NEW YORK, Wire-to-Board Connector Market Facts at a Glance-
Total Pages: 120Companies: 10+ – Including 3M Co., Amphenol Corp., ERNI Deutschland GmbH, Foxconn Technology Group, HARTING Technology Group, HIROSE ELECTRIC Co. Ltd., Japan Aviation Electronics Industry Ltd., JST Mfg. Co. Ltd., Koch Industries Inc., KYOCERA Corp. among others.Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysisSegments: Applications (computer and peripherals, automotive, telecommunication, medical, and others)Geographies: APAC, North America, Europe, Middle East, and Africa, and South America
The Wire-to-Board Connector Market is expected to increase by USD 1.06 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.72% as per the latest market report by Technavio. The wire-to-board connector market share growth by the computer and peripherals segment will be significant for revenue generation. The advances in technologies have also increased advances in Internet technologies. This advancement has led to network upgrades, thereby leading to the up-gradation of connectors to ensure high-speed transmission. The IT sector is a major end-user of IC sockets. However, with the evolution of advanced connectors and the growth of the IT industry, the demand for wire-to-board connectors is expected to grow at a slow rate during the forecast period.
Vendor Insights-
The Wire-to-Board Connector Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
3M.co – The company offers radiation therapy equipment named CyberKnife system.amphenol.com -The company offers a wide range of radiation therapy equipment such as TruGuard, MoldCare Pillows, and others.
Regional Market Outlook
The Wire-to-Board Connector Market share growth in APAC will be significant during the forecast period. 44% of the market’s growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for the wire-to-board connector in APAC. Market growth in this region will be faster than the growth of the market in other regions. The presence of globally leading companies in the military and defense sectors and the high demand from various military establishments in the region, especially from China, will facilitate the wire-to-board connector market growth in APAC over the forecast period
Latest Drivers & Trends Driving the Market-
Wire-to-Board Connector Market Driver:Increased adoption of automotive electronics:
The key factors driving growth in the wire-to-board connector market is the increased adoption of automotive electronics. Automotive connectors form a major element in all these electronic devices used in automobiles. Automotive components contribute to a major share of the manufacturing costs of vehicles. With the increase in the adoption of highly advanced electronic systems such as driver assistance systems, audio controls, cruise control, diagnostic systems, and infotainment systems, the use of automotive connectors has also increased in vehicles. In addition, stringent government regulations on carbon emissions have promoted the use of emission sensors that aid in keeping carbon emissions in check. All these electronic systems and sensors need automotive connectors to transfer information and ensure the efficient working of these components.Wire-to-Board Connector Market Trend:Miniaturization of electronic devices:
The miniaturization of electronic devices is a major supporting the wire-to-board connector market share growth. Technological advances have positively influenced the growth of the electronic devices market to a large extent. The increasing demand for these electronic devices has encouraged manufacturers to invest huge amounts in R&D. With technological advances, the size of electronic devices has reduced considerably over the years. Customers are now demanding highly reliable and compact electronic devices. The miniaturization of electronic devices is mainly due to the need to reduce raw material costs and the increasing need for smaller assemblies in certain applications.
Power Battery Management System Market -The power battery management system market share is expected to increase by USD 22.62 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 19.06%. Download a free sample now!
Power Transmission Motion Control Market -The power transmission motion control market share is expected to increase by USD 284.40 billion from 2021 to 2026, at a CAGR of 17.41%. Download a free sample now!
Wire-to-Board Connector Market Scope
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
This article was shared with Prittle Prattle News as a Press Release by PRNewswire.
