Cable Connector Market Share

Global Cable Connector Market Overview:

Cable Connector Market Size was valued at USD 87.18 Billion in 2023. The Cable Connector industry is projected to grow from USD 93.58 Billion in 2024 to USD 164.98 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.34% during the forecast period (2024 - 2032). Due to the worldwide shift to digital technology, the demand for cable connections is increasing. The main market drivers of the market's growth are dependable connectivity, high performance, and efficiency. Business, industry, security, and the media all depend on high-performance networks.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cable Connector Market Trends

• Increasing automotive sector is driving the market growth

The demand for versatile miniature connectors, compliance with RoHS regulations, UL certification, IP ratings, and intelligent connectors with EMI/RFI suppression features are just a few of the important market trends. New automotive technology has changed how wiring is done in automobiles. Power, signal, and data transmission reliability under approved conditions depends on the important electrical components. The development of hybrid electric and electric vehicles has broadened the possibilities for transferring reliable connector technology from race cars to robotics in the form of autonomous vehicles. As a result, design, materials, and cable connectors have all undergone significant advancement. The manufacturers of cable connections are placing more and more emphasis on creating cutting-edge products in response to the growing need for connectors that can meet the needs of modern autos. For instance, in December 2021, Hirose Electric created the GT50 Series, a new wire-to-board connector. This tiny, dependable product line can withstand heat up to 125 degrees Celsius and has a 1mm pitch, making it perfect for automotive applications. The automotive industry's current trend change towards electric vehicles quickly displacing conventional internal combustion engines (ICE) engines is also anticipated to promote the growth of the cable connection market CAGR.

Additionally, the development of the market under study has been made possible by the rising number of fixed broadband connections. ITU reports that there had been a large increase in global fixed broadband subscriptions over the previous five years, which presents a growth opportunity for the market under investigation because connectors are needed to install these connections. The International Telecommunication Union predicts that by 2021, there will be roughly 1.3 billion fixed broadband connections worldwide.

Furthermore, the telecom industry is projected to play an even bigger role as 5G wireless technology begins gaining traction among businesses and consumers. The real-time visibility, comprehension, and control over an organization's assets, products, and services is what 5G expressly promises to provide. High-speed connection and fiber optic cable providers can help solve the issues associated with building the infrastructure required to deploy 5G networks. A better link is currently being sought, hence the copper-based mobile backhaul architecture is being replaced with packet-based transport through fiber. Fiber optic links, which have far bigger bandwidth capacity, are required to create 5G networks that can handle the further expansion of speeds. Thus, driving the cable connector market revenue.

Cable Connector Market Segment Insights:

Cable Connector Type Insights

The Cable Connector Market segmentation, based on type, includes PCB connectors, circular/rectangular connectors, fiber optic connectors and I/O connectors. The circular/rectangular connectors segment dominated the market. With limited internal space, rectangular connectors are created to maximize signal integrity. These connections can be made with various materials, including molded plastic and die-cast metal. Having reliable wire-to-wire and wire-to-board connections in mind, these were primarily designed. In robotics, industrial automation, transportation, modular machine design, and power generation, rectangular connectors are used more commonly.

Figure 1: Cable Connector Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cable Connector Vertical Insights

The Cable Connector Market segmentation, based on vertical, includes IT & telecommunication, automotive, commercial, aerospace & defense, consumer electronics, industrial, energy & power and oil & gas. The automotive category generated the most income. With the implementation of more sophisticated electronic systems, including audio controls, diagnostic systems, cruise control, driver assistance systems, and infotainment systems, the automobile industry is predicted to experience a considerable need for connectors. In addition, the market is anticipated to rise due to the rising popularity of electric vehicles.

Cable Connector Product Type Insights

The Cable Connector Market segmentation, based on product type, includes external cables and connectors and internal cables and connectors. The internal cables and connectors category generated the most income. Electronic gadgets must have internal cables and connectors to transfer power and data between various internal components.

Cable Connector Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific cable connector market area will dominate this market. One of the key elements propelling the growth of the cable connectors market is the ongoing development of communication technologies and the expansion of other end-user industries in the Asia Pacific region. Additionally, businesses have adopted automated processes in industrial applications more readily thanks to IT and communications assistance.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Cable Connector Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe cable connector market accounts for the second-largest market share. The European region has a thriving consumer electronics industry supported by a high-tech networking infrastructure. The demand for consumer electronics products like smart air conditioners is rising due to the trend towards a smart home, which is driven by technical advancements and necessitates better connectivity and bandwidth. Further, the German cable connector market held the largest market share, and the UK cable connector market was the fastest growing market in the European region

North America Cable connector Market is expected to grow at the fastest CAGR from 2024 to 2032. The North American region is one of the main drivers of the cable connectors market due to its high internet penetration and developing communication infrastructure. These advancements necessitate more connections, increasing the demand for cable connectors in the region. Having 19 LTE networks and being one of the top 5G network development regions, North America will have four 5G networks operational by September 2019. Moreover, US cable connector market held the largest market share, and the Canada cable connector market was the fastest growing market in the region.

Cable Connector Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the cable connector market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, cable connector industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global cable connector industry to benefit clients and increase the market sector. In recent years, the cable connector industry has offered some of the most significant advantages to market. Major players in the cable connector market attempting to increase market demand by investing in research and development operations include Amphenol Corporation, Molex Inc. (Koch Industries)​, Fujitsu Limited, AVX Corporation​, AMETEK Inc., TE Connectivity Limited, HARTING Technology Group, Huawei Technologies Co. Ltd, Axon Cable SAS, Leoni AG, Aptiv PLC, Yazaki Corporation, Huber+Suhner AG, Nexans S.A., Sumitomo Wiring Systems Ltd., ITT Interconnect Solutions, Korea Electric Terminal Co. Ltd., PRYSMIAN S.P.A., 3M and ALCATEL-LUCENT.

Amphenol Corporation is a significant manufacturer of coaxial cables, electronic and fiber optic connectors, and cable and interconnect systems. Amphenol combines American Phenolic Corp., the company's original name. In 1932, Amphenol was established in Chicago. The company offers goods in various electronic markets, such as the medical, information technology, wireless infrastructure, industrial, automotive, military-aerospace, mobile, and pro audio markets. In September 2021, a 112Gb/s interconnected technology was announced based on Amphenol ICC and eTopus Technology devices. The greatest bandwidth was crammed into each communication channel using the 112Gb/s four-level pulse amplitude modulation (PAM4) connection. Amphenol's ExaMax2 connector and a 1-meter copper cable were used to validate the technology.

Product offerings for electrical and optical communication are made by Huber+Suhner AG (Huber Suhner). The company's product line includes splitters, filters, attenuators, antenna products, connectors, coaxial cables, cable assemblies, lightning protectors, adapters, and cable switches. It also offers fiber management systems, hybrid installation systems, and EMP protectors. The business sells its goods to various customers, including those in the industrial, automotive, aerospace, defense, and industrial markets. In May 2022, the innovative Fiber-to-the-Home (FTTH) modular connection solution from HUBER+SUHNERA was the first to let customers install some of their fiber.

Key Companies in the cable connector market include

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  Amphenol Corporation

  
  


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  Molex Inc. (Koch Industries)​

  
  


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  Fujitsu Limited

  
  


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  AVX Corporation​

  
  


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  AMETEK Inc.

  
  


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  TE Connectivity Limited

  
  


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  HARTING Technology Group

  
  


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  Huawei Technologies Co. Ltd

  
  


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  Axon Cable SAS

  
  


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  Leoni AG

  
  


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  Aptiv PLC

  
  


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  Yazaki Corporation

  
  


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  Huber+Suhner AG

  
  


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  Nexans S.A.

  
  


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  Sumitomo Wiring Systems Ltd.

  
  


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  ITT Interconnect Solutions

  
  


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  Korea Electric Terminal Co. Ltd.

  
  


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  PRYSMIAN S.P.A

  
  


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  3M

  
  


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  ALCATEL-LUCENT

  
  

Cable Connector Industry Developments

September 2022: Pre-configured cable assemblies were added to the AUTOMATE Type A MiniFAKRA product line by Amphenol RF. According to the manufacturer, these assemblies include straight quad port miniFAKRA jacks on both ends and are made for low-loss TFC302LL. In order to prevent contact damage during mating, these connectors are also built with a closed entrance cable interface that restricts the size of mating pieces.

August 2022: BittWare launched PCIe 5.0/CXL FPGA Accelerators with Intel Agilex M-Series and I-Series to encourage memory and interconnectivity gains while lowering risk.

November 2021: According to TE Connectivity, new connectors created to interact with robots and UAVs have been launched. The connector is enclosed in a plastic component that can withstand high temperatures to protect the device from harsh surroundings. Additionally, the connector has contact position locks to hold the housing in place during intense and frequent vibration events.

Cable Connector Market Segmentation:

Cable Connector Type Outlook 

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  PCB Connectors

  
  


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  Circular/Rectangular Connectors

  
  


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  Fiber Optic Connectors

  
  


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  I/O Connectors

  
  

Cable Connector Vertical Outlook 

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  IT & Telecommunication

  
  


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  Automotive

  
  


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  Commercial

  
  


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  Aerospace & Defense

  
  


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  Consumer Electronics

  
  


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  Industrial

  
  


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  Energy & Power

  
  


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  Oil & Gas

  
  

Cable Connector Product Type Outlook 

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  External Cables and Connectors

  
  


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  Internal Cables and Connectors

  
  

Cable Connector Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  

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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
  • 
    

    India

    
    
  
  
  • 
    

    Australia

    
    
  
  
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    South Korea

    
    
  
  
  • 
    

    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America