Report : Europe 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 Europe High Speed Cable Market during 2021–2028
According to our latest study on “Europe High Speed Cable Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, and Application,” the market is projected to reach US$ 4,103.0 million by 2028 from US$ 2,629.1 million in 2021; it is expected to grow at a CAGR of 6.6% 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.
Germany, Belgium, Poland the UK, The Netherlands are the worst-hit countries in the region. The UK and France have numerous electronic component manufacturers, while the Russia has significantly large number of equipment manufacturing sectors including communication equipment manufacturers. The emergence of COVID-19 virus has marginally impacted the businesses of European equipment manufacturers as well as high speed cables market as cable manufacturers were operational in partial workforce capacity which impacted the supply side of high speed cable market. However, from Q1 of 2021, manufacturer ramp the production to fullest capacity. For instance, Amphenol, one of the major high speed cable manufacturers in the region in March 2021, announced that its Thyez plant in France was fully operational as well as its suppliers were also fully operational. Further, Amphenol disclosed that will be able to meet its product delivery timelines. Thus, from the Q2 of 2021, the high speed cable market showcased positive trend in terms of revenue.
Based on type, the Europe 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 Europe 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 Axon’ Cable are among the leading companies in the Europe 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 Europe 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 Europe (Germany, UK, France, Spain, Italy, Rest of Europe).
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