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 : May, 2021 | 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

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?