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Wire Connectors Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 307 | Report ID: MRS1061


Report Description

The global Wire Connectors market size is estimated at USD 330.8 million in 2020, expanding at a CAGR of 7.1% from 2021-2027 to reach 580.1 million USD in 2027.

Market Dynamics

The wire Connectors market is expected to witness substantial growth over the forecast period. Increasing wire connectors application across consumer electronics and industrial automation is boosting the market growth. Wire connectors are equipment used for connecting two or more wires together. These wires are removable or temporary. In addition, these wires also allow flexibility and modification in the design of electrical circuits. Wire connectors are present in different sizes depending on the wire gauges and the number of wires connected. These wires are extensively utilized for various applications including high-speed digital communication, satellite communication equipment (SATCOM), instrumentation, cable assemblies, Internet of Things (IoT), test and measurement, 5G wireless infrastructure, embedded computing, smart cities & agriculture, and precision thin substrate mounting.

In addition, the rising industrialization across developing countries is increasing the adoption of wire connectors. Additionally, increasing demand for delivering higher bandwidth internet & reduction in loss of signal strength are some of the key factors impacting the market growth. Moreover, the rising demand for networks and infrastructure required to transmit power is also increasing, which, in turn, is anticipated to spur market growth.

North America is estimated to dominate the global market. The rising demand for wire connectors from the industrial sector and aerospace industry is boosting the market growth Europe is projected to propel at a significant rate over the forecast period. The increasing demand for wire connectors, cables from various applications such as satellite communication, 5G wireless network is contributing to market growth. Further, Asia Pacific is expected to hold a significant amount of market share.

The Wire Connectors market is fragmented into type and applications segments. Based on type, the twist-on type segment is anticipated to dominate the market. By application, the consumer electronics segment is projected to grow at the highest CAGR during the forecast period.

The Wire Connectors market is reasonably competitive in nature with the presence of local & international players. Key players in the industry indulge in strategic mergers & acquisitions, partnerships, and new product launches to strengthen their position in the market.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Wire Connectors by type, region and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Amphenol Corporation
  • AVX Corporation
  • Omron Corporation
  • [Harting Technology Group
  • JST (UK) Ltd.
  • Kyocera Corporation
  • Molex, LLC.
  • RS Components
  • TE Connectivity
  • Texas Instruments

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Twist-On
  • Push-In
  • Crimp-On

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Consumer Electronics
  • Automotive
  • Industrial Automation
  • Communication
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Wire Connectors market size is estimated at USD 330.8 million in 2020, expanding at a CAGR 7.1% from 2021-2027 to reach 580.1 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

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