According to the research report titled ‘North America Connector Market Forecast 2027 By End Use, By Products, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America connector market is anticipated to observe notable gains by the year 2027.

Report findings suggest that increasing manufacturing of smart consumer electrical gadgets, along with growing rate of urbanization with demand for improved public communication infrastructure are major growth catalysts for North America connector market.

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The advent of COVID-19 pandemic had a significant influence on the economy, due to the lockdown and movement restrictions imposed by the government, which temporarily shut down the automotive and consumer electronics sectors, thereby hampering the industry outlook in the recent past.

Based on product terrain, the I/O connectors segment is likely to gain traction in the coming years, due to implementation of modern technologies such as 5G and IoT to develop high-speed connector systems, as well as incorporation of micro connections, HDMI cables, and USB Type C to support high-speed power and data transmission across multiple devices.

Whereas fiber-optic connectors segment is poised to grow significantly through 2027, because of increasing investments and growing R&D activities to launch innovative technologies based on fiber optic across industries.

In terms of end-use spectrum, the automotive segment of North America connector industry is expected to gain popularity in the coming years, owing to rising investments in the EV sector because of its environment-friendly nature.

The U.S. industry is anticipated to witness stellar growth in the coming years, on the back of flourishing telecommunications, automotive, and computer networking sectors, as well as introduction of supportive policies by the government to encourage companies to incorporate connectors into their products. Rapid rate of commercialization & industrialization, along with soaring demand for high-end vehicles are further augmenting the regional industry.

AVX Corporation, Rosenberger Group, Luxshare Precision Industry Co. Ltd., AMETEK Inc., 3M Company, Hon Hai Precision Industry Co. Ltd., Amphenol Corporation, Molex LLC, Aptiv plc, and TE Connectivity are the leading players in North America connector market.