Cables and Connectors Market: Automotive Electrification, EV Integration & Growth Outlook

According to IMARC Group's latest research publication, global cables and connectors market size reached USD 108.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 157.4 Billion by 2033, exhibiting a growth rate (CAGR) of 3.84% during 2025-2033.

How AI is Reshaping the Future of Cables and Connectors Market

• Predictive Quality Control and Defect Detection: AI-powered computer vision systems analyze cable manufacturing lines in real-time, detecting microscopic defects, connector misalignments, and insulation irregularities with precision exceeding manual inspection.
• Smart Cable Management and Infrastructure Optimization: AI technologies assist in cable identification and labeling within complex infrastructures by analyzing images and video feeds to recognize types, connectors, and labels automatically.
• Demand Forecasting and Inventory Management: Machine learning algorithms process historical sales patterns, construction cycles, and technology adoption rates to predict connector demand across automotive, data center, and telecom sectors accurately.

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Cables and Connectors Industry Overview:

The cables and connectors market is experiencing unprecedented transformation driven by data center expansion and AI infrastructure deployment. In 2024, computer and peripherals grew by over 10%, while telecom and datacom expanded nearly 10%, reflecting massive investments in AI-capable data centers.

Cables and Connectors Market Trends & Drivers

Explosive growth in data center infrastructure and AI computing is transforming cables and connectors demand fundamentally. AI-enabled data centers require over 10 times more optical fiber than traditional networks, driving unprecedented demand for high-speed interconnects.

Electric vehicle proliferation and renewable energy expansion are creating substantial growth opportunities across the cables and connectors landscape. The global EV charging connector market is projected to grow at 18% annually, driven by over 17 million EV sales globally in 2024, representing more than 20% growth year-over-year.

Technological advancement in 5G deployment and industrial automation is accelerating connector innovation and market diversification. The 5G infrastructure buildout requires ultra-high-speed connectors supporting 800G network upgrades and beyond, with demand for connectors operating above 25 Gbps growing at over 8%.

Leading Companies Operating in the Global Cables and Connectors Industry:

• 3M Company
• Amphenol Corporation
• Axon' Cable
• Fujitsu Limited
• Huawei Technologies Co. Ltd
• Molex LLC (Koch Industries Inc)
• Nexans
• Prysmian S.p.A.
• Sumitomo Electric Wiring Systems Inc.
• TE Connectivity

Cables and Connectors Market Report Segmentation:

By Product Type:

• Internal Cables and Connectors
• External Cables and Connectors

External cables and connectors represent the largest segment, driven by widespread use in consumer electronics, IT devices, and telecommunications infrastructure requiring device connectivity and charging solutions.

By Installation Type:

• HDMI
• USB
• VGA
• DVI
• CAT5/CAT6
• Others

CAT5/CAT6 holds the largest market share due to excellent performance, cost-effectiveness, and backward compatibility, making them ideal for home networks, small-to-medium businesses, and various networking applications.

By Vertical:

• Automotive
• Commercial
• Oil and Gas
• Energy and Power
• Aerospace and Defense
• Others

Commercial applications account for the largest market share, encompassing data centers, telecommunications networks, and office buildings requiring large quantities of cables and connectors for high-speed data transmission and reliable connectivity.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific exhibits clear dominance in the cables and connectors market due to its established position as a manufacturing hub, large consumer electronics market, expanding middle class, and rapid deployment of telecommunications infrastructure including 4G and 5G networks.

Recent News and Developments in Cables and Connectors Market

• August 2025: Amphenol Corporation Acquires CommScope's Connectivity Business Amphenol announced a definitive agreement to acquire CommScope's Connectivity and Cable Solutions (CCS) business for $10.5 billion in cash.
• January 2025: Amphenol Completes Carlisle Interconnect Technologies Acquisition Amphenol completed the $2.1 billion acquisition of Carlisle Interconnect Technologies, strengthening its aerospace and military interconnect portfolios.
• December 2024: Molex Unveils Co-Packaged Optics Connector Platform Molex launched a new co-packaged optics connector platform rated for 51.2 Tbps switching, addressing the growing demand for ultra-high-speed data transmission in AI servers and next-generation data centers.

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