Trends and Forecast for the Global Connector MarketTrends, opportunities and forecast in connector market to 2027 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 and peripherals, industrial, telecom/datacom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)Lucintel's latest market report analyzed that connector provides attractive opportunities in the transportation, telecom/datacom, computer and peripheral, industrial, and consumer electronics industries. The connector market is expected to reach $82.5 billion by 2027 with a CAGR of 4.2%. In this market, PCB (Printed circuit board) connector is the largest segment by product type, whereas transportation is largest by end use industry. The increasing demand for high speed connectors, shift towards compact and thinner connectors, and development of high power connectors provides strategic growth path in this market.
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Based on product type, 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. The PCB (Printed Circuit Board) connectors segment is accounted for the largest share of the market in 2021 due to growth in computer, consumer electronics, and communication industries and fiber optic connector is expected to register the highest CAGR during the forecast period due to its easy installation, fast connection, low signal loss, and high performance, which are highly required in optical communications.
Browse in-depth TOC on “Connector Market”
73 – Tables
95 – Figures
195 – Pages
The connector market is marked by the presence of several big and small players. Some of the prominent players offering Connector include TE Connectivity Ltd., Amphenol Corporation, Molex Incorporated, Hon Hai Precision, and Aptiv plc.
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