The cables and connectors are the wires that are used to connect the power supply and data cables to machines, systems and electronic devices. The Cables & Connectors Market is expected to generate revenue of 125.3 billion by 2022 and to grow at a CAGR of 11.1% from 2016-2022 with high use of connector cable products.
Topics Covered in this report:
Scope and Regional Forecast of the Cables & Connectors Market:
In the Cables & Connectors Market, Asia Pacific is the largest and dominating region and is expected to grow at a CAGR of 13.0% through 2022. North America is the second leading region and occupied around 28.0% of global market share for cable connection products in 2015.
The CAT5/CAT6 products are the leading product type in the Cables & Connectors Market and expected to grow at a CAGR of 10.9% from 2016-2022 with high use of component cable products. USB connector is poised to witness the fastest growth at a CAGR of 13.3% with high data storage capacity and increasing demand for digital data storage by 2022.
In the Cables & Connectors Market, commercial industry that includes telecom and IT, healthcare and electronic industries occupies the largest segment with 38% of the global share with high use of connector cable. It is anticipated to grow at a CAGR of 10.65 during 2016-2022.
The Cables & Connectors Market is a fast growing market with high demand for cables and connectors for connection purposes in various end user applications across the globe. This market is expected to have high demand owing to the rise in production of coaxial connection units and connectors and cables for computer cable connections and high demand for different computer cable connections and coaxial cable types in end use applications across the globe during 2014-2022.
Segmentation and Key Players of the Cables & Connectors Market:
The Cables & Connectors Market is segmented into various categories by product type, by industry vertical and by geography as follows:
By product type: HDMI, USB, VGA, DVI, CAT5/CAT6 and Others
By industry vertical: Aerospace and Defense, Oil & Gas, Commercial (IT & Telecom, Electronics, and Healthcare), Energy & Power, Automotive and Others (Civil and Government)
By geography: North America, Europe, Asia Pacific and LAMEA
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The key players in the Cables & Connectors Market are as follows:
There is high demand for coaxial cabling products for connecting various devices and systems in end user industries across the globe through 2022.
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