Global Connector Industry to Post 5.1% CAGR through 2021, Says Lucintel in Its Cutting-Edge Report Now Available at MarketPublishers.com15 Sep 2016 • by Natalie Aster
LONDON – The connector industry has a positive future outlook with the most lucrative prospects in the telecom, transportation, industrial, datacom and computer & peripherals sectors. From 2016 up to 2021, the world’s connector industry is predicted to see a 5.1% CAGR in terms of value. Key market growth drivers include rising demand for connectors from various 3C applications (like communications, computers and consumer electronics) and enhancing demand for convenience, advanced features and connectivity products.
In the next five years, the highest demand is predicted to be registered for transportation connectors. It will likely be spurred by expanding automotive production and rising electronic content in vehicles.
The PCB connectors sector is expected to remain the biggest sector within the global connector market. Growth in this sector is anticipated to be driven by increasing automation across different sectors, including industrials, transportation, military, among others.
APAC will likely continue holding the largest share of the global connector market owing to growing production of electronic devices and components in the region.
The emerging trends, influencing the dynamics of the industry, comprise escalating demand for high-speed and compact (thinner) connectors. Amphenol Corporation, TE Connectivity, Molex Incorporated, Delphi connection and Hon Hai Precision are amid the top suppliers of connectors in the world marketplace.
New Lucintel’s research report “Growth Opportunities in the Global Connector Industry 2016-2021: Trends, Forecast, and Opportunity Analysis” offers an all-round analysis of the worldwide connector market, uncovers data on the market shares and size, explores prevailing and emerging trends, reviews the key growth influencing factors, pinpoints top challenges and opportunities. It examines the current state across the key geographical markets, offers historical insights and outlines future growth prospects through 2021. Moreover, the report contains a review of the competitive pressures and gives info on top players.
Many other reports worked out by this publisher are presented in the Lucinte’s catalogue.