- The key vendors in the Global Connector Market 2015-2019 are Amphenol Corp., Foxconn Technology Group, Molex and TE Connectivity Ltd.
London, 31 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Connector Market 2015-2019. One major trend emerging in this market is the growth in the renewable energy sector in countries such as the US and Germany which has increased the demand for connectors used in the Renewable Energy sector. The Global Connector market is expected to grow at a CAGR of 5.62 percent during 2014-2019.
Currently, most devices have certain electrical or electronic components attached, be it a tractor or a robot. The increased requirement for electronic components in devices drives the need for connectors, which become an indispensable part of these devices.
“The adoption of active cables as connectors is a major upcoming development in this market. Active connectors are those which require extra power to operate. They have a huge advantage over passive connectors in long distance transmissions, as they boost the transmission signals,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
