Global Printed Circuit Board Connectors Market 2017-2021
About Printed Circuit Board Connectors
A printed circuit board connector, or PCB connector, includes housing and a certain number of terminals to connect electronic components, which contain a conductive pattern printed on the surface of the insulating base, with each terminal on a PCB connector connected to a PCB.
Technavio’s analysts forecast the global printed circuit board connectors market to grow at a CAGR of 3% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global printed circuit board connectors market for 2017-2021. To calculate the market size, the report considers the demand for PCB connectors from various end-users such as telecom/datacom, industrial and automotive.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Printed Circuit Board Connectors Market 2017-2021
Technavio recognizes the following companies as the key players in the global printed circuit board connectors market: Amphenol, Hon Hai/ Foxconn, Molex, and TE Connectivity.
Other Prominent Vendors in the market are: 3M, ABB, HARTING Technology Group, Hirose Electric, JAE, METZ CONNECT, Phoenix Contact, and Rosenberger.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rise in adoption of automotive electronics. Increased demand for automotive electronics is expected to drive the global PCB connectors market during the forecast period. Electronic components used in vehicles necessitate the use of automotive connectors for proper functioning. Automotive electronics represent 30%-35% of the total manufacturing costs of a vehicle. The use of automotive electronics has increased because of the growing demand for advanced systems such as premium audio systems, advanced driver assistance systems, on-board diagnostic systems, infotainment systems, and electronic transmission.”
According to the report, one of the major drivers for this market is miniaturization of electronic devices. The increased focus on R&D and technological advances have spurred the demand for reliable and compact electronic devices. This has led to the growing demand for miniaturized and reliable PCB connectors. Miniaturized PCB connectors not only reduce space requirements but also help lower the weight of the device.
Further, the report states that one of the major factors hindering the growth of this market is increase in wage rate and competition. Rising wage rates and the increase in the manufacturing cost of connectors affect the financials of connector manufacturers adversely, leading to lower profit margins, which, in turn, results in low investment in R&D. There is also growing competition in the components market.
Amphenol, Hon Hai/ Foxconn, Molex, TE Connectivity, 3M, ABB, HARTING Technology Group, Hirose Electric, JAE, METZ CONNECT, Phoenix Contact, Rosenberger.