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Value of Cable Assembly Market Estimated at US$ 292.6 Billion by 2031, TMR Study – PR Newswire UK

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01 Sep, 2022, 02:30 BST
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WILMINGTON, Del., Sept. 1, 2022 /PRNewswire/ — The cable assembly market is projected to expand at a CAGR of 6.2% during the forecast period from 2022 to 2031. Integral role of cable assemblies in the production of diverse products, ranging from home electronics to wearables is driving the cable assembly market. Cable assemblies are extensively used in mass production, and are useful in saving time for an entire machine or individual equipment, due to numerous advantages such as high performance, minimal wastage of cable, and ease of set up among others.
Range of attributes of cable assembly that make them significant for interconnecting electronic equipment, systems and components influences cable assembly market size. Cable assemblies feature an extensive range of connectors and terminals, which helps control input, output, data, and electrical current in an efficient and effective manner.
Asia Pacific is at the forefront of global cable assembly market due to the presence of large number of cable assembly manufacturers in Japan, India, and China.
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Cable Assembly Market – Key Findings of the Report
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Cable Assembly Market – Growth Drivers
Cable Assembly Market – Key Players
Some of the key players operating in the cable assembly market are;
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The cable assembly market is segmented as follows;
Cable Assembly Market, by Type
Cable Assembly Market, by End-use Industry
Cable Assembly Market, by Region
Electronics and Semiconductors Research Report 
Wire and Cable Marketwire and cable market is expected to reach the value of US$ 285.05 Bn by the end of 2031, It is estimated to expand at a CAGR of 5.3% from 2021 to 2031.
Subsea Cables Equipment Market – subsea cable equipment market is projected to expand at a moderate CAGR of ~5% during the forecast period.
Fiber Optic Cable Market – Fiber Optic Cable Market is expected to expand at an exponential CAGR of 7% during the forecast period of 2020-2030. It is accounted to cross US$ 15Bn by 2030.
Cable Management Accessories Market – Cable Management Accessories Market is estimated to reach a value of ~US$ 2.9 Bn by 2027, expanding at a CAGR of ~8% during the forecast period.
Sensing Cable Market – Sensing Cable Market is projected to expand at a CAGR of more than 6% during the forecast period, and reach a value of more than US$ 1,300 Mn by 2027.
Ceramified Cable Market – The market for ceramified cable is forecast to grow steadily to become US$ 277.0 Mn by 2026 from US$ 175.8 Mn in 2017, at a CAGR of 5.2%.
OPGW Cable Market – OPGW cable market is expected to reach US$ 797.1 Mn by 2026. The market is projected to expand at a CAGR of 5.07% during the forecast period from 2018 to 2026.
Marine Cables and Connectors Market – Marine Cables And Connectors Market was estimated at US$ 8869.8 Mn in the year of 2016 and is anticipated to expand at a CAGR of 5.3% throughout the forecast year.
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Transparency Market Research registered at Wilmington, Delaware, United States, is a global market intelligence company provides syndicated research reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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