Governments worldwide are investing substantially in network infrastructure to enhance connectivity, resulting in a heightened need for transmission cables and connectors. This surge in demand bodes well for the cables and connectors industry. The digitalization wave has led to expanded electronics usage, intensifying the demand for dependable connectivity solutions. This will take the global cables and connector market size to US$ 210 billion by the end of 2032.

Overall sales of Cables and Connectors market generated revenues worth US$ 106.5 billion in 2022. Over the next ten years, the global cable and connector demand is set to rise at 7.0 CAGR. Their increasing integration in automotive, energy, telecommunications, and aerospace sectors is driving global market growth. The utilization of cables and connectors enhances data transfer capabilities, providing robust connectivity solutions. Their widespread adoption is evident in applications ranging from computer connectivity to telecommunications and automotive systems. 16, 2024 (GLOBE NEWSWIRE) - Cables and connectors play a pivotal role in various industries, facilitating data and signal transmission.

Molex automotive connectors