Lucintel Forecasts Connector Market to Reach $77.5 Billion by 2025

According to the recent study the Connector Market is projected to reach an estimated $77.5 billion by 2025 from $61.7 billion in 2019, at a CAGR of 3.8% from 2020 to 2025. Growth in this market is primarily driven by growth in communication and consumer electronics industries, miniaturization of electronic devices, and increasing electronic content in vehicles.

Browse 157 figures / charts and 132 tables in this 190 -page report to understand trends, opportunities and forecast in connector market by product type (PCB (Printed Circuit Board) connectors, fiber optic connectors, rectangular I/O, RF (Radio Frequency) coax, application specific connectors, circular connectors, IC (Integrated circuit) sockets, and others), end use industry (transportation, consumer electronics, computer & peripherals, industrial, telecom/datacom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“PCB (printed circuit board) connectors market is expected to remain the largest segment during the forecast period.”

Based on applications, the connector market is segmented into PCB (Printed Circuit Board) connectors, fiber optic connectors, rectangular I/O, RF (Radio Frequency) coax, application specific connectors, circular connectors, IC (Integrated circuit) sockets, and others. Lucintel forecasts that the PCB (Printed Circuit Board) connectors market is expected to remain the largest segment due to growth in computer, consumer electronics, and communication industries. The fiber optic connector segment is expected to witness the highest growth rate due to its easy installation, fast connection, low signal loss, and high performance, which are highly required in optical communications.

“Within the connector market, the end use industry segment is expected to remain the largest end use industry”

Based on end use industry, the transportation segment remain the largest end use industry and is expected to witness the highest growth over the forecast period due to increasing electronic content in automotive vehicles due to the proliferation of infotainment, telematics, and safety systems.

 “Asia pacific will dominate the connector market in near future”

Asia Pacific is expected to be the largest region with the highest growth over the forecast period due to growth in automotive production, industrial automation, increasing demand for smartphones, and growth in consumer electronics.

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Major players of connector market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. TE Connectivity Ltd., Amphenol Corporation, Molex Incorporated, Hon Hai Precision, and Delphi Connection are among the major connector providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/connector-market.aspx or helpdesk@lucintel.com