According to the latest market research study by Technavio, the global printed circuit board connectors market is expected to grow at a CAGR of close to 3% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global PCB connectors market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
Source: Technavio
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The top three revenue contributing end-user segments are discussed below
Telecom/datacom: The telecom/datacom segment is anticipated to grow at a steady rate owing to the rapid expansion of telecommunications industry. Optimistic market trends in mobile broadband, cloud computing, and Big Data management are expected to propel the demand for PCB connectors in the segment.
“The expansion of national broadband network policies by numerous countries, such as India and China, is likely to support the demand for PCB connectors. The high rate of mobile penetration in these developing countries will also contribute to the growth of the segment,” says Anju Ajaykumar, a lead analyst at Technavio for research on engineering tools.
The increase in Internet traffic during 2005-2015 was one of the primary factors that led to the dominance of the telecom/datacom segment. Besides this, the rise in data center construction and increasing smartphone penetration are the two main factors influencing the growth of the segment during the forecast period.
Industrial/instrumentation/medical: The industrial/instrumentation/medical PCB connectors segment includes four major end-users such as energy, industrial automation, machine tools, medical electronics and others (civil engineering and heavy equipment manufacturing). Among these end-users, machine tools accounted for maximum share in the segment. The machine tools segment includes PCB connectors that are used in various machinery, machine tools, and robotics.
Computers and peripherals: The computers and peripherals segment use a varied range of products and services, most of which relate to mainframe and server computers, personal computers, and storage devices. PCB connectors act as tools to connect these hardware products while carrying out operations within a company and between businesses and various other stakeholders, such as suppliers and customers. High-volume products categorize the segment, and APAC-based players are predominant in the market.
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The top vendors operating in the global PCB connectors market are:
- Amphenol
- Hon Hai/ Foxconn
- Molex
- TE Connectivity
The other prominent vendors in the market include 3M, ABB, HARTING Technology Group, Hirose Electric, JAE, METZ CONNECT, Phoenix Contact, and Rosenberger.
A more detailed analysis is available in the Technavio report titled, ‘Global PCB Connectors Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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