“Wire-to-Board Connector Market by Pitch Size (0.8, 1.0, 1.25, 1.27, 2.0, 2.5, 2.54, 3.0, 3.3, 3.96, 5, 7.92, and 10.16), Style (Accessory, Header, Housing, Plug, Receptacle, and Socket), Application, and Geography – Global Forecast to 2022″
The wire-to-board connector market was valued at USD 3.55 Billion in 2015 and is expected to reach USD 4.73 Billion by 2022, at a CAGR of 4.18% between 2016 and 2022.
The wire-to-board connector pitch size market can be segmented into 12 different sizes, varying from 0.8mm to 10.16mm. These connectors are having various applications defined by their pitch size; for instance, 0.8 mm connectors are mostly used in communication (router), IP phone instrumentation industries (office equipment and test and measurement), and so on. 2.54mm pitch size connectors held the largest market size in 2015.
Furthermore, the fastest-growing applications and the major consumers of the wire-to-board connectors are data/telecom and automotive sectors. The increasing number of data centers, in turn, is driving the market. The connectors used in data/telecom sectors would experience a huge growth in the near future as potential that IoT sector holds with a variety of applications.
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The APAC region accounted for the largest share of the total market in 2016 and is also expected to grow at the highest rate between 2016 and 2022. The market in this region is rapidly growing with IoT as a major segment which mainly focuses on the control and process control levels and requires embedded processors at the field level.
Automotive application is expected to lead the market during the forecast period
On the basis of applications, the market is segmented into computer and peripherals, medical, industrial and instrumentation, data/ telecom, automotive, and aerospace and defense. The wire-to-board connector market for the automotive sector is expected to hold the leading position by 2022, owing to increasing application in intelligent transportation systems, automotive electronics, safety systems, and infotainment systems. The market for data/telecom sector is expected to grow at the second-highest growth rate, owing to the increasing usage in handheld communication devices in consumer electronics and industrial measurement.
Asia-Pacific is the major consumer of the wire-to-board connector market
APAC is expected to account for the largest share of the global wire-to-board connector market in 2016. The demand for industrial Internet of Thing is high in the APAC region with special focus on process automation. In countries such as Japan and China where the automobile market has opportunities supported by electric vehicles, the consumption of connectors is high. The APAC region is a huge hub for consumer electronics market which in turn increases the demand for connectors in this region.
The report also profiles the most promising players in the wire-to-board connector market. The key players in this market are TE Connectivity Ltd. (Switzerland), Molex Incorporated (U.S.), Amphenol Corporation (U.S.), Japan Aviation Electronic Industry, Ltd. (Japan), Samtec Inc. (U.S.), C&K Components Inc. (U.S.), Kyocera Corporation (Japan), J.S.T. MFG. CO. LTD. (Japan), Harting Technology Group (Germany), WAGO Holding GmbH (Germany), and Earni Group (Switzerland).
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