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

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

Status : January, 2023 | Semiconductor & Electronics

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?