Cable Assembly Market - By Cable Length (Short Cable Assemblies, Medium Cable Assemblies, Long Cable Assemblies), By Product Type, By Industry Vertical & Forecast, 2024 – 2032

Cable Assembly Market Size

Cable Assembly Market was valued at USD 169 billion in 2023 and is anticipated to grow at a CAGR of over 6% between 2024 and 2032. The increasing demand for fast data transfer and the growing digitalization has boosted the adoption of cable assemblies to cater to the needs of high-speed data transmission in industries such as telecommunication, data centers, and networks.
 

For instance, in May 2023, Amphenol RF expanded its pre-configured cable assembly portfolio with SMA assemblies on low loss LMR-100A cable, manufactured by its sister division, Amphenol Times Microwave. The full Amphenol solution uses the company’s SMA connector interface which features a threaded coupling mechanism for secure and reliable connection which complements the low-loss nature of the LMR-100A cable type. LMR-100A cable can be used to easily replace RG-174 and RG-316 in wireless communication systems that require a routed low loss RF cable.
 

The rollout of 5G networks requires high-performance cable assemblies to support faster data transmission and higher bandwidths. This is leading to a rise in demand for advanced Radiofrequency (RF) and fiber optic cable assemblies. Advancements in electronics are leading to smaller, more compact devices. This trend drives the need for miniaturized cable assemblies that can fit into tight spaces while maintaining performance. The proliferation of IoT devices, which require reliable connectivity for communication, is boosting the demand for specialized cable assemblies that can handle diverse data transmission needs.
 

Dependence on specific raw materials, such as copper, aluminum, and various polymers, makes the cable assembly industry particularly vulnerable to supply chain disruptions. These disruptions can stem from a variety of factors, which can significantly impact the availability, cost, and timely delivery of essential materials.
 

Cable Assembly Market Trends

The rising trends in multi-fiber cable assemblies are agitated by the need for higher data transmission capacities, improved efficiency, and adaptability to rapidly enhancing technological landscapes. As industries, such as data centers, telecommunications, and 5G networks, continue to expand, the demand for innovative and high-performance multi-fiber cable assemblies is expected to rise. Companies that can stay ahead of these trends by adopting advanced manufacturing techniques, focusing on sustainability, and offering customizable solutions will be well-positioned to succeed in this dynamic market.
 

For instance, in August 2021, TE Connectivity (TE), a world leader in innovative connectivity solutions for high-speed computing and networking applications, announced its multi-fiber cable assemblies, which can provide high signal data connectivity routing through only one cable connecting multiple units in the field instead of one assembly for each. TE's multi-fiber cable assemblies can save space, simplify connections, and offer an economic upgrade solution as they are intended for use without requiring an upgrade of customer applications.
 

The rise in the automotive sector is encouraging the development of cable assemblies. The increasing adoption of autonomous driving technologies requires reliable and high-performance cable assemblies for sensor integration and communication systems. Many organizations are collaborating and forming definite solutions for various domains to configure customer demands. The transition to Electric Vehicles (EVs) necessitates specialized cable assemblies for battery management systems, power distribution, and charging infrastructure.
 

For instance, in June 2022, Amphenol, a global industrial leader in connectors and specialized cable assemblies, and ABB Installation Products collaborated and worked on high-performance electrical solutions to meet the evolving needs of e-mobility, infrastructure, robotics, and transportation customers. The alliance aims to expand ABB’s existing product lines including Harnessflex cable management solutions, PMA cable & conduit systems, and Kopex cable protection.
 

Cable Assembly Market Analysis

Based on industry vertical, the market is segmented into automotive, telecommunications, consumer electronics, aerospace & defense, healthcare, energy & utilities, and others. The telecommunications segment is the fastest growing market and is anticipated to reach a value of over 50 billion by 2032.
 

• The telecommunication segment of the market is experiencing significant growth due to the rapid advancements in technology and increasing demand for connectivity. Trends, such as the 5G rollout, expansion of fiber optic networks, rise of IoT, and emphasis on sustainability, are shaping the future of this segment. Companies that can innovate and adapt to these trends will be well-positioned to capitalize on the growing opportunities in the telecommunication cable assembly industry. For instance, in October 2023, NAI, a leading manufacturer of end-to-end connectivity solutions for high-performance systems in the industrial, telecom, data and medical industries, established several facilities within its plants in Hermosillo, Mexico and Suzhou, China. These operations are dedicated to the design, prototyping, and testing of cable assemblies, harnesses, box builds, and panel builds.
   

Based on cable length, the market is divided into short cable assemblies, medium cable assemblies, and long cable assemblies. The medium cable assemblies segment dominated the market having a market size of over 75 billion in 2023.
 

• With the rise of smart factories and Industry 4.0 initiatives, sophisticated cable assemblies are in demand for connecting various sensors, actuators, and control systems. These assemblies must be robust, reliable, and capable of handling complex data and power requirements. There is a growing trend toward customization, with manufacturers offering tailored cable assembly solutions to meet specific application requirements. This includes custom lengths, unique connector configurations, and specialized shielding. For instance, in April 2024, Amphenol TPC Wire & Cable, a leading supplier of high-performance wire, cable, connectors, and assemblies for harsh industrial environments, launched its latest innovation, ATPC Medium-voltage Cables. ATPC's products are constructed to meet a wide range of design challenges across high-reliability applications in various end markets such as automotive, food & beverage, wood pulp & paper, metals, shipyard, utility, mining, and industrial automation.
   

The cable assembly market is experiencing significant growth in Asia Pacific, with a projected CAGR exceeding 7% from 2024 to 2032. This surge in demand can be attributed to several key factors driving the adoption of cable assemblies across diverse industries. Many establishments in Asia Pacific already have robust cabling infrastructure in place. Cable assemblies remain a popular choice due to their proven track record of performance and reliability despite the emergence of wireless and advanced digital communication technologies. Businesses and consumers in Asia Pacific trust cable assemblies for their connectivity needs, especially in critical applications where reliability and efficiency are paramount.
 

Additionally, the growing demand for cloud computing, big data analytics, and IoT (Internet of Things) is driving the expansion of data centers in the US. This expansion requires high-performance cable assemblies to ensure reliable connectivity and data transfer. Other growing countries like Japan is investing in renewable energy sources, such as solar and wind power, to reduce its reliance on fossil fuels. Cable assemblies are crucial for connecting and integrating renewable energy systems, facilitating efficient power distribution. Also, South Korea is a major player in the global electronics and semiconductor markets. The demand for high-performance cable assemblies is rising to support the manufacturing and operation of cutting-edge electronic devices and semiconductor equipment.
 

Cable Assembly Market Share

Amphenol Communications Solutions and TE Connectivity together held a significant share of the market in 2023. Amphenol, a global leader in interconnect solutions, offers a comprehensive range of products and services through its Communications Solutions division. Amphenol Communications Solutions is a provider of high-quality and innovative connectivity solutions tailored to meet the evolving needs of various industries.
 

TE Connectivity (TE) is a global technology leader specializing in connectivity and sensor solutions, with a significant presence in the cable assembly industry. The company's extensive portfolio and expertise make it a key player in this market, catering to a wide range of industries and applications.
 

Cable Assembly Market Companies

Major players operating in the cable assembly industry are:

• Amphenol Communications Solutions
• TE Connectivity
• Corning Inc.
• Aptiv
• Fischer Connectors Holding SA
• BizLink Holding Inc
• Smiths Group Plc
   

Cable Assembly Industry News

• In October 2023, HUBER+SUHNER AG introduced the SUCOFLEX 526 E/EA and 540 E/EA/S microwave cable assemblies for test and measurement applications. Along with these two new entrants to its already established and popular SUCOFLEX 500 series, the company’s entire cable assembly portfolio offers frequencies of up to 70GHz.
   
• In September 2021, Amphenol RF announced the expansion of its SMA to AMC cable assembly series. The additions to this line feature the durable straight SMA plug connector and the ultra-miniature right angle AMC connector on a 1.13 mm micro coax cable. These assemblies are ideal for IoT and antenna applications with internal space constraints.
   

The cable assembly market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2021 to 2032, for the following segments:

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Market, By Cable Length

• Short cable assemblies
• Medium cable assemblies
• Long cable assemblies

Market, By Product Type

• Copper cable assemblies
• Fiber optic cable assemblies
• Power cable assemblies
• Data cable assemblies
• Signal cable assemblies
• Ribbon cable assemblies
• Radiofrequency (RF) assemblies
• Circular assemblies
• Printed Circuit Board (PCB) assemblies
• Others

Market, By Industry Vertical

• Automotive
• Telecommunications
• Consumer electronics
• Aerospace & defense
• Healthcare
• Energy & utilities
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA