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Market Information - Global Connector Industry

 

The Global Connector Industry 2017-2020

The global connector industry is expected to reach an estimated value of $72.7 billion by 2020. Demand for advanced product features, high-speed, convenience, and connectivity is driving the connector manufacturing industry. The other major drivers of the connector industry includes growth in intelligent building technologies, miniaturization of electronic devices, increasing electronic content in devices and the growing number of 3C applications (computing, communication, and consumer electronics). Rapid technological advancement has encouraged the demand for compact and reliable electronic devices. Products which provide convenience and better connectivity along with high speed are in demand that will drive the connector industry.

Xmultiple management looks at analysis of the market trends, the competitive landscape, mergers and acquisitions, emerging new products, and key drivers of industry growth. Our leadership team studies global trends and forecasts for the connector market, and we use this data in our control of cost to maintain Xmultiple prices at the lowest possible level for our customers.

Xmultiple serves many industries including consumer electronics, computer and peripherals, industrial, telecom/datacom, and aerospace, defense, office equipment, and medical equipment.

Cables and Connectors Market (2017-2020)

Rising internet penetration, along with the need for high speed internet connection is the major driving factor for the growth of the cables and connectors market. With the demand for bandwidth growing rapidly, there is an ever-increasing need for fiber optic interconnectivity to support the growing data traffic. In the industry category of cables and connectors, the "submarine industry" is expected to have a higher market size compared to the "satellite industry". The major reason behind the large market size of the submarine industry is the large demand for cables & connectors. The submarine communications industry (sub-industry in the submarine industry) holds the highest market share in the cables and connectors market because of the increasing demand for sub-sea cables and connectors in the communication industry, as the government bodies are investing highly in forming fiber optic telecommunication links to connect different parts of the globe.

The global cables and connectors market has been segmented into four categories that include: component segment, application, industry, and geography. The component segment includes cable & cable assemblies, electronic & mechanical connectors, and other components. The application segment includes testing and manufacturing/ production. The industry segment includes satellite and submarine industries. The cables and connectors market has also been segmented on the basis of geography. The market by geography has been classified into various regions such as the Americas, Europe, APAC, and RoW.

Global Hazardous Environment Connectors Market - Market Trends and Forecasts (2017 - 2021)

The various government safety standards have made the use of hazardous environment safe connectors compulsory in almost all the industrial sectors. As per these safety standards, we have the hazardous location safety connectors that are explosion or flame-proof as well as corrosion resistant. These connectors provide protection to the industrial equipment and to the personnel. Moreover, they prevent the occurrence of major accidents in the hazardous areas. Thus, knowing all the parameters, which can guide us in choosing the right kind of hazardous location connector is critically important, in order to avoid the risk of explosion or fire due to ignitable gases, dust or vapors.

The global hazardous environment connectors market is estimated to be worth USD 10.74 billion in 2016 and is projected to grow at a CAGR of 5.22% during the forecast period to reach USD 13.85 billion by 2021. The global hazardous location connectors market is broadly segmented based on class, hazardous zones, applications, end-users and geography. On the classification of class, the hazardous location connectors market are divided into class I, class II and class III. Similarly, based on the hazardous zones, the market is segmented into zone 0, zone 1 and zone 2. Further, on the classification of applications, the market segments are oil refineries, petrochemical refineries, pulp & paper mills, food & beverage processing, oil & gas production, pharmaceutical manufacturing, wastewater treatment facilities and others.

China Connector Market

As China's consumer electronics, web-design and communication terminal products have developed rapidly and the global production capacity of connectors. Now China has the world's fastest growth rate in the connector market which has become the biggest in the world. Xmultiple will continue to expand our presence and manufacturing in China.

From the perspective of the application of connectors in end-user market in 2016, the top five application fields were still auto-electronics, computer & computer peripherals, telecommunication & data communications, industries, military & aviation markets. The application of connectors in auto industry and computer & communication industry has developed in leaps and bounds. The market is further expanded, and the growth rate has reached double-digit per year. The potential for the future is quite large. China has become the biggest connector market with the fastest growth rate in the world. The main reason for this is that companies in the United States have contract manufacturing for their products performed in China by large Electronic Manufacturing Service (EMS) companies such as JABIL, Flextronics, Sanmina, Benchmark and many more.

As mobile products, headed by mobile phones, have developed toward miniaturization, slimmer shape and high performance, the components of display screen are becoming more complicated. Based on the urgent demand of diversified applications and thinner space of substrate connectors and FPC (flexible printed board) connectors as well as low back, especially the demand of super-slimming of mobile phones is growing rapidly. This market also has requirements for super low back built-in connectors.

Summary

On the basis comprehensive research by many financial companies, the connector industry will grow significantly during 2017-2020. Consumer electronics and industrial connector segments will witness strong growth during the forecast period. Increasing internet traffic, development of high density, and micro miniature technologies are the major driving factors for these segments. Research and development activities have become an indispensable part of all connector manufacturers' strategy for this industry growth. Growing consumer demand forced the market towards quality improvements of electronic products. Rapid technological advancement has encouraged the demand for compact and reliable electronic devices. As weight and cost savings have become essential for high-reliability products, all connector manufacturers are focusing on developing smaller, lighter, and higher-power connectors. Regular innovation of products is very important for companies to sustain their successful position in the market. Xmultiple has been a leader in this innovation with our recent development of our X-Smart, UltraJAX, Ultramag and Mini RJ45 connector product lines.

 

Connector Market Today:

  • $39B Worldwide: ~ 6.5% per year Growth
  • Revenue: Test/Burn-in Sockets <10%, Production Connectors & Sockets = >90%.
  • Metallic Connectors: (Cu, Brass, PhBr, BeCu ), Fiber Optic Connectors: (Glass, POF), Electronic: < 5v Electrical:> 12v.
  • Major Markets: Computer, Communications, Auto. Mil-Aero, Industrial, Consumer, Appliance, Medical, Instrumentation, Other.

Key Points About Connector Market:

  • Xmultiple, Tyco, Molex, Amphenol, FCI, Delphi, Yazaki, JST, Foxconn. > $2B in Sales.
  • Industry consolidation will continue.
  • Globalization of the Supply Chain is increasing.
  • Manufacturing Footprint is Shifting to Asia
  • Market ~ 60% Standards-Based, 40% Application-Specific.

Key Dynamics for the Future:

  • Growth- Expansion in Developing World: China, Other Asia, India
  • North American & EU Market & Manufacturing Infrastructure vs. Current Trends.
  • Semiconductor & Electronic Packaging Developments.
  • Wireless Technology vs. Cables. Other Technology Breakthroughs.
  • Market-Specific Issues. (Computer, Telecom, Automotive)
 

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