The cables and connectors along with cable assemblies play a vital role in the integration mechanism of different systems & subsystems of the space satellites and submarine infrastructure. The ability of these cables & connectors to withstand harsh physical and chemical environment in order to operate in varying atmospheric conditions are the key factors that has led to the need of such cables. Furthermore, growing need for fiber optic interconnectivity to address the increasing data usage is a key factor that has necessitated the demand of these products.
Miniaturization of satellite along with demand for high-speed net connectivity are key factors that drive the growth of the world cables & connectors market. The natural disaster & maritime threats which affects submarine cables are the restraining factors that hinder the growth of the market. Various entry barriers faced by start-ups & SMEs are factors that hampers the growth of the market. High-end applications and improvement in services coupled with huge investments made in projects related to offshore wind energy are major factors that will offer ample growth opportunities to the market. Offering standard component and decreasing quality of devices are key market challenges to be overcome by key market players.
The world cables and connectors market is segmented on the basis of component, application, industry and geography. On the basis of components, the market is segmented into cable & cable assemblies, electronic & mechanical connectors and other components. On the basis of applications, the market is segmented into testing and manufacturing/production. On the basis of industries, the market is segmented into satellite industry and submarine industry. The satellite industry is further segmented into military & defense, commercial, civil, and government sector. The submarine industry is further segmented into oil & gas, energy & power, submarine communication and others. On the basis of geography, the market is segmented into North America, Europe, APAC and LAMEA.
Prominent companies operating in the market are Alcatel-Lucent, Amphenol Corp., Axon Cable, Esterline Technologies Corp., Fujitsu, Huawei Technologies Co. Ltd., Molex, Inc., Nexans S.A., Prysmian Group and TE Connectivity Ltd.
KEY BENEFITS FOR STAKEHOLDERS:
CABLES AND CONNECTORS MARKET KEY SEGMENTS:
Cables and Connectors Market By Component
Cables and Connectors Market By Application
Cables and Connectors Market By Industry
Industrial Wireless Sensor Network Market By Geography
Key Company Profile