Cable Assembly Market growing fast
Global analysts Technavio are predicting that the international cable assembly market is set for a period of strong, steady growth; growing at a compound annual growth rate of 9.15% between 2014-2019.
Cable assembly is a collection of wires and cables banded together in a single unit. It is used to connect various types of systems and equipment to carry out its desired operation in component and finished product manufacturing. Common cable assembly types include multi-conductor, coaxial, wire and cable harness, complex military, flat ribbon and custom electromechanical. End users can be segmented by industry: Automotive, computers and peripherals, telecom/datacom, military/aerospace, industrial, consumer, transportation, medical, instrumentation, business/office and others.
With such a large scope, it is hardly surprising that the market is set to grow at the above predicted rates with the increasing popularity of Video-On-Demand and Internet Protocol, and the accelerating demand for electric vehicles and more advanced electronics in all cars and commercial vehicles being among market drivers identified as key. What’s more, custom cable assembly manufacture has been identified as a key market trend by Technavio.
This is good news for British Manufacturing, big or small. Britain has proved central to electric vehicle development. Likewise Britain’s involvement in the development of Video-On-Demand and Internet Protocol is well documented.
Here at Printasleeve, we are working closely with cable assembly manufacturers in many different sectors, supplying the materials required to drive this growth. Please do contact us for cut, printed or unprinted, heatshrink, braided and other solutions including branded products that match harness specifications such as TE Connectivity –Tyco and Raychem and Megamide.