North American Cable Connector Market size was valued at US$ 10.5 Billion in 2020 and the total North American Cable Connector revenue is expected to grow at 6.5% through 2021 to 2027, reaching nearly US$ 16.32 Billion.
In urban areas of the United States, the fastest household broadband connections can reach 10Gbps. These are provided by companies such as Xfinity and Verizon. These businesses generate demand for cable connectors, which are required for installing broadband connections in residential areas. In the United States, for example, there will be 120 million broadband-enabled households by 2020. (over 6 million more than the preceding year). These figures are expected to exceed 200 million by 2027. The increasing consumption of broadband internet in the region is expected to drive the growth of the North American cable connectors market.
North American Cable Connector Market Report Scope and Research Methodology
The report on North American Cable Connector market provides qualitative and quantitative analysis of market development determinants, limitations, opportunities, and issues from a market. The North American 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 North American Cable Connector market size has been provided by the report. The research by SMR on the North American Cable Connector industry is a combination of both primary and secondary research methods, which makes the report authentic. To estimate the and regional North American 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 North American Cable Connector market players must focus on while developing marketing strategies for both consumer and industrial markets.
North American 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 North American Cable Connector market research. The report on the North American Cable Connector market enlightens about the growth variables, current market share, technological developments, applications, and regional penetrations by 2027.
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North American Cable Connector Market Key Players:
• Amphenol Corporation
• Molex Inc. (Koch Industries)
• AVX Corporation
• AMETEK Inc.
• TE Connectivity Limited
• ITT Interconnect Solutions
• Daburn Electronics & Cable and Polytron Devices
• LUTZE, Inc.
• EDAC, Inc.
• CONDUMEX S.A. De C.V.
• Soleil Wire S.A De C.V
North American Cable Connector Market Dynamics:
Higher R&D investments in the fiber optics cable industry are a major driver in the North American cable connector market. In September 2020, AT&T, for example, had coverage of more than 11.7% of the population. Lumentum Holdings, a telecom equipment company based in San Jose, California, reported revenues of over US$ 139 million in September 2021, up from US$ 91 million the previous year. These significant increases in telecom company revenues, which are the primary buyers of cable connectors, are expected to drive market growth during the forecast period (2021-27).
North American Cable Connector Market Segmentation:
Fiber optics had the largest share by type in 2020, accounting for more than 28% of total shares. In the North American region, this segment is expected to grow at an 8.7% CAGR during the forecast period (2021-27). In the same year, the fiber optics cable market was estimated to be worth around US$640 million. In the same year, OFS, the leading fiber optics manufacturer in the United States, generated more than US$ 260 million in revenue, followed by Mouser Electronics, which generated US$ 250 million in revenue. The fierce competition between these two key players is expected to drive the growth of the fiber optic segment in the United States.
By vertical, the Industrial and Manufacturing segment dominated the North American region in 2020. In the same year, the United States' industrial output was US$ 2.3 billion. Different types of cables for automation and power transmission are manufactured in response to rising demand in the manufacturing industry. This, in turn, necessitates the use of cable connectors. For example, Ethernet cable connectors, Sensor cable connectors, PCB cable connectors, and so on.
In terms of growth in the North American region, the IT and telecommunications segments are expected to trail the industrial and manufacturing segments. During the forecast period, this segment is expected to grow at a CAGR of 10.7%. The expansion of the IT & Telecom segment is expected to drive the growth of the data cable connector segment.
North American Cable Connector Market Regional Analysis
The North American 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 North American Cable Connector Market Report are:
Key offerings:
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North American Cable Connector Market , APAC Water Dispenser 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.
North American Cable Connector Market , North American Cable Connector Market Size , North American Cable Connector Market Share , North American Cable Connector Market Growth , North American Cable Connector Market Trends
Mar 16, 2023
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