Cable Assembly Market Size

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.