According to
a new market report published by Lucintel, the future of the connector market
looks promising with opportunities in the automotive and transportation, telecom/datacom,
computer and peripheral, industrial, and consumer electronics industry. The
global connector market is expected to reach an estimated $80.4 billion by 2023
with a CAGR of 4.9% from 2018 to 2023. The major growth drivers for this market
are growing 3C applications (Computers, Communications, and Consumer
Electronics), miniaturization of electronic devices, and demand for products
with advanced features, convenience, and connectivity.
In this
market, PCB (Printed circuit board) connector, rectangular I/O, application
specific connector, circular connector, IC (Integrated circuit) sockets, RF
(Radio frequency) coax, and fiber optic connector are used for connecting
electrical circuits in a wide range of end use industries. Lucintel forecasts
that PCB connector will remain the largest product type due to growing
automation in various sectors such as automotive, industrial, and military is
driving the PCB connectors. Fiber optic connector segment is expected to
witness the highest growth rate due to its easy installation, fast connection,
low signal loss, and high performance which are highly required in optical
communications.
Within the connector
market, the automotive and transportation will remain the largest end use
industry and witness highest growth during the forecast period due to
increasing electronic content in vehicles, increasing need for safety systems,
and growing demand for hybrid and electric vehicles.
Asia Pacific
is expected to remain the largest market and will experience the highest growth
over the forecast period. The growth is supported by growth in automotive production,
growing demand in tablets and smartphones, and increasing industrial
automation, and growth in demand for home appliances. The awareness regarding
increasing air pollution levels has encouraged the adoption of electric
vehicles that create tremendous opportunities for connectors in China, Japan,
India, and other countries.
Emerging trends, which have a direct impact
on the dynamics of the industry, includes Increasing demand for high speed
connectors, shift towards compact and thinner connectors, development of high
power connectors. TE Connectivity Ltd., Amphenol Corporation, Molex
Incorporated, Hon Hai Precision, and Delphi Connection are among the major
manufactures of connectors.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed the global connector market by
product type, by end use industry, and region. Lucintel has prepared a
comprehensive research report entitled
“Growth
Opportunities in the Global Connector Market 2018-2023: Trends, Forecast, and
Opportunity Analysis.” This
Lucintel report serves as a catalyst for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global connector market by product type, end
use industry, and region as follows:
By Product Type [$M shipment analysis for 2012
– 2023]:
- PCB (Printed circuit board) Connector
- Rectangular I/O
- Application Specific Connector
- Fiber Optic Connector
- RF (Radio Frequency) Coax
- Circular Connector
- IC (Integrated circuit) Sockets
- Others
By End Use Industry [$M shipment analysis for
2012 – 2023]:
- Automotive
and Transportation
- Consumer
Electronics
- Computer
and Peripherals
- Industrial
- Telecom/Datacom
- Others
By Region [$M shipment analysis for 2012 –
2023]:
·
North America
− US
− Canada
− Mexico
·
Europe
−
Germany
−
United Kingdom
−
France
−
Italy
·
Asia Pacific
−
China
−
Japan
−
India
−
South Korea
·
Rest of the World
This
167-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 helpdesk@lucintel.com. Lucintel offerings include Telecommunication
Report, Telecommunication
Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Matrix.
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 most promising
potential, high-growth opportunities for the global connector market by product
type (PCB (Printed circuit board) connector, fiber optic connector, rectangular
I/O, RF (Radio Frequency) coax, application specific connector, circular
connector, IC (Integrated circuit) sockets, and others), end use industry (automotive
and transportation, consumer electronics, computer and peripherals, industrial,
telecom/datacom, and others), and region (North America, Europe, Asia Pacific,
and the Rest of the World)?
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 the 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 material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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