Overview of the global printed circuit board (PCB) connectors market

Market research analysts at Technavio predict that the global PCB connectors market will grow steadily during the next four years and post an impressive revenue of more than USD 22 billion by 2021. This market research analysis identifies the miniaturization of electronic devices as one of the primary growth factors for the growth of PCB connectors market. Though introduced primarily in the aerospace industry, factors such as the need for smaller assemblies in specific applications and the need to reduce material costs have led to the usage of miniaturized devices in the defense, medical, and consumer electronics sectors as well. This demand for reliable and compact electronic devices will in turn, increase the demand for miniaturized and reliable PCB connectors, subsequently driving the growth of the market.

The introduction of stringent carbon emission and fuel economy standards will drive the demand for emission sensors and infotainment systems, which will, in turn, increase the need for automotive connectors. Additionally, the growing safety concerns among consumers will also increase the demand for advanced systems including advanced driver assistance systems (ADAS), on-board diagnostic systems, infotainment systems, and electronic transmission, which demand the need for automotive connectors for proper functioning. Moreover, the use of connector technologies can also help automotive manufacturers facilitate space-saving and reduce the overall cost of automotive electronic systems, consequently propelling market growth.

Competitive landscape and key vendors

The market is considered by the presence of a considerable number of PCB connector manufacturers. The well-established international vendors dominate the market and are increasingly concentrating on M&A to increase market shares and enhance their product portfolios. The market also consists of a number of smaller companies who concentrate on certain products or regions. These connector manufacturers concentrate on integrating advanced technology for particular products and also offer products at competitive prices, posing a stiff challenge to the international vendors. With vendors increasingly concentrating on enhancing their product portfolios through M&A strategies, the competitive environment among the market players will intensify in the coming years.

The leading vendors in the market are -

• Amphenol
• Hon Hai/ Foxconn
• Molex
• TE Connectivity

Other prominent vendors in the market are 3M, ABB, HARTING Technology Group, Hirose Electric, JAE, METZ CONNECT, Phoenix Contact, and Rosenberger.

Segmentation by end-user and analysis of the PCB connectors market

• Telecom/Datacom
• Industrial/instrumentation/medical
• Computers and peripherals
• Automotive
• Aerospace/defense

During 2016, the telecom/datacom segment accounted for the major shares and dominated this market. The expansion of the telecommunication industry and the rapid increase in Internet traffic will be the major factors driving market growth in this segment. Additionally, the rise in construction of data centers and the and increasing smartphone penetration, will also fuel the growth of the market in the coming years. 

Geographical segmentation and analysis of the PCB connectors market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographical regions, APAC was the major revenue contributor to the market during 2016. Analysts predict that due to factors such as the growth of the major end-user segments such as telecommunications, consumer electronics, and automotive industries and the increased application of connectors in the defense and medical sectors, the region will continue to dominate the market throughout the predicted period as well.  

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global PCB connectors market?
• What are the key market trends impacting the growth of the global PCB connectors market?
• What are the challenges to market growth?
• Who are the key vendors in the global PCB connectors market?
• What are the market opportunities and threats faced by the vendors in the global PCB connectors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global PCB connectors market?

Technavio also offers customization on reports based on specific client requirement.

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