The report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global connector market has also been forecasted for the years 2017-2021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. TE Connectivity, Amphenol, Koch Industries (Molex) and Delphi are some of the key players highlighted in this report.
Research By Markets adds "Global Connector Market: Size, Tr…asts (2017-2021) " in its online repository. The report provides analysis of the global connector market, with detailed analysis of market size and growth, and segmentation of the industry.
The analysis includes the market by value, by end market, by region and by segmentation. The report also provides the analysis of the global connector market of the following regions: North America, Europe, China, Japan and Asia Pacific.
Connectors are simple, small sized electro-mechanical devices and equipments which are generally used to connect two or more than two circuits together. There are number of types of connectors used for different purposes like terminal block, posts, plug and socket connection, blade connector.
Connector is required in various fields, majorly, Medical, Computer and Peripherals, Instrumentation, Business/Office Equipments, Industrial, Automotive, Transportation, Consumer, Telecom/Datacom and Military/Aerospace.
The Global Connector Market is expected to increase at high growth rates during the forecasted period (2017-2021). The global connector market is supported by various growth drivers, such as increasing electronic content in devices, growing automotive production, development of high density micro miniature technologies.
Yet, the market faces certain challenges, such as, rising labor cost in low cost manufacturing countries, increasing pressure from OEMs to reduce component cost. Few new market trends are also provided such as, increasing demand for compact and thinner connectors, growth in renewable energy sector, induction of high end optical fiber into automobile sector,.
Koch Industries (Molex)
- Growing 3C Applications (Computing, Communication, and Consumer Electronics)
- Increasing Electronic Content in Devices
- Growing Automotive Production
- Development of High Density Micro Miniature Technologies
- Rising Labor Cost in Low Cost Manufacturing Countries
- Increasing Pressure from OEM's to Reduce Component Cost
- Internet of Things
- Increasing Demand for Compact and Thinner Connectors
- Induction of High End Optical Fiber into Automobile Sector
- 5G on the Horizon
- Backhaul Infrastructure Expansion
- Growth in Renewable Energy Sector
- Exponential Growth in Data Transmission and Storage
- Continuation of Low Energy Prices
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