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The cable connector market is expected to register a CAGR of 5.67%, during the forecast period (2018-2023).
Adoption of wireless technologies, such as Wi-Fi, RF, and Bluetooth, in future, will consume a considerable chunk of the cables and connectors, thus paving the way for this market to increase.
Increasing penetration of technologies, such as the Internet of Things (IoT), is expected to aid the increase in demand for high-performance and secure data connectivity and transmission, which in turn, may increase the demand for cable connectors.
According to the National Cable and Telecommunications Association, the number of connected devices is expected to reach 50.1 billion, by 2020.
Many developments have been undertaken by government organizations in developing countries, such as India, China, and Brazil, to improve network infrastructure. Such initiatives are increasing the demand for high-speed data transmission cables connectors.
For instance, the Chinese government proposed that the country should actively promote 5G development and launch the technology by 2020, which in turn, involves the development of communication infrastructure. This is expected to increase the need for better cable connectors and other equipment for its installation purpose.

KeyWords Tag:hdconn