Cable Assembly Market 2018-2022 with leading players like Amphenol, BizLink, Koch Industries, TE Connectivity, Copartner Tech

In the Global Cable Assembly Market identifies Amphenol, Bizlink Holding, Copartner Tech, Molex, and TE Connectivity as the leading players. A comprehensive analysis of this market is also presented by application (automotive, computers and peripherals, telecom, industrial, and defense and aerospace, and others) and by geography (APAC, Europe, North America, and ROW).

Governments of various countries are investing huge amounts in renewable energy sources like thermal, nuclear, wind, and solar energy due to the depletion of non-renewable sources. China, Japan, India, the Netherlands, the UK, Germany, Sweden, and the US are the major countries investing in renewable energy projects such as solar, wind and biomass. The governments of these countries are encouraging the installation of solar photovoltaic (PV) panels for residential use by offering subsidies. Technavio’s market research report identifies that the growing demand for solar power will be one of the primary growth drivers for the global cable assembly market till 2021. Solar energy installations include PV and thermal technologies. During 2016, solar energy accounted for 2% of utility-scale electricity generation, which is expected to grow at a huge momentum in the forthcoming years. This in turn, will boost the installation of solar panels. These solar panels use connector and cable assemblies to transfer the energy to batteries. Consequently, the demand for cable assemblies will also increase. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

The advancement in the telecommunication sector and the emergence of 5G networks will drive the demand for fiber optic cable that can transmit signals at the speed of light. This encouraged companies to focus on the development of high-speed cable assemblies, which is one of the key trends that will gain traction in the cable assembly market during the forecast period. These advanced cable assemblies are considered as the future of the telecommunication sector as they enhance the speed of transmission.

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Competitive landscape and key vendors

The cable assembly market is well-diversified due to the presence of many global, local, and regional vendors. A large number of regional vendors are increasingly focusing on offering high-quality products at lower prices when compared to the global vendors. New vendors are finding it easy to enter the market due to the low investment requirements and a huge variation in the product segment.

Key vendors in this market are -

  • Amphenol
  • Bizlink Holding
  • Copartner Tech
  • Molex
  • TE Connectivity

Other prominent vendors in the market include 3M, Cable Manufacturing & Assembly Company, Edec, Foxconn Electronics, Glenair, Global Connector Technology, IDEAL INDUSTRIES, ITT, PSC Electronics, Smiths Group, TMB, and W. L. Gore & Associates.

Segmentation by application and analysis of the cable assembly market

  • Automotive sector
  • Computers and peripherals sector
  • Telecom sector
  • Industrial sector
  • Defense and aerospace sector

Cable assemblies and wiring harness are extensively used in the automotive industry for different purposes such as audio control, cruise control, brakes, engine, and battery and clutch controls in all vehicles including gasoline, electric, and hybrid vehicles. Electric and hybrid vehicles use more cable or wire harness assembly units in comparison to vehicles that run-on fossil fuels.

Segmentation by geography and analysis of the cable assembly market

  • APAC
  • Europe
  • North America
  • ROW

The demand for products in sectors such as automotive and electronic gadgets and the availability of better communication networks is increasing in APAC due to the growth in the urban population and high per capita incomes. This in turn, will boost the growth in industries like automotive, computer and peripherals, and telecom. This will consequently increase the demand for cable assemblies in the region.

Cable assembly find application in interconnecting components, sub-systems, and equipment used in industries. This upcoming market research report on the global cable assembly market offers insights into the key trends and emerging drivers promoting the growth of the heavy industry segment. Our reports for the heavy industry also follow a meticulous data collection methodology and offer an analysis of fast growing market segments like engineering tools.

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Posted by on Friday August 10 2018, 12:15 PM EST. All trademarks acknowledged. Filed under Consumer Electronics, Energy Storage, Featured Press Release, Manufacturing, Power, Semiconductors, Technology Hardware & Equipment, Technology, Media, & Telecommunications, Telecommunication, Utilities. Comments and Trackbacks closed. Follow responses: RSS 2.0

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