The Global Market for Connectors is Projected to Reach US$80.3 Billion by 2022

Growing Importance of Electrical Interconnects in Developing Fault/Fail Proof Electronic Equipment Drives Demand for Connectors, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Connectors market. The global market for Connectors is projected to reach US$80.3 billion by 2022, driven by the growing demand for reliable, fail-safe electronics in a wide range of industries such as automotive, telecommunication, computers and industrial equipment. 

As critical components in innumerable electronic devices and extension cable assemblies, connectors find widespread use in a gamut of applications and are available in variety of types ranging from Power Connectors, Audio Connectors, Modular (Telephone) Connectors, BNC and UHF Connectors, D-Shell Connectors, Edge Connector, Insulation Displacement Connectors (IDCs), 8P8C Connectors, D-Subminiature Connectors to USB Connectors. Deceptively simple looking, connectors represent complex electrical systems designed to ensure signal/power integrity and stability including protecting the transmission of an electrical signal. Connectors meet critical interconnect needs in high-end end-user industries, such as, aerospace and defense/military. Technology developments, over the decades, have resulted in incremental performance improvements making connectors capable of operating in the harshest of working environments. Harsh environment connectors will continue to drive opportunities in the market in the coming years, given the fact that continuous functioning of infrastructure equipment, automobiles, aircraft, medical equipment such as life-saving defibrillators, and energy generation equipment, will always be of prime importance and concern. Specialized, custom-built connecters with the ability to withstand extreme temperatures (high & low), and exposure to electromagnetic radiation, pressure, shock, humidity, fog, chemicals, oils, and corrosive and abrasive substances, will especially score the highest gains.

Far from being a mature technology marketed in a commoditized market, interconnect technologies still continue to evolve in sync with the rising sophistication of modern electronics. Given their cross-linking with other electronic technologies, connector designs are influenced by unique applications needs/specifications. Developments in electronics create challenges in connector process integration and material designs, among others. Connector technologies will therefore continue to change in sync with developments in semiconductor technology. The drive towards miniaturization and reduction in chip density will pose challenges for connectors in areas such as contact metallurgy, use of dielectric materials, barriers and contacts. Miniaturization of interconnects and fine-pitch contacts will remain the prime focus area for most manufacturers and in this regard the role played by conductive nano materials, innovations in assembly processes and contact fabrication technologies will emerge into the spotlight. Decline in the width of connector pins, and reductions in the number of pins per connector will remain primary design goals.

As stated by the new market research report on Connectors, Asia-Pacific and Europe represent the two largest markets worldwide. Trailing at a CAGR of 6.2% over the analysis period, Asia-Pacific ranks as the fastest growing market led by positive macro-economic cues, expanding industrial, business and commercial markets, robust consumer electronics industry, and increased demand for high-quality electronic interconnect solutions. PCB Connectors constitute the largest category, while RF Coaxial Connectors represent the fastest growing product category.

Major players covered in the report include 3M, Amphenol Corporation, AVX Corporation, Carlisle Interconnect Technologies, China Aviation Optical-Electrical Technology (JONHON), CommScope Inc., DDK Ltd., Delphi Automotive plc, Esterline Technologies Corp., Foxconn Interconnect Technology Ltd., Glenair, Inc., HARTING Technology Group,  Hirose Electric Europe B.V.,  ITT Interconnect Solutions, Japan Aviation Electronics Industry Ltd., JST Mfg Co Ltd., Molex Incorporated, ODU GmbH & Co. KG,  Rosenberger Hochfrequenztechnik GmbH & Co. KG, Souriau SAS,  Sumitomo Wiring Systems Ltd., TE Connectivity Ltd., Weidmuller Interface GmbH & Co. KG and Yazaki Corporation, among others.

The research report titled “Connectors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America and Rest of World. The report also analyzes the Connector sales by Product Type – PCB Connectors, Rectangular I/O Connectors, Circular Connectors, RF Coaxial Connectors, and Other Connectors (IC Sockets, Fiber Optic Connectors, and Application Specific Connectors among others). End-Use Sectors analysis covers Automobile, Computers, Telecommunications, Industrial, Aerospace & Defense, Consumer Electronics, Transportation, and Others (Business, Retail, Education and Medical).

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