Report : North America High Speed Cable Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Direct Attach Copper (DAC) Cable, PCIe Cable, SAS Cable, Active Electrical Cable (AEC), Active Copper Cable (ACC), and Active Optical Cable (AOC)), Application (Switch to Switch, Switch to Server, and Server to Storage)
Active Optical Cable (AOC)Segment has the Largest Share of Type in the North America High Speed Cable Market during 2021–2028
According to our latest study on “North America High Speed Cable Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, and Application,” the market is projected to reach US$ 5,527.9 million by 2028 from US$ 3,647.5 million in 2021; it is expected to grow at a CAGR of 6.1% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the growing deployment of data centers and elevating number of internet connections. However, susceptibility to physical damage limits the growth of the market.
Owing to COVID-19 a majority of the manufacturing plants were operating with minimum workforce or were temporarily shut; the supply chain of raw material and components was disrupted; these are some of the critical challenges faced by the manufacturers in North America. Since, the US has a larger density of manufacturers across industries, the demand for connectors and high speed cables are always high. The high speed cable market faced hinderance from supply side, however, the demand high witness significant traction as deployment of internet connection across residential, commercial, and industrial sector was on the higher side. According to NCTA - The Internet & Television Association, their 5 million new broadband connection for residential sector in 2020 and the average internet speed was recorded 204 Mbps in September 2020 which up by 66 MBPS since March 2020. Thus, Covid-19 impacts this market in a positive way.
Based on type, the North America high speed cable market is bifurcated into direct attach copper (DAC) cable, PCIe cable, SAS cable, active electrical cable (AEC), active copper cable (ACC), and active optical cable (AOC). In 2021, the adoption of internet services has increased in North America as a majority of the population is working from home during the COVID-19 pandemic. A consequent surge in demand for home networking devices, fiber optic connections, and computers, among others, is creating lucrative opportunities for the growth of the high speed cable market players. Further, with the emerging need for data storage, the number of data centers is escalating. The transfer of data on cloud servers requires connectivity solutions of higher speed, which fuels the adoption of high speed cables.
Amphenol ICC, Carlisle Interconnect Technologies, LEONI AG, NVIDIA CORPORATION, Samtec, Shenzhen Sopto Technology Co., Ltd., TE Connectivity, and JPC Connectivity are among the leading companies in the North America high speed cable market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for high speed cable market is segmented into type, and application. Based on type, the North America high speed cable market is segmented into direct attach copper (DAC) cable, PCIe cable, SAS cable, active electrical cable (AEC), active copper cable (ACC), and active optical cable (AOC). Based on application, the high speed cable market is segmented into switch to switch, switch to server, and server to storage. Geographically, the high speed cable market is segmented into North America (US, Canada, Mexico).
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