Press release
Memory Connectors Market Pegged for Robust Expansion During 2017-2025
Nowadays, increasing trend of digitization and connectivity among electronics devices, is driving the adoption of memory storage devices such as SD card, and flash storage memory for storing and transferring digital data from one device to another. Connectors provide a detachable link to consumer electronics devices and components. Memory connectors enable data transmission between the electronic device and the memory card or socket. A memory card connector includes a conducting grooves and locating grooves for electrically engaging with corresponding contacts of a memory card inserted into the card cavity. A pair of switch terminals mounted on locating grooves come in contact as the memory card is inserted into the card cavity.
New technologies drive new applications such as flash memory as a replacement for traditional media such as CD or DVD. Memory connectors usually feature metallic contacts, a plastic insulator and generally enclosed in a housing.
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Memory Connectors Market: Drivers and Restraints
Increasing trend of cloud computing, adoption of electronic communication devices and adoption of new technologies such as HD television based on LED backlight, wireless data transmission are some primary factors driving the growth of memory connectors market.
However, government restrictions on certain hazardous products used in manufacturing of electronic components, and design constraints to achieve high performance are some factors restraining the growth of memory connectors market.
Memory Connectors Market: Segmentation
Memory Connectors market can be segmented on the basis of product type, mounting type, industry verticals and region wise. On the basis of product type, memory connectors market can be further segmented into memory card connectors and memory socket connectors. On the basis of mounting type this market is further sub-segmented into surface mount, board mount, and others. On the basis of industry verticals memory connectors market is sub-segmented into IT & telecommunication, consumer electronics, government and others. Region wise memory connectors market is further segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East & Africa.
Memory Connectors Market: Regional Overview
North America and Europe region is expected to hold a large market share in memory connectors system due to adoption of memory storage devices in information technology and telecom enterprises in this region. Asia Pacific region is expected to show a highest growth rate in memory connectors market owing to presence of consumer electronic devices manufacturers in this region. Middle East & Africa region is showing a gradual growth in this market due to rise in smartphone penetration and usage of consumer electronic devices in this region.
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Memory Connectors Market: Key Players
3M, TE Connectivity Corporation, FUJITSU, Molex Incorporated, C&K Components, Hirose Electric, JAE Electronics, Yamaichi Electronics and CONEC are some of the key players in memory connectors market.
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