Lucintel's latest market report analyzed that connector provides attractive opportunities in the transportation, telecom / datacom, computer and peripheral, industrial, and consumer electronics industries. The connector market is expected to reach $86.6 billion by 2028 with a CAGR of 4.5%. In this market, PCB connector is the largest segment by product type, whereas transportation is largest by end use industry. Increasing demand for high speed connectors, shift towards compact and thinner connectors, and development of high power connectors provides strategic growth path in this market.
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Based on product type, the connector market is segmented into PCB (Printed Circuit Board) connectors, fiber optic connectors, rectangular I/O, RF (Radio Frequency) coax, application specific connectors, circular connectors, IC (Integrated circuit) sockets, and others. The PCB connectors segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growth in the computer, consumer electronics, and communication end use industries.
Browse in-depth TOC on “Connector Market”
73 – Tables
95 – Figures
195 – Pages
The Connector Market is marked by the presence of several big and small players. Some of the prominent players offering connector include TE Connectivity, Amphenol Corporation, Molex Incorporated, Hon Hai Precision Industry, Volex PLC, Japan Aviation Electronics Industry, Aptiv Plc., Hirose Electric Co., Rosenberger, Yazaki Co., Luxshare ICT, Samtec Inc.
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