High Speed Cable Market is expected to reach US$ 17,110.52 Million by 2028

Developments in 5G Network Services to Provide Growth Opportunities for High Speed Cable Market during 2021–2028

According to our latest market study on “High Speed Cable Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market was valued at US$ 10,731.30 million in 2021 and is projected to reach US$ 17,110.52 million by 2028; it is expected to grow at a CAGR of 6.9% from 2021 to 2028.

The implementation of 5G is expected to address the growing need for robust communication to streamline and optimize various digital operations. The greater amplitude of 5G wavelength supports high speed data transmission; however, with the 5G connectivity, signals cannot be transmitted over a long distance, as that with 3G and 4G. An efficient 5G infrastructure network requires a large number of cell towers. These cell towers utilize various high speed cables for the transmission of signals. The telecom market players across the world are heavily banking upon the next generation of telecommunication infrastructure. According to Cisco, 5G would offer 13-times higher speed than average mobile connection. It will also offer higher bandwidth; network slicing; and enhanced artificial intelligence (AI), virtual reality (VR), and cloud computing capabilities. Also, the cable TV, telecom, and broadband infrastructure is already established in most of the countries, which is likely to streamline and expedite the deployment of high speed cables. As per the forecasts of Ericsson, there would be 3.5 billion 5G subscriptions by 2026. Moreover, the deployment of 5G services by telecom operators in the US, Canada, western European countries, Japan, China, Australia, etc., has already begun. Thus, with the growing penetration of 5G, the high speed cables market players are expected to witness substantial growth in the coming years.

With an increase in the importance of technologies, many governments and private organizations are talking initiatives for the development of smart cities. Smart cities are characterized by intelligent traffic management, intelligent utilities management, intelligent dwellings and workplaces, connected public services, and among others. They use information and communication technologies (ICT) to provide better public wellbeing, service levels, economic development, and sustainability. Furthermore, enhanced safety levels, efficient public utilities, improved public transport services, efficient energy utilization, economic development opportunities, and data-driven decision-making are a few of the other benefits of smart cities. The smart cities utilize wired and wireless internet infrastructure along with various connected devices such as camera, sensors, recorders, and other smart devices. Connected devices deployed in smart cities would also require data centers for supporting various digital operations. For setting up the internet infrastructure and establishing data centers, high speed cables are used at a large scale. Thus, the growing need for the optimum utilization of resources is paving a way for smart cities, which is expected to propel the high speed cable market growth in the future.

The high speed cable market is segmented on the basis of type, application, and geography. Based on type, the market is segmented into Direct Attach Copper (DAC) Cable, PCIe Cable, SAS Cable, Active Electrical Cable (AEC), Active Copper Cable (ACC), and Active Optical Cable (AOC). Based on application, the market is segmented into switch to switch interconnect, switch to server interconnect, and server to storage interconnect. Geographically, the high speed cable market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).

High Speed Cable Market - by Geography, 2020

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High Speed Cable Market Size & Global Industry Growth by 2028

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High Speed Cable Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Direct Attach Copper (DAC) Cable, PCIe Cable, SAS Cable, Active Electrical Cable (AEC), Active Copper Cable (ACC), and Active Optical Cable (AOC)) and Application (Switch to Switch, Switch to Server, and Server to Storage)

Impact of COVID-19 Pandemic on High Speed Cable Market

According to Electronic Components Industry Association, the COVID-19 pandemic has resulted in disruption in supply chain, cancellations of events, and delay in product releases and other industry activities. Several manufacturers had to temporarily halt their manufacturing units owing to containment measures and raw material shortage. Further, the manufacturers of various electronic and semiconductor products including high speed cables experienced delay in lead times, which has negatively affected the supply chain of the high speed cable market. This have had a negative impact on the high speed cables market growth in 2020. However, the supply chain of high speed cable started to stabilize from late Q4 of 2020 as economics reopened and the high speed cable market gain positive traction from 2021.

Amphenol ICC; Axon' Cable; Carlisle Interconnect Technologies.; HPL; LEONI AG; NVIDIA CORPORATION; Samtec; Shenzhen Sopto Technology Co., Ltd.; TE Connectivity Corporation; and JPC Connectivity are among the key players profiled during the study of the high speed cable market. In addition, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global market and its ecosystem.