The cable assembly market is expected to grow by USD 65.83 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200319005199/en/
Technavio has published a latest market research report titled Global Cable Assembly Market 2020-2024 (Graphic: Business Wire)
Optical fibers offer faster data transmission, higher bandwidth, and minimal data loss in comparison to copper wires. They enable distortion-free signals with high transmission rates and can withstand harsh external environments, ensuring high durability. Fiber optics have become immensely popular, with an ever-increasing number of network operators upgrading their existing networks to adopt optical technologies.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40576
As per Technavio, the advent of high-speed cable assemblies will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Cable Assembly Market: Advent of High-Speed Cable Assemblies
Technological advances have led to the advent of high-speed cable assemblies. Companies such as Amphenol and Samtech provide high-speed cable assemblies for various applications such as servers, storage, computers, switches, and other data network or communication devices. For instance, AcceleRate, which is provided by Samtech, enables high-speed data transfer at over 56 Gbps pulse amplitude modulation with four-level (PAM4) speeds. Similarly, Amphenol offers various high-speed cable assemblies. Some of them are QSFP+ copper cable assemblies, SFP+ direct attach copper cable assemblies, and QSFP to 4 x SFP+ splitter cable. With the increasing demand for high-speed transmission and high-speed products such as computers and data centers, the demand for high-speed cable assemblies is also expected to rise during the forecast period.
“Increasing demand from aerospace and defense industry and the growth in data centers will have a significant impact on the growth of the cable assembly market value during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Cable Assembly Market: Segmentation Analysis
This market research report segments the cable assembly market by application (automotive, consumer electronics, telecom and datacom, industrial and others), product (application-specific, rectangular, RF, circular, and others), and geography (APAC, Europe, MEA, North America and South America).
The APAC region led the cable assembly market in 2019, followed by Europe, North America, South America, and MEA, respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the rising investments in telecommunication network infrastructure and the increasing adoption of EVs.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
- Consumer electronics
- Telecom and datacom
- North America
- South America
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.