Insight into Market Players' Consolidation and Its Impact on Expansion
(PRUnderground) December 8th, 2023
The Connectors Market is poised for substantial growth, with Technavio projecting an increase of USD 26.67 billion, showcasing a robust CAGR of 6.48% from 2023 to 2028. A diverse mix of global and local players shapes this market, with mergers playing a pivotal role, especially where major corporations acquire smaller regional counterparts. These strategic moves open avenues for manufacturers to expand their product portfolios globally, aligning with international standards and meeting customer expectations. Technavio provides an updated analysis of the current global market scenario and the overall market environment. Obtain the Report
Connectors Market 2024-2028: Market Segmentation • End-user o Automotive o IT o Telecom Or Datacom o Consumer Electronics And Others • Type o PCB Connectors o I/O Rectangular o Application-specific o Fiber Optic Connectors And Others • Geography o APAC o Europe o North America o South America o Middle East And Africa
The automotive segment is anticipated to play a significant role in the market’s expansion during the forecast period. Key growth drivers within this segment include advancements in automotive technologies such as autonomous vehicles, electric vehicles (EVs), sophisticated cruise controls, climate regulation, and audio systems. The rapid evolution of technology across automotive devices fuels the demand for reliable, standardized, durable, and cost-effective connectors.
Connectors Market 2024-2028: Company Analysis and Scope Major players in the connectors market industry include 3M Co., ABB Ltd., ALLIED ELECTRONICS CORP., AMETEK Inc., Amphenol Corp., Aptiv Plc, Elcom International Pvt. Ltd., Hon Hai Precision Industry Co. Ltd., Huawei Technologies Co. Ltd., Koch Industries Inc., METZ CONNECT GmbH, Nexans SA, Prysmian Spa, Rosenberger Hochfrequenztechnik GmbH & Co. KG, TE Connectivity Ltd., Yazaki Corp., HIROSE ELECTRIC Co. Ltd., J.S.T. MFG. Co. Ltd., Japan Aviation Electronics Industry Ltd., and Luxshare Precision Industry Co., Ltd. Technavio’s report offers a detailed analysis of approximately 25 companies operating in the market, providing valuable insights to help businesses enhance their market position. Market vendors are encouraged to fortify their presence in fast-growing segments while maintaining positions in slower-growing ones, leveraging competitive intelligence, benchmarking, and strategic support.
The report encompasses: • Connectors Market size • Connectors Market trends • Connectors Market industry analysis Market trends, such as increased adoption of automotive electronics, are anticipated to be primary drivers of market growth. However, concerns related to the reliability and durability of connectors may pose challenges to market expansion.
Connectors Market 2024 – 2028: Market Dynamics Key trends influencing the market: • Market growth aligns with technological advancements in connectors, particularly in response to increased transmission speeds in the telecom sector. • Industry players’ vigilance regarding emerging technologies and influential market factors propels market evolution. • Rapid progress in semiconductor technology within connector manufacturing facilitates high-speed data communication in devices. • Future endeavors focus on developing single Tb/s channels, necessitating substantial R&D investment in the global connectors market, potentially boosting market growth.
Connectors Market 2024-2028: Key Highlights • CAGR of the market during the forecast period 2024-2028 • Detailed information on factors supporting connectors market growth in the next five years • Estimation of the connectors market size and its contribution to the parent market • Predictions on upcoming trends and changes in consumer behavior • Analysis of the market’s competitive landscape and detailed information on vendors • Comprehensive details of factors challenging the growth of connectors market vendors
Hazardous Location Connectors Market: The hazardous location connectors market share is expected to increase by USD 2.33 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.18%.
Filtered Connectors Market: The filtered connectors market is estimated to grow at a CAGR of 6.69% between 2022 and 2027. The size of the market is forecast to increase by USD 2,567.24 million.
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by End-User
- Market Segmentation by Type
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
About Technavio Research
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Original Press Release.