High Speed Cable Market Size & Global Industry Growth by 2028

The high speed cable market is expected to grow from US$ 10,731.30 million in 2021 to US$ 17,110.52 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.

The rise in internet consumption and the development of advanced software solution has steered the volume of data generation worldwide. The need for processing and storing such huge data volumes has propelled organizations to adopt advanced processing and storage solutions, which is driving the deployment data centers. With the growing trend of digitalization, data centers have become a paramount aspect of the modern industry and economy. Data centers play vital in cloud computing, and as industry is moving toward adoption of cloud technology owing to its cost and operational advantage, the SMEs are among forefront for adoption of this technology. Further, complex cloud computing operations are done by large tech companies and research institutions which also require data center. Active optical cables, direct attach copper cables, and fiber optic cables are among the widely used high speed cables at data centers Further, several industries are exploring the use of cloud services to optimize and streamline their organizational operations. Moreover, with the emergence of Internet of Things (IoT), augmented reality (AR), and virtual reality (VR), the deployment for data centers has been growing continuously, which subsequently boosts the adoption of high speed cables.

Strategic Insights

Impact of COVID-19 Pandemic on High Speed Cable Market

According to Electronic Components Industry Association, the COVID-19 pandemic has resulted in disruption in supply chain, cancellations of events, and delay in product releases and other industry activities. Several manufacturers had to temporarily halt their manufacturing units owing to containment measures and raw material shortage. Further, the manufacturers of various electronic and semiconductor products including high speed cables experienced delay in lead times, which has negatively affected the supply chain of the high speed cable market. This have had a negative impact on the high speed cables market growth in 2020. However, the supply chain of high speed cable started to stabilize from late Q4 of 2020 as economics reopened and the high speed cable market gain positive traction from 2021

Lucrative Regions for High Speed Cable Providers

Get more information on this report : Request Free Sample PDF

High Speed Cable Market Insights

Elevating Number of Internet Connections Fuels Growth of High Speed Cable Market

With the emergence of met averse, internet is set become a paramount component of human society. The number of internet users is rising with the growing affordability of internet and connected devices. According to the Statist data, as of January 2021, there were 4.66 billion internet users in the world, constituting 59% of the global population. Denmark, the UAE, and Sweden have the highest internet penetration rate. Further, till 2020, APAC had the largest number of ~2.5 billion of online users, while Europe ranked second with ~728 million internet users. In 2020, China had the highest number of internet users in the world, followed by India and the US. Moreover, digitalization and internet services are in an initial phase in the MEA and SAM countries, among others. High-speed cables are among the most crucial components used for the establishment of a communication infrastructure as these cables are used for setting up cell towers and providing broadband connections to routers. The rising number of internet users is further encouraging various industries to transform their businesses by deploying digital platforms. The COVID-19 outbreak has propelled the telecommunications industry with the surge in remote working and learning practices. According to Cisco, the world is expected to have more than 500 billion internet-enabled devices, including 50 billion IoT devices by 2030. Thus, the rising number of internet users will propel the deployment of communication infrastructure, subsequently flourishing the high speed cable market growth.

Type-Based Market Insights

Based on type, the high speed cable market is segmented into direct attach copper (DAC) cable, PCIe cable, SAS cable, active electrical cable (AEC), active copper cable (ACC), active optical cable (AOC), and others. The direct attach copper (DAC) cable segment led the market in 2020. Direct attach copper (DAC) cable is made of twinax copper and assembled with swappable and fixed transceiver modules, such as QSFP, QSFP28, and SFP+. Unlike other cables, the direct attach copper cable is offered in a fixed length (i.e. less than 15m) and used for directly connecting ports between active equipment servers, storage, switches, and routers. The speed of data rate can vary from 10G to 100G, and 100G of data rate can only transmit up to 5m using direct attach copper cable. Owing to a shorter length, the direct attach copper cable is used for connecting equipment located with close proximity and are considered extremely reliable, and thus are widely used for data center application. The growing use of cloud solution owing to cost and convenience factor propels the deployment of data centers across the world, which drives the growth of the high speed cables market.

High Speed Cable Market, by Application – 2020 and 2028  
 

Get more information on this report : Request Free Sample PDF

Note: The outer circle represents market size for 2028, and the inner circle represents market size for 2020.

The players operating in the high speed cable market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In 2021, Credo announced the first offering of 800G HiWire active electrical cables for next generation decentralized data centers and AI servers.
• In 2020, Broadcom and Microsoft joined the HiWire Consortium, which is developing active cable standards for data centre copper connectivity with speeds of 400 and 800 gigabits per second.

The global high speed cable market has been segmented as follows:

High Speed Cable Market – by Type

• Direct Attach Copper (DAC) Cable
• PCIe Cable
• SAS Cable
• Active Electrical Cable (AEC)
• Active Copper Cable (ACC)
• Active Optical Cable (AOC)

High Speed Cable Market – by Application

• Switch to Switch
• Switch to Server
• Server to Storage

High Speed Cable Market – by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • Russia
  • UK
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of APAC
• Middle East & Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA
• South & Central America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM

Company Profiles

• Amphenol ICC
• Axon' Cable
• Carlisle Interconnect Technologies.
• HPL
• LEONI AG
• NVIDIA CORPORATION
• Samtec
• Shenzhen Sopto Technology Co., Ltd.
• TE Connectivity Corporation
• JPC Connectivity