According to the business intelligence report titled ‘Global Connector Market (2021 Edition): Analysis By Product, End User, By Region, By Country Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report, global connector market was evaluated at USD 62.73 billion in 2020 and is projected to expand significantly between 2021-2026.
 

Fast-paced urbanization, surging demand for consumer electronics, and growing usage of automation technology are the leading factors fueling global connector market growth. Moreover, increasing disposable income, growing usage of electronic components in automobiles, and rising demand for automotive safety will boost industry proliferation.
 

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Speaking of COVID-19 pandemic impact, the automotive industry recorded considerable growth in the recent past owing to growing population, technological developments, and rising demand for consumer goods. The demand for connectors soared in tandem with escalating sales of vehicles as prominent manufacturers resumed producing a higher number of electric vehicles & trucks as an aftermath of the pandemic.
 

The report includes a deep-dive analysis of the business sphere by dividing it into segments based on product gamut, end user spectrum, and region. Market share held by each segment, along with growth rate estimates are given in the document.
 

Based on product gamut, global connector industry is divided into PCB connectors, RF coaxial connectors, circular connectors, I/O connectors, fiber optic connectors, and others. Among these, PCB connectors segment expansion is driven by rising demand due to flourishing semiconductor sector. PCB connectors is further classified into wire-to-board, cable-to-board, and board-to-board. 
 

Speaking of end user spectrum, the business sphere is bifurcated into automotive, transportation, telecom, computer & peripherals, and industrial among others.
 

From regional frame of reference, Asia Pacific held majority of worldwide connector market share in the recent past due to growing penetration of electric vehicles because of the advanced technology of connectors helps in decreasing maintenance costs. Increasing industrialization activities, coupled with lower production costs have encouraged leading manufacturers to invest in countries like China and India which will boost APAC industry growth as well.
 

Key players profiled in the report are Molex LLC, TE Connectivity, ABB Ltd., Amphenol Corporation, Yazaki Corporation, Aptiv plc, Prysmian Group, Japan Aviation Electronics Industry Ltd., Ametek Inc., and 3M company.