Aug 4, 2021
Prominent connector suppliers include Foxconn Technology Group, YAZAKI Corporation, Aptiv PLC, TE Connectivity
Delaware, United States - August 4, 2021 /MarketersMedia/ —
Citing one of the recent product releases in the global connector market, GCT has rolled out two USB Aconnectors having improved current rating and extended mating cycles over standard products. TheUSB1135 and USB1130 are the latest additions to the company’s USB range and are considered suitable forhigh traffic and fast charging applications.
While the USB1135 is a 3.0 connector tested to 20,000 mating cycles, the USB1130 is a USB A 2.0 variant that has been tested for around 10,000 cycles. This has been achieved due to enhanced retention forces owing to stainless steel construction utilized for the shell of each connector. This makes the USB1135 two times durable as compared to the standard USB A 3.0 and the USB1130 up to six times durable in comparison to the standard USB A 2.0.
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Similar developments by key connector suppliers are slated to escalate connector industry growth through the coming years. According to the latest research by Global Market Insights, Inc., the global connector market size is estimated to surpass USD 75 billion by 2026.
This surge is primarily ascribed to the rising demand for network bandwidth and the paradigm shift towards industrial automation. Prominent connector suppliers include Foxconn Technology Group, YAZAKI Corporation, Aptiv PLC, TE Connectivity, Amphenol Corporation, and others.
A remarkable shift towards industrial automation, as well as initiatives such as Industry 4.0, are further touted to propel connector cables installation through the estimated period. The flourishing telecom and automotive sectors are additionally expected to drive the adoption of different types of connectors for electrical and electronic devices, impelling revenue expansion over the forecasted span.
Few major trends driving connector market growth comprise:
Surging demand for high-speed data services to push global connector industry outlook The rising inclination of users towards peripheral devices is set to escalate the demand for high-speed data services, in turn influencing connector market expansion through the coming years. High reliability coupled with significant data transmission capabilities are some of the prominent features of numerous types of connectors used in peripheral devices and modern computers.
The transmission rates amounting to 40 Gbit/s are presently being developed for cable based electrical connectors owing to the rise in computer users at the global level. These advancements are likely to escalate connector market size through the estimated span.
Increasing investments toward infrastructure development to boost MEA connector market expansion Surging number of investments towards infrastructure development from financial institutions comprising IMF, World Bank, and African Development Bank will influence Middle East & Africa connector market growth over the anticipated period.
Further, the increasing number of investments in fiber optics network coupled with a surge in vehicle components manufacturing will foster the growth of connectors market across the region.
The Middle East & Africa connector market is projected to witness a commendable CAGR of more than 5 per cent through 2026. The intensification of investments in the telecommunication sector across the MEA is touted to stimulate the connector business landscape over the analysis period.
Shifting consumer preference towards high bandwidth communication to escalate fiber optic connector market share Shifting consumer inclination towards high bandwidth communication is estimated to augment fiber optic connector market size through the forecasted span. These connectors are utilized for the minimization of electromagnetic interference, maximizing the speed of data transmission, further stimulating revenue expansion.
The increasing FDI across developing nations for the development of telecommunication infrastructure is set to drive fiber optic connector business growth through the assessment period. In the years to come, growing number of internet users coupled with favorable regulatory telecom policies will stimulate connector industry expansion, in turn augmenting revenue growth to a remarkable extent.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Name: Arun Hegde
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Organization: Global Market Insights Inc.
Address: 4 North Main Street, Selbyville, Delaware 19975 USA
Release ID: 89040161
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