North America Connector Market size is projected to witness remarkable growth between 2021 and 2027 on account of rapid urbanization and rising demand for smart consumer electronic appliances. Significant expenditures across telecom sector accompanied by robust industrial expansion have simulated the market expansion. Ongoing upgradation & enhancement of specialized devices to withstand extreme temperatures and initiatives toward increase in advanced safety mechanisms in vehicles will strengthen the market outlook.
The COVID- 19 pandemic has created a havoc in the industry in an unprecedented manner. Several countries across the region imposed strict curfews and lockdowns to maintain social distance and decline the number of infected patients. Labor shortages, no manufacturing processes, and ceased distribution sectors were the key factors hampering the industry growth.
The I/O connector market will register substantial gains till 2027, owing to emerging 5G technology, and IoT accompanied by surging demand for high-speed connector systems. These units are majorly installed on back panels of the systems, acting as a path through which the computer system corresponds with peripheral devices, including monitor, keyboard, mouse, and printer, fueling the product deployment. In addition, the increasing applicability of micro connectors, USB Type C and HDMI, for power or data transmission across several electrical appliances will drive the industry landscape.
Growing electrification toward development of EV infrastructure along with rising demand for advanced electrical functionality and safety requirements will boost the demand for connectors across automotive sector. Growing awareness toward eco-friendly mobility has accelerated the demand for electric vehicles. Moreover, escalating expenditure in R&D to introduce advance technologies in line with increasing investments in fiber optics networks will augment the market growth.
The U.S. connector market revenue is poised to observe significant momentum during the forecast period on account on flourishing telecommunication, computer networking and automotive sectors. Favorable government regulations along with robust development across industrial and commercial sector will fuel the product installation. Rising vehicle components production together with growing investments across defense and robotics sectors will complement the market dynamics.
Key players operating across the industry include Aptiv, TE Connectivity, Molex, Hon Hai Precision, Amphenol Corporation, 3M, Rosenberger Group, Luxshare Precision Industry Co., AMETEK, and AVX Corporation. Manufacturers are focusing on product innovations and introduction of advanced technologies through M&A and strategic collaborations to strengthen market share.