According to recent research 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 MarketStudyReport, global connector market was valued at USD 62.73 billion and is predicted to expand significantly by 2026.

The major factors driving the global connector market growth are technological advancements that minimize maintenance costs, rising urbanization, increase in demand for electronic devices, and the widespread adoption of automated technology across various sectors.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/3958925/

Growing electronics part in vehicles such as entertainment and safety systems coupled with rising disposable income in emerging and industrialized countries, are also driving the overall market growth.

In today's vehicles, heavy electronic components are used to control crucial systems such as airbags and GPS navigation. The growing need for automobile safety necessitates more advanced automotive sensors, which will drive up demand for automotive connectors and thereby stimulating the overall industry outlook.

The global connector marketplace is segmented on the basis of product type, end-user reach, and regional analysis. The product segment is bifurcated into, I/o connectors, PCB connectors, fiber optic connectors, circular connectors, RF coaxial connectors, and others.

In recent years, the PCB segment has been spurred considerably and is likely to depict similar growth trends in the ensuing years, owing to the rapidly expanding semiconductor industry. Wire-to-board connections are used to connect individual wires to PCBs, cable-to-board connectors are used to align circular or ribbon cables to PCBs, and board-to-board connectors are used to connect two or more PCBs together.

The end-user landscape is bifurcated into telecom, automotive, industrial, transportation, computer & peripherals, and others.

The regional landscape of the global connector business sphere spans across Asia Pacific, Latin America, North America, the Middle East & Africa, and Europe.

The report cites that Asia-Pacific market is likely to showcase robust CAGR through 2026. The continuous rise in demand for electric vehicles in the Asia Pacific has driven the demand for industrial items. In addition to this, manufacturers are investing in Asian countries such as India and China because of low production costs and rapid industrialization, which in turn is pushing connector market expansion in Asia-Pacific.

The competitive landscape of global connector industry is defined by companies such as TE Connectivity, Molex LLC, Amphenol Corp., Yazaki Corp., ABB Ltd., Aptiv plc, AMETEK Inc., Japan Aviation Electronics, 3M Co., and Prysmian Group.