UAE Cable Connector Market: Industry Analysis and Forecast (2023-2029) by Product, Type, Vertical and, Region

UAE Cable Connector Market Overview:

Electronic gadgets, circuit boards, peripherals, and other electronic devices have detachable links i.e. cable connectors. Board-to-board, wire-to-board, flexible printed circuit, and memory or input/output connectors are all examples. With a market value of $175 billion, the massive global consumer electronics business is a trendsetter with a significant impact on many other industries. Consumer electronics cable connectors account for more than 10.5% of the UAE connector market, which is estimated to be worth more than US$ 900 million.

The booming electricity and crude oil sector are expected to drive the growth of the UAE cable connector market in the forecast period (2021-27).  The emirate of Abu Dhabi was the first in the Gulf Cooperation Council to form and implement reforms aimed at moving away from a vertically integrated power industry that was entirely owned by their government. Several policies, legislative, structural, and institutional reforms have been introduced to the energy and power sector in Abu Dhabi.

UAE Cable Connector Market Dynamics:

Miniaturization in smartphones is fueling the UAE cable connector market growth.

According to IDC's Worldwide Quarterly Smartphone Database, the overall mobile phone market in the Gulf Cooperation Council (GCC) region grew by 15% in the first quarter of 2021, totaling 6 million units.

Miniaturization is a technology trend that isn't going away anytime soon. The market demands smaller, more functional items. The contact pitch of connectors, which are frequently the bigger components on printed circuit boards, is lowered. The size reduction capabilities of traditional press-fit or wave solder contact technologies are limited. A greater emphasis on surface mount methods can be seen as a result of the pressure to lower total application costs. Televisions, mobile phones, monitors, and computers all have flat designs. New improvements in connectors are frequently substantially shorter than their predecessors. Also being developed are low-profile variants of current connecting technologies.

UAE Cable Connector Market Segment Analysis:

By Product, the Telecom and Data cable segment is expected to grow at the highest CAGR of 8.1% in the forecast period (2021-27). This can be attributed to the rapid growth of the smartphone market in the gulf region. This in turn drives the growth of the USB cable connectors in the country. The launching of various new models by Android providers boosted the smartphone market's growth in UAE. The market's leading vendors were less affected than predicted by projected supply shortages, with shipments into the area maintaining solid throughout the first quarter of 2021.

By Vertical, Oil and Gas segment is expected to dominate the UAE cable connector market at the end of the aforementioned forecast period (2021-27). This can be attributed to many factors.

The UAE has traditionally welcomed foreign investment in its oil and gas exploration and production industries, serving as a platform for multinational oil corporations. The United States' oil and gas businesses are strategically positioned as the UAE's preferred suppliers and contractors.

In February 2020, Abu Dhabi and Dubai announced that they will collaborate to construct the "Jebel Ali Project," a gas reservoir that is expected to boost the UAE economy and assure long-term growth. ADNOC and the Dubai Supply Authority are partners in this endeavor. When the construction of the Jebel Ali reservoir, which is located between the two emirates, achieves full pace, it is expected to have 80 trillion cubic feet of gas resources. According to Bloomberg, this is the world's fourth-biggest project of such kind.

UAE Cable Connector Market Regional Insights:

The purpose of this research is to provide stakeholders in the industry with a thorough insight into the UAE Cable Connector Market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the firm have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the UAE Cable Connector Market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the UAE Cable Connector Market by product, price, financial situation, product portfolio, growth plans, and geographical presence.

Breakthroughs in the cable connector industry are discussed, as well as organic and inorganic growth plans. Various companies are focusing on organic growth strategies such as new product releases, product approvals, and other items such as patents and events. Inorganic growth strategies used in the industry included acquisitions, partnerships, and collaborations.

UAE Cable Connector Market Scope:

UAE Cable Connector Market Players

• Almoayyed International LLC
• Next Power Electronics Llc
• Dubai Cable Co. (Pvt.) Ltd.
• Toshiba United Arab Emirates
• Thager Alrafedain
• Ali Badi Electronics