China's Remarkable Growth Propels Global Connectors Market to New Heights
Thursday, October 12, 2023
DUBLIN, Oct. 4, 2023 /PRNewswire/ -- The "Connectors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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The global connectors market, with an estimated value of US$73.1 billion in 2022, is projected to experience robust growth, reaching a size of US$114.6 billion by 2030. This substantial expansion is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 5.8% during the analysis period from 2022 to 2030.
Among the segments analyzed in the report, PCB connectors are expected to exhibit significant growth with a projected CAGR of 5.6%, reaching a market value of US$32.7 billion by the end of the analysis period. Additionally, the Rf Coaxial Connectors segment is estimated to grow at an impressive 7.2% CAGR over the next eight years.
The United States, with an estimated market value of US$13.7 billion in 2022, leads the connectors market. Meanwhile, China, the world's second-largest economy, is forecasted to experience remarkable growth with a projected market size of US$24.9 billion by 2030, driven by a CAGR of 7.3% from 2022 to 2030.
Other notable geographic markets include Japan and Canada, each expected to grow at rates of 4.1% and 5.3%, respectively, over the 2022-2030 period. Germany, within Europe, is forecasted to exhibit approximately 5.4% CAGR.
Key Market Players (Total 386 Featured):
-- 3M Company
-- Amphenol Corp.
-- Aptiv PLC
-- Carlisle Interconnect Technologies Inc.
-- Cheng Uei Precision Industry Co., Ltd. (Foxlink)
-- CommScope
-- DDK Ltd., a subsidiary of Fujikura Ltd.
-- Glenair, Inc.
-- HARTING Technology Group
-- Hirose Electric Co., Ltd.
-- Hon Hai Precision Industry Co., Ltd. (Foxconn)
-- ITT Interconnect Solutions
-- Japan Aviation Electronics Industry, Ltd.
-- JST Mfg. Co., Ltd.
-- Molex LLC
-- ODU GmbH & Co. KG
-- Rosenberger Hochfrequenztechnik GmbH & Co. KG
-- Sumitomo Wiring Systems, Ltd.
-- TE Connectivity Ltd.
-- Weidmuller Interface GmbH & Co. KG
-- Yazaki Corporation
Economic Outlook:
The global economic outlook is showing signs of improvement, with a cautious optimism for the coming year. The United States has managed to overcome recession threats, and although GDP growth is slowing due to tight monetary and financial conditions, recovery is on the horizon. In the Euro area, easing headline inflation is boosting real incomes and stimulating economic activity.
China is expected to experience robust GDP growth as the pandemic threat recedes and the government adjusts its policies. India remains on a trajectory to become a trillion-dollar economy by 2030, surpassing Japan and Germany.
However, challenges persist, including the uncertainty surrounding the war in Ukraine, slower-than-expected global inflation decline, food and fuel inflation in developing countries, and high retail inflation affecting consumer confidence and spending. Governments worldwide are working to combat inflation by raising interest rates, which may impact job creation and economic activity.
The business landscape is also evolving with the rise of new technologies, including generative AI, applied AI, machine learning, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies. These technologies have the potential to drive significant incremental growth and value to global GDP in the coming years.
In this mixed economic environment, businesses that demonstrate resilience and adaptability will find opportunities amid challenges, positioning themselves for future success.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- Connectors: The Most Ubiquitous of Electronic Components Driving All
Things Electronic
-- Global Economic Update
-- Although Declining for the First Time Since the Russia-Ukraine War,
Global Oil Prices Still Remains Higher Than 2019 Levels Which In Turn
Will Take Inflation Longer Than Expected to Fall: Global Average Annual
Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
-- Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected
Problem to Solve in 2023: Global Inflation Rates (In %) for the Years
2019 Through 2024
-- Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the
War, Anti-Inflation Fiscal Policies & Slower Than Desirable Easing of
Inflationary Pressures: World Economic Growth Projections (Real GDP,
Annual % Change) for the Years 2020 Through 2024
-- Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in
Unemployment Rates: Global Number of Unemployed People (In Million) for
Years 2019 Through 2024
-- Competition
-- Connectors - Global Key Competitors Percentage Market Share in 2023 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2023 (E)
-- Connectors: Definition, Types & Market Outlook
-- World Brands
-- Recent Market Activity
-- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
-- Focus on Industrial Automation & Rising Investments in Industry 4.0 to
Spur Opportunities for Electronic Connectors
-- Increased Spending on Industrial Automation Sets the Stage for Rapid
Proliferation & Use of Electronic Connectors on Plant Floors: Global
Industrial Automation Market (in US$ Billion) for the Years 2023, 2025,
2027. 2029 and 2032
-- The Unstoppable Rise of Robotics Opens Up Attractive Revenue
Opportunities for Connectors
-- The Growing Clout of Robotics Technology to Spur Growth of Electronic
Connectors: Global Market Opportunity for Robotics (In US$ Billion) for
Years 2023, 2025, 2027, 2029, and 2032
-- Electronification of Automobiles & Rise of New Smart Connected Cars
Opens the Sluice Gates of Opportunity for Automotive Connectors
-- Feature Rich Smart Cars Spur the Need for Electronic Connectors: Global
Connected Vehicles (In Million) by Region for the Years 2020, 2025 &
2030
-- Encouraging Recovery of the Aerospace Industry to Spur Opportunities for
the Growth Connectors
-- Continuing Recovery, Rising Aircraft Orders & the Ensuing Production
Rate Ramp-Ups to Spur Demand for Aerospace Connectors: Commercial
Aircraft Orders & Deliveries for Airbus for the Year 2022 Vs 2021 (In
Units)
-- New Route Expansion Signals a Good Return to Business & a Strong
Business Case for New Aircraft Orders & Deliveries: Number of New
Aircraft Demanded (In Units) as a Result of New Air Route Expansion by
2041
-- The Much Awaited Recovery of the Commercial Aviation Sector From the
Pandemic to Spur Opportunities for All in the Aerospace Supply Chain
Including Component Suppliers & Their Partners: Global Aviation Sector
Service Revenues (In US$ Billion) for Years 2018 through 2024
-- Digitization in Defense Sector, Strong Military Spending & Continuous
Innovations to Drive Demand for Military Grade Connectors
-- Robust Defense Spending Amid the Unfortunate State of Global
Geo-Political Affairs Opens Opportunities for Military Grade Connectors:
Military Spending by Top Countries in 2022 (In US$ Billion)
-- Robust Growth of Consumer Electronics Drives Demand for Connectors
-- Connector Manufacturers Focus on Leveraging the Strong Demand for
Consumer Electronics With Safe & Reliable Connector Offerings: Global
Market for Consumer Electronics (In US$ Billion) for Years 2023, 2025,
2027, 2029 and 2031
-- Age of Fiber Optic Communications Drives Demand for Fiber Optic
Connectors
-- Expanding Fiber Optics Networks to Spur Demand Opportunity for Fiber
Optic Connectors: Global Market for Fiber to the x (In US$ Million) for
Years 2023 2025 and 2027
-- Durability Benefits Drive Demand or Circular Connectors in Aerospace &
Medical Applications
-- Stringent Emission Regulations & Focus on Sustainability Drive Emphasis
Sustainable Manufacturing & Recycling
-- Connector Material Innovations Steal the Spotlight
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/r6otgh
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