December 13, 2023 10:28 ET | Source: Transparency Market Research Transparency Market Research
Wilmington, Delaware, United States, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global cable assembly market was estimated at a value of US$ 163.8 billion in 2021. It is anticipated to register a 6.2% CAGR from 2022 to 2031 and by 2031, the market is likely to attain US$ 292.6 billion by 2031. Engine Harness Wiring
In order to support electrical load over the product's lifespan, custom cable assemblies require a metallic conductor. To endure high humidity, high temperatures, electromagnetic interference (EMI), water, salty, particulates, vibration, or any of these conditions, specialized cables must have heavy-duty connections.
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Due to the high power required for electronic equipment, a bigger conductor is necessary to safeguard the cable and electronic devices from harm, which is why conductors in customized cable assemblies are so important. Custom cable assemblies are in more demand as a result. Since customised cable assemblies are made to handle many functions, such as power, signal, and voltages, etc., they are necessary for electronic appliances like home entertainment systems to function at their best.
Global Cable Assembly Market: Key Players
A limited number of large-scale suppliers in the fragmented global cable assembly industry holds the majority of the market share. Key players have embraced mergers & acquisitions and product portfolio expansion as important initiatives. The following companies are well-known participants in the global cable assembly market:
Key Findings of the Market Report
Market Trends for Cable Assemblies
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Global Market for Cable Assemblies: Regional Outlook
Various reasons are propelling the growth of the cable assembly market throughout the region. These are:
Few of key developments by the players in this market are:
Global Cable Assembly Market Segmentation
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