Europe Connector Market share is anticipated to grow on account of growing application of networking devices coupled with flourishing automotive, telecommunication, and computer networking sectors. Government efforts to reduce the carbon footprint of the respective countries will fuel the deployment of electric vehicles over the conventional automobiles, which in turn will propel the industry growth. Moreover, rapid digitalization favored by the increasing penetration of smart devices will further foster the product demand across the telecommunication industry.
PCB connectors will experience a significant growth owing to soaring demand for reliable semiconductors which are primarily deployed across consumer electronic industry. High convenience, strong overcurrent capability, stable hard connection and user friendly wire bonding & testing are few of the prominent features offered by the PCB connectors influencing its adoption over other alternatives. In addition, the growing usage of automation technology across various sectors including industrial, automotive, and the defense will further drive the installations of PCB connectors thereby proliferating the Europe market statistics.
The connectors are used for several purposes across various applications in the telecommunication industry, which will complement the product adoption in the coming years. Governmental emphasis toward developing 5G infrastructure coupled with a significant growth in number of internet users along with increasing demand for secure & reliable communication will drive the product demand from the telecommunication industry. Additionally, technological advancement and automation of industrial processes will further proliferate the market growth.
Germany connector market is set to witness a robust growth owing to the increasing investment for the industrial infrastructure development around the country. The up surging ITES and datacenter industry across the country has significantly propelled the demand for several networking devices including connectors. Favorable regulatory landscape and the strong economy has further strengthened the industrial and telecom sectors, which in turn is stimulating the demand for the connectors. Additionally, a positive outlook toward the electric automotive sector along with rising concerns for advanced safety systems in vehicles will further drive the connectors market in Germany.
Key industry players in the market are indulging in strategic collaboration with other market participants and raw material suppliers to generate more revenue from the synergy and expand their market share. The companies are readily investing into research & development activities to offer a wider range of products to the end users to gain a bigger customer base. Major industry players operating across the market include TE Connectivity, Amphenol Corporation, Luxshare Precision Industry Co., Molex, Inc., Aptiv PLC, Foxconn Technology Group, Ltd. amongst others.