Circular Connectors Market Size,Growth,Trends, Insights and Forecast 2024-2031

Market Overview :

A circular connector is a multi-pin electrical connector in a cylindrical shape and has contacts for powering electrical devices, transmitting data, and transmitting electrical signals. It has a circular interface and enclosure that allows it to join and disconnect signal, power, and optical circuits quickly and easily without coupling equipment like torque wrenches. Circular connectors are designed for uncompromising performance in harsh environments and are widely used for industrial applications, including aircraft, broadcast, defense and security, electronics, energy, instrumentation, medical, and transportation.

Market Trends :

The ability to withstand a harsh environment while offering robust and secure connections is expected to drive the circular connectors market. However, substitutes such as rectangular face connectors restrain the circular connectors market.The ability to withstand a harsh environment while offering robust and secure connection is expected to drive the circular connectors market

A circular connector comprises contacts, an insert, and a shell. The connections are usually encased in a composite or metal shell and embedded in insulating material to keep the contacts aligned. Moreover, the insert is another insulating body inside the shell. It is utilized to orientate the electrical connections. Each insert is manufactured to support given types or sizes of contacts. Further, the inserts have a contact arrangement that allows them to accommodate as many conductors as are available in contact slots. Therefore, circular connectors are designed for tough performance in harsh environments and are widely used for industrial applications, including aircraft, broadcast, defense and security, electronics, energy, instrumentation, medical, and transportation.

In October 2021, Binder, a UK-based company, launched the 718 product series with new field-wearable, over-molded M8 circular cable connectors designed for sensor and actuator applications installations. The products meet the IP65 protection degree requirements when mated. In addition, contacts are gold-plated brass for males and bronze for female contacts, allowing over 50 mating cycles. Therefore, they are particularly easy to handle, with high use efficiency.

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Market Segmentation :

Based on type, the global circular connectors market is segmented into circular plastic connectors (CPC) and circular metal-shell connectors (CMC).

Circular metal-shell connectors (CMC) and circular plastic connectors (CPC) are designed by an OEM where the receptacle and plug are generally configured to mate exclusively with their connectors. CMCs are utilized in industrial applications that require a strong and secure wire connection, which are built to withstand harsh environments while offering a secure connection for industrial applications.

In September 2021, Dinkle Global launched its circular connection portfolio, giving dependable connectivity choices to enable greater equipment output, even in the most difficult conditions. The connectors' nickel-plated die-cast fittings provide a firm mechanical connection. In addition, its copper alloy gold-plated contacts for conductors and grounding pins provide stable electrical connectivity.

Geographical Share :

The global circular connectors market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa based on geography.

The Asia-Pacific market is expected to witness huge growth due to the growing demand for connectors in computers, communications, and consumer electronics data transmission and signal in several industries, including automotive, electrical & electronics, aviation, and medical.

Moreover, Asia-Pacific is experiencing huge growth in the aviation industry due to increasing air passenger traffic, flight safety concerns, and maintenance cost reduction needs, strengthening the demand for micro-miniature circular connectors.

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Competitive Landscape

The global circular connectors market is slightly fragmented and moderately competitive with several end-use industries such as automotive and electrical & electronics companies, resulting in good investment by multinational and local companies, contributing to the major share in the market growth. In addition, major players contributing to the market's growth are Amphenol Corporation, TE Connectivity Corporation, Molex Incorporated, Delphi Automotive LLP, Phoenix Contact GmbH & Co. KG, Franz Binder GmbH & Co, ITT Inc, Japan Aviation Electronics Industry, Ltd., Dinkle Global, Binder, and others.

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