase in the use of electric vehicles will significantly increase revenue from the sale of cable connectors. For example, compared to cars with traditional internal combustion engines, electric cars typically have five times the number of connections, increasing the profitability of manufacturers. In addition, modern cars integrate entertainment, telematics, and advanced driver assistance systems (ADAS), all of which are highly dependent on durable cable connections. By 2025, the weight of a car’s electrical content is expected to be half of the vehicle itself, increasing the need for reliable connectors. By 2025, electrical components in a car are expected to weigh half the weight of the vehicle itself, increasing the need for reliable cable connectors. The use of high-voltage connections in electric vehicles (EVs) that can withstand voltages of up to 800V is one example of progress. Through the development of strong, long-term value chains, these advancements will not only improve the performance and safety of EVs, but also increase profitability across the automotive industry.
Cable Connector Market Analysis by Region
China’s cable connector market is the largest, driven by a growing manufacturing industry, advanced technology integration, and a huge consumer base. An established value chain with multiple local manufacturers helps reduce manufacturing costs and increase profitability. Cable connector sales are directly proportional to the increasing demand for electronic devices, as around 60% of China’s population lives in urban areas. Furthermore, the cable connector market in Japan has seen a significant increase in cable connector sales, driven by high-tech industries leveraging innovations in robotics and automotive technology. The cable connector market in South Korea has seen revenues grow by around 6.5%, driven by a strong electronics and communications sector, backed by significant investments in 5G infrastructure. Government initiatives such as Make in India have created several opportunities for the cable connector market in India. Furthermore, the cable connector market in the United States offers lucrative opportunities, especially in the aerospace, defense, and communications sectors. High-performance connections are essential for critical applications in the U.S. aerospace industry, which has an annual production of over $300 billion and is expected to see continued demand. Further opportunities lie in the renewable energy sector, where the needs of wind and solar power projects necessitate the use of reliable connections for effective power transmission.
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Cable Connector Market Segmentation
By product
Coaxial Cable/Electronic Cable Fiber Optic Cable Power Cable Signal & Control Cable Communication & Data Cable
By Type
PCB Connectors Circular/Rectangular Connectors Fiber Optic Connectors IO Connectors
Vertical direction
IT & Communications Automotive Aerospace & Defense Consumer Electronics Industry & Manufacturing Energy & Power Oil & Gas
Key players in the cable connector market are:
Amphenol Corporation Molex Corporation (Coke Industries) Fujitsu Limited AVX Corporation Ametech Corporation TE Connectivity Corporation Others
Key questions to be answered in the Cable Connectors market are:
What is Cable Connector? What is the current growth rate of the Cable Connector market? Who are the key players in the Cable Connector market? What are the factors influencing the growth of the Cable Connector market? Who holds the largest market share in the Cable Connector market? What are the demand patterns in the Cable Connector market? What are the key trends in the Cable Connector market? What are the growth prospects of the Cable Connector market in developing countries? Which segment is expected to grow the fastest in the Cable Connector market and why?
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Main service:
Historical market size and competitive landscape (2018-2022) Historical pricing and pricing curve by region (2018-2022) Market size, share, size and forecast by segment | 2024-2030 Market Trends – Growth drivers, restraints, opportunities, key trends by region Market Segmentation – Detailed analysis by product, type, vertical and region. Competitive Landscape – Profiles of selected key players by region from a strategic perspective Competitive Landscape – Market leaders, market followers, regional players Competitive benchmarking of key players by region PESTLE analysis PORTER analysis Value chain and supply chain analysis Legal aspects of the business by region Lucrative business opportunities with SWOT analysis Recommendations
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