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
The global Industrial Connectors market was valued at USD 5.3 Billion in 2020 and is projected to reach USD 8.77 Billion by 2028, growing at a CAGR of 6.5% from 2021 to 2028.
|Historical Data (Actual Data)||2016-2020|
|Base Year Data||2020|
|Current Year Date||2021|
|Projected year data||2021-2028|
|Annual Market Size (2028)||8.77 Billion|
|Annual Market Size (2021)|
|CAGR (2021 - 2028)||6.5%|
Overview and Description
Connectors are multi-pin connectors which are used for interfacing. A connector is a component which allow maximum connectivity of the electric and transmission signals. They are for for electrical signal transmissions, data transfer, or for supplying power to electrical devices and more
The global Industrial Connectors market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028.
COVID-19 Impact Analysis
COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
The growth is due to the increasing adoption of automation technologies and IoT in industries that is boosting the market growth. The Integration of superior connector products in automotive parts like safety and body electronics, powertrain is all set for driving the market growth.
There is a huge demand for safety systems in the market and which has a direct as well as indirect positive impact on the demand for industrial connectors.
Designing of miniaturized is the major restraint faced by industrial connectors. Designing in miniaturized with high voltage power connectors and that to not compromising with durability of the device in the harsh environments is the major problem faced by an industrial connectors’ manufacturers.
Global Industrial Connectors Market Report Scope
|Market Size Provided for Years||2016-2028|
|Market Size Provided In Terms Of||Revenue & Volume|
|Segments Covered||Connector Type, Termination Method, Application|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries Covered||The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Companies Covered||Sumitomo Wiring Systems, Delphi Connection Systems, Dai-ichi Seiko, Molex, JST, Rosenberger, TE Connectivity, Amphenol, Phoenix Contact, Harting, JAE Electronics, Yazaki, Hirose.|
|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 Asia Pacific, company market share analysis, and COVID-19 impact analysis|
Global Industrial Connectors Market: Connector Type Segment Analysis
- PCB and Others
Global Industrial Connectors Market: Termination Method Segment Analysis
Regional Analysis: Preview
Based on region, the global Industrial Connectors market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Industrial Connectors market are Sumitomo Wiring Systems, Delphi Connection Systems, Dai-ichi Seiko, Molex, JST, Rosenberger, TE Connectivity, Amphenol, Phoenix Contact, Harting, JAE Electronics, Yazaki, Hirose.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
Market Size, 2021 (USD Billion)
Global Industrial Connectors Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Key Highlights – Global Industrial Connectors Market
- Global Industrial Connectors Market is projected to reach USD 8.77 Billion by 2028
- Asia Pacific held the highest share of the Industrial Connectors market
- PCB wire held the largest share of the product segment in the Industrial Connectors market
- Crimping held the major share of the application segment in the Industrial Connectors market
Frequently Asked Questions
the global demand for Industrial Connectors
in terms of revenue?
The global Industrial Connectors valued at 5.3 Billion in 2020 and is expected to reach 8.77 Billion in 2028 growing at a CAGR of 6.5%
are the prominent players
in the market?
The prominent players in the market are Sumitomo Wiring Systems, Delphi Connection Systems, Dai-ichi Seiko, Molex, JST, Rosenberger, TE Connectivity, Amphenol, Phoenix Contact, Harting, JAE Electronics, Yazaki, Hirose..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 6.5% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Industrial Connectors include
- The growth is due to the increasing adoption of automation technologies and IoT in industries that is boosting the market growth. The Integration of superior connector products in automotive parts like safety and body electronics, powertrain is all set for driving the market growth.
- There is a huge demand for safety systems in the market and which has a direct as well as indirect positive impact on the demand for industrial connectors.
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Industrial Connectors in 2020.