Reports - Industrial Connectors Market
Industrial Connectors Market by Connector Type (Circular, Rectangular, Coaxial, PCB and Others) by Termination Method (Crimping, Soldering, Others) by Application (Distributed Control Systems, Human Machine Interface, Manufacturing Execution System, Product Lifecycle Management, Progammable Logic Unit, Remote Terminal Unit and Others) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028
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USD 8.40 Billion
USD 19.2 Billion
7.80%
Asia Pacific
35.6%
North America
USD 2.99 Billion
The global
Industrial Connectors Market
USD 8.40 Billion in 2022
USD 19.2 Billion by 2030
7.80%
Premium Insights
The growth of the Industrial Connectors market is being fueled by the increasing industrial automation and the implementation of Industry 4.0 technologies. As industries strive to improve efficiency, productivity, and connectivity in their operations, the demand for advanced and reliable industrial connectors has increased. These connectors have a crucial role in facilitating seamless communication and data transfer between different components and devices in automated systems.
Economic Insights
The market for Industrial Connectors is influenced by technological advancements, globalization, and industry-specific demands, creating a dynamic economic landscape. As manufacturing processes move towards automation and Industry 4.0, there is a growing requirement for advanced and reliable connectivity solutions, leading to an increased demand for industrial connectors. The market encompasses a wide range of applications in sectors such as automotive, aerospace, energy, and telecommunications. As economies recover from global uncertainties, the industrial connectors market is expected to witness significant growth, driven by investments in infrastructure, technological upgrades, and the integration of IoT devices across various industries.
Top Market Trends
Market Segmentation
Industrial Connectors {{Segmentation_Ext}}
Based on Connector Type
PCB holds the largest share
PCB connectors are a crucial component in electronic devices as they connect PCBs and ensure their reliable operation. They are widely used in various industries such as factory automation, robotics, medical devices, aerospace, defense, industrial computers, telecommunications, and networking equipment. These connectors are designed to meet the specific requirements of different applications and come in different types including pin header connectors, board-to-board connectors, wire-to-board connectors, and USB connectors such as USB Type-A, USB Type-B, and USB Type-C.
Based on
Termination Method
Crimping
will dominate the market during Forecast Period
Crimping is expected to dominate the Industrial Connectors market as the preferred method for terminating wires. This process involves using a crimping tool to compress the connector metal around the wire, creating a secure and reliable connection that is resistant to vibration and corrosion. Crimping is widely favored for its efficiency, speed, and reliability, making it ideal for high-volume production environments and accessible to both skilled and unskilled workers. Significant advantages of crimping include its quick termination speed, dependable connections in rugged industrial environments, and ease of use.
Based on Vertical
Semiconductor & Electronics will account for largest market share
The Industrial Connectors market is expected to be dominated by the semiconductor and electronics vertical, which is projected to have the largest market share in the coming years. The widespread use of electronics in different industrial applications like factory automation, robotics, and medical devices. The increasing demand for high-speed and reliable connectors, especially in the semiconductor and electronics industry where substantial data transmission is crucial, further strengthens the leading position of this vertical. The trend towards smaller and lighter connectors, driven by the need for electronic device miniaturization, also contributes to the growth of the semiconductor and electronics vertical.
Based on Region
Asia Pacific will lead the market
The Industrial Connectors market in the Asia Pacific region is set to take the lead in the coming years due to various factors contributing to its dynamic growth. Key countries such as China, India, and South Korea play a crucial role in this growth with their rapid industrialization and urbanization. Additionally, the manufacturing sectors increasing adoption of automation and robotics boost the market. The surge in demand for electronic devices also strengthens the regions dominance. Moreover, the presence of major industrial connector manufacturers in the region contributes to its anticipated faster growth compared to other regions.
Competitive Landscape
The Industrial Connectors market is highly competitive, with key players competing for both market share and technological dominance. Major manufacturers, who often have a global presence, employ strategic initiatives like mergers, acquisitions, and partnerships to expand their product offerings and reach. These companies prioritize innovation to meet the evolving needs of industries reliant on industrial connectors, particularly in manufacturing, automation, and electronics. They make significant investments in research and development to introduce advanced connector technologies that cater to the increasing demand for fast, reliable, and compact solutions.
The players in the global Industrial Connectors market include FrieslandCampina (The Netherlands), Groupe Lactalis (France), Arla Foods (Denmark), Saputo (Canada), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (US), Kerry Group (Ireland), Ornua (Ireland), AMCO Proteins (US), Prolactal (Austria), Valio (Finland), Glanbia (Ireland), Hoogwegt Group (The Netherlands), Batory Foods (US) and Ingredia SA (France) among others.
Recent Market Developments
April 2022:
Segmentation of the Global Industrial Connectors Market
Source: www.vantagemarketresearch.com
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Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis | |
Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Base Year
2023
Historic Year
2018 - 2022
Forecast Year
2023 - 2032
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