Alcatel-Lucent (France) Continues to Maintain its Dominance in the Cables and Connectors Market
The cables and connectors market is expected to register a moderate growth of nearly 12.7% between 2014 and 2020. The major players in the market are expected to witness a high bargaining power of suppliers and are also, expected to focus on building consortiums or partnerships with other solution providers in the cables and connectors landscape, in order to cater to the demands of their end users.
Some of the large corporations operating in the cables and connectors market include Alcatel-Lucent (France), Amphenol Corp. (U.S.), TE Connectivity Ltd. (Switzerland), Prysmian Group (Italy), Nexans S.A (France), Fujitsu (Japan), Axon Cables (France), Molex, Inc. (U.S.), Esterline Technologies Corp. (U.S.), and Huawei Technologies Co. Ltd. (China).
Alcatel-Lucent (France) held the leading position in the global cables and connectors market in the satellite and submarine industries in 2013. The company has adopted the strategy of acquisitions and contracts. For instance, in November 2014, the company’s subsidiary Alcatel-Lucent Submarine Networks (ASN) acquired Optoplan AS (Norway), which is a provider of 4D permanent reservoir monitoring (PRM) solutions used in offshore oil and gas production. Additionally, in order to sustain its leading position and ensure its future growth, Alcatel-Lucent has signed a contract worth several hundred million USD with the South East Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) consortium.
Amphenol Corp. (U.S.) was ranked second in terms of market share in the cables and connectors market in the satellite and submarine industries in 2013. Amphenol focuses mainly on organic strategies such as new product launches and product development. Due to this reason, it has been coming up with new products for the cables and connectors market. For instance, in January 2015, the company launched an optical connector named “CTOS”, which majorly caters to the defense, aerospace, and space industries. The company expects to play a prominent role in the cables and connectors industry by launching several innovative products in the market enabled by the extensive research and development initiatives undertaken by the company.
Related Reports:
Cables and Connectors Market for Satellite and Submarine Industries, by Components (Cable and Cable Assemblies, Connectors and Others), Application (Testing and Manufacturing), Industries and Geography- Analysis and Forecast (2012-2020)
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