Press release
Lucintel Forecasts Connector Market to Reach $98.0 billion by 2030
Trends and Forecast for the Connector Market
According to the recent study the Connector Market [https://www.lucintel.com/connector-market.aspx] is projected to reach an estimated $98.0 billion by 2030 from $74.1 billion in 2023, at a CAGR of 4.0% from 2023 to 2030. Growth in this market is primarily driven by growth in communication and consumer electronics industries, miniaturization of electronic devices, and increasing electronic content in vehicles.
Browse 95 figures / charts and 73 tables in this 231 -page report to understand trends, opportunities and forecast in connector market by product type (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), end use industry (transportation, consumer electronics, computer and peripherals, industrial, telecom/datacom, and others), and region (North America, Europe, APAC and the Rest of the World).
Lucintel forecasts that PCB connectors will remain the largest segment due to growth in the computer, consumer electronics, and communication end use industries
Transportation will remain the largest end use industry and witness the highest growth during the forecast period due to increasing electronic content in vehicles, increasing need for safety systems, and growing demand for hybrid and electric vehicles.
Download sample by clicking on Connector Market
- Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period, supported by increasing automotive production.
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, and UCAP Power are the major suppliers in the connector market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. +1 972.636.5056
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Website: https://www.lucintel.com/connector-market.aspx
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