Report : Asia Pacific 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 Asia Pacific High Speed Cable Market during 2021–2028
According to our latest study on “Asia Pacific High Speed Cable Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, and Application,” the market is projected to reach US$ 5,977.2 million by 2028 from US$ 3,329.6 million in 2021; it is expected to grow at a CAGR of 8.7% 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.
China, Japan and India are the among the countries that have large number of electronics manufacturers as well as end users. Despite rise in number of infections these countries have eased the containment norms and have allowed the manufacturing plants to operate in 2021. For instance, though there was emergence of second wave in India in Q2, Amphenol continued its operation at its Pune, India facility. The production capacity was operating at 100% and deliveries date was not hampered. Similarly, with the ongoing rise in cases in China, factories are still operational. As the region positively adopted remote working and learning practices the COVID-19 had a positive impact on the growth of high speed cable market in APAC.
Based on type, the Asia Pacific 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 Asia Pacific 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, HPL, and JPC Connectivity are among the leading companies in the Asia Pacific 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 Asia Pacific 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 Asia Pacific (China, Japan, India, South Korea Australia, Rest of Asia Pacific).
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