DUBLIN, October 10, 2017 /PRNewswire/ --
The "Global Cable Assembly Market 2017-2021" report has been added to Research and Markets' offering.
The global cable assembly market to grow at a CAGR of 5.38% during the period 2017-2021.
Global Cable Assembly Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing demand in aerospace industry. Global air traffic has grown rapidly over the last few years. Air transport, which was once used by wealthy people, is now being used by everyone. International and domestic airline companies make huge profits owing to the exponential increase in the number of customers.
According to the report, one driver in the market is increasing demand for electric vehicles. There has been a huge growth in the sales of EVs all over the world in last few years, especially in countries like US, Germany, China, The Netherlands, and the UK. EVs use a higher number of cable assemblies than vehicles that run on fossil fuels. Therefore, the rapid growth in the adoption of EVs is expected to increase the demand for cable assemblies during the forecast period. Environmental concerns, government policies that support EVs, better innovation, and depletion of fossil fuel resources are a few of the factors that have led to the growth in demand for these vehicles.
Further, the report states that one challenge in the market is availability of counterfeit products. Cable assemblies are manufactured and sold by both global and local vendors. Low-cost products imported from developing countries usually have inferior quality and are only used for less demanding applications. End-users who need big consignments for general purposes prefer low-priced products made by local vendors as it helps in bringing down their costs considerably.
- Bizlink Holding
- Copartner Tech
- TE Connectivity
Other prominent vendors
- Cable Manufacturing & Assembly Company
- Foxconn Electronics
- Global Connector Technology
- IDEAL INDUSTRIES
- PSC Electronics
- Smiths Group
- W. L. Gore & Associates
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Segmentation By Application
- Geographical Segmentation
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/9vn99r/global_cable
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