According to the Graphical Research new growth forecast report titled “Europe Connector Market Size By Products (PCB Connectors, IO Connectors, Circular Connectors, Fiber Optic Connectors, RF Coaxial Connectors, Others), By End Use (Telecom, Transportation, Automotive, Industrial, Computer & Peripherals, Others)”, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026
Europe Connector Market is set to witness a significant growth on account of growing investment across the telecom sector in the region. A paradigm shift toward the digitalization of industries will propel the installation of high speed data transmission connectors. Surging fiber optics deployment coupled with soaring requirement for network bandwidth will propel the product penetration. In addition, increasing use of connectors in interior, engine control, cooling systems and emission control in several automobiles will stimulate the industry growth. Growing consumer base along with booming service sector industry will further drive the demand for high-speed data services, thereby expanding the usage of connectors.
Radio frequency coaxial connector market will witness substantial growth on account of its growing application across broadcast, wireless communications and bluetooth devices. The rising demand for high speed data transmission, through various smart devices will drive the demand for RF coaxial connectors across the region. Moreover, the soaring demand for connectors with easy & rapid connect and disconnect features will further proliferate the industry outlook during the forecast timeline.
Europe connector market will witness a noteworthy growth from transportation sector on account of wide adoption across aerospace, railways, and several logistics applications. The growing demand for connectors with high mechanical properties including tensile strength and resistivity to achieve higher operational efficiency will drive business growth in the transportation market. In addition, the digital transformation of several manufacturing industries will create considerable demand for connectors across the region. The rise in automation and digitalization across transportation facilities will drive the deployment of high capacity connectors.
Growing concerns toward climatic conditions and GHG emissions across the UK has fueled the deployment of Electric vehicle in the nation which in turn is augmenting connector market growth. Growing disposable income coupled with rising penetration of consumer electronics and smart devices will positively boost the market statistics during the forecast period. Moreover, deployment of new automation technologies to achieve higher efficiency will further fuel the requirement of the connectors across the country.
Known producers in the Europe connector market are investing in research & development activities to offer product distinction on account of differential aesthetics and design to attain a competitive advantage over other manufacturers. Key participants in the industry include Amphenol Corporation, TE Connectivity, Molex, Inc., Luxshare Precision Industry Co., Foxconn Technology Group, Ltd., and Aptiv PLC, amongst others.