Market Highlights
The Cable Connector Market Share is projected to register a CAGR of 8% during the forecast period of 2020–2026.
Regional Analysis
The global Cable Connector Market Trends is estimated to grow at a significant rate in the near future. The geographic analysis of the cable connector market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world. Cable connectors components that build a bridge for communication between the blocked or isolated connections in the circuit so that the current flows and the circuit realize the predetermined function.
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For analysis purposes, the global cable connector market has been segmented based on type, vertical, and region.
Connectors are used to join subsections of circuits together. Usually, a connector is used where it may be desirable to disconnect the subsections in the future: power inputs, peripheral connections, or boards that may need to be replaced. There are three types of cable connectors in a basic cabling installation technique—twisted-pair connectors, coaxial cable connectors, and fiber-optic connectors. Generally, cable connectors have a male component and a female component. Usually, jacks and plugs are symmetrically shaped, but sometimes they are keyed. This means that they have a unique, asymmetric shape or some system of pins, tabs, and slots that ensure that the plug can be inserted only one way in the jack.
By type, the global cable connector market has been segmented into PCB connectors, circular/rectangular connectors, fiber optic connectors, I/O connectors, and others. PCB connectors are mounted or processed to a printed circuit board (PCB). These connectors provide exceptional performance in both low-voltage differential signaling (LVDS) and embedded DisplayPort (eDP) applications. The I/O ports and connectors on the back panel of the system are the gateways through which the system communicates with external devices, such as a keyboard, mouse, printer, and monitor.
By vertical, the global cable connector market has been segmented into IT & telecommunication, automotive, commercial, aerospace & defense, consumer electronics, industrial, energy & power, oil & gas, and other. The connectors are primarily corrosion-resistant with material and plating options and a very high salt spray rating. The rugged design reliably transfers power, signals, and data. Cable connectors offer field-proven reliability and durability with optional flange mounting, multi-pin arrangements, lower cost, and design flexibility. Such durable connectors provide high performance and reliability in harsh environments.
By region, the cable connector market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. In 2019, North America dominated the cable connector market and is expected to maintain its dominance throughout the forecast period. Increasing investments by the governments in the region to improve connectivity and the rising demand for better connectivity are expected to propel the market growth in this region. On the flip side, Asia-Pacific is expected to witness the fastest growth over the forecast period. The increasing deployment of data centers in developing countries is one of the key factors fueling the regional market growth.
Key Players
Some of the prominent players operating in the cable connector market are Amphenol Corporation, Molex Inc. (Koch Industries), Fujitsu Limited, AVX Corporation, AMETEK Inc., TE Connectivity Limited, HARTING Technology Group, Huawei Technologies Co. Ltd, Axon Cable SAS, Leoni AG, Aptiv PLC, Yazaki Corporation, Huber+Suhner AG, Nexans S.A., Sumitomo Wiring Systems Ltd., ITT Interconnect Solutions, Korea Electric Terminal Co., Ltd., PRYSMIAN S.P.A., 3M, and ALCATEL-LUCENT.
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