Report Ocean presents a comprehensive research report on Connector, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Connector.
The global connector market size was US$ 65.3 billion in 2021. The global connector market is expected to grow to US$ 111.7 billion by 2030 by registering a compound annual growth rate (CAGR) of 6.1% during the study period from 2022 to 2030.
Connectors are used to build connections among devices. Connectors are usually integrated with the plug, the male component, and the socket, the female component.
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Factors Influencing the Market
Connectors find applications in different areas and are available in different types like PCB Connectors, I/O Connectors, circular connectors, fiber optic connectors, RF coaxial connectors, etc. Wire connections such as standard & high temp screw-on electrical wire connectors, screw-on wire connectors, wing wire connectors, and push-in wire connectors are frequently used in a variety of applications. Radio antennae, nuclear instrumentation, and analog & serial digital interface video feeds, among others, are all connected via the BNC connector. Every circuit requires network connectors, and their dependability is crucial. Therefore, it will drive the growth of the global connector market during the analysis period.
During the projected period, it is anticipated that the size of the worldwide connector market would expand significantly. The connector market is expanding as a result of factors such as quick urbanization, rising consumer electronics demand, and widespread use of automation technologies in many industries, such as the automotive, defense, and industrial sectors. The automotive industry is also propelled by the adoption of cutting-edge safety measures, an increase in the number of electronic components in cars, and an increase in the number of autonomous vehicles around the world. Additionally, the growing use of 5G and IoT technologies in the telecom and automotive sectors is anticipated to open doors of opportunities for the global connector market during the analysis period.
Regional Analysis
The Asia-Pacific connector market is expected to grow at the potential growth rate due to the rapidly growing demand for smartphones and other consumer electronics. Additionally, the surge in automotive production and industrial automation will present attractive prospects for market growth during the analysis period.
Due to the growing demand for specialist devices that can resist high temperatures, the connector market in North America has experienced significant growth. The expansion of modern safety systems in automobiles, along with a bright outlook for the automotive industry, will fuel market expansion across Europe.
With major expenditures in telecom and industrial development across the United States and Canada over the past ten years, the connector industry in North America has experienced a resurgent rise.
COVID-19 Impact Analysis
The onset of the COVID-19 pandemic has negatively affected the global economy, which, in turn, led to a sudden decline in infrastructure development and installation projects. Therefore, it hampered the growth of the global connectors market.
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Competitors in the Market
3M
ABB Ltd.
Ametek Inc.
Amphenol Corporation
Aptiv PLC
Foxcon (FIT)
Hirose Electric Co. Ltd.
HUAWEI TECHNOLOGIES CO. Ltd.
Japan Aviation Electronics Industry Ltd.
J.S.T. MFG. CO., Ltd.
Koch Industries Inc.
Luxshare Precision Industry Co., Ltd.
NEXANS, PRYSMIAN S.P.A.
TE Connectivity Ltd.
Yazaki Corporation
Other Prominent Players
Market Segmentation
The global connector market segmentation focuses on Product, End User, and Region.
By Product
PCB Connectors
I/O Connectors
Circular Connectors
Fiber Optic Connectors
RF Coaxial Connectors
Others
By End User
Consumer Electronics
Telecom
Automotive
Energy and Power
Aerospace and Defense
Others
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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