Global Connector Market 2015-2019
A connector is a device that carries electricity or electronic signals and connects the I/O part of an electronic or electrical device to the internal controls of a machine or another device. Connectors are an important factor to be considered in the initial setup of any industry. Use of cheap or low grade connectors could result in weaker signals and inefficiency. The less interference produced by the connector, the greater is the quality of the connector.
TechNavio's analysts forecast the Global Connector market will grow at a CAGR of 5.62 percent over the period 2014-2019.
Covered in this Report
TechNavio's report, the Global Connector Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global regions; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Connector Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Connector Market: Amphenol Corp., Foxconn Technology Group, Molex and TE Connectivity Ltd.
Other Prominent Vendors in the market are: 3M, ABB, Belden Incorporated, Delphi, Deutsch, HARTING Technology Group, Hirose Electric, JAE, JST, LOTES, Phoenix Contact, Rosenberger, Sumitomo Wiring Systems, Weidmuller and Yazaki.
Commenting on the report, an analyst from TechNavio’s team said: “One major trend emerging in this market is the growth in the renewable energy sector in countries such as the US and Germany which has increased the demand for connectors used in the Renewable Energy sector.”
According to the report, one of the major drivers in the market is the steady growth of Europe, which generates a major part of the revenue generated by the Global Connector market. Post-recession, the growth of Europe has been slow but steady.
Further, the report states that one of the key challenges in the market is the volatile condition of the emerging market in countries such as China. The volatility in the Chinese manufacturing sector affects the market adversely.
Amphenol, Foxconn Technology Group, Molex , TE Connectivity, 3M, ABB, Belden Incorporated, Delphi, Deutsch, HARTING Technology Group , Hirose Electric, JAE, JST, LOTES, Phoenix Contact, Rosenberger, Sumitomo Wiring Systems, Weidmuller, Yazaki