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 connector market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $77.5 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. 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.

Browse 66 market data tables and 95 figures spread through 167 pages and in-depth TOC on “Connector Market"

To download report brochure, please go to https://www.lucintel.com/connector-market.aspx and click "report brochure" tab from the menu.

In this market, different types of connector grades such as 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 in various product type. 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 connector 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 connector manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the connector market by product type, end use industry, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Connector Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The 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 connector market by product type, end use industry, and region as follows:

By Product Type [$M shipment analysis for 2014 – 2025]:

PCB (Printed circuit board) ConnectorRectangular I/OApplication Specific ConnectorFiber Optic ConnectorRF (Radio Frequency) CoaxCircular ConnectorIC (Integrated circuit) Sockets Others
By End Use Industry [$M shipment analysis for 2014 – 2025]:

Automotive and TransportationConsumer ElectronicsComputer and PeripheralsIndustrialTelecom/DatacomOthers
By Region [$M shipment analysis for 2014 – 2025]:

North AmericaUnited StatesCanadaMexicoEuropeGermanyUnited KingdomFranceItalyAsia PacificChinaJapanIndiaSouth KoreaThe 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 click on this link https://www.lucintel.com/connector-market.aspx or [email protected].

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