Cables and Connectors Market Type, Growth 2030
August 3, 2023 ⚊ 1 Min read ⚊ Views 46 ⚊ BUSINESS
Cable and Connectors Market
As per the analysis by Vertex Business Insights, The Cable and Connectors Market is predicted to reach USD 84.99 billion by 2030, rising at a CAGR of 3.39% over the forecast period (2022-2030). The market is expected to reach USD 72.06 billion in 2022.
The rise in the number of television and internet subscribers as well as smartphone, PDA, and tablet users may be attributed to the rising demand for media and entertainment as well as the expanding internet’s use throughout emerging countries. Since effective networking cannot be built without cable connection adapters, these factors greatly increased demand for these devices.
The growing demand for automobiles integrated with various innovative features is leading to a surge in the utilisation of cables and connectors Market, thus propelling the industry growth.
