North America Microminiature Circular Connectors Market is expected to reach US$ 482.91 Mn by 2027

Metal Shell to Dominate North America Microminiature Circular Connectors Market during 2019–2027

According to our new market research study on “North America Microminiature Circular Connectors Market to 2027 – COVID-19 Impact and Analysis by Type, and Application,” the market is expected to reach US$ 482.91 million by 2027 from US$ 392.85 million in 2019; it is estimated to grow at a CAGR of 2.7% from 2020 to 2027. The report provides trends prevailing in the North America microminiature circular connectors market along with the drivers and restraints pertaining to the market growth. Technology adoption in the healthcare industry are the major factor driving the market growth in North America microminiature circular connectors market. However, the inefficient use of panel space by the microminiature circular connectors is one of the major restraints for the market growth.

The North America 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 North America 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., Omnetics Connector Corporation, SOURIAU SAS, TE Connectivity, Ulti-Mate Connector Inc. are among the leading companies in the North America 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 2019, Franz Binder GmbH & Co. Elektrische Bauelemente KG through its subsidiary, Binder USA, LP introduced New Snap-in IP67 Twin Distributor, thus, expanding 720 Series of miniature circular connectors. The newer twin distributor delivers a new option for designers and installers who require a miniature circular connector for automation and machine building applications.

North America Microminiature Circular Connectors Market, by Country, 2019 and 2027 (%)

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North America Microminiature Circular Connectors Market 2027

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North America 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 North America microminiature circular connectors market as follows:

North America Microminiature Circular Connectors Market – by Type

• Metal Shell
• Plastic Shell

North America Microminiature Circular Connectors Market – by Platform

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

North America Microminiature Circular Connectors Market – by Country

• US
• Canada
• Mexico