Global Press Fit Connector Market: Overview
Products in the global press fit connector market are most commonly used as a substitute to soldering methods. These products offer several unique advantages over traditional soldering methods such as cold solder joints, shorts, and elimination of thermal stress on the PCBs. Furthermore, products in the global press fit connector market can be easily maintained and repaired. The products in the global press fit connector market are also more cost effective as well as environmentally friendly. Products in the global press fit connector market find applications in various areas, such as transportation, mechanics, and data and communications.
The professional intelligence report provides a comprehensive overview of various inter-linked factors that may create restrains as well as opportunities for the expansion of the global press fit connector market over 2020 to 2030 i.e. the forecast period. It offers information regarding the influence of various major and leading trends as well as recent market developments to gather information about the demand dynamics in the global press fit connector market during the forecast years. It also throws light on the key segments in the global press fit connector market and evaluates to gather information about their performance during the forecast years i.e. 2020 to 2030.
Global Press Fit Connector Market: Major Trends and Drivers
Products in the global press fit connector market receive high demand owing to their superior characteristics such as high dependability, superior functionality, and enhanced efficiency. Rising usage of the press fit connectors in the automotive industry is one of the most important driving factors for the development of the global press fit connector market in coming years. Products in the global press fit connector market offer enhanced ability to withstand extreme temperatures, harsh external environment, and resistance to vibrations and shocks. This makes them ideal for utilization in the automotive industry.
Furthermore, increasing applications in aerospace and defense, electronics, and telecommunications is also augmenting the growth in the global press fit connector market over the forecast period. Moreover, increasing demand for intelligent electronics bus systems as well as unique advantages of press fit connectors are expected to foster the development trajectory of the global press fit connector market in the next few years.
Global Press Fit Connector Market: Key Players and Notable Developments
The research report on the semiconductors and electronics industry thoroughly examines the corporate profiles of the players operating within the global press fit connector market. It evaluates their economic conditions, sales, revenue, and profit margins during the forecast period. Some of the most prominent players and manufacturers functional within the global press fit connector market include Amphenol, ERNI International, Harting, J.S.T. Manufacturing Company, Samtec Inc., TE Connectivity Inc., Fujitsu, Radiall, Japan Aviation Electronics Industry Limited, Interplex, and Wurth Elektronik, among others. Players and manufacturers in the global press fit connector market are engaged in technological developments in order to expand their product portfolio and provide enhanced and innovative products to their consumers.
For example, ERNI announced the expansion of their micro speed product family segment to include variants that feature additional pin counts i.e. 26, 44, and 32 in March of 2021. The company is also included unshielded connectors to their power supply group. This extended range by the ERNI International is anticipated to effectively expand their product offerings to suit the requirement of various consumer classes. Furthermore, Fujitsu Components America expanded their DDR4 DIMM connector range with addition of a unique press fit compliant pin socket in December of 2019. This extension can offer original equipment manufacturers with additional choice of vertical SMT through press fit mounting options for greater flexibility in design.
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