Zion Market Research, the market research group announced the analysis report titled ‘Wire-to-Board Connector Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Wire-to-Board Connector Market: Overview
Wire-to-board connectors are usually routed to a power source and used in order to connect with the printed circuit boards. They are widely used in various applications such as home appliances, electronic goods, and connected devices. Based on the device requirement, wire-to-board connectors come in various pitches that support different technologies. Compact wire-to-board connectors are highly preferred in the automotive industry. Miniaturization in these connectors has heavily influenced to the electronics industries.
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Global Wire-to-Board Connector Market: Growth Factors
The proliferation of low-cost communication technologies gives momentum to the global wire-to-board connector market growth in the near future. The emergence of IoT technology is anticipated to fuel the global market growth in the future. Some of the major factors of the global market are high-end computing servers, connected consumer devices, and elevated applications of various communication technologies. Increasing demand for the high-bandwidth and high-speed connectivity is the crucial factor fuelling the growth of the market. In addition, the emergence of secure data transmission and sophistication of connected home appliances may drive the global wire-to-board connector market growth in the near future. Miniaturization of devices and growing demand for compact wire-to-board connectors in the automotive industry may open up new growth opportunities across the world. Moreover, application of the HVAC system technology in the residential buildings for washing machines, air conditioners, refrigerator, stoves, and heaters has created a major for wire-to-board connectors globally. Furthermore, growth in the power consumption due to large-scale digitization globally may propel the demand for energy-efficient connectors. Affordable prices of power banks drive the demand for smartphone and tablet, which in turn may positively enhance the global market in the future. However, the advent of wireless communication technologies and poor quality of power bank may restrain the growth of the global wire-to-board connector market to some extent.
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Global Wire-to-Board Connector Market: Segmentation
The global wire-to-board connector market is categorized based on pitch size as 0.8mm, 2.0mm, 1.0mm, 1.25mm, 1.27mm, 2.5mm, 2.54mm, 3.3mm, 3.96mm, 5.0mm, 7.92mm, and 10.16mm. Based on the style, the global market is fragmented as a receptacle, header, housing, accessory, socket, and plug. Moreover, the global wire-to-board connector market is classified on the basis of application as data/telecom, computer and peripherals, aerospace and defense, medical, industrial and instrumentation, automotive, and others.
Global Wire-to-Board Connector Market: Regional Analysis
Asia Pacific is a dominant player in the global wire-to-board connector market and may open immense growth opportunities in the near future. Industrial network in China is propelling the global market growth. In addition, the emergence of industrial IoT in developing economies is the key factor driving the global wire-to-board connector market growth. North America is another region growing at considerable rate due to the launch of high-end products and advancements in communication technology that contributed to the major market share.
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Global Wire-to-Board Connector Market: Competitive Players
Major Prominent players in the global wire-to-board connector market are Amphenol Corporation, J.S.T. Mfg. Co., Ltd., TE Connectivity, Harting Technology Group, Samtec, Inc., Molex Incorporated, Japan Aviation Electronic Industry C&K Components, Inc., and Kyocera Corp.
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