The global connector industry is forecast to grow at a CAGR of 5.1% by value from 2016 to 2021. The major drivers of growth for this market are the increasing demand of connectors from 3C application (Computers, communications, and consumer electronics) and increasing demand for advanced features, convenience, and connectivity products. The future of the connector industry looks good with opportunities in the transportation, telecom/datacom, computer and peripherals, and industrial segments.
Connectors are used in the variety of end-use industry, such as transportation, consumer electronics, computer and peripherals, industrial and telecommunication industry. On the basis of its comprehensive research, Lucintel predicts that the demand for transportation connector is likely to experience the highest growth in the forecast period supported by increasing electronic content in vehicles and growing automotive production.
Within the connector industry, the PCB connectors segment will remain as the largest segment. Growing automation in various sectors, such as transportation, industrials, and military is expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market due to the increasing production of electronic component and devices in this region. Asia Pacific and the Rest of the World are expected to witness significant growth over the forecast period because of growth in communication, computer/peripheral and consumer electronic product propelled by economic expansion, increasing per capita income, and urbanization.
TE Connectivity Ltd., Amphenol Corporation, Molex Incorporated, Hon Hai Precision, and Delphi connection are among the major suppliers of connectors. There are some companies that are opting for merger and acquisition as a strategic initiative for driving growth.
The study includes a forecast for the growth opportunities in the global connector industry by end use segment, connector type, and region as follows:
By end use segment [$ Billion shipment analysis from 2010 to 2021]:
- Consumer Electronics
- Computer and Peripherals
By connector type [$ Billion shipment analysis from 2010 to 2021]:
- Rectangular I/O
- Application Specific
- IC Sockets
- RF Coax
- Fiber Optic
Key Topics Covered:
1. Executive Summary
2. Connector Industry Background and Classifications
3. Industry Trend and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunity and Strategic Analysis
6. Company Profiles of Leading Players
- Amphenol Corporation
- Delphi connection
- Hon Hai Precision
- Molex Incorporated
- TE Connectivity Ltd.
For more information visit http://www.researchandmarkets.com/research/pvpwj7/growth
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---growth-opportunities-in-the-global-connector-industry-2016-2021-featuring-te-connectivity-amphenol-molex-hon-hai-precision-and-delphi-300309165.html
SOURCE Research and Markets