Railway Connector Market Size and Competitive Analysis by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Railway Connector Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Connector Type (Boar Level Connector/PCB Connector, Data Connector, Pogo Pin Connector/Spring Load Connector, Power Connector, and Others), Component (Backshell and Connector Body), and Application (Light Rails/Trams, Metro, Passenger Coach, and Others)

  • Report Date : Feb 2022
  • Report Code : TIPRE00007460
  • Category : Electronics and Semiconductor
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 156

The railway connector market is expected to grow from US$ 803.50 million in 2021 to US$ 1,150.21 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.

Growing population, changing lifestyle, and rapid urbanization require an interconnectivity railway communication systemand driving the market growth. Moreover, increasing data rates and rising miniaturization trend in electronic devices drive developments in compact, robust, and high-speed communication solutions. The emergence of digital transmission networks on railways offers manufacturers with the challenge of developing system concepts and equipment interfaces which is suitable for complex data communication. Many European vehicles are equipped with high technologies, such as wireless data transmission, which is expected to propel the demand for railway connectors for complex data communication in Europe during the forecast period.

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Railway Connector Market: Strategic Insights

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  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.


Impact of COVID-19 Pandemic on Railway Connector Market 

In 2020, the COVID-19 pandemic created a large-scale negative impact on global economies. The pandemic led to many challenges across various markets, such as the railway connector market. The demand and supply were majorly reduced due to low production. Further, the railway industry was negatively impacted due to lockdown. The restrictions on the supply chain created a halt in the manufacturing of railway connectors across the globe. However, the outlook for railway projects remained buoyant in 2021. Therefore, the demand for railway connectors has increased from 2021.

Market Insights – Railway Connector Market

Emergence of Driverless Trains to Propel Railway Connector Market during Forecast Period

Increasing electrification across the global transportation industry irrespective of the mode of transport has led to the development of automated transport methods. Trains are the frontrunners of transport automation after road transport, as autonomous driving is making its entry into the railway sector. In Europe, automatic train operation (ATO) is becoming the latest trend that modernizes the region's railway sector. In October 2019, six German companies, led by Siemens Mobility, started a joint project named “AStriD.” The growing urban and local transport propels the need to integrate advanced and automated systems in rail to optimize train operations. Therefore, increasing demand of connectors in autonomous trains offers advantages to the players operating in the railway connector market.

Connector Type-Based Insights

Based on connector type, the railway connector market is segmented into broad level connector/PCB connector, data connector, pogo pin connectors/spring load connector, power connector, and others. The broad-level connector/PCB connector segment held the largest market share in 2021.

Players operating in the railway connector market are mainly focused on developing advanced and efficient products.

  • In January 2021, Fischer Connectors Group started the construction of a new manufacturing facility in Portugal.
  • In June 2021, TT Electronics' AB Connectors became gold members of rail forum Midlands.

Railway Connectors

Railway Connector Market Regional Insights

The regional trends and factors influencing the Railway Connector Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Railway Connector Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

railway-connectors-market-global-geography
  • Get the Regional Specific Data for Railway Connector Market

Railway Connector Market Report Scope

Report Attribute Details
Market size in 2021 US$ 803.50 Million
Market Size by 2028 US$ 1,150.21 Million
Global CAGR (2021 - 2028) 5.3%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Connector Type
  • Boar Level Connector/PCB Connector
  • Data Connector
  • Pogo Pin Connector/Spring Load Connector
  • Power Connector
By Component
  • Backshell and Connector Body
By Application
  • Light Rails/Trams
  • Metro
  • Passenger Coach
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Amphenol Corporation
  • TE Connectivity Corporation
  • Smiths Interconnect
  • HARTING Technology Group
  • Fischer Connectors SA
  • TT Electronics
  • KYOCERA-AVX
  • Molex, LLC (Koch Industries, Inc.)
  • Schaltbau GmbH

  • Railway Connector Market Players Density: Understanding Its Impact on Business Dynamics

    The Railway Connector Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Railway Connector Market are:

    1. Amphenol Corporation
    2. TE Connectivity Corporation
    3. Smiths Interconnect
    4. HARTING Technology Group
    5. Fischer Connectors SA

    Disclaimer: The companies listed above are not ranked in any particular order.


    railway-connectors-market-cagr

    • Get the Railway Connector Market top key players overview

    The railway connector market is segmented on the basis of connector type, component, application, and geography. Based connector type, the market is segmented into broad level connector/PCB connector, data connector, pogo pin connectors/spring load connector, power connector, and others. In 2021, the broad level connector/PCB connector segment led the market and accounted for the largest market share. Based on component, the market is bifurcated into backshell and connector body. In 2021, the connector body segment led the market and accounted for a larger market share. Based on application, the railway connector market is segmented into light rail/trams, metro, passenger coach, and others. In 2021, the others segment led the market and accounted for the largest market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, APAC accounted for a significant share in the global railway connector market.

    Amphenol Corporation, Kyocera-AVX, Fischer Connectors SA, Harting Technology Group, Molex, LLC (Koch Industries, Inc.), Schaltbau GmbH, Allied Electronics Corporation, Smiths Interconnect, TE Connectivity Corporation, and TT Electronics are among the key players that are profiled during this market study. In addition, several other essential market players were studied and analyzed to get a holistic view of the railway connector market and its ecosystem.


    Frequently Asked Questions

    What are key driving factors behind railway connector market growth?

    The railway connector have been in use for several years worldwide, however, the technology has been experiencing immense demand in recent years. Increasing number of passengers train and railway projects and emergence of driverless trains/automated trains in developing countries are supporting the growth of railway connector market.

    What are key market opportunities for railway connector market?

    The increasing data rates and rising trend of miniaturization in electronic devices, drive developments toward compact, robust, and high-speed communication solutions. The emergence of digital transmission networks on railways presents manufacturers with the challenge of developing system concepts and equipment interfaces suitable for complex data communication. Many European vehicles are equipped with high technologies, such as wireless data transmission, which is expected to propel the demand for railway connectors for complex data communication in the Europe region during the forecast period. Therefore, with the development of advanced and new systems suitable for complex data communication will more opportunities for railway connector.

    Which connector type dominated the market in 2021?

    The global railway connector market was dominated by broad level connector /PCB connector segment accounted for the largest share in 2021 during the forecast period. The demand for fast, efficient, and reliable transport systems entails an increasing complexity of the technologies used to manufacture trains that will drive the PCB to connect type.

    Which region has dominated the railway connector market in 2021?

    In 2021, APAC led the market with a substantial revenue share, followed by North America and Europe. China is the leading country in APAC for railway connector, and it is expected to rise rapidly over the projection period, followed by the India and Japan.

    Which country dominated the Europe region railway connector market?

    China held the largest share in APAC region. The country railway sector is witnessing massive growth in its rail freight and passengers train operations. The railway freight has kept a high level of traffic which showed fast recovery and positive trend of the country economic & social development order. China rail freight business will rise by increasing freight volume and better capacity. Furthermore, in 2021, China is looking to expand its current railway technology of its first high-speed railway that links Beijing and Zhangjiakou, where the games 2022 Winter Olympic skiing events will be held. Thus, the rising investment and development towards the advancement of trains will drive the market growth.

    Which are the major companies operating in the railway connector market?

    The major companies in railway connector includes Amphenol Corporation, Kyocera-AVX, Molex, LLC (Koch Industries, Inc.), Schaltbau GmbH, and TE Connectivity Corporation. The ranking has been derived analysing multiple parameters such as annual revenue earned from railway connector portfolio, client base, geographic locations, R&D expenditure, brand image, and number of employees, among others. These companies are actively participating in developing railway connector for various applications.

    Naveen Chittaragi
    Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    The List of Companies - Railway Connectors Market

    1. Amphenol Corporation
    2. TE Connectivity Corporation
    3. Smiths Interconnect
    4. HARTING Technology Group
    5. Fischer Connectors SA
    6. TT Electronics
    7. KYOCERA-AVX
    8. Molex, LLC (Koch Industries, Inc.)
    9. Schaltbau GmbH
    10. Allied Electronics Corporation
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