IT Connector Market 2021 Evolving Technology and Growth Outlook - 3M Company, Molex Inc. (Koch), Almita Co. Limited, Harwin Group, Conec Electronische GmbH

The research report studies the IT Connector market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each place is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The data analysts have used primary and secondary methodologies to consolidate the information in the report.. They have also used the same data to generate the current business scenario.

The IT Connector Market is expected to register a CAGR of 6.32% over the forecast period from 2021 to 2026.

Top Leading Companies of Global IT Connector Market are 3M Company, Molex Inc. (Koch), Almita Co. Limited, Harwin Group, Conec Electronische GmbH, Harting Technology Group, JST Connectors, Amphenol Corporation, TE Connectivity Limited, Cixi Lanling Electronic Group, Hon Hai Precision Industry Co., Ltd., WAGO Group, Fischer Connectors SA, and others.

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Industry News and Updates:

- February 2020 - Amphenol Corporation, at DesignCon 2020, showcased ExaMAX 2 backplane connector that is plug-compatible with standard ExaMAX but is cost-optimized while retaining the ability to support 112Gb/s applications. The company also demonstrated 112Gb/s channels between two Micro LinkOVER board mounted connectors joined by two Paladin cable connectors and 44 of 32AWG twin-ax cable.
- February 2020 - Molex, at DesignCon 2020, showcased the Impulse orthogonal direct midplane connector running at 112Gb/s. Molex also displayed pluggable I/O connectors at the expo, including QSFP-DD connectors running 112Gb/s over 1.8m of cable, QSFP-DD connectors running 56Gb/s over 5m of active cable, and OSFP connectors running 112Gb/s over 2m of cable.

Key Market Trends (IT Connector)

Asia-Pacific is Expected to Witness Fastest Growth

- The continuous advancements in communication technologies are the major factors boosting the growth of the cable connectors market, precisely the demand for and the production of consumer electronics in the Asia-Pacific region. Moreover, IT and communications support for automated processes in industrial applications facilitated the easier adoption among the manufacturers. Sensor components, faster networks, and flexible interfaces with high levels of reliability and secured hierarchical access, as well as error-correction options, added productivity, continued quality deliveries, and minimized manufacturing costs in the region.
- The government organizations in the region have undertaken many initiatives and regulations to improve the network infrastructure. The initiatives like these are expected to augment the demand for high-speed data transmission cables and connectors. For instance, the Chinese government and the local vendors are actively promoting the plans for the development of 5G, with the deployment of the same expected by the end of 2020. This initiative is expected to develop upgrades across communication infrastructure while installing better connectors and other equipment. In March 2020, Jio, one of the major telecom operators in India, announced the development of its 5G technology as it looks to reduce dependence on foreign vendors and bring cost-related advantages.
- In June 2019, seven days of hearings were held before the Office of the U.S. Trade Representative on the proposal to expand tariffs to an additional USD 300 billion in imports from China. On September 1, 2019, tariffs were instituted on roughly USD 110 billion in Chinese imports. This change hit a variety of markets, including consumer electronics, and some technology products. Tariffs of 25% imposed previously on USD 250 billion worth of Chinese goods risen to 30%. All suppliers should be expected to pass through current and any new tariffs, which means raising costs of all components listed in the Section 301 tariff act, including connectors, PCB assemblies, resistors, etc. This expected to negatively impact the exports of IT connectors from China to the United States.   

Scope of the Report:

This IT Connector market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading key players encompassing their successful marketing strategies, market contribution, recently developments in both historic and present contexts.

The regions are further sub-divided into:

-North America  – US, Canada, and Mexico
-Europe  – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific  – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America  – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa – Saudi Arabia, UAE, Israel, South Africa

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Key Questions Answered in the Global IT Connector Industry Report

What will be the IT Connector market size?
What are the new opportunities?
What is the market share?
What are targeted audiences?
Which are the top players in IT Connector market?
How the competition goes in the future?
Which are the leading countries?
What are the challenges in future?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. Further, it also allows you to do valuable competitor research to get inspiration for marketing the products. When it comes to satisfaction, it is necessary to get definitive idea about what is exactly going in the market. This report exactly provides overall market scenario.

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This release was published on openPR.