DUBLIN--(BUSINESS WIRE)--The "Connector Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
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 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 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.
Emerging trends, which have a direct impact on the dynamics of the connector industry, includes Increasing demand for high speed connectors, shift towards compact and thinner connectors, development of high power connectors.
The researcher 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.
Some of the connector companies profiled in this report include TE Connectivity Ltd., Amphenol Corporation, Molex Incorporated, Hon Hai Precision, and Delphi Connection.
Scope of the Report
Connector Market 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
Connector Market by End Use Industry [$M shipment analysis for 2012-2023]:
- Automotive and Transportation
- Consumer Electronics
- Computer and Peripherals
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2012 to 2023
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Cost Structure Analysis
7. Growth Opportunities and Strategic Analysis
8. Company Profiles of Leading Players
- Amphenol Corporation
- Delphi Connection Systems
- Hirose Electric Co., Ltd
- Hon Hai Precision Industry Co., Ltd.
- Japan Aviation Electronics Industry, Ltd.
- Molex Incorporated
- TE Connectivity Ltd.
- Volex PLC
For more information about this report visit https://www.researchandmarkets.com/research/gf8zm5/connectors_market?w=4