North America Microminiature Circular Connectors Market Share and Forecast by 2027

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

  • Report Date : Aug 2020
  • Report Code : TIPRE00013322
  • Category : Electronics and Semiconductor
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 88

The microminiature circular connectors market in North America is expected to grow from US$ 392.85 Mn in 2019 to US$ 482.91 Mn by 2027; it is estimated to grow at a CAGR of 2.7% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America, and it is the most technologically advanced region. Microminiature devices provide substantial savings in both weight and space needs since their small size and the level of performance is equal to their larger, circular counterparts. The huge demand for the microminiature circular connector is continuously increasing as application designs in aerospace, military, and specialty industrial needs high performing, smaller, harsh environment circular connectors. These are built for use in various industrial applications wherein minimum dimensions need to be attained. The growth in demand for microminiature circular connectors in applications such as defense and industrial applications is expected to drive the microminiature circular connectors market during the forecast period. Besides, owing to its smaller physical size, providing considerable savings in both weight and space requirements is also anticipated to boost the market.

Further, various companies in the region are highly involved in offering microminiature circular connectors for various industries; for instance, ITT Cannon, is engaged in providing microminiature circular series connectors, which are lightweight and ruggedized. Its connectors are used for several applications, such as instrumentation, biomedical, and miniature black boxes. Glenair is also engaged in designing and manufacturing the deepest and broadest selection of microminiature circular connectors for various tactical field and aerospace applications. With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America microminiature circular connectors market. The North America microminiature circular connectors market is expected to grow at a good CAGR during the forecast period.
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North America Microminiature Circular Connectors Market Segmentation

North America Microminiature Circular Connectors Market, by Type

  • Metal Shell
  • Plastic Shell

North America Microminiature Circular Connectors Market, by Application

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

North America Microminiature Circular Connectors Market, by Country

  • US
  • Canada
  • Mexico

North America Microminiature Circular Connectors Market – Companies Mentioned

  • 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.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Application, and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Microminiature Circular Connector Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America – PEST Analysis

4.3 Ecosystem Analysis

5. Microminiature Circular Connector Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Technology Adoption in the Healthcare Industry

5.1.2 Wide Range of Application of Miniaturized Connectors

5.2 Market Restraint

5.2.1 Inefficient Use of Panel Space When Used in Arrays, When Compared to Rectangular Connectors

5.3 Market Opportunity

5.3.1 Growing Demand for High-speed Data Transmission Cables Connectors

5.4 Future Trend

5.4.1 Adoption of Microminiature Circular Hybrid Connectors

5.5 Impact Analysis of Drivers and Restraints

6. Microminiature Circular Connector Market – North America Analysis

6.1 North America: Microminiature Circular Connector Market

6.1.1 North America: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

7. Microminiature Circular Connector Market Analysis – By Type

7.1 Overview

7.2 North America: Microminiature Circular Connector Market, by Type

7.3 Metal Shell

7.3.1 Overview

7.3.2 Metal Shell: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

7.4 Plastic Shell

7.4.1 Overview

7.4.2 Plastic Shell: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

8. Microminiature Circular Connector Market Analysis – By Application

8.1 Overview

8.2 North America: Microminiature Circular Connector Market, by Application

8.3 Military& Defense

8.3.1 Overview

8.3.2 Military& Defense: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

8.4 Aerospace and UAV

8.4.1 Overview

8.4.2 Aerospace and UAV: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

8.5 Industrial Application

8.5.1 Overview

8.5.2 Industrial Application: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

8.6 Medical

8.6.1 Overview

8.6.2 Medical: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

9. Microminiature Circular Connector Market – Country Analysis

9.1 North America: Microminiature Circular Connector Market

9.2 North America: Microminiature Circular Connector Market, by Key Country

9.2.1 US: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

9.2.1.1 US: Microminiature Circular Connector Market, by Type

9.2.1.2 US: Microminiature Circular Connector Market, by Application

9.2.2 Canada: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

9.2.2.1 Canada: Microminiature Circular Connector Market, by Type

9.2.2.2 Canada: Microminiature Circular Connector Market, by Application

9.2.3 Mexico: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

9.2.3.1 Mexico: Microminiature Circular Connector Market, by Type

9.2.3.2 Mexico: Microminiature Circular Connector Market, by Application

10. Impact of COVID-19 Pandemic on North America Microminiature Circular Conductor Market

10.1 North America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

11.4 Merger and Acquisition

12. Key Company Profiles

12.1 Amphenol Corporation

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Franz Binder GmbH & Co. Electrical Components KG

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Glenair, Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Hirose Electric Co., Ltd.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 HUBER+SUHNER

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 ITT Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Omnetics Connector Corporation

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 SOURIAU SAS

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 TE Connectivity

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Ulti-Mate Connector, Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. North America: Microminiature Circular Connector Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 2. North America: Microminiature Circular Connector Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 3. North America Microminiature Circular Connectors Market, by Country – Revenue and Forecast to 2027 (USD Million)

Table 4. US: Microminiature Circular Connector Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 5. US: Microminiature Circular Connector Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 6. Canada: Microminiature Circular Connector Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 7. Canada: Microminiature Circular Connector Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 8. Mexico: Microminiature Circular Connector Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 9. Mexico: Microminiature Circular Connector Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 10. List of Abbreviation

LIST OF FIGURES

Figure 1. Microminiature Circular Connector Market Segmentation

Figure 2. Microminiature Circular Connector Market Segmentation – By Country

Figure 3. North America Microminiature Circular Connector Market Overview

Figure 4. North America Microminiature Circular Connector Market – Type Analysis

Figure 5. North America Microminiature Circular Connector Market – Application Analysis

Figure 6. North America – PEST Analysis

Figure 7. Microminiature Circular Connector Market – Ecosystem Analysis

Figure 8. Microminiature Circular Connector Market Impact Analysis of Drivers and Restraints

Figure 9. North America: Microminiature Circular Connector Market – Revenue and Forecast to 2027 (US$ Million)

Figure 10. North America: Microminiature Circular Connector Market Revenue Share, by Type (2019 and 2027)

Figure 11. Metal Shell: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 12. Plastic Shell: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 13. North America: Microminiature Circular Connector Market Revenue Share, by Application (2019 and 2027)

Figure 14. Military& Defense: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 15. Aerospace and UAV: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16. Industrial Application: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 17. Medical: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18. Others: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19. North America: Microminiature Circular Connector Market Revenue Share, by Key Country (2019 and 2027)

Figure 20. US: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 21. Canada: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 22. Mexico: Microminiature Circular Connector Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 23. Impact of COVID-19 Pandemic in North American Markets

  1. Amphenol Corporation
  2. Franz Binder GmbH & Co. Elektrische Bauelemente KG
  3. Glenair, Inc.
  4. Hirose Electric Co., Ltd.
  5. HUBER+SUHNER
  6. ITT, Inc.
  7. Omnetics Connector Corporation
  8. SOURIAU SAS
  9. TE Connectivity
  10. Ulti-Mate Connector Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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