According to the 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 Market Study Report LLC, global connector market had reached a valuation of USD 62.73 billion in 2020 and is predicted to expand significantly in the ensuing years.
 

Rapid urbanization, growing demand for consumer electronics, widespread adoption of automated solutions are some of the key factors driving the growth of global connector market. Growing demand for electric vehicles, swift industrialization, and proliferating automotive as well as electronic sector are also stimulating the overall industry outlook.
 

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Availability of low production cost in Asian countries have compelled various manufacturers to invest in the region, which in turn has augmented the demand for industrial products in recent past. In addition, growing population and mounting demand for consumer goods are also propelling global connector market expansion.
 

Recovering economic conditions following the COVID-19 pandemic and resuming automotive production processes are favoring the overall market scenario. Moreover, the automotive sector has witnessed substantial technological breakthroughs, thereby adding traction to the overall market size.
 

The high demand for consumer electronics have resulted in rapid expansion of the semiconductor vertical. Additionally, growing applications of electronics in automobiles, rising disposable incomes, and rising demand for sophisticated automotive sensors are also facilitating the overall business scenario.
 

Based on product landscape, global connector market is segmented into RF coaxial connector, fiber optics connector, circular connector, I/O connector, PCB connector, and others. Meanwhile, the end-user scope of this business space involves computer & peripherals, industry, transportation, telecom, automotive, and others.
 

The competitive landscape of global connector market is defined by companies such as ABB Ltd., Yazaki Corp., Prysmian S.p.A., AMETEK Inc., 3M Co., Aptiv plc, Amphenol Corp., and TE Connectivity among others.