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 : October, 2019 | 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 reliable qualitative and quantitative insights into:

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

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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