United States Cable Connector Market: Industry Analysis and Forecast (2024-2030) by Product, Type, Vertical and, Region

United States Cable Connector Market Overview:

According to research analyst Peter Jewett, the United States consumption is expected to be driven by the increasing trend of larger data output per device, increasing complexity, and an increasing number of LAN nodes. Cable connectors are crucial components when it comes to different LAN setups.  These connectors include plug and socket connectors, jacks, and individual plugs. The biggest players in the United States cable connector market are Amphenol Corporation, Molex Inc.

The United States is the world’s largest importer of cars, crude petroleum, computers, and broadcasting equipment. These high import rates on a global scale create growth opportunities for automotive, IT, manufacturing, oil and gas market segments of the united states cable connector market. For example; Molex, a major key player in the cable connector market in the united states acquired Keyssa Inc. in December 2021 (a pioneer company in high-speed contactless cable connectors). The acquisition of this wireless electrical connector technology by Molex is expected to diversify its cable connector portfolio for device-to-device applications. Molex is also assembled a team of electrical engineers to develop next generation contactless connectors which offer more reliability and security of data transmission.

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United States Cable Connector Market Dynamics:

A major driver in the United States cable connector market is higher R & D investments data cable industry. The increments in the revenues of data cables companies in the US is expected to drive the growth of the market in the forecast period (2024-30). E.g. Molex registered a US$ 1.5 billion worth of revenue in 2020.

Crucial restraints in the United States cable connector market are wear and tear, extreme temperatures, improper design, and installations. Electrodes inside the electrical cable connectors are primary examples of frequent wear and tear. These are made of copper alloy which are susceptible to corrosion in extreme conditions.

The key opportunity is that data and signal cables are continuously in demand in infrastructure and telecom industries. But their higher installation costs are expected to stall the regional market growth in the United States.

United States Cable Connector Market Segment Analysis:

By Product, the Fiber optic segment held the largest share in 2023 with over 40% total shares. This segment is expected to witness a CAGR of 10.2% in the forecast period (2024-30) in the United States cable connector market.  The Fiber optics cable market was estimated to be around US$ 640 million in the same year. OFS, the leading fiber optics manufacturer in the United States was responsible for more than US$ 250 million worth of revenue in the same year, followed by Mouser Electronics with US$ 260 million worth of revenue. The rigorous competition among these two key players is expected to drive the growth of the fiber optic segment in the United States.

By Vertical , Industrial, and Manufacturing segment was the dominating segment in 2020 in the United States cable connector market. The industrial output of the United States alone was US$ 2.3 billion in the same year.  This can be attributed to US having the highest industrial manufacturing output in the  North American continent with over 40% of the total output. The top exporting products of the US market include Broadcasting equipment, Integrated Circuits, and telephones. All of these are the key subsets of the US cable connector market. Energy & Power is expected to hold a significant share in the US cable connector market at the end of the aforementioned forecast period. It can be attributed to high imports of electrical power accessories.

United States Cable Connector Market Regional Insights:

The purpose of this research is to provide stakeholders in the industry with a thorough insight into the United States 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 United States 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 United States Cable Connector Market by product, price, financial situation, product portfolio, growth plans, and geographical presence.

Major 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.

United States Cable Connector Market Scope:

United States Cable Connector Market Players:

• Amphenol
• Molex
• Interpower Corporation
• Brandex Components, Inc.
• American Industrial Company
• Quail Electronics, Inc.
• United Universal Industries, Inc.
• Kord King