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Industrial Connector Market Trends

Report ID: GMI10248
Published Date: Jul 2024
Report Format: PDF

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Industrial Connector Market Trends

Increasing demand for waterproof and rugged connectors along with advancements in materials and manufacturing techniques is spurring the product deployment. Industries such as marine, military, and outdoor applications require connectors that can withstand harsh environments, including water, dust, and extreme temperatures are few of the prime industries adopters. In addition, Innovations in materials science are leading to connectors that offer better performance, durability, and reliability. Advanced manufacturing techniques like 3D printing are enabling rapid prototyping and customization of connectors.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of industrial connector was reached USD 7.8 billion in 2023 and is expected to register 3.3% CAGR from 2024 to 2032, owing to the rapid adoption of IoT integration across industries along with shifting focus towards miniaturization & high-speed connectivity requirement worldwide.

Industrial connector industry from the fiber optics connector segment is expected to register over 3.2% CAGR from 2024 to 2032, due to their ability to enhance data transmission speeds while minimizing electromagnetic interference.

Asia Pacific industrial connector industry is expected to reach over USD 6.2 billion by 2032, due to rising industrialization, infrastructure development, and technological advancements across various sectors in the region.

3M, Japan Aviation Electronics Industry, Ltd., Lapp Group, Luxshare Precision Industry Co., Ltd., Mencom Corporation, Molex, Inc., Phoenix Contact, Rosenberger Group, TE Connectivity, and YAZAKI Corporation, are some of the major industrial connector companies worldwide.