Asia Pacific Cable Connector Market size was valued at US$ 23.4 Billion in 2020 and the total Asia Pacific Cable Connector revenue is expected to grow at 6.97% through 2021 to 2027, reaching nearly US$ 37.5 Billion.
When it comes to the APAC region, the Chinese cable connector market is expanding faster than any other. Foxconn and Luxshare are two of the top ten cable connector manufacturers in the world. Cable connectors manufactured in China are generally low-end and high-end connectors, but low-end connectors are in high demand in the country.
Asia Pacific Cable Connector Market Report Scope and Research Methodology
The report on Asia Pacific Cable Connector market provides qualitative and quantitative analysis of market development determinants, limitations, opportunities, and issues from a market. The Asia Pacific Cable Connector market research was conducted by dividing the market into main segments and further dividing it into various sub-segments. The region-wise analysis of the market including dynamics and Asia Pacific Cable Connector market size has been provided by the report. The research by SMR on the Asia Pacific Cable Connector industry is a combination of both primary and secondary research methods, which makes the report authentic. To estimate the and regional Asia Pacific Cable Connector market size, the bottom-up approach was used. SMR's report is the result of a study that used various methodologies such as the PESTLE, PORTER, and SWOT analysis. The study used these models to shed light on the key financial considerations that Asia Pacific Cable Connector market players must focus on while developing marketing strategies for both consumer and industrial markets.
Asia Pacific Cable Connector Market Report Overview
The research is based on forecasts from major organizations as well as market statistics. A detailed analysis at, regional and country market levels with a competitive scenario during the forecast period and individual firm valuations, are all included in Asia Pacific Cable Connector market research. The report on the Asia Pacific Cable Connector market enlightens about the growth variables, current market share, technological developments, applications, and regional penetrations by 2027.
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Asia Pacific Cable Connector Market Key Players:
Yazaki Corporation
Huawei Technologies Co. Ltd
Sumitomo Wiring Systems Ltd.
Korea Electric Terminal Co., Ltd.
Yazaki
JAE
J.S.T
Foxconn
Luxshare
Asia Pacific Cable Connector Market Dynamics:
The growing demand for miniaturized cable connectors as industrial requirements to save more space on general-purpose PCBs is one of the major drivers in the APAC cable connector market. As smartphone consumption in APAC countries increased, PCBs needed to accommodate more and more transistors. This extra space needed for transistors can be compensated for by shrinking the size of PCB connectors. One of the major drivers in the APAC cable connector market is the rising demand for USB cable connectors in countries with high smartphone consumption, such as India and China.
Asia Pacific Cable Connector Market Segmentation:
In 2020, the coaxial cable segment dominated the APAC market by product. This segment is also expected to grow at the fastest rate during the forecast period, with a CAGR of 6.3%. (2021-27). The rapid adoption of 5G and IoT is the primary driver of the coaxial cable connector segment's growth. China is the region's leading producer and consumer of coaxial cables. Zhejiang Shengyang Science and Technology, Zhongtian RF Cable, and others are among the major Chinese coaxial cable manufacturers. In terms of growth, the fiber optics cable connector segment is expected to trail the coaxial cable segment. In the same forecast period, it is expected to grow at a CAGR of 5.8%.
The Industrial and Manufacturing vertical is expected to dominate the APAC market by 2027. This is due to China having the highest industrial manufacturing output in the world, accounting for more than 30% of the global total. Broadcasting equipment, computers, Integrated Circuits, and telephones are among the top Chinese exports. These are the major segments of the cable connector market. In the APAC cable connector market, the IT & Telecom segment is expected to grow at a CAGR of 5.9%. Energy & Power is expected to have a sizable market share in the APAC cable connector market by the end of the forecast period. It can be attributed to countries such as China and Japan's high exports of electrical power accessories.
Asia Pacific Cable Connector Market Regional Analysis
The Asia Pacific Cable Connector market report consists of an analysis of all the regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. During the research, the primary geographic condition with segments and sub-segments analysis has been provided in the report. The current state of the regional market is provided in the report in terms of market size, share, and volume.
Key Questions answered in the Asia Pacific Cable Connector Market Report are:
Key offerings:
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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 16, 2023