Industrial Connectors Market - Forecast(2021 - 2026)

Report Code: AIR 0217 Report Format: PDF + Excel (Delivery in 48 Hrs)

Industrial Connector Market Overview

Industrial Connectors market size was valued at $5.3 billion in 2020, and it is estimated to grow at a CAGR of 6.9% during 2021-2026. The growth is mainly attributed to the increasing adoption of IoT and automation technologies in industries is set to drive the market growth. Integration of superior connector products in automotive parts such as powertrain, safety and body electronics is set to propel the market growth. Additionally, increasing trend for connected cars and the adoption of connectors in automotive sector is set to propel the market growth. The growing demand for safety systems thus has a direct effect on the demand for industrial connectors, which in turn drives market growth. Circular connectors are widely used to enable maximum connectivity of the electric or signal transmission in various applications particularly HDMI cables and Electronic peripherals. For instance, total net generation of electricity in United States reached 310,710 thousand MWh on March 2021 with a 1% increase from March 2020 and is expected to elevate in forecast period owing to high electricity demands. This will provide significant growth in the demand of circular connectors to enable maximum connectivity in data streams further propelling its market growth in North American Market. 

Report Coverage

The report: “Industrial Connectors Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Industrial Connectors Market.
By Connector Type: Circular, Rectangular, Coaxial, PCB and Others.
By Termination Method: Crimping, Soldering and Others.
By Application: Distributed Control Systems, Human Machine Interface, Manufacturing Execution System, Product Lifecycle Management, Progammable Logic Unit, Remote Terminal Unit and Others.
By Industry Vertical: Semiconductor & Electronics, Automotive, Pharmaceutical, Food & Beverage, Oil & Gas, Chemical, Metal and Mining & Other industries.
By Geography: North America (U.S., Canada and Mexico); South America (Brazil, Argentina, Rest of Americas); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of APAC); RoW (Middle East & Africa)

Key Takeaways

  • Europe dominated the Industrial Connectors market in term of revenue in 2020 owing to the presence of major number of players.
  • Adoption of advanced technologies such as IoT, automation technologies in industries and stringent regulations to use advanced equipment is poised to propel the market growth.
  • Increasing adoption of Industrial Connectors in data centers with growing trend of 5G technology is set to drive the market.
  • Designing of miniaturized connectors is the major challenge that hampers the market growth.

    Industrial Connector Market, By Region, 2020

    Industrial Connector Market
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Industrial Connector Market Segment Analysis – By Type

PCB Connector held the major market share of 28.8% in 2020. PCB wire to board type of connectors are used in connecting a wire to a printed circuit board (PCB), enabling connectivity between circuits. High adoption of wire-to-board PCB connectors in industries such as aerospace, military, consumer electronics, medical, telecom and data communication application set to drive the demand of PCB connectors in factory automation. They can be tested to automotive levels on shock, vibration and temperature cycling for reliability. They also have high durability and flexibility. This type of connections are used to bring power and signals onto a PCB and they are specifically designed for LED lighting, and others which set to boost the market growth.

Industrial Connector Market Segment Analysis – By Industry Vertical

Semiconductor & Electronics is the fastest growing segment in Industrial Connectors market and estimated to grow at a CAGR of 9.0% during forecast period 2021-2026. In semiconductor and electronics industry, connectors are used in applications such as drives, relays and switches, cable assembly sets, fabrication and packaging, test sockets, printed circuit boards (PCBs) and others. In this industry, all outputs of a circuit rely on the performance of the connectors used. The demand for faster, better and cheaper electronic devices drive all component manufacturers to constantly upgrade their offerings which escalate the demand for connectors. Implementation of automation technology in semiconductor and electronics industry to incorporate progressive levels of factory control software components, automated material handling systems, and real-time process tool control to meet the growing and changing needs of a semiconductors and electronics.

Industrial Connector Market Segment Analysis – By Geography

APAC dominated the Industrial Connectors market in 2020 with a market share of 39.4%, followed by North America and Europe owing to the presence of large number of players. In addition to these, high adoption of automation technologies in industries which drives the market growth. For instance, ABB which is one of the leading company in Europe invests in development of advanced products including connectors for various applications is set to drive the market growth.

Industrial Connector Market Drivers

Increasing adoption of connectors in data centers

With rapid industrial growth towards data centers, industrial connectors are causing high demands in the market. With the help of industrial connectors, companies have been able to improve their Ethernet capabilities, thus improving the data connectivity in their organization. Adoption of Ethernet connectors in data centers provides high speed transmission of massive amounts of data which helps in enhancing work productivity. With the help of such connectors, data centers are able to meet the high end and data heavy applications offering high performance, thus acting as a major driver for the growth of industrial connectors market.

Growing demand for 5G and Government initiatives

The adoption of wireless technologies such as Wi-Fi, Bluetooth and others coupled with implementation of automation technology in industries have been fueling the connectors market. According to the National Cable and Telecommunications Association, the number of connected devices are anticipated to reach 50.1 billion by the end of 2020. Growing number of connected devices in telecommunication industry is poised to fuel the market growth. Many government initiatives have been implemented in countries such as India, China, and Brazil, in order to improve the network infrastructure. For instance, the Chinese and Indian governments suggested that their countries should actively promote the 5G development plans and launch the technology by the end of 2020. These kind of initiatives are increasing the demand for connectors.

Industrial Connector Market Challenges

Designing and Operation failures

Designing of miniaturized connectors is the major challenged faced by industrial connectors OEMs. Design engineers face problems in balancing the compact designs of connectors along with offering high performance levels. Designing of miniaturized high voltage power connectors without compromising with the durability offered device robustness in the harsh environments is the major issue faced by in industrial connectors’ manufacturers market. Additionally, repeated connector connection and disconnection causes wear and tear issues, thus causing operation failures and this hampers the market growth.

Industrial Connector Market Landscape

Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Industrial Connectors market. Industrial Connectors top 10 companies include Molex Incorporated, TE Connectivity, Amphenol Corporation, Aptiv (Delphi Connection Systems), JST Mfg. Co. Ltd., Hirose Electric Co. Ltd., Rosenberger Hochfrequenztechnik GmbH, Harting Technology Group, Foxconn Technology Group, Sumitomo Electric Industries Ltd., Japan Aviation Electronics Industry Ltd. and Yazaki Corporation and others.

Acquisitions/Technology Launches

  • In March 2020, Amphenol ICC launched ix industrial connectors in collaboration with its technology partners Hirose Electric and Harting Technology Group. With a mechanically strong 10 position connector design and IEC 61076-3-124 compliant, these connectors were designed to meet the next generation industrial Ethernet requirements.
  • In February 2020, Binder USA LP had launched eight contact male/female M16-X cable connector named M16-X415 series in order to offer high speed data transmission along with an IP67 rated ingress protection to resist harsh environments.

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1. Industrial Connector Market Overview
    1.1 Definitions and Scope
2. Industrial Connector Market   - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Application
    2.3 Key trends segmented by Geography
3. Industrial Connector Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Industrial Connector Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Industrial Connector Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Industrial Connector Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Industrial Connector Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Industrial Connector Market – By Connector Type (Market Size -$Million/Billion)
    8.1 PCB
    8.2 Rectangular
    8.3 Circular
    8.4 Coaxial
    8.5 Others
9. Industrial Connector Market – By Application (Market Size -$Million/Billion)
    9.1 DCS
    9.2 HMI
    9.3 PLC
    9.4 MES
    9.5 PLM
    9.6 PLU
    9.7 RTU
    9.8 Others
10. Industrial Connector Market – By Termination Method (Market Size -$Million/Billion)
    10.1 Crimping
    10.2 Soldering
    10.3 Others
11. Industrial Connector Market – By End Use Industry (Market Size -$Million/Billion)
    11.1 Semiconductor and Electronics
    11.2 Automotive
    11.3 Pharmaceutical
    11.4 Food and Beverage
    11.5 Oil and Gas
    11.6 Chemical
    11.7 Metal and Mining
    11.8 Others
12. Industrial Connector Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 Germany
        12.2.2 France
        12.2.3 UK
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Netherlands
        12.2.8 Others
    12.3 APAC
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia
        12.3.6 Indonesia
        12.3.7 Malaysia
        12.3.8 Others
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Others
        12.5 RoW
        12.5.1 Middle East
        12.5.2 Africa
13. Industrial Connector Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs and partnerships
14. Industrial Connector Market – Industry Competitive Landscape (Premium)
    14.1 Market Share – Global
    14.2 Market Share by Region
    14.3 Market Share By End Use Industry
15. Industrial Connector Market – Key Company List by Country Premium (Premium)
16. Industrial Connector Market - Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10