Industrial Connector Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Industrial Connector Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Semiconductor & Electronics | PPT format

Report Digest

Industrial connectors’ demand continue to proliferate on the back of extensive adoption of high performing, fail-safe, and reliable electronics in an array of industries. The indispensable features of industrial connectors in electronics such as joining industrial electrical end points to form a full electric circuit, voltage surge protection, and electromagnetic interference filtration, are creating wide applications for industrial connector. 

Rapid technological advancement is encouraging demand for reliable electronic devices and components, such as industrial connector. Cutting-edge industrial connectors are paving way for novel designs that can meet the industrial automation needs, such as accrescent productivity, embedded computing, energy efficiency, power distribution, and always-on communication demand. As a result, technically driven industrial connectors are witnessing adoption for a wide range of pivotal industrial applications, such as broadband communications, alternative energy, heavy equipment, instrumentation, factory automation, motion control, mass transportation, and natural resource exploration. Leading industrial connector manufacturers are vying to offer regular innovation in their offerings to move ahead of the counterparts, and sustain their position in the industrial connector market. 

Industrial Connector Market- Notable Highlights

Molex released a micro-lock cum wire-to-board industrial connector system in December 2018. This industrial connector system is tailored for industrial, automotive, and consumer applications to deliver reliable electrical and mechanical performance in a compact, high-temperature set-up.

  • Hirose Electric has introduced extremely-low profile, incombustible, and right angle FPC/FFC FH65 line of connectors for diverse applications. Hirose Electric has also opened a new sales office in Italy to expand into the Italian market and reinforce its position in the European Market. 

Some of the most prominent competitors operating in the competitive landscape of global industrial connector market include –

  • Molex
  • Hirose Electric
  • TE Connectivity
  • Amphenol
  • JAE
  • Yazaki
  • Rosenberger
  • Delphi Connection Systems
  • JST
  • Sumitomo Wiring Systems

Industrial Connector Market- Market Dynamics 

  • Extensive Adoption in Construction Operations Creating Opportunities

The round-the-clock construction operations require electrical systems to support power and diagnostic data transmissions during all weather conditions. Any kind of error in an electrical system can be expensive to identify or diagnose, and down equipment can stop functioning. Designed to withstand the challenges of continuous, all-weather use, industrial connectors are witnessing huge adoption in construction sector. Further, industrial connectors are gaining traction in the renewable energy industry on the back of immense growth in the renewable energy sector in countries like Germany and the US. The adoption of industrial connector is further triggered by the steady economic growth of Europe post-recession. Industrial connectors continue to witness immense demand from the European machine tools industry, the sector being a key end user of industrial connectors. 

  • Miniaturized Industrial Connectors Continue to Witness Substantial Demand

With systems and industrial components becoming smaller than ever, while requiring high speed and greater efficiency simultaneously, industrial connector miniaturization has grown into a norm. For industrial connectors, high reliability and proper power maintenance in tandem with concise designs are critical to create a safe and durable equipment. To capitalize on this growing demand for compact machine tools, industrial connector manufacturers are increasingly inducing innovation in their offerings to deliver high-performing industrial tools, such as industrial connectors.  For instance, to keep pace with the constantly diminishing sizes of control machines and devices, Turck, a leading manufacturer in industrial automation sector, launched its first M8 industrial Ethernet connectivity solution, smallest available till date. 

  • Industrial Production & Demand for Connectivity and Convenience are Growing

Burgeoning demand for seamless connectivity, convenience, and cutting-edge product features are increasing electronic content in the end-use devices and machines. The accelerating industrial production in line with hefty advancements in industrial controls and production equipment, and demand for industrial connectors for unexpected harsh environment applications, and proliferating urbanization and industrialization are influencing industrial connector market positively. Leading players in industrial connector market are focusing on products that offer convenient and better connectivity in tandem with high speed, owing to preference for easy-to-use machines, which will drive the industrial connector market growth. 

Industrial Connector Market: Segmentation 

By Product Type:

  • Rectangular Connectors
  • Circular Connectors

 By End Use:

  • Industrial Automation & Process Control
  • Building & Civil Engineering
  • Machine Tools & Machinery
  • Energy Markets
  • Heavy Equipment
  • Other 

The industrial connector study presents reliable qualitative and quantitative insights into:

  • Industrial connector market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain in industrial connector market
  • Market valuation (revenue and/or volume)
  • Industrial connector market key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments in industrial connector market
  • Value chain and stakeholder analysis

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.