LONDON, July 27, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the connector industry looks good with opportunities in the transportation, telecom/datacom, computer and peripherals, and industrial segments. 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.
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.
For business expansion, the report suggests innovation and new product development, to enhance the connectors speed. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.
The emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for high speed connectors and increasing demand for compact and thinner connectors. 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.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global connector industry by end use segment, connector type, and region and has come up with a comprehensive research report, "Growth Opportunities in the Global Connector Industry 2016-2021: Trends, Forecast, and Opportunity Analysis."
The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. 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]:
Transportation Consumer Electronics Computer and Peripherals Industrial Telecom/Datacom Others
By connector type [$ Billion shipment analysis from 2010 to 2021]:
PCB Rectangular I/O Application Specific Circular IC Sockets RF Coax Fiber Optic Others
By region [$ Billion shipment from 2010 to 2021]:
North America Europe Asia Pacific Rest of the World
This report answers following 11 key questions:
Q.1: What are some of the potential, high-growth opportunities for global connector industry by applications, by connector types, and regions?
Q.2: Which segments will grow at a faster pace and why?
Q.3: Which regions will grow at a faster pace and why?
Q.4: What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5: What are the business risks and threats to the market?
Q.6: What are emerging trends in this market and reasons behind them?
Q.7: What are some changing demands of customers in the market?
Q.8: What are the new developments in the market? Which companies are leading these developments?
Q.9: Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10: What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution
Q.11: What are M & A activities in the last 5 years in this market? What reasons can be attributed to these activities and how have they impacted the industry?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities in the Global Connector Industry 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Global connector industry size estimation in value ($B). Trend and forecast analysis: Global connector industry trend (2010-2015) and forecast (2016-2021) by region and segment. Segmentation analysis: Global connector industry size by various end use segments such as automotive and transportation, consumer electronics, computer and peripherals, industrial, telecom/ datacom , and by connector types such as PCB, rectangular I/O, application specific, circular, IC sockets, RF coax, Fiber Optic, and others; both in terms of value and volume. Regional analysis: Global connector industry breakdown by key regions such as North America, Europe, Asia Pacific and Rest of World. Growth opportunities: Analysis on growth opportunities in different segment and regions. Strategic analysis: This includes M&A, new product development, and expansion strategies of manufacturers in the global connector industry. Emerging applications: Emerging applications of the global connector industry in various markets. Analysis of competitive intensity of the industry based on Porter's Five Forces model
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