Asia-Pacific Microminiature Circular Connectors Market is expected to reach US$ 837.05 Mn by 2027


PRESS RELEASE BY The Insight Partners 20 Aug 2020

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Metal Shell to Dominate Asia-Pacific Microminiature Circular Connectors Market during 2019–2027

 

According to our new market research study on “Asia-Pacific Microminiature Circular Connectors Market to 2027 – COVID-19 Impact and Analysis by Type, and Application,” the market is expected to reach US$ 837.05 million by 2027 from US$ 567.07 million in 2019; it is estimated to grow at a CAGR of 5.1% from 2020 to 2027. The report provides trends prevailing in the Asia-Pacific microminiature circular connectors market along with the drivers and restraints pertaining to the market growth. Rapid growth in the medical devices industry is the major factor driving the market growth in Asia-Pacific microminiature circular connectors market. However, inefficient use of panel space by the microminiature circular connectors may restraints the market growth.

 

The Asia-Pacific microminiature circular connectors market is segmented into type, application, and country. Based on type, the market is segmented into metal shell, and plastic shell. In 2019, metal shell held the largest share of the Asia-Pacific microminiature circular connectors market. On the basis of application, the market is bifurcated into military & defense, aerospace & UAV, industrial application, medical, and others. The industrial application segment contributed a substantial share to the total market worth in 2019.

 

Amphenol Corporation, Franz Binder GmbH & Co. Elektrische Bauelemente KG, Glenair, Inc., Hirose Electric Co., Ltd., HUBER+SUHNER, ITT, Inc., SOURIAU SAS, and TE Connectivity, are among the leading companies in the Asia-Pacific microminiature circular connectors market. The key companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, HUBER+SUHNER developed the PSM connector series for weight-sensitive aerospace applications. This series enables the customer to maximize power performance while minimizing overall system size, weight, and expenditure, obtaining a cost-effective solution.

 

Asia-Pacific Microminiature Circular Connectors Market, by Country, 2019 and 2027 (%)

Asia-Pacific Microminiature Circular Connectors Market, by Country, 2019 and 2027 (%)

Asia-Pacific Microminiature Circular Connectors Market to Grow at a CAGR of 5.1% to reach US$ 837.05 Million from 2020 to 2027

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Asia-Pacific Microminiature Circular Connectors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Metal Shell, and Plastic Shell); Application (Military & Defense, Aerospace & UAV, Industrial Application, Medical, and Others), and Country


 

The report segments the Asia-Pacific microminiature circular connectors market as follows:

 

Asia-Pacific Microminiature Circular Connectors Market – by Type

  • Metal Shell
  • Plastic Shell

Asia-Pacific Microminiature Circular Connectors Market – by Platform

  • Military & Defense
  • Aerospace & UAV
  • Industrial Application
  • Medical
  • Others

Asia-Pacific Microminiature Circular Connectors Market – by Country

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
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