The global connectors market is expected to grow at a CAGR of over 4% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.
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Technavio has announced its latest market research report titled Global Connectors Market 2020-2024 (Graphic: Business Wire)
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Technological advances and increased R&D efforts have led to a significant reduction in the size of electronic devices over the years. In addition, the increasing price of raw materials and the rising need for smaller assemblies in certain applications have also led to the miniaturization of electronic devices. This trend has compelled market vendors to invest in R&D activities to offer connectors for a wide range of miniature electronic devices. These factors are influencing the growth of the global cables and connectors market.
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Cables and Connectors Market: COVID-19 Impact Analysis on Parent Market
The global electrical components and equipment market is the parent market of the connectors market. Within its scope, the electrical components and equipment market covers companies engaged in the manufacture of electric cables and wires, electrical components, and electrical equipment. Our report on the connectors market offers a holistic analysis including market size and forecast, trends, growth drivers, and challenges, on several large and small vendors active in the market including 3M Co., ABB Ltd., Amphenol Corp., Aptiv Plc, Belden Inc., and others.
Technavio's research report on the cables and connectors market identifies the key drivers, trends, challenges, and the market scenario over the forecast period. The report also analyzes the impact of these factors on the overall electrical components and equipment market.
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Cables and Connectors Market: Segmentation Analysis
The cables and connectors market has been analyzed across various segments to identify market dynamics, developments, and key growth areas during the forecast period. The report also offers insights on high growth regions and opportunities for vendors operating in each sub-segment of the cables and connectors market. The market is segmented as follows:
Type
- Automation and control solution
- Electrical devices and electrical distribution and protection equipment
- Data capture systems
- Process safety systems
- HVAC systems and components
- Building management systems
- Portable generators
- Water heaters and accessories
-
Wires, cables, and accessories
Distribution channel
- Contractors and consultants
- Authorized dealers/distributors
- System integrators
- Machine builders
- Direct to customer
Geography
- North America (NA)
- South America (SA)
- Europe
- Asia Pacific (APAC)
- The Middle East and Africa (MEA)
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Vendor Landscape
Technavio's industry coverage utilizes various sources and tools to gather information about multiple stakeholders and their offerings toward the cables and connectors market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the electrical components and equipment market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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