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The global Connectors market reached a value of about USD 68.3 billion in 2021. The industry is projected to grow at a CAGR of around 9% in the forecast period of 2022-2027 to reach a value of about USD 114.6 billion by 2027.
The global Connectors industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rising use of the product in the industrial sector is propelling the industry growth. The Asia Pacific is the highest category spender by region, driving the demand for the Connectors industry.
A connector is an electromechanical instrument that connects two wires, cables, or hoses. It completes an electrical circuit enabling electricity or fluid to flow while allowing for simple separation and reconnection. The Connectors industry report comprises segments by end-use (Telecom/Datacom, Automotive, Computer & Peripherals, Industrial, Transportation (Non-Auto), Aerospace and Consumer) and region (North America, Europe, Asia Pacific, the Middle East and Africa, and South America).
The Asia Pacific holds the largest share in the industry as China is home to many connector producers. The region's high growth is likely to be countered by Japan's connector market shrinkage. Additionally, the expansion of industrial, commercial, and consumer electronics industries in the Asia Pacific boosts demand. Also, growth in automobile manufacturing, tablet and smartphone demand, industrial automation, and home appliance demand are all on the rise, opening huge prospects for connectors in China, Japan, India, and other nations.
Due to automation technologies, the industry is being driven by the increasing use of connectors in many industries, including industrial, defence, and automotive. Furthermore, the growing application in telecommunications, industrial, and military industries further propels the sector. Consumer electronics gadgets, such as white goods and brown goods, are becoming increasingly popular, which will drive market expansion. Other factors like increased urbanisation, rising demand for consumer electronic devices, and growing disposable incomes are likely to impact the market positively.
However, like copper, raw material price instability is a severe constraint for the worldwide connection sector.
The global Connectors industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Connectors regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
Conductors and insulators are the two primary materials used in electrical connections. Insulators must have high electrical resistance, tolerate high temperatures, and be simple to produce to ensure a perfect fit. Copper alloys are commonly used as connection electrodes because of their strong conductivity and malleability. Another inert metal, such as gold, nickel, or tin, is frequently deposited on the base electrode metal.
An increase in the advancements in the telecom and automotive sectors due to the forthcoming 5G and IoT technologies is aiding the market demand. In addition, with the increasing technological content in automobiles, such as entertainment and safety systems paired with the installation of airbags and GPS navigation, the market is likely to witness expansion. Additionally, the Growing 3C applications (computers, communications, and consumer electronics), downsizing of electronic devices, and demand for goods with improved features, ease, and connection lead to the market's development. Also, the increasing demand for high-speed connections, a shift toward smaller and thinner connectors, and the development of high-power connectors are all emerging developments that are likely to create new market opportunities.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
These prominent companies have used various techniques to boost market penetration and improve their footing in the sector, including product portfolio growth, mergers and acquisitions, agreements, regional expansion, and partnerships. To increase their market share in the industry, significant companies produce new goods with sophisticated characteristics. Furthermore, top industry players are focused on forwarding and backward integration by developing direct distribution channels and long-term supply contracts to lower product prices and increase market share.
1. Executive Summary
2. Connectors Market Snapshot
2.1. Connectors Market Outlook
2.2. Connectors Industry Analysis by End-Use
2.2.1. Telecom/Datacom
2.2.2. Automotive
2.2.3. Computer & Peripherals
2.2.4. Industrial
2.2.5. Transportation (Non Auto)
2.2.6. Aerospace
2.2.7. Consumer
2.3. Regional Overview
2.3.1. North America
2.3.2. Europe
2.3.3. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East & Africa
3. Key Trends in Application
4. Impact of Recent Events
5. Connectors Value Chain Analysis
6. Connectors Production Process
7. Trade Analysis
8. Major Risk Factors in Sourcing
9. Connectors Cost Structure
10. Connectors Cost Saving Opportunities
11. Connectors Price Analysis
12. Key Demand Indicator Analysis
13. Key Price Indicator Analysis
14. Connectors Market Dynamics
14.1. Drivers & Constraints
14.2. Industry Events
14.3. Swot Analysis
14.4. Porter’s Five Forces
14.4.1. Buyer Power
14.4.2. Supplier Power
14.4.3. Threat of New Entrants
14.4.4. Threat of Substitutes
14.4.5. Industry Rivalry
15. Industry Best Practices
15.1. Sourcing Strategy
15.2. Procurement Model
15.3. Contract Structure
15.4. Negotiation Levers
15.5. Pricing Model
15.6. Key Factors Influencing the Quotation
16. Key Supplier Analysis
16.1. TE Connectivity Corporation
16.2. Amphenol Corporation
16.3. Molex LLC
16.4. Aptiv PLC
16.5. Yazaki Corporation
The global Connectors market size was valued at USD yy billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of xx%.
The significant demand for the product in various end-user industries is one of the essential drivers of the Connectors market growth.
TE Connectivity Corporation, Amphenol Corporation, Molex LLC, Aptiv PLC, and Yazaki Corporation are some of the major players in the market.
The Asia Pacific region of the Connectors industry holds a significant share in the market.
The global Connectors market attained a value of USD 68.3 billion in 2021, driven by the increasing use of connectors in many industries, including industrial, defence, and automotive, due to automation technologies. Other factors like increased urbanisation, rising demand for consumer electronic devices, and increasing disposable incomes are likely to impact the market positively. Aided by an increase in demand from the telecom and automotive sectors due to the forthcoming 5G and IoT technologies, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 9%. The market is projected to reach USD 114.6 billion by 2027. Some of the leading players in the industry are TE Connectivity Corporation, Amphenol Corporation, Molex LLC, Aptiv PLC, and Yazaki Corporation.
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