Cable

$2.2B global pre-terminated systems market forecast to 7.7% CAGR thru 2027

June 30, 2021

According to Research and Markets, the pre-terminated systems market in the U.S. was estimated at US$599.3 million in the year 2020.

The "Pre-Terminated Systems - Global Market Trajectory & Analytics" report has been added to the offering of ResearchAndMarkets.com (Dublin, Ireland).

Amid the COVID-19 crisis, the updated research finds the global market for pre-terminated systems estimated at US$2.2 billion in the year 2020, with the market projected to reach a revised size of US$3.7 billion by 2027, growing at a CAGR of 7.7% over the period from 2020-2027.

Components, one of the segments analyzed in the report, is projected to a record 8.2% CAGR and reach US$2.6 billion by the end of the analysis period. Meanwhile, after an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the services segment has re-adjusted to a revised 6.7% CAGR for the next 7-year period, added the analyst firm.

According to Research and Markets, the pre-terminated systems market in the U.S. was estimated at US$599.3 million in the year 2020.

China, the world`s second largest economy, is forecast to reach a projected market size of US$844.1 million by the year 2027, trailing a CAGR of 11.8% over the updated report's analysis period from 2020 to 2027.

Other noteworthy geographic markets for the technology are Japan and Canada, each forecast to grow at 4.1% and 7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at an approximately 5% CAGR.

Select competitors profiled in the report, with a total of 35 featured, include: