About Electrical Connector
An Electrical Connector is a machine or an electro-mechanical device which is commonly used to join two electrical terminations and hence create an electrical circuit. These connectors majorly consist of two things plugs and jacks. These connection made by the connectors may be temporary or can serve as a permanent joint between two cables, wires or devices. These electrical connectors are majorly used in many sectors such as automotive, electrical sector among others. Rising demand from end users is driving the market for electrical connectors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market for electrical connectors is highly fragmented because the player can easily enter into the market due to rising demand from end users and low capital required. Some of the key players include Amphenol Corporation, Molex Inc. (Acquired by Koch Industries), Fujitsu Limited, TE Connectivity Limited, 3M Company, Huawei Technologies Co. Ltd, among others, are focusing on acquisition and product launch in order to keep up with markets. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Electrical Connector market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Company (United States), Amphenol Corp. (United States), Aptiv PLC (United Kingdom), AVX Corp. (United States), Carlisle Interconnect Technologies (United States), China Aviation Optical-Electrical Technology Co, Ltd. (JONHON) (China), CommScope (United States), DDK Ltd. (Japan), Esterline Technologies Corporation (United States) and Souriau SAS (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Glenair, Inc. (United States), HARTING Technology Group (Germany), Hirose Electric Co., Ltd. (Japan), Hon Hai Precision Industry Co., Ltd (Taiwan), ITT Interconnect Solutions (United States), Japan Aviation Electronics Industry, Limited (Japan) and JST Mfg. Co., Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Electrical Connector market by Type (PCB, I/O Rectangular, IC Sockets, RF Coax and Others), Application (Automotive, IT, Telecom, Industrial and Others) and Region.
On the basis of geography, the market of Electrical Connector has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation Type, the sub-segment i.e. Internal Cables and Connectors will boost the Electrical Connector market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connection Type, the sub-segment i.e. Wire to Wire will boost the Electrical Connector market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Adoption of Automotive Electronics and Increased Sourcing from APAC
Market Growth Drivers:
Increasing Electronics Devices World Widely, The Decrease in Cost of Raw Materials of Electrical Connectors and Increasing Use of Active Cables as Connectors
Challenges:
Issue Related to the Reliability and Durability of Connectors and Lack of Technical Knowledge Regarding Selecting the Right Connector
Restraints:
Lack of Coordination of Standards of Connectors and High Complexity Related to Electronic Connectors
Opportunities:
Growing Industrial Development in Emerging Economics
Market Leaders and their expansionary development strategies
In January 2022, Trexon, a portfolio company of Audax Private Equity, has completed the acquired of Power Connector Inc. (“PCI”), a leading supplier of Tactical Communications interconnect for military applications. Designed into hand-held and mounted radio systems, PCI’s power connectors, audio connectors and other interconnect components complement Trexon’s existing specialty connectivity offerings for mission critical applications. With this acquisition, Trexon continues to build a market leader of specialty connectivity solutions for mission-critical applications
In December 2023, Hirose Electric Co., Ltd. will release the “MT” Series of lever-lock interface connectors that improve the wiring workability of motors through our entire channel. The MT series allows efficient wiring by simply pulling down the lever lock, and contributes to space saving in the connection area by combining power signals.
Key Target Audience
Supplier, Manufacture, Goverment Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.