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Based on product type the market is categorized by PCB connectors, IO connectors, circular connectors, fiber optic connectors, RF coaxial connectors, and others. PCB connectors is expected to cross over USD 10 billion by 2032. The increasing applications for consumer electronics devices will significantly boost product adoption. Furthermore, the expanding use of automation technology across sectors such as industrial, automotive, and defence will drive the installation of PCB connectors over the forecast period. Additionally, reliability and maximum data transmission rates are critical factors enhancing the adoption of connectors in modern data canters.
The telecom segment is predicted to witness more than 5.5% CAGR through 2032. The versatility of connectors is evident in their wide range of industrial applications, serving numerous purposes. Telecom connectors are employed to improve the transmission rate of large data volumes via electronic or electrical means over long distances. The growing focus on developing 5G infrastructure coupled with a significant increase in internet usage and the rising demand for secure and reliable communication will drive product demand.
China connector market is projected to surpass USD 29.5 billion by 2032. The China connector market is poised for significant growth supported by technological advancements, expanding industries, and increased investments across various sectors. In addition, the rising consumer demand for electronic devices such as smartphones, tablets, and home appliances are propelling the need for connectors, which are integral to these products, thereby boosting the market growth.
Increased foreign direct investment (FDI) in the IT and telecommunications sectors is fostering market growth in countries including India, as these investments enhance infrastructure development and technological advancements. In addition, increased foreign direct investment (FDI) in the IT and telecommunications sectors is fostering market growth, as these investments enhance infrastructure development and technological advancements.