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Cable Connectors and Adapters Market

Cable Connectors and Adapters Market
Global Cable Connectors and Adapters Market : Urban Demand for Digitization to
Play Key Role
According to a research report recently released by Transparency Market Research,
Amphenol Corp, TE Connectivity, General Cable, and L-Com Global Connectivity have
been among the leading players in the global cable connectors and adapters market
till 2015. The creations of alliances and partnerships with domestic players is one of
the currently implemented strategies by the leading players. An example for this is
the introduction of L-Com Global Connectivity’s CGU2AB-series cables that support
USB 2.0 standards in October 2015. These cables are aimed at delivering highperformance connectivity at a low price.
The leading players in the global cable connectors and adapters market are likely to
explore further opportunities through aggressive pricing strategies in the near future,
in order to generate higher sales volume. More and more players are beginning to
work closely with their customer base to further develop and design products that
could better suit the dynamic specific needs, in turn improving their own brand
value. They are expected to steadily overcome the limitations in design such as small
product sizes while bringing about improvements such as lower weigh and better
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According to the TMR report, the global cable connectors and adapters market is
expected to reach US$85.75 bn by the end of 2022, rising from its 2014 evaluation of
US$47.78 bn and expanding at an optimistic CAGR of 7.8% from 2014 to 2022. For
the same forecast period, external cable connectors and adapters are expected to
expand at a leading pace, thereby maintaining their already earned lead in the
market in terms of demand volume. From a regional perspective, Asia Pacific led the
global cable connectors and adapters market and is also likely to continue in this
position over the coming years, owing to the growing number of datacenters in
Indonesia, Australia, India, and China.
Digitization Trends Herald Fresh Demand for Advanced Cable Connectors and
“Governments and private companies alike are showing an increasing interest in the
digital realm. Programs initiated by numerous governments to promote digital trends
across industry verticals and operations has so far been the leading driver for the
proliferation on the Internet on a global scale, consequently driving the global cable
connectors and adapters market,” states a TMR analyst. Effective technology
application and communication solutions are becoming increasingly necessary as more
and more critical data is being accessed or transmitted across digital platforms. The
awareness about social media and accessibility to information through these mediums
has additionally created need for better and more secure Internet connectivity,
thereby stirring an unprecedented demand for cable connectors and adapters. The
global cable connectors and adapters market is also being boosted by increasing
expenditure on IT and telecom services by the commercial sector to meet consumer
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Influx of Wireless Technologies to Hinder Cable Demand
The evolution of wireless technologies has progressively threatened to make wired
technologies, cable connectors, and adapters obsolete. This is bottlenecking the global
cable connectors and adapters market to a large extent by simply removing their
need, while users begin adopting and adapting to smartphones, tablets, laptops, and
other PDAs. The widespread use of wireless technologies in developing and developed
markets due to benefits such as high-speed data transmission is expected to restrict
the sales of cable connectors and adapters in the near future.
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