London, 13 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global cable assembly market 2015-2019, which is expected to grow at a CAGR of 9.15% during the forecast period of 2014-2019.
The market is observing growing demand from space satellites and the submarine sector. This sector demands smooth on-time operations avoiding costly downtime, which has successfully triggered the demand for high-end cable assemblies globally. The growing demand by industries for cable assemblies that are designed so that the number of cables used in a system is reduced and that are capable of performing multi-level functions is prompting manufacturers to invest in R&D and manufacture cables with multiple features.
“There is a growing preference for suppliers of a cable assembly that can design, develop, and market all of their products,” says Faisal Ghaus, Vice President of Technavio.
“Moreover, these suppliers are also involved in custom cabling and carrying out the testing operations of their manufactured products.”
Key Market Drivers
- Growing Popularity of Video-on-Demand and Internet Protocol
- Increase in Demand from Automotive, Computers and Peripherals, and Telecom and Datacom Sectors
- Industrial Applications Demanding One-stop Cable Assembly Solutions
- Demand from Space Satellites and Submarine Sector
Key Market Trends
- Custom Cable Assembly Manufacturing
- Provision of Turnkey Cable Assembly Solutions
- Emergence of Smart Cables
Key Market Vendors
- Bizlink Tech
- Copartner
- Datwyler
- Foxlink
- Yazaki
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
