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Tuesday, January 11, 2022

Global Cable Assembly Market Is To Be Driven By The Increasing Popularity Of Fiber Optics, Among Other Product-Types Owing To Its Excellent Properties In The Forecasted Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Cable Assembly Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the Global Cable Assembly Market, assessing the market based on its segments like product, end-use and major regions. The report examines the latest industry trends and their impact on the overall market. It also evaluates market dynamics, including key demand and price indicators, as well as market analysis using the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 6.4%

Growing internet access and internet-connected gadgets around the world are expected to accelerate the growth of the worldwide cable assembly market, particularly fibre optic cables. Additionally, rising cloud computing and data transfer are expected to drive the global cable assemblies market during the forecast period.

Industry Definition and Major Segments

Cable assemblies combine several cables or wires into a single unit. For cable assembly, various enclosures such as straps, ties, lacing, sleeves, electrical tapes, extruded string weaving, or a combination of these are employed.

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On the basis of the product, the market can be divided into:

• Rectangular
• RF
• Circular
• Fibre Optics
• Others

On the basis of the end-use, the market can be segmented into:

• Automotive
• Consumer Electronics
• Telecom and Datacom
• Industrial
• Aerospace and Defence
• Others

The regional markets for the Global Cable Assembly Market include:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

Market Trends

One of the major drivers driving market expansion is the growing popularity of fibre optics, among other product kinds, due to their superior features. The growing demand for high-speed data transmission in data centres, servers or data networks and communication devices has increased the demand for high-performance wires, which has aided the global cable assembly industry. Manufacturers are capitalising on this need and, as a result, are focusing on delivering speedy and dependable data transmission solutions with high-speed cable assemblies, which is projected to help the market over the projection period.

Key Market Players

The major participants in the market are Amphenol Corporation, 3M Company [NYSE: MMM], Corning Inc., Molex Incorporated, TE Connectivity Ltd and others. The report covers market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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