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The future of the connector market looks promising with opportunities in the transportation, telecom/datacom, computer and peripheral, industrial, and consumer electronics industries. The connector market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $77.5 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major growth drivers for this market are growth in communication and consumer electronics industries, miniaturization of electronic devices, and increasing electronic content in vehicles.
Emerging trends, which have a direct impact on the dynamics of the connector industry, include increasing demand for high speed connectors, shift towards compact and thinner connectors, and development of high power connectors.
A total of 157 figures / charts and 132 tables are provided in this 190-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of the connector market report, please download the report brochure.
In this market, telecommunications and devices is the largest end use industry, whereas PCB connector is the largest market by product type. Growth in various segments of the connector market are given below:
Connector Market by Segments