New Study from StrategyR Highlights a $66.3 Billion Global Market for Connectors by 2026

SAN FRANCISCO, Sept. 15, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Connectors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 19; Released: April 2021
Executive Pool: 4789
Companies: 331 - Players covered include 3M Company; Amphenol Corp.; Aptiv PLC; AVX Corp.; Carlisle Interconnect Technologies; CommScope; DDK Ltd.; Esterline Technologies Corp.; Glenair, Inc.; HARTING Technology Group; Hirose Electric Co., Ltd.; Hon Hai Precision Industry Co., Ltd.; ITT Interconnect Solutions; Japan Aviation Electronics Industry, Ltd.; JST Mfg. Co., Ltd.; Molex; ODU GmbH & Co. KG; Rosenberger Hochfrequenztechnik GmbH & Co. KG; Sumitomo Wiring Systems, Ltd.; TE Connectivity Ltd. ; Weidmuller Interface GmbH & Co. KG; Yazaki Corp. and Others.
Coverage: All major geographies and key segments
Segments: Product Type (PCB Connectors, Rectangular I/O Connectors, Circular Connectors, RF Coaxial Connectors, Other Product Types); Application (Automobile, Computer & Peripheral Products, Telecom, Industrial, Medical, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Connectors Market to Reach $66.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Connectors estimated at US$61 Billion in the year 2020, is projected to reach a revised size of US$66.3 Billion by 2026, growing at a CAGR of 1.3% over the analysis period. PCB Connectors, one of the segments analyzed in the report, is projected to record a 1.5% CAGR and reach US$22 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rectangular I/O Connectors segment is readjusted to a revised 1.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $16.8 Billion in 2021, While China is Forecast to Reach $12.4 Billion by 2026
The Connectors market in the U.S. is estimated at US$16.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.4 Billion by the year 2026 trailing a CAGR of 2.8% over the analysis period. Among the other noteworthy geographic markets is Canada growing at 1% CAGR over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.4% CAGR.

Circular Connectors Segment to Reach US$5.4 Billion by the year 2026
In the global Circular Connectors segment, USA, Canada, Japan, China and Europe will drive the 1.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.7 Billion in the year 2020 will reach a projected size of US$4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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