According to the latest report from market research firm The Insight Partners, the global high-speed wire market is expected to grow from US$10.73 billion in 2021 to US$17.11 billion in 2028, with a compound annual growth rate (CAGR) of 6.9%.
The report points out that as the global digitalization process accelerates, the amount of data generated has increased significantly, driving companies' demand for advanced processing and storage solutions, thereby promoting the construction of data centers. These data centers play a key role in cloud computing, especially small and medium-sized enterprises, which are actively adopting cloud technology due to cost and operational advantages. In addition, the rise of the Internet of Things (IoT), augmented reality (AR) and virtual reality (VR) has further promoted the deployment of data centers, thereby increasing the demand for high-speed cables.
The major product types in the high-speed cable market include direct attached copper cable (DAC), PCIe cable, SAS cable, active electrical cable (AEC), active copper cable (ACC) and active optical cable (AOC). Among them, DAC cables are widely used in data center connections between servers, storage devices, and switches due to their high reliability and cost-effectiveness.
However, the COVID-19 outbreak has had a short-term impact on the high-speed wire market, leading to supply chain disruptions, product launch delays and suspension of manufacturing units. Nevertheless, as the economy gradually restarted, the market began to recover since the end of the fourth quarter of 2020, the supply chain stabilized, and market demand picked up.
In terms of regions, North America, Europe and Asia Pacific are the main growth drivers of the high-speed wire market. Among them, the Asia-Pacific region has become a key area for market growth due to the accelerated construction of Internet infrastructure and the increasing demand for digital transformation.
Major market players include Amphenol ICC, Axon Cable, Carlisle Interconnect Technologies, HPL, LEONI AG, NVIDIA Corporation, Samtec, Shenzhen Sopto Technology Co., Ltd. and TE Connectivity Ltd., among others. These companies continue to expand their market share through product innovation and strategic collaboration.
Overall, with the continuous advancement of digitalization and cloud computing, the high-speed wire market is expected to maintain steady growth and become one of the important infrastructures supporting future technological development.