The latest trend gaining momentum in the market is Increased adoption of automotive electronics.
The analysts forecast global connectors market to grow at a CAGR of 4.50% during the period 2017-2021.
The increase in the use of connectors in various automotive electronic devices such as navigation, steering, brake, and cruise control is expected to be a new trend in the connectors market. Automotive connectors form a major element in all these electronic devices used in automobiles.
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Major key players in the global connectors market: Amphenol, Foxconn Interconnect Technology, Molex, TE Connectivity, YAZAKI, 3M, ABB, Belden, Aptiv, HARTING Technology Group, HIROSE ELECTRIC, Japan Aviation Electronics Industry, JST, LOTES, METZ CONNECT GmbH, PHOENIX CONTACT, Rosenberger, Sumitomo Wiring Systems, and Weidmüller Interface GmbH & Co.
According to the connectors market report, one of the major drivers for this market is Miniaturization of electronic devices. Technological advances have influenced the growth of the electronic devices market to a large extent, and the increasing demand for these electronic devices had encouraged manufacturers to invest huge amounts in R&D.
With technological advances, the size of electronic devices has reduced considerably over the years. Customers are now demanding highly reliable and compact electronic devices.
The miniaturization of electronic devices is mainly due to the need to reduce raw material costs as well as the increasing need for smaller assemblies in certain applications.
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Further, the connectors market report states that one of the major factors hindering the growth of this market is Reliability and durability issues. Reliability and durability are two key issues that hinder the growth of the global connectors market.
Connectors are vulnerable to damage and other issues due to various field conditions such as voltage fluctuations, temperature excursions, or mechanical forces. In addition, there are failures such as broken latches, separation of mating joints without any external causes, or overheating of joints due to misalignments, which occur due to poor design.
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Few Points from List of Exhibits:
Exhibit 1: Global Connectors Market by Product
Exhibit 2: Global Connectors Market by Application
Exhibit 3: Global Connectors Market Segmented by Geography
Exhibit 4: Related Market
Exhibit 5: Global Connectors Market
Exhibit 6: Market Characteristics
Exhibit 7: Market Segments
Exhibit 8: Market Definition - Inclusions and Exclusions Checklist
Exhibit 9: Global Market Size and Forecast 2016-2021 ($ Billions)
Exhibit 10: Global Year-Over-Year Growth 2016-2021 (%)
Exhibit 11: Five Forces Analysis
Exhibit 12: Application Market Share 2016-2021 (%)
Exhibit 13: Comparison by Application
Exhibit 14: Automotive Market Size and Forecast 2016-2021 ($ Billions)
Exhibit 15: Automotive Year-Over-Year Growth 2017-2021 (%)
Exhibit 16: It Market Size and Forecast 2016-2021 ($ Billions)
Exhibit 17: It Year-Over-Year Growth 2016-2021 (%)
Exhibit 18: Telecom/Datacom Market Size and Forecast 2016-2021 ($ Billions)
Exhibit 19: Telecom/Datacom Year-Over-Year Growth 2016-2021 (%)
Exhibit 20: Industrial Market Size and Forecast 2016-2021 ($ Billions)