Circular/Rectangular is Expected to Dominate the Global Industrial Cable Connector Market

The growing demand for media and entertainment and the increasing penetration of the internet across emerging economies are a major factor attributable to the growth of the market.

According to TechSci Research report, “Global Industrial Cable Connector Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global  Industrial Cable Connector is anticipated to project robust growth in the forecast period with a CAGR of  6.25% through 2028. The growing demand for media and entertainment and the increasing penetration of the internet across emerging economies led to the increase in the number of television and internet subscribers and users of smartphones, PDAs, and tablets. These factors created an immense demand for Industrial Cable Connector adapters, without which effective networking cannot be established.

The market for cable connectors is booming, owing to the global digital transition. Reliable connectivity, high performance, and efficiency are the major factors boosting the market's growth. High-performance networks are essential for business, manufacturing, security, and media. Furthermore, cables, such as USB Type-C and HDMI, are hugely popular.

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Based on End User, Automotive Sector is Expected to Hold Significant Market Share. The automotive sector is projected to witness a strong demand for connectors, aided by the adoption of highly advanced electronic systems, such as audio controls, driver assistance systems, diagnostic systems, cruise control, and infotainment systems. Moreover, the increasing popularity of electric vehicles is expected to boost the market's growth. Some of the significant market trends in the segment include innovations and design improvements to meet the quality and reliability standards of devices, demand for versatile miniature connectors, the popularity of RoHS - compliant, UL recognized, and IP -rated connectors, as well as intelligent connectors with EMI/RFI suppression features. New automotive technologies have altered the ways cars are wired. The critical electrical components are required to reliably transmit power, signal, and data in certified conditions. The hybrid electric and electric vehicle has expanded the vision for applying robust connector technology from race cars to robotics in the form of autonomous vehicles. This has led to a significant development in design, material, as well as cable connectors.

Considering the growing demand for connectors that can fulfill the requirements of modern automobiles, the vendors offering cable connectors are increasingly focusing on developing innovative products. For instance, in December 2021, Hirose Electric developed a new wire-to-board connector, the GT50 Series. This small and robust product series has a 1mm pitch and heat resistance up to 125-degree celsius, making it ideal for use in automotive applications.

Based on Region, Asia-Pacific to be the Fastest Growing Market. The continuous advancements in communication technologies and the growth of other end-user industries in the Asia Pacific region are among the significant factors boosting the development of the cable connectors market. Moreover, the support by IT and communications for automated processes in industrial applications have facilitated easier adoption among manufacturers.

Sensor components, faster networks, flexible interfaces with high levels of reliability and secured hierarchical access, and error-correction options added to productivity, continued quality deliveries and minimized manufacturing costs in the region. Furthermore, with IoT at the center of new technological approaches for the development, production, and the entire logistics chain (otherwise known as intelligent factory automation), the adoption of cable connectors is expected to increase significantly in the region. Furthermore, the growing number of data centers and rising demand for higher bandwidth drive the need for cables and connectors. China is highly focused on taking the lead over global peers in data center construction, with larger enterprises looking to scale up their data centers to ensure stability and reliability of data services, such as the application of 5G, wearable devices, the internet of things, and artificial intelligence spurs a burgeoning demand for computing power.​

The growth of the automotive sector is also expected to be a vital contributor to the development of the cable connectors market in the Asia Pacific region. For instance, according to the China Association of Automobile Manufacturers (CAAM), about 2.9 million battery electric vehicles will be sold in China in 2021.

Key market players in the Global  Industrial Cable Connector Market are following:-

• Amphenol Corporation
• Molex Inc. (Koch Industries)
• Fujitsu Limited
• Prysmian SpA
• Nexans SA
• TE Connectivity Limited
• 3M Company
• Huawei Technologies Co. Ltd
• Axon Cable SAS
• Alcatel-Lucent SA.
• Osram GmbH       

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“One of the key drivers propelling the global Industrial Cable Connector market is the relentless growth in data connectivity demands across industries. In today's digital era, data has become the lifeblood of businesses and essential to personal life. This insatiable appetite for data, driven by factors like the expansion of 5G networks, the Internet of Things (IoT), and the ever-increasing reliance on cloud computing, is a major force fueling the demand for high-performance cable connectors. Cable connectors are the vital link that enables seamless data transmission, power delivery, and signal integrity in a wide range of applications, from smartphones and laptops to data centers and industrial automation systems. As industries continue to push the boundaries of data speed, capacity, and reliability, cable connectors play a central role in meeting these evolving connectivity needs. This increasing demand for robust and efficient cable connectors is expected to continue driving market growth as connectivity remains at the heart of modern life and business operations.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based  global management consulting firm.

Industrial Cable Connector Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented Type (PCB Connectors, Circular/Rectangular Connectors, Fiber Optic Connectors, IO Connectors), By Region, Competition 2018-2028 has evaluated the future growth potential of Global  Industrial Cable Connector Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global  Industrial Cable Connector Market.

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