Connector Market Size To Reach USD 114.7 Billion By 2030, Growing At A CAGR of 6.6%

May 26, 2023

News provided by

07 Nov, 2022, 18:30 IST

Share this article

BANGALORE, India, Nov. 7, 2022 /PRNewswire/ -- The global connector market is segmented By Product Type - PCB Connectors, I/O Connectors, Circular Connectors, Fiber Optic Connectors, RF Coaxial Connectors, Others, By End User - Consumer Electronics, Telecom, Automotive, Energy & Power, Aerospace & Defense, Others. Global Opportunity Analysis and Industry Forecast, 2021 - 2030. It is published in Valuates Reports under the Electronic Components Category.

The global connector market was valued at USD 62.3 billion in 2020 and is projected to reach USD 114.7 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030.

Major Factors Driving The Growth Of the Connector Market are

High growth rates in the automotive sector due to the growing use of electric automobiles and other smart technologies, as well as an increase in investment in military and submarine cables by various companies, are the main drivers that influence the connector market's growth.

In addition, leading manufacturers should benefit from the rise in demand from the telecom and automotive sectors brought on by the development of 5G and IoT technology and be able to expand their connector market. Share.

Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/ALLI-Manu-1C37/connector

TRENDS INFLUENCING THE GROWTH OF CONNECTOR MARKET

Automotive connectors are crucial in providing reliable electricity to numerous components. Additionally, these connectors are made to endure extremes in temperature, dirt, wear, and dirt. Additionally, the market for automotive connectors is expanding due to the rising number of vehicles and electrification in some vehicle segments. The market for automotive connectors will grow during the projected period as a result of rising demand for electric vehicles, enhanced features, and security features in the automotive industry.

During the forecast period, rising demand for automotive electronics is anticipated to boost the global PCB connectors market. Automotive connectors are necessary for the effective operation of electronic components used in vehicles. Because of the rising need for cutting-edge technologies like high-end audio systems, cutting-edge driver assistance systems, onboard diagnostic systems, infotainment systems, and electronic transmission, the use of automotive electronics has expanded.

Increases in processing, data storage, and networking capabilities are being driven by the demand for bandwidth-intensive, data-driven services. Connectors are under pressure from these increases to transmit data at faster rates with improved signal quality and less heat. Due to their capacity to maximize power efficiency, lower the cost of data center servers per rack, and lower the cost per server, especially in open-standard applications where everyone can easily understand the value of these components, connectors play an especially significant role in data center hardware designs. This factor is expected to further drive the connector market

Numerous applications, including communications, data centers, inter- and intra-building applications, security systems, community antenna televisions, and high-density interconnections, require fiber optic connectors. The market is being driven by end customers' steadily rising need for high bandwidth. The demand for high-speed data services, such as online gaming, CATV, and audio and video services, is accelerating the expansion of the fiber optic connector market. Fiber optic connector systems are becoming more widely used in fields with high data security requirements, such as the aerospace and defense industries. even in severe conditions, can transform data effectively.

Get Your Sample Today: https://reports.valuates.com/request/sample/ALLI-Manu-1C37/Connector_Market

CONNECTOR MARKET SHARE ANALYSIS

During the connector market forecast period, the Asia-Pacific region is anticipated to grow at the fastest rate because of the rise in smartphone demand, the surge in automotive production, industrial automation, and expansion in consumer electronics.

Throughout the projected period, the PCB Connectors segment will continue to hold the lead. The expansion of the computer, communication, and consumer electronics industries, the trend toward smaller electronic devices, and the rising proportion of electronics in vehicles serve as the main drivers for this market.

Inquire For Customization : https://reports.valuates.com/request/customisation/ALLI-Manu-1C37/Connector_Market

Market By Region

Inquire For Regional Report : https://reports.valuates.com/request/regional/ALLI-Manu-1C37/Connector_Market

Key players

Inquire For Chapters : https://reports.valuates.com/request/chaptercost/ALLI-Manu-1C37/Connector_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-1C37&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

Click Here To See Related Reports on Connectors Market

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports[email protected] For U.S. Toll-Free Call 1-(315)-215-3225For IST Call +91-8040957137WhatsApp: +91-9945648335Website: https://reports.valuates.comTwitter - https://twitter.com/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

SOURCE Valuates Reports