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Cable Connector Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Cable Connector Market is segmented by Type (PCB Connectors, Circular/Rectangular Connectors, Fiber Optic Connectors, IO Connectors), End-user Vertical (IT and Telecom, Automotive/Transportation, Consumer Electronics, Industrial), and Geography.

Market Snapshot

Cable Connector Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: 3.68 %

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Market Overview

The Cable Connector Market was valued at USD 62.43 billion in 2020, and is expected to reach USD 78.63 billion by 2026, registering a CAGR of 3.68%, during the forecast period (2021-2026). Connectivity products are crucial for the manufacture of critical medical devices like ventilators and monitoring devices. Electronics companies have been considered essential businesses in several regions and, even amid constraints, for providing OEMs with the parts necessary to manufacture the products required to protect and care for people affected by COVID-19 and at the same time taking precautions to protect their employees.

The majority of the vendors are manufacturing edge-computing power connectors to facilitate the flow of highly sensitive data from the device to the cloud and back again. This factor is essential for manufacturing connectors for AI and augmented reality. Further, the pandemic has led China to announce a lockdown and practice social isolation in the initial months of 2020. This factor halted manufacturing, as well as the production of various equipment and machinery for several weeks. Furthermore, the country also restricted its import and export of critical raw materials and industrial equipment. This factor is impacting the supply chain.

  • The market for cable connectors is booming, owing to the global digital transition. Reliable connectivity, high performance, and efficiency are the major factors boosting the growth of the market studied. High-performance networks are essential for business, manufacturing, security, and media. Furthermore, cables, such as USB Type-C and HDMI, are hugely popular.
  • The growing number of fixed broadband connections over the years has enabled the growth of the market studied. According to ITU, the number of global fixed broadband subscriptions increased by 9% annually in the last five years. This increase in broadband connections will provide an opportunity for the growth of the market studied, as the installation of these connections require connectors. Furthermore, the penetration of the internet extensively among the developing nations worldwide is expected to boost the demand for RF cable further. For instance, Latin America had 368 million internet users in 2017, which is poised to reach 465 million by 2022. Also, by 2023, APAC is expected to have 3.1 billion Internet users (72% of the regional population), an increase from 2.1 billion (52% of the local population) in 2018, as per Cisco’s survey.
  • The use of cable connectors for miniature applications is rapidly growing. Several key markets, including mobile technology, aerospace and defense, and medical technology, drive the growth of the market. The mobile phone and TV market witnessed high growth in the past decade. As of May 2020, Times Microwave Systems, an RF/Microwave interconnect solutions developer, released a new Time Locking Miniature Push-On (TLMP) connector to cater to the increasing demand for micro-miniature interfaces for applications with high data rate or board-to-board systems in military, aerospace, and space flight applications. The smartphones and other handheld devices require smaller and lower -profile components, including micro -connectors capable of providing very high data speeds.
  • Most of the data and power connections use RF connectors and cables, and these trends are likely to continue with high-speed data, enterprise networking, and industrial IoT applications. Furthermore, as the adoption of the Industrial Internet of Things (IIoT) is increasing in Europe and APAC, the connector companies are turning to M12 cable connectors. The new IIoT equipment is expected not to use the legacy serial connectors, such as RS-232, RS-485, and other legacy and D-shell type connectors. The IIoT equipment will deploy newer connectors, such as USB, CAT 5/6/7, HDMI, and DisplayPort, to name a few. Besides, a comprehensive view of the manufacturing process under IIoT is accomplished by placing networked sensors on physical equipment to collect data. These sensor-based data is transmitted back to a central location for the decision-makers to access it.

Scope of the Report

Cables and connectors are connectivity devices that are used to transmit data, signal, and power supply for electronic devices across different industries. Cables are electrical conductors where each cable, wire are insulated from one another. Some of the examples of cables include USB, IDE, and CAT5. Moreover, the connectors are electro-mechanical devices used for joining electrical terminations. The connectors comprise of plugs and jacks. Connectors are also referred to as input-output connectors and form the interface for linking electronic devices with the help of cables.

Type
PCB Connectors
Circular/Rectangular Connectors
Fiber Optic Connectors
IO Connectors
Other Types
End-user Vertical
IT and Telecom
Automotive/Transportation
Consumer Electronics (Including Computer, Peripherals, and Business Equipment)
Industrial
Other End -user Verticals (Submarine, Aerospace, Energy and Power, and Medical)
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Key Market Trends

Automotive is Expected to Hold Significant Share

  • The automotive sector is projected to witness a strong demand for connectors, aided by the adoption of highly advanced electronic systems, such as audio controls, driver assistance systems, diagnostic systems, cruise control, and infotainment systems. Moreover, the increasing popularity of electric vehicles is also expected to boost the growth of the market. Some of the significant market trends in the segment include innovations and design improvements to meet the quality and reliability standards of devices, demand for versatile miniature connectors, the popularity of RoHS - compliant, UL recognized, and IP -rated connectors, as well as smart connectors with EMI/RFI suppression features.
  • In 2019, the Japanese motorcycle manufacturers, namely Honda, Kawasaki, Suzuki, and Yamaha, announced a new collaboration to standardize replaceable battery technology for electric motorcycles. As Motorcycles are smaller than vehicles, they use less energy. However, the high -performance models use automotive connectors with data pins and the same connectors for smart charging. This has led to connector introductions with higher pin densities for analog and digital signals and fully isolated terminals, to be placed next to power rails to optimize the use of the limited space available.
  • New automotive technologies have altered the ways cars are wired. The critical electrical components are required to reliably transmit power, signal, and data in certified conditions. The hybrid electric and electric vehicle has expanded the vision for applying robust connector technology from race cars to robotics in the form of autonomous vehicles. This has led to a significant development in design and material, driving the connector to reduce weight by 20 % to 30 %, in comparison to the standard models.
  • In January 2020, Japan Aviation Electronics (JAE) launched a new set of connectors, the MX80 Series of compact waterproof in-line connectors for automotive applications. As the need for high-performance automobiles increases, the number of built-in electronic components increases as well. This leads to limited mounting and wiring space, and the demand for smaller connectors becomes ever more evident. MX80 Series connectors support various vehicle applications such as side-view mirrors, actuating motor functions, indicator lights, blind-spot monitors, etc. They are waterproof and possess a small-form-factor for use in internal or external vehicle environments.
Cable Connector Market Share

Asia-Pacific is Expected to Witness the Fastest Growth Rate

  • The continuous advancements in communication technologies are the major factors boosting the growth of the cable connectors market, precisely the demand for and the production of consumer electronics in the region. Moreover, the support by IT and communications for automated processes in industrial applications facilitated the easier adoption among the manufacturers. Sensor components, faster networks, flexible interfaces with high levels of reliability and secured hierarchical access, and error-correction options added to the productivity, continued quality deliveries, and minimized manufacturing cost in the region.
  • For instance, according to the Chinese government, the industrial IoT (IIoT) market is expected to witness growth, accounting for around USD 65 billion by 2020. Furthermore, the Japanese government approved a plan, known as the ‘Rebirth of Japan,’ which outlines the route towards strengthening the manufacturing sector by targeting the development of USD 1.3 trillion. It is expected that, by 2023, the revenue of the companies in the industrial area are expected to increase by USD 490 billion, as a result of the adoption of the standards of Industry 4.0.
  • On the domestic front, India has significant plans for smart cities. This factor is facilitating the approval of the smart home. Furthermore, Jio’s policies and prices for JioFiber and a couple of individual Jio IoT devices would aid the affordability of smart homes in the country. The telecom operator has provided details about some of the personal IoT devices that will promote smart home ecosystems in most homes. The advancements such as these are expected to boost the demand for connectors in the region.
  • The industrial expansions in China resulted in a significant improvement in the standard of living. These factors boosted the demand from the home and industrial markets for modern goods and services. This factor is expected to have a positive impact on the growth of the cable connectors market. For instance, the Chinese government and the local vendors are actively promoting the plans for the development of 5G, with the deployment of the same expected by the end of 2020. This initiative is expected to develop upgrades across communication infrastructure while installing better cable connectors and other equipment.
Cable Connector Market Growth Rate

Competitive Landscape

The Cable Connector Market is fragmented, as the players can quickly enter the market, owing to the rising demand and low capital investment required. Moreover, the acquisitions have been a key trend observed across the years in the market. Some of the key players include Amphenol Corporation, Molex Inc. (Acquired by Koch Industries), Fujitsu Limited, TE Connectivity Limited,3M Company, Prysmian SpA, among others.

  • March 2020 - TE Connectivity (TE) launched STRADA Whisper cable receptacles, which can allow engineers to start designing for up to 112G PAM-4 data rates in servers, switches, and routers. These cable receptacles incorporate STRADA Whisper connectors on one end and connect to a variety of other high-speed solutions on the other, including backplane, mid-board, or input/output (I/O) products, bypassing the printed circuit board (PCB) and minimizing insertion loss and crosstalk.

Recent Developments

  • December 2020 - HUBER+SUHNER, a developer and manufacturer of components and system solutions for electrical and optical connectivity, expanded its critical communications portfolio with the full integration of Kathrein Special Communications. This development further strengthens its ability to deliver a host of products and solutions for critical applications.​
  • February 2020 - Prysmian Group launched its 288-fiber ezMICRODUCT cable. With the use of 200-micron fiber, the cable has an outer diameter of only 8 mm. The cable's design includes 24 fibers per tube, making the fibers easier to identify and fit into standard splicing trays. The fiber cable will operate in the -40°F to 158°F temperature range.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Market Drivers

      1. 4.4.1 Growing Advancements In The Telecom Sector Coupled With Greater Demand for Improved Connectivity

    5. 4.5 Market Challenges

      1. 4.5.1 Volatile Prices of Raw Material

    6. 4.6 An Assessment of the Impact of COVID -19 on the Industry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 PCB Connectors

      2. 5.1.2 Circular/Rectangular Connectors

      3. 5.1.3 Fiber Optic Connectors

      4. 5.1.4 IO Connectors

      5. 5.1.5 Other Types

    2. 5.2 End-user Vertical

      1. 5.2.1 IT and Telecom

      2. 5.2.2 Automotive/Transportation

      3. 5.2.3 Consumer Electronics (Including Computer, Peripherals, and Business Equipment)

      4. 5.2.4 Industrial

      5. 5.2.5 Other End -user Verticals (Submarine, Aerospace, Energy and Power, and Medical)

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Amphenol Corporation

      2. 6.1.2 Molex Inc. (Koch Industries)​

      3. 6.1.3 Fujitsu Limited

      4. 6.1.4 AVX Corporation​

      5. 6.1.5 AMETEK SCP (AMETEK Inc.)​

      6. 6.1.6 TE Connectivity Limited

      7. 6.1.7 HARTING Technology Group​

      8. 6.1.8 Huawei Technologies Co. Ltd

      9. 6.1.9 Axon Cable SAS

      10. 6.1.10 Leoni AG

      11. 6.1.11 Aptiv PLC

      12. 6.1.12 Yazaki Corporation

      13. 6.1.13 Huber+Suhner AG

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OF THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Cable Connector Market market is studied from 2018 - 2026.

The Cable Connector Market is growing at a CAGR of 3.68% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Amphenol Corporation, TE Connectivity Limited, AVX Corporation​, Fujitsu Limited, Molex Inc. are the major companies operating in Cable Connector Market.

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