The Global Cable Assembly Market is Gaining Momentum driven by Rising Demand for Connected Devices
The cable assembly market offers a wide range of cables to interconnect electronic components and devices. Cable assemblies find applications across various end-use industries such as automotive, telecommunication, data processing, industrial machinery among others. They offer reliable transmission of power and data with high level of immunity to electromagnetic interference and are manufactured according to industry as well as custom specifications. The increasing demand for connected devices, electronics miniaturization and automation is driving the need for cable assemblies. The Global Cable Assembly Market is estimated to be valued at US$ 167.40 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the cable assembly market are Amphenol Corporation, Molex LLC, TE Connectivity Ltd., Belden Inc., Prysmian Group, Carlisle Interconnect Technologies, Nexans SA, L. Gore & Associates Inc., Pandui...