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The Asia Pacific region holds a significant share of the cables and connectors industry due to rapid industrialisation. As countries like India and China are some of the leading producers of automobiles and electronic devices, cables and connectors are significantly increasing, hence driving the market growth. Furthermore, with rapid digital transformation in the region, the demand for cables and connectors is surging, augmenting industry growth. Furthermore, the advent of Industry 4.0 is further increasing the use of cables and connectors in the region, thereby positively impacting the market's growth. Moreover, the increasing investments in advanced infrastructure using cables and connectors are providing further impetus to the market's growth.
Two ranges of micro-D connectors of Axon Cable S.A.S., one of the leading companies in the market, were qualified by the European Space Agency in February 2021. The connectors comply with the ESCC3401/029 standard and depict the company’s expertise in connectors and the space field. The lightweight, small, reliable, and designed connectors are ideal for harsh environmental conditions. The connectors are extensively tested on space missions like Mars Rovers Curiosity and Perseverance, the European Mission Exomars, Solar Orbiter and Metop. Moreover, the connectors are a quick looking system and require no tools. They can be connected with one click and are ideal for enhancing time effectiveness. Furthermore, the connectors are suitable for confined space, making them ideal for space field applications. Such developments are propelling market growth.
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The major players in the global cables and connectors market are Axon Cable S.A.S., Amphenol Corporation, Sumitomo Electric Wiring Systems, Inc., Fujitsu Limited, and Nexans Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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