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Connector Market Trends

Report ID: GMI4852
Published Date: Jul 2023
Report Format: PDF

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Connector Market Trends

Growing adoption of wireless connectivity coupled with consumer inclination towards reliability & durability in a wide array of industries is anticipated to propel the industry dynamics. Industries such as aerospace, defense, and automotive put a strong emphasis on reliability and durability. Connectors designed for harsh environments, with features like sealing against dust and moisture, high temperature resistance, and rugged construction, were sought after, thereby impelling the market growth.

The connector market showcased the adoption of advanced materials to improve performance. Materials like fiber optics gained popularity for their high bandwidth capabilities, while materials with better thermal conductivity were used in high-power applications to manage heat dissipation. The shift towards automation where manufacturing process is witnessing automation and advanced robotics, leading to improved productivity, reduced costs, and increased efficiency.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of connector was valued at over USD 68.5 billion in 2023 and is set to grow at a CAGR of over 4.1% through 2032, backed by the increasing demand for high-speed data transmission across computers & peripherals.

The connector market for telecom end use is anticipated to grow at CAGR of over 5% during 2023 and 2032, owing to shifting focus towards the development of 5G infrastructure along with a substantial rise in Internet usage with increasing demand for secure & reliable communication.

Asia Pacific market for connector is projected to record 4% CAGR through 2032. A positive outlook toward FDI investments for the development of the IT & telecommunication sector, along with rising passenger car demand will boost the APAC industry growth.

Aptiv PLC, TE Connectivity, Amphenol Corporation, Molex Inc, Luxshare Precision Industry Co. Ltd., Foxconn Technology Group, Japan Aviation Electronics Industry, Ltd., Yazaki Corporation, Rosenberger Group amongst others.