Connector Market revenue to hit $75 billion by 2026, Says Global Market Insights, Inc.

Connector industry is poised to register more than 7% CAGR between 2020 and 2026, propelled by ongoing digitalization across industrial processes along with rising demand for consumer electronic products.

Selbyville, Delaware, Nov. 09, 2020 (GLOBE NEWSWIRE) --

Global Connector Market value is projected to cross USD 75 Billion by 2026, as reported in the latest study by Global Market Insights, Inc. Growing digitalization supported by the rising penetration of smart devices will drive the global industry size.

Fiber optic connectors industry is set to witness significant growth on account of shifting consumer preference towards high bandwidth communication coupled with emerging opportunities in the healthcare sector. These connectors minimize the electromagnetic interference along with maximizing the speed of data transmission which will stimulate the industry growth over the forecast timeframe. The rising FDI across developing nations for the development of telecommunication infrastructure will further propel the business landscape.  

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Few major findings of the global connector market report include:

  • The flourishing automotive and telecommunication sectors will considerably boost the product adoption for electrical & electronic devices.
  • Various initiatives like industry 4.0 coupled with the paradigm shift toward industrial automation will propel the installation of connectors.
  • Increasing demand for network bandwidth coupled with a spur in fiber optics deployment will further stimulate the demand for connectors.
  • Favourable telecom policies implemented by regulators coupled with growing internet users will proliferate the business trends.
  • Increasing demand for luxury vehicles in European and Asia Pacific countries owing to the improvement in the standard of living coupled with the rise in disposable income will further augment the product penetration.
  • Leading players operating across global connector market includes, TE Connectivity, Aptiv PLC, Molex, Inc., Foxconn Technology Group, Amphenol Corporation, YAZAKI Corporation amongst other.

Browse key industry insights spread across 235 pages with 327 market data tables & 28 figures & charts from the report, “Connector Market By Products (PCB Connectors, IO Connectors, Circular Connectors, Fiber Optic Connectors, RF Coaxial Connectors, Others), End Use (Telecom, Transportation, Automotive, Industrial, Computer & Peripherals, Others), Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:

Significant data transmission capabilities with high reliability are some of the paramount features for connectors in modern computers and peripheral devices which will proliferate the product demand. Transmission rates of up to 40 Gbit/s are currently being developed for cable based electrical connectors due to rise in computer users across the globe, which in turn will influence the market statistics. Growing consumer base along with inclining users of peripheral devices is driving the demand for high-speed data services, thereby enhancing the connectors demand.

Middle East & Africa connector market demand is anticipated to register over 5% CAGR through 2026. Intensifying investments in the telecommunication sector across the region will stimulate the business outlook over the forecast timeline. Huge investments toward infrastructure development from financial institutions including the World bank, African Development bank and IMF will further create a favourable business scenario for the connector industry. In addition, rising vehicle components manufacturing coupled with growing investments in fiber optics network will enhance the market outlook for connectors across the region.

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HVDC Cables Market By Application (Intra-regional {Interstate, Intrastate}, Cross border, Others), Voltage (High {35 kV to 110 kV, > 110 kV to 275 kV, > 275 kV to 475 kV}, Extra High, Ultra High), Installation (Overhead, Submarine {Offshore Wind Power Generation, Inter Country & Island Connector, Offshore Oil & Gas}, Underground), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.


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