According to a new market report published by Lucintel, the future of the connector market looks promising with opportunities in the transportation, telecom / datacom, computer and peripheral, industrial, and consumer electronics industries. The connector market is forecast to reach $82.5 billion by 2027 with a CAGR of 4.2% from 2021 to 2027. The major drivers for this market are growth in communication and consumer electronics industries, miniaturization of electronic devices, and increasing electronic content in vehicles.
Browse 73 market data tables and 95 figures spread through 195 pages and in-depth TOC on “Global Connector Market"
In this market, different types of connector grades, such as PCB (Printed Circuit Board) connectors, fiber optic connectors, rectangular I/O, RF (Radio Frequency) coax, application specific connectors, circular connectors, IC (Integrated circuit) sockets, are used in a wide range of industries. Lucintel forecasts that PCB connectors will remain the largest segment due to growth in the computer, consumer electronics, and communication end use industries. The fiber optic connector segment is expected to witness the highest growth rate due to its easy installation, fast connection, low signal loss, and high performance, which are highly required in optical communications.
Within the connector market, transportation will remain the largest end use industry and witness the highest growth during the forecast period due to increasing electronic content in vehicles, increasing need for safety systems, and growing demand for hybrid and electric vehicles.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period, supported by increasing automotive production, growing demand for tablets and smartphones, and growth in demand for home appliances. The awareness regarding increasing air pollution levels has encouraged the adoption of electric vehicles, which in turn has created tremendous opportunities for connectors in China, Japan, India, and other countries.
Emerging trends, which have a direct impact on the dynamics of the connector industry, include increasing demand for high speed connectors, shift towards compact and thinner connectors, and development of high power connectors. TE Connectivity, Amphenol Corporation, Molex Incorporated, Hon Hai Precision, and Aptiv are among the major connector manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global connector market by product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Connector Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global connector market by product type, end use industry, and region as follows:
By Product Type [Value ($M) and Volume (Million Unit) shipment analysis for 2016 – 2027]:
•PCB (Printed Circuit Board) Connectors
•Rectangular I/O
•Application Specific Connectors
•Fiber Optic Connectors
•RF (Radio Frequency) Coax
•Circular Connectors
•IC (Integrated Circuit) Sockets
•Others
By End Use Industry [Value ($M) and Volume (Million Unit) shipment analysis for 2016 – 2027]:
•Transportation
•Consumer Electronics
•Computer and Peripherals
•Industrial
•Telecom/Datacom
•Others
By Region [Value ($M) and Volume (Million Unit) shipment analysis for 2016 – 2027]:
•North America
oUnited States
oCanada
oMexico
•Europe
oGermany
oUnited Kingdom
oFrance
oItaly
•Asia Pacific
oChina
oJapan
oIndia
oSouth Korea
•The Rest of the World
This 195-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/connector-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global connector market by product type (PCB (Printed Circuit Board) connectors, fiber optic connectors, rectangular I/O, RF (Radio Frequency) coax, application specific connectors, circular connectors, IC (Integrated circuit) sockets, and others), end use industry (transportation, consumer electronics, computer and peripherals, industrial, telecom/datacom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?