Connector market is anticipated to grow at a CAGR of 6.48% during the forecast period (2024-2031). A connector is a device that joins two pieces of equipment, wire, or piping together. The growing demand for strong connectivity in expanding digital landscape is a key factor driving the global connector market.
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Beyond the realm of technological advancements, the global connector market is also significantly influenced by evolving industry trends. One such trend is the relentless miniaturization of electronic devices across various sectors. This miniaturization, evident in consumer electronics, medical devices, and even industrial equipment, necessitates a new generation of connectors that are smaller and more intricate. These connectors must be able to fulfill the same functionalities within a condensed space, allowing for compact and efficient device design.For instance, in March 2024, MacArtney launched SubConn Nano. Expanding upon the widely acclaimed SubConn design, the space- and weight-saving æ12.7 mm SubConn Nano is a compact and multifunctional device designed to satisfy consumer demands. With its strong and adaptable performance, this innovative Nano connector is ideal for a wide range of applications and the increasingly small designs of underwater instruments, equipment, and systems.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Contactless Connector Market Report Segment
By Product Type
- NFC connectors
- RFID connectors
- Wireless charging connectors
- Wireless Data Transfer Connectors
- Infrared Wireless Connections
By Mode Of Operation
- Full-duplex Connectivity
- Half-Duplex Connectivity
- Simplex Connectivity
By Industry Vertical
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
Global Contactless Connector Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global connector market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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