Electrical circuits are made up of an array of components, including wires and cables. Electrical connectors are utilized to join these to create a continuous path for electrical current to flow. Connectors have plugs and jacks that connect to each other, creating either a permanent connection or more frequently, a temporary connection that can be assembled and removed with special tools.
These connectors significantly reduce the effort, time, and manpower needed for assembling, manufacturing, and installing the devices, their components as well as wiring. Connectors are extensively used on circuits for computers, communications, consumer electronics, and industrial machinery. Furthermore, it joins two lengths of flexible copper cable or wire or connects a cable or wire to an electrical terminal. However, in computing, a connector is generally known as a physical interface (physical layer of OSI model in networking).
The scope of the report discusses the potential opportunities for the key players to enter the global connector market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by the key market players to maintain their foothold in the market.
The global connector market is expected to experience substantial growth in the foreseeable future. Factors such as rapid urbanization and a heightened demand for consumer electronics contribute to the expansion of the connector market. Increased adoption of automation technology in various sectors, including industrial, defense, and automotive, also plays a significant role in driving market growth. Specifically, the automotive sector benefits from the incorporation of advanced safety features, a growing number of electronic components in vehicles, and the global increase in autonomous vehicles. Nevertheless, fluctuations in raw material prices, particularly copper, pose a major challenge to the global connector industry. On the positive side, the industry is presented with opportunities through the rising demand from the telecom and automotive sectors, driven by the emergence of 5G and IoT technologies.
The connector market is segmented into product, end user, material, and region. On the basis of product, the market is classified into PCB connectors, I/O connectors, circular connectors, fiber optic connectors, RF coaxial connectors, rectangular connectors, solar connectors, and patchcords.
On the basis of end user, the market is categorized into consumer electronics, telecom, automotive, energy and power, aerospace and defense, and others. On the basis of material, the market is segregated into copper, aluminum, stainless steel, plastic, and others.
On the basis of region, the connector market is studied across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa)
These connectors significantly reduce the effort, time, and manpower needed for assembling, manufacturing, and installing the devices, their components as well as wiring. Connectors are extensively used on circuits for computers, communications, consumer electronics, and industrial machinery. Furthermore, it joins two lengths of flexible copper cable or wire or connects a cable or wire to an electrical terminal. However, in computing, a connector is generally known as a physical interface (physical layer of OSI model in networking).
The scope of the report discusses the potential opportunities for the key players to enter the global connector market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by the key market players to maintain their foothold in the market.
The global connector market is expected to experience substantial growth in the foreseeable future. Factors such as rapid urbanization and a heightened demand for consumer electronics contribute to the expansion of the connector market. Increased adoption of automation technology in various sectors, including industrial, defense, and automotive, also plays a significant role in driving market growth. Specifically, the automotive sector benefits from the incorporation of advanced safety features, a growing number of electronic components in vehicles, and the global increase in autonomous vehicles. Nevertheless, fluctuations in raw material prices, particularly copper, pose a major challenge to the global connector industry. On the positive side, the industry is presented with opportunities through the rising demand from the telecom and automotive sectors, driven by the emergence of 5G and IoT technologies.
The connector market is segmented into product, end user, material, and region. On the basis of product, the market is classified into PCB connectors, I/O connectors, circular connectors, fiber optic connectors, RF coaxial connectors, rectangular connectors, solar connectors, and patchcords.
On the basis of end user, the market is categorized into consumer electronics, telecom, automotive, energy and power, aerospace and defense, and others. On the basis of material, the market is segregated into copper, aluminum, stainless steel, plastic, and others.
On the basis of region, the connector market is studied across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa)
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the connector market analysis from 2022 to 2032 to identify the prevailing connector market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the connector market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global connector market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Product
- PCB Connectors
- I/O Connectors
- Circular Connectors
- Fiber Optic Connectors
- RF Coaxial Connectors
- Rectangular Connectors
- Solar Connectors
- Patchcord
By End User
- Consumer Electronics
- Consumer Electronics
- Smartphones and Laptops
- Gaming Console
- Others
- Telecom
- Telecom
- Telecom Networks and Signal
- Data Centers
- Others
- Automotive
- Energy and Power
- Energy and Power
- Power Generation
- Renewable Energy
- Others
- Aerospace and Defense
- Others
By Material
- Copper
- Aluminum
- Stainless Steel
- Plastic
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Koch Industries, Inc. (MOLEX)
- TE Connectivity
- Prysmian S.p.A.
- Nexans
- Huawei Technologies Co. Ltd.
- J.S.T. Mfg. Co., Ltd.
- Luxshare Precision Industry Co., Ltd.
- ABB Ltd.
- Ametek, Inc.
- Japan Aviation Electronics Industry, Ltd.
- Foxconn Interconnect Technology Limited (FIT)
- 3M
- Aptiv PLC
- Hirose Electric Co., Ltd.
- Amphenol Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CONNECTOR MARKET, BY PRODUCT
CHAPTER 5: CONNECTOR MARKET, BY END USER
CHAPTER 6: CONNECTOR MARKET, BY MATERIAL
CHAPTER 7: CONNECTOR MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report titled, 'Connector Market,' the connector market was valued at $62.3 billion in 2020, and is estimated to reach $114.7 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030.An electrical connector is an electromechanical gadget used for joining circuits. It consists of jacks (female end) and plugs (male end). The established connection may be permanent joint between devices or act as temporary, for portable gears. An adapter can be used to efficiently bring together different connectors. These connectors significantly reduce effort, time, and manpower needed for assembling, manufacturing, and installing devices, their components as well as wiring. There are various types on connectors available in market: PCB Connectors, I/O Connectors, circular connectors, fiber optic connectors, network connectors, and RF coaxial connectors among others. Also, connectors such as BNC connector, XLR connector, and wire connectors like standard & high temp screw-on electrical wire connectors, screw-on wire connectors, wing wire connectors, and push-in wire connectors, are widely used in various applications. The BNC connector is used for signal connections such as: radio antennas, nuclear instrumentation, analog & serial digital interface video signals, among others. However, XLR connector is used to connect XLR cable which is primarily found on professional audio, video, and stage lighting equipment’s.
The global connector market is anticipated to witness significant growth during the forecast period. Factors such as rapid urbanization along with rise in demand for consumer electronic devices, high usage of automation technology across various sectors including industrial, defense, and automotive segment drive the growth of the connector market. In addition, the automotive segment is fueled by adoption of advanced safety features & the increasing number of electronic components in vehicles, and rise in the number of autonomous vehicles globally. However, volatility in the raw material prices such as copper, is a major restraint to global connector industry. In addition, surge in demand from telecom and automotive sector owing to emerging 5G, and IoT technology is expected to create opportunities for the connector market industry.
Moreover, developing nations tend to witness high penetration of connector market products, especially in the consumer electronic and telecommunication segment. Factors such as high demand for high-speed connectors, and surge in digitalization worldwide owing to COVID-19 pandemic contribute toward the connector market growth in the coming years.
The global connector market is segmented into product type, end user, and region. By product type, the market is divided into PCB Connectors, I/O connectors, circular connectors, fiber optic connectors, RF coaxial connectors, and others. By end user, the market is segregated into consumer electronics, telecom, automotive, energy & power, aerospace & defense, and others.
Region wise, the connector market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributed maximum revenue in 2020. Also, between 2020 and 2030, the Asia-Pacific connector market size is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from the emerging economical countries such as China, India, South Korea, Japan, among others. Further, it is anticipated to increased the connector market share contribution by the region.
COVID-19 Impact Analysis
The arrival of COVID-19 has significantly affected the electronic and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are estimated to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted global supply chain posing challenges for manufactures to reach customers. The overall production process is being adversely affected, but owing to increase in demand from automotive, consumer electronics, and telecom sector, boost the growth of the connector market globally.
Companies Mentioned
- Koch Industries, Inc. (MOLEX)
- TE Connectivity
- Prysmian S.p.A.
- Nexans
- Huawei Technologies Co. Ltd.
- J.S.T. Mfg. Co., Ltd.
- Luxshare Precision Industry Co., Ltd.
- ABB Ltd.
- Ametek, Inc.
- Japan Aviation Electronics Industry, Ltd.
- Foxconn Interconnect Technology Limited (FIT)
- 3M
- Aptiv PLC
- Hirose Electric Co., Ltd.
- Amphenol Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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