According to the latest market study released, the global cable assembly market is expected to grow at a CAGR of more than 5% through 2021.
Cable assemblies are found in automobiles, medical products, military equipment, industrial controls, and machinery, the energy sector, and all kinds of consumer electronics. Electric cables can be defined as cables that transmit control signals or information, or that supply low current power typically below 5 amps. Often the power is DC by sometimes it can be AC, but in either case for electronic cable assemblies, the power is low.
Cable assemblies are used on a wide variety of equipment they often experience wide ranges of movement or flexing. Regardless of how much movement the assembly experiences it is critical that it be designed correctly to withstand any flexing. This is important for two reasons. One, a failed cable assembly means the data or power stops and this can have bad consequences. Two, a wrong design can increase costs beyond what the application truly needs.
Pankvin Industries Private Limited categorizes the global cable assembly market into six major segments by application. They are as below :