What is Cable Connectors and Adapters?
Cable Connectors and Adapters are the portion that connects into ports or interfaces and allows electrical devices to communicate with one another. An adapter is a device that connects two or more pieces of electrical or electronic equipment, as well as connecting electrical equipment to a power supply or source. Growing investments to increase connectivity, emergence of new data centres, and the surge in the automotive industry is expected to accelerate the growth in the cable connectors and adapters market. North America is the fastest growing market. With the growing popularity and use of smartphones, laptops, tablets, and other mobile devices, the need for cables, connectors, and adapters has decreased. The widespread usage of wireless technologies and gadgets by customers throughout the world, owing to the benefits of high-speed data transfer, is a key issue that might stymie market development. North America is expected to be the leading market of cable connectors and adapters.
The market study is broken down and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sumitomo Wiring Systems Ltd. (Japan), TE Connectivity Ltd. (Switzerland), Axon Cable (France), 3M Company (United States), ITT Interconnect Solutions (United States), Amphenol Corporation (United States), Fujitsu Ltd. (Japan), Nexans S.A. (France), Korea Electric Terminal Co., Ltd. (South Korea) and Huawei Technologies Co. Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Prysmian S.P.A. (Italy), Alcatel-Lucent S.A. (France) and Yazaki Corporation (Japan).
AdvanceMarketAnalytics has segmented the market of Global Cable Connectors and Adapters market by Type, Application and Region.
On the basis of geography, the market of Cable Connectors and Adapters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation Type, the sub-segment i.e. HDMI will boost the Cable Connectors and Adapters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Cable Connectors and Adapters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering , the sub-segment i.e. Internal Cables and Connectors will boost the Cable Connectors and Adapters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Cable and Cable Assemblies will boost the Cable Connectors and Adapters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Bel Fuse Inc., a United States based leading supplier of products that power, protect and connect electronic circuits has announced acquisition of RMS Connectors, Inc., which is A premier manufacturer of circular connectors for the military and commercial aerospace industries. The acquisition of RMS Connectors will expand the Mil-Spec qualified portfolio of Bel enabling it to offer high quality range of Mil-Spec qualified connectors.
In 2021, Amphenol Corporation, a United States based major producer of electronic and fiber optic connectors, cable and interconnect systems has announced acquisition of Positronic, which specialises in the manufacturing of electronic connectors. The combination of two of industries leading experts in interconnect solutions will allow the combined entity to innovate with new products and expand their existing customer base as well as geographical presence.
- External Cables and Connectors Segment is Expected to Account for Larger Market Share
- Increasing Number of Data Centres
- Surge in Automobile Market due to Emergence of Enhanced In-Vehicle Infotainment System
- Growing Worldwide Investments in Connectivity
- Automotive Sector is expected to Present Huge Opportunities
- Emergence of New Wireless Connectivity Technologies
- Lack of Skilled IT Workers in Developing Countries
Key Target AudienceCable Connectors and Adapters Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.