The Game-Changing Strategies, Offerings & Trends Behind An Amazing New Wire to Board Connector Market 2022

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 Game-Changing Strategies, Offerings  & Trends Behind An Amazing New Wire to Board Connector Market 2022 1

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 most significant factor driving the wire-to-board connector market is the increasing penetration of consumer electronics and automotive infotainment systems. Growing demand for smartphones and other connecting devices as well as adoption of automation in industrial instrumentation are also the factors driving the growth of the wire-to-board connector market.

The receptacle style connector, though expected to grow at a low rate compared to few other connector styles, is expected to account for the largest share of the wire-to-board connector market in 2016.

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This is mainly because these connectors are perfect for major applications such as mobiles, scanners, bar code readers, portable music equipment, mobile computing, navigation and GPS equipment, handheld printers, handheld medical equipment, self-diagnostic equipment, consumer payment and transaction terminals, automotive diagnostic equipment and other handheld devices. These connectors also have its application in major industries such as food and beverages, chemical, transportation, and water treatment plant.

New product launches is the key strategy adopted by the players to achieve growth and to stay competitive in the wire-to-board connector market, which accounted for a share of ~75% among all the growth strategies. The rising demand for fast communication between the devices and miniaturizing of the electronic systems encouraged companies to adopt this strategy. Besides this, acquisitions and agreements are also followed to strengthen their market share and position in the overall wire-to-board connector market globally.

Molex Incorporated (U.S.) has a strong presence in the wire-to-board connector market. The company’s core strategy is to get into strategic acquisitions to expand its market in the field of automation, robotics, and other industrial applications. For instance, Molex Corporation acquired Westec s.r.l (Italy) that offered Molex an access in the heavy-duty connector market. Another important strategy the company accepted is new product developments to grow in an organic fashion. For instance, Molex, in 2015, introduced Super Sabre Power Cconnector System used for high current applications such as automotive, appliance, medical, industrial control industries and datacom.

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Author: Mauli Naikude

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