"The Growing Cable Assembly Market is trending due to Increased Usage of Electronic Devices"
The cable assembly market comprises cables and connectors that join two or more electronic devices together. Cable assemblies find wide application in computers, consumer electronics, industrial equipment, telecom infrastructure, medical devices, automotive components and military equipment. They enable transmission of power, data and signals between electronic components, circuit boards and peripheral devices. The growing usage of smartphones, laptops, tablets and other electronic gadgets has significantly increased demand for cable assemblies in the consumer electronics sector. Advancements in networking, artificial intelligence, VR and automation also utilize cable assemblies and drives the market's growth. The Global Cable Assembly Market is estimated to be valued at US$ 167.40 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Cable Assembly market are Amphenol Corporation, Molex LLC, T