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Cable Assembly Market size is set to grow by USD 81.9 billion from 2024-2028, Increasing demand for EVs boost the market, Technavio

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NEW YORK, June 10, 2024 /PRNewswire/ — The global cable assembly market size is estimated to grow by USD 81.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.94%  during the forecast period. Increasing demand for evs is driving market growth, with a trend towards growth in data centers. However, availability of counterfeit and grey-market products  poses a challenge. Key market players include 3M Co., Amphenol Corp., Aptiv Plc, BizLink Holding Inc., Cablecraft Motion Controls LLC, Carlisle Companies Inc., Carrio Cabling Corp., Copartner Tech Corp., Corning Inc., Fischer Connectors Holding SA, Japan Aviation Electronics Industry Ltd., Koch Industries Inc., Minnesota Wire and Cable Co., Nexans SA, NKT AS, Prysmian Spa, RF Industries Ltd., Samtec Inc., Smiths Group Plc, TE Connectivity Ltd., and W. L. Gore and Associates Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Cable Assembly Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.94%

Market growth 2024-2028

USD 81.9 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.37

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 62%

Key countries

China, US, Japan, India, and Germany

Key companies profiled

3M Co., Amphenol Corp., Aptiv Plc, BizLink Holding Inc., Cablecraft Motion Controls LLC, Carlisle Companies Inc., Carrio Cabling Corp., Copartner Tech Corp., Corning Inc., Fischer Connectors Holding SA, Japan Aviation Electronics Industry Ltd., Koch Industries Inc., Minnesota Wire and Cable Co., Nexans SA, NKT AS, Prysmian Spa, RF Industries Ltd., Samtec Inc., Smiths Group Plc, TE Connectivity Ltd., and W. L. Gore and Associates Inc.

Market Driver

The global cable assembly market is experiencing growth due to the expanding data center industry. With the surge in data traffic from businesses and consumers, companies are constructing or collocating data centers, leading to increased demand for cable assemblies. Cloud computing adoption is another factor fueling this market, as data centers require efficient cable solutions to minimize costs and power consumption. TE Connectivity is among the firms providing Mini-SAS HD cable assemblies for data centers, underscoring the market’s potential growth. 

The Cable Assembly market is experiencing significant growth, with components and connectors being key elements. Companies focus on developing complex cable assemblies for various sectors like telecom, automotive, and medical. The use of advanced materials such as copper and aluminum in cable production is on the rise.

The trend towards miniaturization and higher data transfer rates is driving innovation in this industry. Additionally, the increasing demand for power and signal transmission in various applications is fueling market expansion. The use of smart technologies and the integration of sensors in cable assemblies are also gaining traction. Overall, the Cable Assembly market is poised for continued growth in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The cable assembly market has seen an influx of local and global vendors over the past decade, with over 1,000 plants in China producing wiring and cable assemblies. While some offer high-quality products, others manufacture and sell counterfeit cable assemblies to increase profits. These subpar products can negatively impact product performance, safety, and even cause fires. Legal ramifications and costly repairs are additional concerns. Despite the low initial investment required, the prevalence of counterfeit cable assemblies poses a significant challenge to the growth of the global market.The Cable Assembly market faces several challenges in the current industry landscape. One major challenge is the increasing complexity of cabling systems, requiring advanced technologies such as fiber optics and high-speed data transmission. Another challenge is the need for smaller, lighter, and more flexible cable assemblies to accommodate the growing demand for compact electronic devices.Additionally, the market must contend with the rising cost of raw materials and labor, as well as the pressure to meet stringent quality and safety standards. Furthermore, the market is subject to intense competition, with numerous players vying for market share. Copper and fiber optic cables, connectors, and assembly processes are key components that impact the market dynamics. Proper planning, innovation, and collaboration are essential to overcome these challenges and maintain a competitive edge in the Cable Assembly industry.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Product 1.1 Application-specific1.2 Rectangular1.3 RF1.4 Circular1.5 OthersApplication 2.1 Automotive2.2 Telecom and datacom2.3 Consumer electronics2.4 Industrial2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Application-specific-  The cable assembly market will experience moderate growth due to the rising demand for application-specific cable assemblies. These custom-made assemblies are essential in various industries, including automotive, medical, telecommunication, military, and others. Their benefits include accuracy, flexibility, material control, and higher performance. In the medical sector, application-specific cable assemblies are used in ultrasound equipment, surgical applications, and patient monitoring.

In the automotive industry, they are designed for specific car makers and vehicle platforms. The growing automotive sector, particularly the electric vehicle market, will boost demand. Harsh environments and extreme climatic conditions in the defense sector will also increase the need for application-specific cable assemblies. However, the development of advanced cable assemblies for multiple applications may decrease demand.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Cable Assembly Market encompasses the design, production, and installation of various cable assemblies used in diverse industries, including Telecommunications and Industrial Machinery. These assemblies facilitate the transmission of Electrical Signals and Power, essential for the functioning of Routers, Switches, Firewalls, Storage Systems, Servers, Application-Delivery Controllers, and other components.

Rectangular Cable Assemblies, with their high bandwidth and transmission capabilities, are widely used in PCs, Laptops, Mobile Phones, and other digital devices. Copper PCB Traces and Cables are integral parts of these assemblies, enabling Signal Conditioning and Multi-Level Modulation. The market also grapples with the challenge of Counterfeit Products, threatening the integrity and reliability of cable assemblies in Wireless Technologies and other applications.

Market Research Overview

The Cable Assembly Market encompasses the design, development, and production of electrical wiring harnesses and cable assemblies. These components are essential in various industries, including telecommunications, automotive, and electronics. Cable assemblies consist of conductors, insulation, connectors, and shielding, which protect and transmit electrical signals.

The market for cable assemblies is driven by factors such as increasing demand for advanced technology, miniaturization, and the need for high-speed data transmission. The use of cable assemblies in renewable energy systems, electric vehicles, and medical devices is also expanding. The market for cable assemblies is expected to grow significantly due to these trends and the increasing adoption of automation and Industry 4.0 technologies.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductApplication-specificRectangularRFCircularOthersApplicationAutomotiveTelecom And DatacomConsumer ElectronicsIndustrialOthersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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World-Famous Master Craftsman Completes First-Ever Auto Show Build in Front of Thousands

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NEW YORK, April 26, 2025 /PRNewswire/ — In a two-day, jaw-dropping high-intensity live performance, that made international headlines and lit up social media, legendary Porsche builder Akira Nakai, completed his first-ever auto show build at the 2025 New York Auto Show. The completed vehicle is now on display and can be seen through Sunday, April 27.

Flying in from Japan, Nakai transformed a 2006 Porsche Carrera S into one of his iconic wide-body creations right on the show floor, attracting huge crowds, major media coverage, and going viral across social media. The build took place over April 23 and 24 in the R2XPO Exhibit, where visitors watched, photographed, and filmed the master craftsman in action. From the moment he started cutting to the final bolt, the atmosphere was electric.

The activation quickly went viral, racking up millions of views across TikTok, Instagram, and YouTube within hours. Photos and footage of Nakai San deep in the build process spread like wildfire, turning the R2XPO Exhibit into one of the most talked-about attractions at this year’s Show.

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SOURCE New York International Auto Show

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Where the World Smiles Together: Honouring Hospitality on April 24

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International Hospitality Council and IIHM Lead Global Tribute to Hospitality’s Human Touch

LONDON and KOLKATA, India, April 26, 2025 /PRNewswire/ — Hospitality is an industry of hope and growth. It spans snow-capped mountains, sunny beaches, forests, and deserts—where dreamers, innovators, and doers work every day to deliver comfort and happiness.

On April 24, International Hospitality Day (IHD) 2025 was celebrated globally by professionals and institutions across over 60 countries. The virtual programme was hosted by the International Hospitality Council (UK) and the International Institute of Hotel Management (IIHM), India’s largest and premier multi-campus institute for hospitality education.

“I realised there’s a day for every profession – except for one dedicated to those whose mission is to bring joy to others: the hospitality industry. And so, International Hospitality Day was born on April 24,” said Dr Suborno Bose, Creator of IHD, Chairman of IHC, and Chairman of IIHM & Indismart Group, Worldwide.

Established in 2016 by the International Hospitality Council (IHC) and IIHM, IHD was born out of a shared vision between Prof. David Foskett, OBE, Chairman of IHC London, and Dr Suborno Bose. It unites hospitality, travel, and tourism professionals to exchange ideas, promote excellence, and build a spirit of global solidarity.

The IHC continues to champion the hospitality sector worldwide by encouraging collaboration, shaping forward-thinking policy, and promoting education and employment. As in previous years, this year’s celebration featured the Virtual Global Hospitality Summit, where industry leaders reflected on challenges, shared insights, and honoured hospitality’s human essence.

“There was a day for everyone,” Dr Bose reiterated, “but none for hospitality. We created that day.”
“IHD stands on three pillars: Promote, Educate, Celebrate.”

He also underscored IHC and IIHM’s commitment to sustainability, youth enterprise, and initiatives like Young Chef India, which identifies and supports the country’s top culinary student to represent India at the Young Chef Olympiad, the world’s largest gathering of student chefs.

Prof. David Foskett, OBE, echoed the spirit of IHD:

“Hospitality is simple. Speak from the heart. Make people happy. Create careers and contribute to the economy. Most importantly, say thank you – especially to our students.”
“A country without hospitality is barren. A country with hospitality is fertile.”

Two key panel discussions were held during the summit:

Hospitality in the Age of Artificial Intelligence
Moderated by Prof. Neil Rippington (International Director, IIHM), with speakers:Ms Riya Mittal, Product Manager and MSc Engineering Management, USCMr Michael Grove, CEO – HotstatsMs Alexandra Janosek, Instructional Designer, Worldwide Curriculum DesignProf. Sandip Mukherjee, Professor Emeritus – IIHM

While technology is revolutionising efficiency and guest experience, the panel agreed that the essence of hospitality—its heart and human touch—remains irreplaceable.

Hospitality: India’s New Growth Story
Moderated by Diwan Gautam Anand, President of the IIHM International College of Distinguished Fellows, the panel featured:Mr K Mohan Chandran, Sr Vice President Operations, Taj HotelsMichelin-starred Chef Chris GalvinMr Yogendra Agnihotri, Sr Regional Director (North and East), Radisson HotelsMs Jyoti Mayal, Chairperson, THSC & President, TAAIMr Rajiv Kapoor, GM, Fairmont Mumbai

The consensus: India is setting a global example by listening, innovating, and serving from the heart—because, as noted, “an unhappy customer doesn’t complain, she simply leaves.”

The celebration paused for a moment of silence in memory of those lost in the Pahalgam tragedy.

Diwan Gautam Anand, iconic hospitality leader and President of FIIHM, closed the summit with a poignant message:

“Thank you for being present on such a landmark day. It is dedicated to all of us who know that time doesn’t erase, it transforms.”

This year’s IHD also witnessed the induction of 65 new Esteemed Fellows into the IIHM International College of Distinguished Fellows (FIIHM). Guided by the motto Fiat Lux (Let there be light), FIIHM is committed to mentoring and shaping future hospitality leaders.

The selection panel included:

Prof. David Foskett, OBE, Chairman – IHC LondonDr Suborno Bose, Chairman – IHC & IIHMMr Ron Scott FIH, International Director, Indismart Group; Director/Secretary, IHC Foundation; Director, APIU Global Limited, UKMr Nakul Anand, Former Executive Director, ITC LtdDiwan Gautam Anand, President, IIHM International College of Distinguished Fellows

Special awards were presented to honour excellence and dedication in the industry. Icons from around the globe extended their wishes.

“This is to express gratitude to Suborno Bose for coining today as International Hospitality Day,” said Mr Puneet Baijal, General Manager, Hyatt Regency Ahmedabad (FIIHM). “IIHM has become an integral part of the industry, and its students are among the best.”

Mr K Mohan Chandran, Sr Vice President Operations, IHCL (FIIHM 2025), stated, “This day honours the global fraternity of hospitality professionals and acknowledges the dedication of team members who make guests feel at home.”

Chef Garry Mclean, the first National Chef of Scotland (FIIHM), added, “Let’s raise a glass to the dedication and resilience of those who make this industry what it is – from chefs to servers to housekeeping staff.”

The World’s Warmest Industry truly had its day. But hospitality is not just about one day—it’s about every day. IHD has become one of the largest global celebrations of unity and inclusivity – a tribute to the human spirit in a world that needs many helpings of kindness to be satiated and at peace.

Contact: Mr. Sujay Gupta, +91 9923057937

Photo – https://mma.prnewswire.com/media/2673903/World_Smiles_Together.jpg

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ARBOR Technology to Showcase Latest Automation Solutions at Automate 2025, Powering Machine Vision, AMR, and Smart Retail Applications

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DETROIT, April 26, 2025 /PRNewswire/ — ARBOR Technology, a leading provider of industrial-grade embedded computing solutions, is excited to announce its participation in Automate 2025, taking place in Detroit, USA, from May 12–15. Located in Hall E, Booth #9126.

Engineered for advanced automation tasks, the FPC-5211 supports powerful edge computing for real-time data processing and AI inference. Ideal for machine vision and smart city applications, it handles data from multiple sources—LiDAR, industrial cameras, traffic sensors—with low latency and high efficiency. This platform recently earned the Best in Show award from Embedded Computing Design at Embedded World 2025.

Designed for flexible industrial deployment, the ARES-1983H series features a din-rail mount and EzIO modular I/O system, allowing customers to easily customize configurations for factory automation, process control, and machine interfacing.

ARBOR introduces the ARTS-1670 and SB-244-RPLU for autonomous mobile robots (AMR) and automated guided vehicles (AGV). Engineered for performance and durability, these systems meet the rigorous demands of real-time navigation, sensor integration, and operational control in dynamic environments.

Built for real-time video and language model (VLM) applications, the AEC-6100 delivers top-tier AI performance at the edge. Ideal for smart surveillance, automated inspection, and robotics, it reduces latency and enhances on-site processing without compromising security.

Powered by Intel® Core™ Ultra processors, the IEC-3714 delivers 34 TOPS of AI performance in NUC size. It supports real-time video analytics for age, gender, and object recognition, enabling automated decision-making for promotions, restocking, and customer engagement.

With its MediaTek MT8781 processor and Android 14 OS, the Ruby 10 is built for mobility, featuring Wi-Fi 6E, 4G connectivity, and hot-swappable batteries for 24/7 operation. Designed for retail and logistics, it supports NFC payments, and has IP65 and 1.2m drop certifications for dependable performance in harsh environments.

ARBOR will also unveil its latest Computer-on-Module solution, offering exceptional computing scalability based on Intel’s Core Ultra and Arrow Lake platforms. These modules are optimized for embedded applications requiring compact, high-performance solutions with broad customization options.

Stanley, General Manager of ARBOR Solution, commented: “We are proud to return to Automate 2025 with a strong lineup of automation-focused solutions. Our innovations not only address the needs of traditional industrial applications but also support emerging technologies like AI and edge computing.”

Automate 2025
Detroit, Huntington Place
May 12-15
Hall E – #9126

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SOURCE ARBOR Technology

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