According to a new market research report, now available on ASDReports, "Cables & Connectors Market for Satellite and Submarine Industries by Components (Cable and Cable Assemblies, Connectors and Others), Application (Testing and Manufacturing), Industries and Geography- Analysis and Forecast (2012-2020)", the total cables and connectors market was valued at $18.90 billion in 2013 and is expected to reach up to $43.55 billion by 2020, at a CAGR of 12.76% between 2014 and 2020.
The cables and connectors market has faced its highs and lows, however has managed to register a healthy growth rate. This market is expected to show moderate growth in the next five years. Satellite miniaturization, heavy investment in submarines for military modernization, and the demand for high-speed connectivity are the primary factors that are contributing to the growth of this market. Huge investments made in offshore wind energy projects along with, upcoming application and services in the satellite and submarine industries are expected to propel the market in the future.
This report provides a detailed analysis of the overall cables and connectors market and segments the same based on component, application, industry, geography.
The objective of the research study was to analyze the market trends for each of the industries, the growth rates of the various components (Cables & cable assemblies, electronic & mechanical connectors, and others, and the demand comparison for both (satellite & submarine) the industries.
Apart from the market segmentation, the report also covers the Porter’s Five Forces analysis, the market’s value chain with a detailed process flow diagram, and the market dynamics such as the drivers, restraints, and opportunities in the overall cables and connectors market.
This report profiles all the major companies involved in the Cables and Connectors Market such as Alcatel-Lucent (France), Amphenol Corp. (U.S.), TE Connectivity Ltd. (Switzerland), Prysmian Group (Italy), Nexans S.A (France), Fujitsu (Japan), Axon Cables (France), Molex, Inc. (U.S.), Esterline Technologies Corp. (U.S.), and Huawei Technologies Co. Ltd. (China).
Source: ASDReports - Market Research
Date: Mar 18, 2015