Global Industrial Connectors Market Forecast to Reach $22.4 Million by 2025

October 12, 2020

Global Industrial Connectors Market is forecast to reach $22.4million by 2025, growing at a CAGR of 5.6% during the forecast period from 2020 to 2025. The Industrial Connectors market is driven primarily by the factors such as increasing demand of data connectors due to rapid industrial growth of data centres as well asIT industries. Adoption of various industrial connectors offering use in high demanding applications amidst harsh environments are some factors causing high popularity of industrial connectors in the market.

Key Takeaways
  • Plastic connectors have caused high demands in the industrial connectors market prior to its rising adoption towards demanding applications, thus affecting the growth of metal based connectors.
  • Rising automation along with presence of some major players such as Yazaki Corporation and Foxconn Technology Group Oracle Corporation have helped in fuelling the market growth in Asia Pacific region.
  • Rapid technological advancements and growing demand from data centres are acting as major driving factors for the high growth of industrial connectors market.
Geography – Segment Analysis
Asia Pacific is expected to have a major growth in the global Industrial Connectorsmarket during the forecast period from 2020 to 2025. Presence of key players such as Yazaki Corporation, Foxconn Technology Group and JST Mfg. Co. Ltd.are providing a major contributiontowards the growth of Industrial Connectorsmarket. Increasing growth of automotive industries as well as high adoption of connectors towards data connectivity from IT and telecom sector are also fuelling the market growth in this region.
Drivers – Industrial Connectors Market
  • Rising demand from data centres
  • Increasing automotive demand
Market Landscape
Partnerships and acquisitions along with product launches are the key strategies of the players in the Industrial Connectors Market. The major key players in the Industrial Connectors Market include Molex Incorporated, TE Connectivity, Amphenol Corporation, Aptiv(Delphi Connection Systems), JST Mfg. Co. Ltd., Hirose Electric Co. Ltd., Rosenberger Hochfrequenztechnik GmbH, Harting Technology Group, Foxconn Technology Group, Sumitomo Electric Industries Ltd., Japan Aviation Electronics Industry Ltd. and Yazaki Corporation.

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