The railway connectors market in North America is expected to grow from US$ 253.50 million in 2021 to US$ 372.09 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.
Growing population, changing lifestyle, and rapid urbanization require an interconnectivity railway communication system, where intelligent rail transport is the key to meet this demand. Intelligent railway is the fastest and easiest way to travel than any other mode of transport. The railway sector continues to adopt new technologies and systems that play an essential role in transforming it. In the modern era, analog railway transport is replaced with metro, high-speed rail, and sustainable transport to compensate for the travel demand. As a result, countries such as the US and Canada are implementing intelligent railway systems because of long-distance travel, cheap cost, and safety. Moreover, implementing big data in various railway applications will create a future trend as big data analytics (BDA) has increasingly attracted analysts, researchers, and practitioners toward railway transportation and engineering. A few of the railway applications that use big data technology are customer experience, train scheduling, timetabling, improving security at railway stations, automatic charting, network optimization, crew management, inventory management. Thus, the increased popularity, use of the internet of things technology, and high demand for passenger security would drive the demand and create a trend for intelligent rail systems and big data implementation in the rail industry. Thus, various technological developments, such as big data, would become a future trend in the market during the forecast period.
North America Railway Connectors Market Revenue and Forecast to 2028 (US$ Million)
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North America Railway Connectors Market Segmentation
The North America railway connectors market is segmented on the basis of connector type, component, application, and country. Based on connector type, the market is segmented into broad/PCB connector, data connector, pogo pin connectors/spring load connector, power connector, and others. In 2020, the others segment held the largest market share. Based on component, the North America railway connectors market is segmented into backshell and connector body. In 2020, the connector body segment held a larger market share. Based on application, the market is segmented into light rail/trams, metro, passenger coach, and others. In 2020, the others segment held the largest market share. By country, the market is segmented into the US, Mexico, and Canada. The US contributed a substantial share in 2020.
Allied Electronics Corporation; Amphenol Corporation; Fischer Connectors SA; HARTING Technology Group; KYOCERA-AVX; Molex, LLC (Koch Industries, Inc.); Schaltbau GmbH; Smiths Interconnect; TE Connectivity Corporation; and TT Electronics are among the leading companies in the North America railway connectors market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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. North America Railway Connectors Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Railway Connector Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increased number of passengers opting train as a mode of transport and rising railway projects
5.1.2 The Emergence of Driverless Trains/Automated Trains in Developing Countries
5.2 Market Restraints
5.2.1 Higher Maintenance Costs of Rolling Stocks and Increased Complexity in Train Systems
5.3 Market Opportunities
5.3.1 Development of Advanced and New Systems Suitable for Complex Data Communication
5.4 Future trends
5.4.1 Development of Intelligent Rail Systems and Incorporation of Big Data in Rail Industry
6. Railway Connectors Market – North America Market Analysis
6.1 North America Railway Connectors Market Overview
6.2 North America Railway Connectors Market Forecast and Analysis
7. North America Railway Connectors Market Analysis – By Connector Type
7.1 Overview
7.2 North America Railway Connectors Market, By Connector Type (2020 and 2028)
7.3 Board /PCB Connector
7.3.1 Overview
7.3.2 Board /PCB Connector: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Data Connector
7.4.1 Overview
7.4.2 Data Connector: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Pogo Pin Connectors/ Spring Load Connector
7.5.1 Overview
7.5.2 Pogo Pin Connectors/ Spring Load Connector: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Power Connector
7.6.1 Overview
7.6.2 Power Connector: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Railway Connectors Market Analysis – By Component
8.1 Overview
8.2 North America Railway Connectors Market, By Component (2020 and 2028)
8.3 Backshell
8.3.1 Overview
8.3.2 Backshell: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Connector Body
8.4.1 Overview
8.4.2 Connector Body: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Railway Connectors Market Analysis – By Application
9.1 Overview
9.2 North America Railway Connectors Market, By Application (2020 and 2028)
9.3 Light Rails/Trams
9.3.1 Overview
9.3.2 Light Rails/Trams: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Metro
9.4.1 Overview
9.4.2 Metro: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Passenger Coach
9.5.1 Overview
9.5.2 Passenger Coach: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Railway Connectors Market – Country Analysis
10.1 Overview
10.1.1 North America: Railway Connectors Market, by Key Country
10.1.1.1 US: Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Railway Connectors Market, by Connector Type
10.1.1.1.2 US: Railway Connectors Market, by Component
10.1.1.1.3 US: Railway Connectors Market, by Application
10.1.1.2 Canada: Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Railway Connectors Market, by Connector Type
10.1.1.2.2 Canada: Railway Connectors Market, by Component
10.1.1.2.3 Canada: Railway Connectors Market, by Application
10.1.1.3 Mexico: Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Railway Connectors Market, by Connector Type
10.1.1.3.2 Mexico: Railway Connectors Market, by Component
10.1.1.3.3 Mexico: Railway Connectors Market, by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. 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 TE Connectivity Corporation
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 Smiths Interconnect
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 HARTING Technology Group
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 Fischer Connectors SA
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 TT Electronics
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 KYOCERA-AVX
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 Molex, LLC (Koch Industries, Inc.)
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 Schaltbau GmbH
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 Allied Electronics Corporation
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 Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Railway Connectors Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Railway Connectors Market, by Connector Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Railway Connectors Market, by Component –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Railway Connectors Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Railway Connectors Market, by Connector Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Railway Connectors Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Railway Connectors Market, by Application –Revenue and Forecast to 2028 (Canada$ Million)
Table 9. Mexico: Railway Connectors Market, by Connector Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Railway Connectors Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Railway Connectors Market, by Application –Revenue and Forecast to 2028 (Mexico$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Railway Connectors Market Segmentation
Figure 2. North America Railway Connectors Market Segmentation – By Country
Figure 3. North America Railway Connectors Market Overview
Figure 4. Others Segment held the Largest Share of North America Railway Connectors Market
Figure 5. Connector Body Segment held the Largest Share of North America Railway Connectors Market
Figure 6. Other’s segment held the Largest Share of North America Railway Connectors Market
Figure 7. US to Show Great Traction During Forecast Period
Figure 8. North America – PEST Analysis
Figure 9. North America Railway Connectors Market, Ecosystem
Figure 10. North America Railway Connectors Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Railway Connectors Market Forecast and Analysis (US$ Million)
Figure 12. North America Railway Connectors Market Revenue Share, by Connector Type (2020 and 2028)
Figure 13. Board /PCB Connector: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Data Connector: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Pogo Pin Connectors/ Spring Load Connector: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Power Connector: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Railway Connectors Market Revenue Share, by Component (2020 and 2028)
Figure 19. Backshell: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Connector Body: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Railway Connectors Market Revenue Share, by Application (2020 and 2028)
Figure 22. Light Rails/Trams: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Metro: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Passenger Coach: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: North America Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Railway Connectors Market, by key Country – Revenue (2020) (US$ Million)
Figure 27. North America: Railway Connectors Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. US: Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Railway Connectors Market – Revenue and Forecast to 2028 (US$ Million)
- Allied Electronics Corporation
- Amphenol Corporation
- Fischer Connectors SA
- HARTING Technology Group
- KYOCERA-AVX
- Molex, LLC (Koch Industries, Inc.)
- Schaltbau GmbH
- Smiths Interconnect
- TE Connectivity Corporation
- TT Electronics
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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