The Europe Cables and Connector Market would witness market growth of 9.7% CAGR during the forecast period (2020-2026). Factors such as the need for greater bandwidth, higher current, higher speed and higher voltage are likely to drive the growth trajectories of the global cable and connector market. Furthermore, the growth of the commercial aerospace industry is also projected to fuel demand growth due to the growing need for light weight solutions. Frequent cable and connector wear and tear are expected to have moderate restricting effects on the market's growth. These wires are susceptible to severe damage as a result of their widespread use in the submarine industry and can impede signal transmission and prevent continued operations.
A large number of cables and connectors are expected to be used in the use of wireless technologies such as Wi-Fi, RF and Bluetooth. This factor paves the way to the growth of this market. Increasing technological penetration, such as the Internet of Things (IoT), is expected to help increase demand for efficient and secure data connectivity and transmission. In turn, the need for cable connectors can increase with this factor.
HDMI or High Definition Multimedia Interface is used to transmit uncompressed digital video and audio data from a display controller to a computer monitor, digital television, or video projector. Further, CAT5 or Category 5 cable and connectors are used for the transmission of telephonic and video signals. In addition, SATA or serial ATA is used to connect hard drives, solid state drives and other drives such as CD and DVD drives to computers. Due to the increasing use of consumer electronics like computers, laptops, mobile phones and tablets, the USB segment is expected to have a significant share over the forecast period.
Based on Product Type, the market is segmented into External Cables & Connectors and Internal Cables & Connectors. Based on Vertical, the market is segmented into Commercial, Automotive, Aerospace & Defense, Energy & Power and Others. Based on Installation Type, the market is segmented into CAT5/CAT6, USB, VGA, HDMI, DVI and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Cables and Connector Market in Europe is expected to register a CAGR of 9.7% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Nokia Corporation, Fujitsu Limited, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), TE Connectivity Ltd., Amphenol Corporation, TransDigm Group, Inc. (Esterline Technologies Corporation), Axon Cable SAS, Nexans SA, and Sumitomo Electric Wiring Systems, Inc.
Market Segmentation:
By Product Type
By Vertical
By Installation Type
By Country
Companies Profiled
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