Research Nester’s recent market research analysis on “PCB Connector Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global PCB Connector market in terms of market segmentation by type, material, end-use industry and by region.
Growing Consumption of Renewable Energy and Increasing trend of Miniaturization of PCB Connector to Promote Global Market Share of PCB Connector Market
The global PCB Connector market is estimated to grow majorly on account of the surge in robotics and automation, the increasing trend of miniaturization of PCB connectors, and the rising inclination towards renewable energy. Moreover, electric vehicles rely on advanced electronic systems for their operations including battery management, motor control, and power distribution. The utilization of PCB connectors ensures the seamless connection of these electronic components. It has been estimated that almost 26 million cars were on the road in the year 2022. On the back of this, the global PCB Connector market is anticipated to flourish during the forecasted period. Other than this, the expansion of the consumer electronics sector is also bolstering the growth of the global PCB Connector market. The consumer electronics is an umbrella term for mobile devices, wearables, TVs, set-top boxes, laptops, tablets, computers, printers, and scanners. For instance, in the year 2023, almost 1 in 3 Americans used wearable devices such as smart watches or bands. These factors are anticipated to augment the growth of the global PCB Connector market during the forecast period. Other than this, the increasing demand for high-speed data transmission is also fueling the global PCB Connector market growth.
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Some of the major growth factors and challenges that are associated with the growth of the global PCB Connector market are:
Growth Drivers:
• Expansion in the Consumer Electronics Market
• Increasing Robotics & Automation
Challenges:
Complexities in technology, technical challenges, exorbitant cost of PCB connectors, incorrect connector selections, and poor assembly techniques are some of the major factors anticipated to hamper the global market size of global PCB Connector market.
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By type, the global PCB Connector market is segmented into board-to-board connectors, wire-to-board connectors, pin header connectors, USB connectors, and others. Out of these, the board-to-board connectors segment is anticipated to gather the highest market share of over 30% over the forecast period. The demand for board-to-board connectors to enable numerous connectivity devices such as sensors, devices, and edge computing applications.
By region, the Europe PCB Connector market is to generate the highest revenue by the end of 2036. Additionally, Europe is projected to expand at the fastest CAGR during the forecasted period. The rising shift towards electric vehicles is leveraging the growth of the PCB Connector market in the region.
This report also provides the existing competitive scenario of some of the key players of the global PCB Connector market which includes company profiling of TE Connectivity, GradConn, Ltd., Phinia Inc., ITT Inc., Rosenberger Group, LEMO, Phoenix Contact, Samtec, JST Corporation, Hirose Electric, KYOCERA Corporation, Fuji Electric Co., Ltd., Yamaichi Electronics Co., Ltd. and others.
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