According to a new report Global Cables and Connector Market, published by KBV research, The Global Cables and Connector Market size is expected to reach $140.5 billion by 2026, rising at a market growth of 9.9% CAGR during the forecast period.
Over the forecast period, the commercial segment would acquire a dominant share. The cable & connector market is growing as a result of advances in the IT industry and an increasing focus of companies and organizations on high-performance transmission systems. Due to greater flexibility in cables & connectors and the increased need for continuous connectivity, the oil & gas sector is nevertheless expected to grow at the highest rate during the forecast period.
The External Cables & Connectors market dominated the Global Cables & Connector Market by Product Type 2019. The Internal Cables & Connectors market is expected to witness a CAGR of 11.8% during (2020 - 2026).
Asia-Pacific was the dominant region for the Cables and Connector Market and is projected to maintain its position throughout the forecast period. The main drivers of market growth in this region are huge investments in infrastructure, energy and technological development and increased government support for Asia-Pacific developing countries. Due to the growing demand for faster and advanced IT/telecom cables in the Middle East countries, however, LAMEA is expected to experience substantial growth throughout the projected period. The North America market is expected to witness a CAGR of 9.2% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/cables-and-connector-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Product Type
By Vertical
By Installation Type
By Geography
Companies Profiled
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