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A compound annual growth rate (CAGR) of 6.2% is anticipated for the cable assembly market, which was estimated to be worth USD 165.68 billion in 2022. A worldwide cable assembly is made up of connectors, cables, and other parts that are packaged together and used to transfer power or electrical signals. Numerous sectors, such as automotive, telecommunications, aerospace, industrial equipment, consumer electronics, and healthcare, employ cable assemblies.
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