Opportunities for connector Industry to reach $64.8 billion by 2021


   Febuary 14 2017
According to a new market report published by Lucintel, the future of the connector industry looks promising with opportunities in the transportation, telecom/datacom, computer and peripherals, and industrial segments. The global connector industry is expected to reach an estimated $64.8 billion by 2021 and is forecast to grow at a CAGR of 5.1% from 2016 to 2021. The major drivers of growth for this market are the increasing demand of connectors from 3C applications (computers, communications, and consumer electronics) and increasing demand for advanced features, convenience, and connectivity products.

Connectors are used in the variety of end-use industry, such as transportation, consumer electronics, computer and peripherals, industrial and telecommunication industry. On the basis of its comprehensive research, Lucintel predicts that the demand for transportation connector is likely to experience the highest growth in the forecast period supported by increasing electronic content in vehicles and growing automotive production.

Within the connector industry, the PCB connectors segment will remain as the largest segment. Growing automation in various sectors, such as transportation, industrials, and military is expected to spur growth for this segment over the forecast period.

The emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for high speed connectors and increasing demand for compact and thinner connectors. TE Connectivity Ltd., Amphenol Corporation, Molex Incorporated, Hon Hai Precision, and Delphi connection are among the major suppliers of connectors.

 

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global connector industry by end use segment, connector type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Connector Industry 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in the global connector industry by end use segment, connector type, and region as follows:

By end use segment [$ Billion shipment analysis from 2010 to 2021]:

·         Transportation

·         Consumer Electronics

·         Computer and Peripherals

·         Industrial

·         Telecom/Datacom

·         Others

By connector type [$ Billion shipment analysis from 2010 to 2021]:

·         PCB

·         Rectangular I/O

·         Application Specific

·         Circular

·         IC Sockets

·         RF Coax

·         Fiber Optic

·         Others

By region [$ Billion shipment from 2010 to 2021]:

·         North America

·         Europe

·         Asia Pacific

·         The Rest of the World

This 148-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/opportunities_for_global_connector_market_20162021.aspx or   helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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