The global filtered connector market to grow at a CAGR of 6.56% during the period 2016-2020.
Global Filtered Connector Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A key trend which is boosting market growth is the miniaturization of devices. Rapid R&D and technological advances have created demand for reliable and compact electronic devices. This has led to growing demand for miniaturized and reliable connectors. Factors such as requirement of smaller assemblies in specific applications and the need to reduce material costs drive miniaturization of electronic devices. The aerospace industry led the miniaturization of devices, which became more advanced with the development of semiconductor technology that required the use of integrated circuits.
According to the report, a key growth driver is the rapid industrialization in China. China is the biggest consumer of filtered connectors due to increasing industrialization. The Chinese government has focused on expanding the country's electric equipment and semiconductor production to meet the rising demand for these products worldwide. The government is focusing on infrastructure and the electronic product sector, which will drive the need for new and advanced electronic equipment and lead to technological advances in the electronic product sector.
Further, the report states that could hamper market growth is reliability and durability issues. Manufacturers face these challenges in the designing of the product. Therefore, it is imperative that the materials used in manufacturing connectors must be capable of withstanding extreme temperatures and EMI during their life cycle.
- Amphenol - API Technologies - Glenair - TE Connectivity Other prominent vendors