According to a new market report published by
Lucintel, the future of the connector industry looks good with opportunities
in the transportation, telecom/datacom,
computer and peripherals, and industrial segments. The global connector industry is forecast to
grow at a CAGR of 5.1% by value from 2016 to 2021. The
major drivers of growth for this market are the increasing demand of connectors
from 3C application (Computers, communications, and consumer electronics) and increasing
demand for advanced features, convenience, and connectivity products.
Connectors are used in the variety of end-use
industry, such as transportation, consumer electronics, computer and
peripherals, industrial and telecommunication industry. On the basis of its
comprehensive research, Lucintel predicts that the demand for transportation
connector is likely to experience the highest growth in the forecast period
supported by increasing electronic content
in vehicles and growing automotive production.
Within the connector industry, the PCB connectors
segment will remain as the largest segment. Growing automation in various
sectors, such as transportation, industrials, and military is expected to spur
growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest
market due to the increasing production of electronic component and devices in
this region. Asia Pacific and the Rest of the World are expected to witness
significant growth over the forecast period because of growth in communication,
computer/peripheral and consumer electronic product propelled by economic
expansion, increasing per capita income, and urbanization.
For
business expansion, the report suggests innovation and new product development,
to enhance the connectors speed. The report further suggests the development of
partnerships with customers to create win-win situations and development of
low-cost solutions for the end user.
The
emerging trends, which have a direct impact on the dynamics of the industry,
include increasing demand for high speed connectors and increasing demand for compact
and thinner connectors. TE Connectivity Ltd., Amphenol Corporation, Molex Incorporated, Hon Hai Precision, and Delphi connection are
among the major suppliers of connectors. There are some companies that are
opting for merger and acquisition as a strategic initiative for driving growth.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the
global connector industry by end use segment, connector type, and region and has
come up with a comprehensive research report, “Growth
Opportunities in the Global Connector Industry 2016-2021: Trends, Forecast, and
Opportunity Analysis.” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the growth opportunities in the global connector
industry by end use segment, connector type, and region as follows:
By end use segment [$ Billion shipment
analysis from 2010 to 2021]:
·
Transportation
·
Consumer Electronics
·
Computer and Peripherals
·
Industrial
·
Telecom/Datacom
·
Others
By connector type [$ Billion shipment analysis
from 2010 to 2021]:
·
PCB
·
Rectangular I/O
·
Application Specific
·
Circular
·
IC Sockets
·
RF Coax
·
Fiber Optic
·
Others
By region [$ Billion shipment from 2010 to 2021]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This
148-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/opportunities_for_global_connector_market_20162021.aspx
or
helpdesk@lucintel.com. Lucintel offerings include Telecommunication
Report, Telecommunication
Market Report, Strategic
Growth Consulting, Commercial Due Diligence
Report and Business
Strategy Consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1:
What are some of the potential, high-growth opportunities for global connector
industry by applications, by connector types, and regions?
Q.
2. Which segments will grow at a faster pace and why?
Q.3:
Which regions will grow at a faster pace and why?
Q.4:
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5:
What are the business risks and threats to the market?
Q.6:
What are emerging trends in this market and reasons behind them?
Q.7:
What are some changing demands of customers in the market?
Q.8:
What are the new developments in the market? Which companies are leading these
developments?
Q.9:
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10: What are some of the competitive products and
processes in this area and how big of a threat do they pose for loss of market
share via materials / product substitution
Q.11:
What are M & A activities in the last 5 years in this market? What reasons
can be attributed to these activities and how have they impacted the industry?
