Market Size of Cable Connector Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 102.81 Billion |
Market Size (2029) | USD 146.24 Billion |
CAGR (2024 - 2029) | 7.30 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Cable Connector Market Analysis
The Cable Connector Market size is estimated at USD 102.81 billion in 2024, and is expected to reach USD 146.24 billion by 2029, growing at a CAGR of 7.30% during the forecast period (2024-2029).
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 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.
- The growing number of fixed broadband connections over the years has enabled the growth of the market studied. According to ITU, the number of global fixed broadband subscriptions increased significantly in the last five years, which provides an opportunity for the growth of the market studied, as the installation of these connections requires connectors. According to the International Telecommunication Union, the number of fixed broadband connections globally will increase to about 1.3 billion in 2021.
- The use of cable connectors for miniature applications is rapidly growing. Several key markets, including mobile technology, aerospace and defense, and medical technology, drive the market's growth. Smartphones and other handheld devices also require smaller and lower-profile components, including micro-connectors capable of providing very high data speeds. For example, 10 Gbps board-to-board connectors are standard, and some advanced miniature board-to-board connectors can handle up to 20 Gbps. Therefore, the growth of consumer electronics is having a direct impact on the demand for cable connectors.
- Furthermore, most data and power connections use RF connectors and cables, and these trends will likely continue with high-speed data, enterprise networking, and industrial IoT applications. With the adoption of the Industrial Internet of Things (IIoT) increasing in Europe and APAC, the connector companies are turning to newer connectors, such as USB, CAT 5/6/7, HDMI, and DisplayPort, to name a few. For instance, in July 2021, Wurth Elektronik launched WR-UMRF (Ultra-Miniature RF Coaxial Connector), an extremely compact high-frequency coaxial connector.
- However, the factors such as complex fault identification and correction procedure, fluctuation in raw material prices used to manufacture cable connectors, and the development of wireless connectivity technologies such as Bluetooth, and wireless HDMI transmitters, among others, are challenging the growth of the studied market.
- The outbreak of COVID-19 had a notable impact on the growth of the studied market as it led China, along with other countries, to announce a lockdown and practice social isolation during the initial phase. This factor halted the manufacturing and production of numerous pieces of equipment and machinery for several weeks. Furthermore, various restrictions imposed on importing and exporting critical raw materials and industrial equipment significantly disrupted the supply chain. However, the market is expected to regain momentum with restrictions lifted in almost all parts of the world.
Cable Connector Industry Segmentation
Cables and connectors are connectivity devices that are used to transmit data, signals, and power supply for electronic devices across different industries. Connectors are also referred to as input-output connectors and form the interface for linking electronic devices with the help of cables.
The report offers a comprehensive analysis of the demand and supply as well as current and future trends of the cable connectors market. The studied market has been segmented by type, end-user vertical, and geography. The study also includes the impact assessment of COVID-19 on the cable connectors market.
By Type | |
PCB Connectors | |
Circular/Rectangular Connectors | |
Fiber Optic Connectors | |
IO Connectors | |
Other Types |
By End-user Vertical | |
IT and Telecom | |
Automotive/Transportation | |
Consumer Electronics (Including Computer, Peripherals, and Business Equipment) | |
Industrial | |
Other End -user Verticals (Submarine, Aerospace, Energy and Power, and Medical) |
By Geography | |
North America | |
Europe | |
Asia Pacific | |
Latin America | |
Middle East and Africa |
Cable Connector Market Size Summary
The cable connector market is experiencing significant growth, driven by the global digital transition and the increasing demand for reliable connectivity across various sectors. The proliferation of media and entertainment, coupled with the rising penetration of the internet in emerging economies, has led to a surge in the number of television and internet subscribers, as well as users of smartphones, PDAs, and tablets. This trend has created a substantial demand for cable connector adapters, which are essential for establishing effective networking. The market is further bolstered by the growing number of fixed broadband connections, which necessitate the installation of connectors. The demand for high-performance networks is crucial for industries such as business, manufacturing, security, and media, with popular cables like USB Type-C and HDMI playing a pivotal role. Additionally, the market is witnessing a rapid increase in the use of cable connectors for miniature applications, driven by key sectors such as mobile technology, aerospace and defense, and medical technology.
In the automotive sector, the demand for cable connectors is expected to rise significantly due to the adoption of advanced electronic systems in vehicles, including audio controls, driver assistance systems, and infotainment systems. The growing popularity of electric vehicles, which require more sensors and electronic components, is also contributing to market expansion. The Asia Pacific region is experiencing robust growth, fueled by advancements in communication technologies and the rise of the Industrial Internet of Things (IIoT). The region's focus on intelligent factory automation and the expansion of 5G networks are further propelling the demand for cable connectors. The market is characterized by fragmentation, with numerous players entering due to lower initial investment requirements. Acquisitions have been a common strategy among larger companies to reduce competition and expand their market presence. Key players in the market include Amphenol Corporation, Fujitsu Limited, TE Connectivity Limited, and Huawei Technologies Co. Ltd., who are continuously innovating to meet the evolving demands of various industries.
Cable Connector Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of the Impact of COVID-19 on the Industry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 PCB Connectors
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2.1.2 Circular/Rectangular Connectors
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2.1.3 Fiber Optic Connectors
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2.1.4 IO Connectors
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2.1.5 Other Types
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2.2 By End-user Vertical
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2.2.1 IT and Telecom
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2.2.2 Automotive/Transportation
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2.2.3 Consumer Electronics (Including Computer, Peripherals, and Business Equipment)
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2.2.4 Industrial
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2.2.5 Other End -user Verticals (Submarine, Aerospace, Energy and Power, and Medical)
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2.3 By Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia Pacific
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2.3.4 Latin America
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2.3.5 Middle East and Africa
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Cable Connector Market Size FAQs
How big is the Cable Connector Market?
The Cable Connector Market size is expected to reach USD 102.81 billion in 2024 and grow at a CAGR of 7.30% to reach USD 146.24 billion by 2029.
What is the current Cable Connector Market size?
In 2024, the Cable Connector Market size is expected to reach USD 102.81 billion.