High Speed Connector Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product (Board-to-Cable, Board-to-Board, and Others) and Application (Communication, Automotive, Aerospace & Defense, Energy & Power, Electronics, and Others) and Geography
Publication Month: Feb 2021 | Report Code: TIPRE00017912 | No. of Pages: 154 | Category: Electronics and Semiconductor | Status: Published
The high speed connector market was valued at US$ 3,037.65 million in 2019 and is projected to reach US$ 5,658.42 million by 2027; it is expected to grow at a CAGR of 8.3% from 2020 to 2027.
Developed and developing nations are heavily investing in advanced technologies to strengthen their communication infrastructure for digitalization. Companies in the US, Japan, and Germany are developing advanced connectors for the global market. New high speed connector with enhanced offering such as small size, flexibility, and waterproof characteristics are dominating the communication, aerospace, and automotive industries. In addition, advent of 5G networks and rising consumption of fiber optic broadbands are supporting the high speed connector market growth. Developing nations such as India, China, and Indonesia are strengthening their aviation industry owing to rising number of domestic and international airline passengers. The high speed connector improves the connectivity between aircraft and airport facilities. Further, the growing need of high speed internet services to enhance data transfer and communication at faster rate is driving the growth of the high speed connector market. The manufacturing companies such Samtec and JAE are introducing advanced solutions offering for increased speed and performance at facilities/offices. In addition, advancement in fiber optic cabling solution has increased the demand for new high-speed connectors supporting the cable connection for various devices.
Impact of COVID-19 Pandemic on High Speed Connector Market
The COVID-19 pandemic is hindering the economic growth of almost every country. The restrictions on production activities and reduced sale of electronics are disrupting the semiconductor industry, whereas rising need for faster network at home lowered the impact of this downturn on market growth. However, the demand for high speed connector has remained stable or increased in communication and electronics sector. On the other hand, the purchase of high speed connector is reduced or zero as the pandemic has hindered the automotive, aerospace and defense, energy and power, and others sectors. Hence, the high speed connector market is witnessing mixed impact of the pandemic. Large number of manufacturing companies are facing major loss due to low demand from OEMs. Lowering number of the automotive sale, electronics sale, aircraft and others is reducing the demand of high speed connector, which is hampering the high speed connector market growth in the COVID-19 pandemic.
Lucrative Regions for High Speed Connector Providers
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High Speed Connector Market Insights
Rising Adoption from Developing Nations Fuels Growth of High Speed Connector Market
Strengthening communication and networking infrastructure has become necessary for each nation to improve their connectivity to the world for better economic growth and international communication activities. Hence, each country is concerned and eager toward the deployment of advanced high speed connectivity solutions such as fiber optic cables, high speed connector, and other communication aids. Moreover, high speed connector plays a major role in connectivity solutions to form stable and reliable connection for the connected systems. Significant growth in economy of developing nations is supporting the development of semiconductor sector. Additionally, rising count of domestic and international market players operating in the high speed connector market is driving the market growth. For instance, in September 2020, Yamaichi, one of the leading connector manufacturing companies expanded its presence and production capacity in Europe. The company extended the production facility to increase production with the latest Industry 4.0 technology for automated production. Similarly, in January 2018, a US-based company, Amphenol Corporation expanded its presence in Singapore and Asia by acquiring the FCI Asia Pte Ltd (FCI). Through this, the company increased its service and support for Asian end markets.
Product-Based Market Insights
Based on product, the high speed connector market is segmented into board-to-board, board-to-cable, and others. The board-to-board segment held the largest market share in 2019.
High Speed Connector Market, by Solution – 2019 and 2027
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Application-Based Market Insights
Based on application, the high speed connector market is segmented into communication, automotive, aerospace & defense, energy and power, electronics, and others. The aerospace & defense segment held the largest share of the market in 2019.
Strategic Insights
The players operating in the high speed connector market focus on strategies such as partnerships, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
In December 2020, a Taiwan-based company, ACES Electronics Co. Ltd (ACES) formed a definitive agreement with Genesis Connected Solutions, a manufacturer of electronic products. According to the contract, ACES is acquiring 100% equity of Genesis to enhance the product portfolio for higher speed and higher frequency solution.
in January 2018, a US-based company, Amphenol Corporation expanded its presence in Singapore and the Asian region by acquiring the FCI Asia Pte Ltd (FCI).
By Product
- Board-to-Cable
- Board-to-Board
- Others
By Application
- Communication
- Automotive
- Aerospace and Avionics
- Energy and Power
- Electronics
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argetina
- Rest of SAM
Company Profiles
- Molex, LLC
- Samtec
- TE Connectivity
- HIROSE Electric Co., Ltd.
- Yamaichi Electronics Co., Ltd
- Neoconix, Inc.
- FUJITSU
- OMRON Corporation
- IMS Connector Systems
- OUPIIN Enterprise Co.,Ltd
Frequently Asked Questions
The List of Companies - High Speed Connector Market
- SAMTEC
- MOLEX LLC
- TE Connectivity
- Hirose Electric Co. Ltd.
- Yamaichi
- Neoconix
- Fujitsu
- Omron
- IMS Connector Systems
- Oupin Enterprise Co. Ltd.
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