European Cable Connector Market size was valued at US$ 15.72 Billion in 2020 and the total European Cable Connector revenue is expected to grow at 7.2% through 2021 to 2027, reaching nearly US$ 25.58 Billion.
When compared to other EU countries, the German cable connector market is growing the fastest in Europe. Even in the face of the COVID-19 pandemic, the European cable connector industry remained resilient. Cable connectors are in particularly high demand in prominent EU countries such as Germany and France. Continuous mergers and acquisitions of connector supplier companies in the EU are also major contributors to the growth of the EU cable connector market during the forecast period (2021-27). The pandemic's challenges also compelled businesses to alter their strategies.
European Cable Connector Market Report Scope and Research Methodology
The report on European Cable Connector market provides qualitative and quantitative analysis of market development determinants, limitations, opportunities, and issues from a market. The European 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 European Cable Connector market size has been provided by the report. The research by SMR on the European Cable Connector industry is a combination of both primary and secondary research methods, which makes the report authentic. To estimate the and regional European 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 European Cable Connector market players must focus on while developing marketing strategies for both consumer and industrial markets.
European 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 European Cable Connector market research. The report on the European Cable Connector market enlightens about the growth variables, current market share, technological developments, applications, and regional penetrations by 2027.
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European Cable Connector Market Key Players:
Leoni AG
HARTING Technology Group
Axon Cable SAS
Aptiv PLC
Huber+Suhner AG
Nexans S.A
PRYSMIAN S.P.A.
European Cable Connector Market Dynamics:
The constant mergers and acquisitions of different connector supplier companies in the region are one of the major drivers in the European cable connector market. For example, in March 2020, TE connectivity acquired DRI Realys Inc. In the same month, TE connectivity acquired First Sensor, a key player in sensor technologies.
European Cable Connector Market Segmentation:
In 2020, the Fiber optics cable connector segment dominated the European cable connector market by product. In addition, the fiber optics segment is expected to grow at the fastest CAGR of 8.3% during the forecast period (2021-27). This is due to the increased use of fiber optic cables in the automotive and computer networking industries in European countries such as Germany and France. In 2020, Germany's revenue from fiber optics manufacturing will be US$ 48 billion. During the same forecast period, the signal and control cable segment is expected to grow at a CAGR of 7.2%. This is due to the European region being one of the world's largest consumers of cable television.
In the aforementioned forecast period, the Consumer Electronics segment is expected to grow at the highest CAGR of 7.9%. In terms of revenue, the European consumer electronics market is one of the largest in the world. In terms of revenue, the European consumer electronics market was worth nearly $200 billion.
In terms of growth opportunities, the IT & Telecom segment is expected to trail the consumer electronics segment. During the forecast period, this segment is expected to grow at a CAGR of 6.8%. Germany has one of Europe's largest IT and telecom markets. Telekom Deutschland dominates the German telecom markets. Telekom Deutschland has launched its 5G network in Berlin, Cologne, Munich, Bonn, and Darmstadt.
European Cable Connector Market Regional Analysis
The European 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 European Cable Connector Market Report are:
Key offerings:
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European Cable Connector Market , Middle East and Africa Electric Capacitor Market
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.
European Cable Connector Market , European Cable Connector Market Size , European Cable Connector Market Share , European Cable Connector Market Growth , European Cable Connector Market Trends
Mar 16, 2023
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