Connector Market Size to Reach USD 98.12 Billion by 2027 at a CAGR of 6.7% - Valuates Reports

BANGALORE, India, April 6, 2021 /PRNewswire/ -- The Connector Market is segmented By Product Type (PCB Connectors, I/O Connectors, Circular Connectors, Fiber Optic Connectors, RF Coaxial Connectors, and Others), and End User (Consumer Electronics, Telecom, Automotive, Energy & Power, Aerospace & Defense, and Others). This report covers Global Opportunity Analysis and Industry Forecast from 2020 to 2027. This report is published on Valuates Reports in the Electronic Components Category.

The global Connector Market size was valued at USD 64.17 billion in 2019 and is projected to reach USD 98.12 billion by 2027, registering a CAGR of 6.7% from 2020 to 2027. 

Major factors driving the growth of connector market size are 

• Rapid urbanization, along with growing demand for consumer electronic devices,
• Increasing demand for network bandwidth coupled with a spur in fiber optics deployment will further stimulate the demand for connectors.
• High usage of automation technology across various sectors, including industrial, defense, and automotive segments.

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TRENDS INFLUENCING THE GROWTH OF CONNECTOR MARKET SIZE

Favorable telecom policies implemented by regulators coupled with growing internet users will proliferate the connectors market size 

The surge in the number of data centers is expected to create lucrative opportunities for the market. Businesses are relying on data centers to provide reliable, cost-effective, and long-term data backup. The connectors designed into these increasingly important connectivity hubs make a surprisingly big impact on their operating costs and performance. Furthermore, demand for connectors will increase as a result of various initiatives such as Industry 4.0 and the paradigm change toward industrial automation.

The soaring automotive segment is in turn expected to fuel the growth of connectors market size. The adoption of advanced safety features & the increasing number of electronic components in vehicles, and the rise in the number of autonomous vehicles globally are in turn increasing the demand for connectors.

Other factors that are expected to drive the connectors market size are increased adoption of smart technologies and increased investment in security and submarine cables by various organizations. 

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CONNECTOR MARKET SHARE ANALYSIS

Due to increased demand for smartphones, a boom in automotive production, industrial automation, and growth in consumer electronics, the Asia-Pacific region is expected to rise at the fastest pace during the forecast period.

Based on type, the PCB Connectors segment will maintain the lead throughout the forecast period.

 The telecom segment is expected to grow at the highest CAGR of 8.1% during the forecast period based on end-user.

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 CONNECTOR MARKET KEY SEGMENTS

By Product Type

• PCB Connectors
• I/O Connectors
• Circular Connectors
• Fiber Optic Connectors
• RF Coaxial Connectors
• Others

By End User

• Consumer Electronics
• Telecom
• Automotive
• Energy & Power
• Aerospace & Defense
• Others

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Italy
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Market Players

• 3M
• ABB Ltd.
• AMETEK
• Amphenol Corporation
• Aptiv PLC
• Huawei Technologies Co. Ltd.
• Japan Aviation Electronics Industry Ltd.
• Nexans
• Prysmian S.P.A.
• TE Connectivity Ltd.

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SIMILAR REPORTS

-  In 2020, the global Circular Connectors market size was USD 4234.4 Million and it is expected to reach USD 5279 Million by the end of 2027, with a CAGR of 3.2% during 2021-2027.

-  5G RF Connector Market by Product-Type: Cable Connectors, Multi-Port Connectors, PCB Connectors, Others, Application: Wireless Infrastructure, Test Measurement, Aerospace Aircraft, Others & Region.

-  EV Charging Connectors Market is segmented By Type - AC, DC, by Application -BEV, HEV, FCEV, by key players, by Regions: North America, Europe, China and Japan, etc.

-  Military Connectors Market by Product-Type: Circular, Rectangular, Fiber Optic, Application: Army, Navy, Air Force, Marines, by Regions: North America, Europe, China and Japan, etc.

-  Underwater Power Connector Market by Product-Type: Dry Mate Connector, Wet Mate Connector, Others, Application: Oil and Gas, Military and Defense, Telecommunication, Power Industry, by key players , by Regions: North America, Europe, China and Japan, etc.

-  RF Coaxial Connector Market by Product-Type: Wire to Wire, Wire to Board, Board to Board, Application: Automotive, IT Sector, Telecom Sector, Industrial Sector, Others,by key players , by Regions: North America, Europe, China and Japan, etc.

-  Fiber Optic Connector Market by Product-Type: Simplex channel, Duplex channel, Multiple channel, Application: Microlens arrays, Arrays of active components, Optical cross-connect switches, Other, by key players , by Regions: North America, Europe, China and Japan, etc.

-  Array Connector Market Drivers and RestrainsThe research report has incorporated the analysis of different factors that augment the markets growth. Product: Array Connector, Product-Type: Low frequency, High frequency, Application: Electronic Products, Computer, Others, Region

-  Industrial USB Connectors Market by Product-Type: Industrial USB Type A, Industrial USB Type B, Industrial USB Type C, Application: Industrial Automation, Medical, Media & Entertainment, Automotive, by key players , by Regions: North America, Europe, China and Japan, etc.

-  Medical Connectors Market Research Report by Product (Disposable Plastic Connectors, Embedded Electronics Connectors, Flat Silicone Surgical Cables, Hybrid Circular Connector and Receptacle Systems, and Push-pull Connectors), by Application (Cardiology Devices, Dental Instruments, Diagnostic Imaging Devices, Electrosurgical Devices, and Patient Monitoring Devices)

-  Automotive Connectors Market Research Report by System Type (Sealed Connector System and Unsealed Connector System), by Connection Type (Board to Board Connection, Wire to Board Connection, and Wire to Wire Connection), by Vehicle Type , by Application

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