Connector Market Growth Analysis 2020-2026

　　Industry Trends

　　Connector Market size surpassed USD 60 billion in 2019 and annual installation is anticipated to exceed 6 billion units by 2026. Increasing demand for high speed data transmission across computers & peripherals will propel industry growth of connectors. PCB connector units accounted for dominant market share in 2019.

　　Connectors are electromechanical devices that interconnect cables, wires, and hoses to allow smooth flow of electricity. The global connector industry in the past decade has witnessed a significant turnaround, primarily due to the growing application of several networking devices. The flourishing telecommunication, computer networking and automotive sectors have significantly increased the market demand of connectors across the globe.
 

　　However, the ongoing COVID-19 pandemic has caused large scale economic disruption across several developed & developing nations across the globe. The slowdown of the global economy coupled with decreased GDP of leading economies in first half of FY2020 on account of the pandemic is expected to hamper the industry growth in the medium term.
 

　　Lockdown of manufacturing operations, and shortage of workforce are few eminent factors that will limit the installation of these units. Despite the economic slowdown, the market outlook is anticipated to recover by the fourth quarter of FY2020, as the manufacturing operations recommence after the lockdown.
 

　　The study features a detailed analysis of industry trends across the globe segmented on a regional & country basis across product and end-use. Moreover, the market forecasts & estimates are in line with the data represented by authorities including the Energy Information Administration (EIA), International Energy Agency (IEA), World Bank, government regulatory bodies, and company press releases.

　　Connector Market Report Coverage

　　Growing demand of electrical devices will spur the market statistics of PCB connectors over the forecast timeframe

The significantly growing semiconductor industry has propelled the PCB connector market demand in the last few years. The PCB connectors are primarily categorized into three types which includes wire-to-board for linking individual wires to PCBs, cable-to-board for aligning circular or ribbon cable to PCBs and board-to-board for connecting two or more PCBs together.
 

　　The rising applications for consumer electronics devices such as white goods and brown goods will proliferate the market growth extensively. In addition, the growing usage of automation technology across various sectors including industrial, automotive, and defense will further drive the market statistics of PCB connectors over the forecast period.

　　Expanding telecommunication sector with the growing 5G adoption will positively influence the connector market trends

The versatility of connectors is reflected across the diverse industrial applications where they are utilized for numerous purposes. The telecom connectors are used to enhance the exchange rate of large data via electronic or electrical means over a long distance. The telecom connectors segment is expected to register a market growth of over 8% during 2020 & 2026 on account of rising demand for connectivity and internet access.
 

　　Shifting focus towards the development of 5G infrastructure along with a substantial rise in Internet usage with increasing demand for secure & reliable communication will drive the market growth substantially. Additionally, the influx of FDI in telecom sector across major economies will further proliferate the market demand for connectors during the forecast period.

　　Rising automotive & telecom sectors across North America region will drive industry forecasts

The North America connector market is witnessing a substantial surge owing to rising demand for specialized devices that can withstand high temperatures. The positive outlook toward the automotive sector coupled with an increase in advanced safety systems in vehicles will drive the market growth across Europe. The expanding industrial, commercial, and consumer electronics industries across the Asia Pacific region will drive the connector industry growth.
 

　　Increasing investments toward the telecommunication sector will stimulate the market demand in the Middle East & Africa region. Growing vehicle components manufacturing coupled with increasing investments in fiber optics networks will drive the industry demand in Latin America.
 

　　The connector market in North America has witnessed a resurgent growth with significant investments in telecom & industrial development across the U.S. and Canada over the last decade. The ongoing expansion and upgrading of various industrial facilities will stimulate the regional market over the forecast period.
 

　　As of 2019, the U.S. dominated the regional connector industry by contributing over 80% of sales. Favorable regulatory environment and the strengthening economy have improved the workforce quality across the U.S. thereby acting as catalysts for the expanding telecom and industrial sectors.
 

　　Strategic acquisitions and collaboration acting as the focal point for leading market players

　　The key market players are focusing on developing new products with advanced features to enhance their market share in the industry. In addition, collaborations and partnerships are among the prominent strategies followed by the industry giants to achieve a competitive edge in the global market. Moreover, leading industry participants are focusing toward forward & backward integration by establishing direct distribution channels and long-term supply contracts to reduce their products prices to enhance their market share.
 

　　The prominent players profiled in the connector market report includes Aptiv PLC, TE Connectivity, Amphenol Corporation, Molex Inc, Luxshare Precision Industry Co. Ltd., Foxconn Technology Group, Japan Aviation Electronics Industry, Ltd., Yazaki Corporation, Rosenberger Group amongst others.
 

　　Connector market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units, and ‘USD” from 2015 to 2026, for the following segments:

　　By Product

• PCB Connectors

• IO Connectors

• Circular Connectors

• Fiber Optic Connectors

• RF Coaxial Connectors

• Others

　　By End Use

• Telecom

• Transportation

• Automotive

• Industrial

• Computer & Peripherals

• Others

　　The above information has been provided for the following regions and country:

• North America

• U.S.

• Canada

• Mexico

• Europe

• Germany

• France

• Russia

• UK

• Italy

• Spain

• Asia Pacific

• China

• Japan

• India

• South Korea

• Australia

• Middle East & Africa

• UAE

• Saudi Africa

• South Africa

• Latin America

• Brazil

• Argentina