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Cable Assembly Market Share

Report ID: GMI9797
Published Date: Jun 2024
Report Format: PDF

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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

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for cable assembly was worth USD 169 billion in 2023 and is projected to expand at over 6% CAGR from 2024 to 2032, owing to the increasing demand for fast data transfer and the growing digitalization.

The telecommunications industry vertical segment in the cable assembly industry is projected to reach over USD 50 billion by 2032, due to the rapid advancements in technology and increasing demand for connectivity.

The medium cable length segment in the cable assembly industry recorded over USD 75 billion in revenue in 2023 and is estimated to depict notable CAGR between 2024 and 2032, due to the rise of smart factories and Industry 4.0 initiatives.

Asia Pacific market size is estimated to grow at over 7% CAGR between 2024 and 2032, led by the rising industrial automation, increasing consumer electronics demand, growing automotive industry, and advancements in medical devices.