USD 169.4 billion
Cable Assembly Market Size, Share, and Growth Analysis
Cable Assembly Market By Cable Type (Coaxial Cables, Twisted Pair Cables), By Connector Type (DB Connectors, USB Connectors), By Shielding (Unshielded, Shielded), By Assembly, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20D2070 |
Region:
Global |
Published Date: March, 2025
Pages:
202
|Tables:
69
|Figures:
75
Format -
Cable Assembly Market Insights
Global Cable Assembly Market size was valued at USD 169.4 billion in 2023 and is poised to grow from USD 180.75 billion in 2024 to USD 303.66 billion by 2032, growing at a CAGR of 6.7% during the forecast period (2025-2032).
Cable assemblies are generally used to protect cables and transport power, signals, and information to the intended use. The cable assembly is simple to set up, fix, and maintain, which speeds up replacement processes. In order to expand after the COVID-19 epidemic, cable assembly businesses are currently concentrating on high-growth applications including high performance computing (HPC), artificial intelligence (GPU to GPU), core routing, switching, and infotainment systems. Due to the multiple benefits provided by cable assembly, such as minimum cable waste, excellent performance, convenience of set up, etc., the market is thus anticipated to expand at a considerable rate throughout the forecast period.
The cable assembly market Growth is due to rising need for high-speed cable assemblies for computers, servers, switches, and other data and communication equipment. Additionally, it is projected that the increased consumer adoption of PCs, laptops, and the internet would fuel the expansion of the cable assembly business. Additionally, it is predicted that the growing demand for high bandwidth communication will restrain the expansion of the cable assembly industry. On the other hand, it is anticipated that the price increase relative to wire harnessing will restrain the expansion of the cable assembly market over the forecast period.
US Cable Assembly Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Automotive
Fastest Growth
Telecom
Growth Rate
6.7% CAGR
Global Cable Assembly Market ($ Bn)
Country Share for North America Region (%)
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Cable Assembly Market Segments Analysis
Global Cable Assembly Market is segmented by Cable Type, Connector Type, Shielding, Assembly, Application and region. Based on Cable Type, the market is segmented into Coaxial Cables, Twisted Pair Cables, Fiber Optic Cables and Flat Ribbon Cables. Based on Connector Type, the market is segmented into DB Connectors, USB Connectors, HDMI Connectors and RJ45 Connectors. Based on Shielding, the market is segmented into Unshielded and Shielded. Based on Assembly, the market is segmented into Custom-Assembled and Pre-Assembled. Based on Application, the market is segmented into Data Communication, Power Transmission, Industrial Automation and Medical Devices. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Cable Assembly Market Analysis by Product
Based on product, Custom cable assemblies dominated the global cable harness assembly market because they save space and weight. Additionally, specialised cable assemblies improve performance and safety while reducing assembly time by doing away with cable ties and cable loops. This increases the market size for cable assembly.
Cable Assembly Market Analysis by Application
Based on application, The rising use of copper cable assemblies in motor vehicles' gear boxes, doors, side mirrors, windows, headlights, etc. caused the automotive to dominate the global cable assembly market. Coaxial and RF cable assemblies are used in infotainment systems, including in-seat DVD players, GPS, and Bluetooth connectivity, to ensure that the systems function effectively. To power in-car display systems like radio displays and backup cameras, low voltage differential signalling (LVDS) cable assemblies are also required. These several aspects help the cable assembly market's automotive sector grow.
Global Cable Assembly Market by application (%)
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Cable Assembly Market Regional Insights
Asia Pacific dominated the global cable assembly market due to the presence of a large number of cable assembly manufacturers in countries like Japan, India, and China, in the region. Additionally, the demand for electric vehicles, an increase in urbanisation, and industrialization are pushing the adoption of cable assembly in the Asia Pacific region. Due to a rise in demand for cable assembly in military communications, the market in North America is anticipated to expand significantly over the next several years. Additionally, a growth in the need for cable assemblies in the IT and telecommunications industry is anticipated to fuel the region's cable assembly market.
Global Cable Assembly Market by Region
- Largest
- Fastest
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Cable Assembly Market Dynamics
Cable Assembly Market Drivers
High Demand from EVs will Bring Lucrative Opportunities for Cable Assembly Manufacturers
- Technology developments that have lowered the cost of batteries and improved the efficiency of EVs, EV sales have increased quickly over the last ten years, particularly in nations such as the United States, Germany, China, the United Kingdom, and the Netherlands. During the predicted period, EV sales will increase due to the implementation of low prices and the availability of subsidies. Many onboard systems, including the battery and power supply, ignition system, steering system, brake system, interior and external lighting, safety and security, employ cable assemblies. Due to more cable connections for batteries and other connected circuits, the number of cable assemblies utilised in EVs is higher than that in ICE vehicles. Thus, during the projected period, the global cable assembly market will develop as a result of the increase in EV sales.
Cable Assembly Market Restraints
Availability of Fake Products to Hinder Market Growth
- In order to boost their profit margins, many end users who purchase significant quantities of raw materials move to suppliers who create counterfeit goods. As a result of the increased supply and lack of product distinction, a number of local vendors produce unbranded or using the brands of well-known vendors, low-quality products. The existence of such fake goods has an impact on the reputation and sales of international vendors. Numerous suppliers are able to produce cable assemblies and market them under reputable brand names due to the cheap capital investment requirement. False cable assemblies are offered by vendors who mark them down to boost sales. The widespread availability of raw materials, large number of product variations, strong aftermarket demand, and low initial investment have all contributed to an increase in the availability of fake goods, which is a barrier to the expansion of the worldwide cable assembly industry.
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Cable Assembly Market Competitive Landscape
cable assembly market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Top Players in Cable Assembly Market
- Amphenol Corporation (USA)
- TE Connectivity (Switzerland)
- Molex (USA)
- Foxconn (Taiwan)
- Yazaki Corporation (Japan)
- Sumitomo Electric Industries (Japan)
- Delphi Technologies (UK)
- 3M (USA)
- Prysmian Group (Italy)
- Legrand (France)
- Nexans (France)
- Rosenberger (Germany)
- Samtec (USA)
- Belden Inc. (USA)
- Fujikura Ltd. (Japan)
- LS Cable & System (South Korea)
- HUBER+SUHNER (Switzerland)
- Radiall (France)
- Gore (USA)
Cable Assembly Market Recent Developments
- In April 2024, Dresner Partners, a renowned middle-market investment bank registered with FINRA and a member firm of Mergers Alliance, is pleased to announce its advisory role in facilitating the partnership between Sandin Manufacturing (Sandin) and MultiTech Industries (MultiTech), a portfolio company of Argonaut Private Equity (Argonaut). The terms of the transaction were not disclosed.
- In March 2024, Cinch Connectivity Solutions, a subsidiary of Bel Fuse Inc., unveiled its latest innovation, the Fibreco high-density mil-spec MT38999 connector series. Engineered for demanding environments such as military, offshore, and mining operations, Fibreco fiber optic connectors and cable assemblies deliver top-notch performance, flexibility, and cost-effectiveness for critical communication needs.
- In March 2024, Technical Cable Applications (TCA), a leading custom cable manufacturer and a top provider of custom and OEM cable assemblies in the United States, proudly announces strategic alliances with two prominent manufacturing facilities located in Guadalajara. These partnerships mark a significant milestone in TCA's commitment to delivering exceptional quality, competitive pricing, and expedited shipping to its valued clientele.
Cable Assembly Key Market Trends
- Sales of EVs have surged recently as a result of rising environmental concerns and the depletion of fossil fuel reserves. Since there are multiple cable assemblies used by each vehicle for various connections, the automotive sector has emerged as the primary end-user of cable assemblies. Compared to ICE vehicles, EVs utilise more cable assemblies since there are more cable connections for the batteries and other circuits that are connected to them. Thus, the rise in EV sales and market demand will fuel the global cable assembly market over the course of the forecast period.
Cable Assembly Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our cable assembly market analysis, in terms of product, the Custom cable assemblies segment held larger market share owing to high usage. And in terms of application, the automotive segment dominates the market due to its high demand. The rising number of electric vehicles, growing demand from the aerospace industry, and enhancing internet penetration across the globe are driving the growth of this market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 169.4 billion |
| Market size value in 2032 | USD 303.66 billion |
| Growth Rate | 6.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cable Assembly Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cable Assembly Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cable Assembly Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cable Assembly Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cable Assembly Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cable Assembly Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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