Global Pluggable Connectors Market – Industry Trends and Forecast to 2029

Global Pluggable Connectors Market, By Product (PCB Connectors, Rectangular I/O Connectors, Circular Connectors, RF Coaxial Connectors and Others), End User (Automobile, Computers, Telecommunication, Industrial, Aerospace & Defence, Consumer Electronics, Transportation and Others) – Industry Trends and Forecast to 2029.

Pluggable Connectors Market Analysis and Size

Connectors are electromechanical devices that connect cables, wires, and hoses to allow electricity to flow smoothly. The global connector industry has seen a significant turnaround in the last decade, owing primarily to the increasing application of various networking devices. The thriving telecommunications, computer networking, and automotive industries have significantly increased global pluggable connectors market demand.

Data Bridge Market Research analyses that the pluggable connectors market was valued at USD 63.78 billion in 2021 and is expected to reach the value of USD 103.98 billion by 2029, at a CAGR of 6.30% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Pluggable Connectors Market Scope and Segmentation

Market Definition

Pluggable connectors are connectors that can be used in a variety of applications. Male and female connectors can be mechanically joined to form an electrical connection, and they are typically made of plastic. These connectors are used to integrate advanced safety and security features such as anti-theft alarms, adaptive cruise control, keyless entry, and auto emergency braking systems with electrical components.

Drivers

• Expansion of automobile technologies is creating market growth

The adoption of highly advanced electronic systems, such as audio controls, driver assistance systems, diagnostic systems, cruise control, and infotainment systems, is expected to drive a strong demand for pluggable connectors in the automotive sector. Furthermore, the growing popularity of electric vehicles is expected to drive market growth. Innovations and design improvements to meet device quality and reliability standards, demand for versatile miniature connectors, the popularity of RoHS - compliant, UL recognised, and IP -rated connectors, and intelligent connectors with EMI/RFI suppression features are some of the significant market trends in the segment. Given the growing demand for connectors that can meet the requirements of modern automobiles, pluggable connectors vendors are increasingly focusing on developing innovative products.

• Growing consumer devices market

The rapidly expanding semiconductor industry has driven the pluggable connectors market demand in recent years. Rising applications for consumer electronics devices such as white goods and brown goods will significantly drive market growth. Furthermore, the increasing use of automation technology across various sectors such as industrial, automotive, and defence will drive pluggable connectors market statistics over the forecast period.

Opportunity

• Device miniaturisation and growing R&D

The factors driving the growth of the global pluggable connectors market are advancements in integrated circuit (IC) technology, rapid globalisation, and rising demand for data boosting technologies. Device miniaturisation and increased R&D investments are opportunities for the global pluggable connectors market.

Restraints

• Strict regulations and growing technical issues

The global pluggable connectors market is being held back by the rapid growth of wireless connections. Strict environmental regulations regarding chemicals used in connectors, as well as technical issues in dealing with increasing bandwidth, are the challenges for the global pluggable connectors market.

This pluggable connectors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pluggable connectors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Pluggable Connectors Market

However, the ongoing COVID-19 pandemic has caused widespread economic disruption in both developed and developing countries around the world. The global economic slowdown, combined with lower GDP of leading economies in the first half of FY2020 due to the pandemic, is expected to stymie industry growth in the medium term. Manufacturing operations will be shut down, and there will be a labour shortage, which will limit the installation of these units. Despite the economic slowdown, the market is expected to improve by the fourth quarter of FY2020, when manufacturing operations resume following the lockdown.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures

Global Pluggable Connectors Market Scope

The pluggable connectors market is segmented on the basis of product and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• PCB Connectors
• Rectangular I/O Connectors
• Circular Connectors
• RF Coaxial Connectors
• Others

End user

• Automobile
• Computers
• Telecommunication
• Industrial
• Aerospace & Defence
• Consumer Electronics
• Transportation
• Others

Pluggable Connectors Market Regional Analysis/Insights

The pluggable connectors market is analysed and market size insights and trends are provided by country, product and end user as referenced above.

The countries covered in the pluggable connectors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific will dominate the pluggable connectors market because of rising industrial automation, Furthermore, consumer electronics demand, rising demand for smart phones, and rapid industrialization are fuelling the region's growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Pluggable Connectors Market Share Analysis

The pluggable connectors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pluggable connectors market.

Some of the major players operating in the pluggable connectors market are:

• ChargePoint, Inc. (U.S.)
• ABB (Switzerland)
• Webasto Thermo & Comfort (Germany)
• Shell International B.V. (Netherlands)
• Schneider Electric (France)
• Groupe Renault (France)
• Phihong USA Corp. (U.S.)
• EV Safe Charge Inc. (U.S.)
• Tesla (U.S.)
• Daimler AG. (Germany)
• Siemens (Germany)
• TE Connectivity (Switzerland)
• Fujikura Ltd. (Japan)
• Sumitomo Corporation (Japan)
• Amphenol Corporation (U.S.)
• DYDEN CORPORATION (Japan)
• Connector-Tech ALS Pty Ltd (Australia)
• SemaConnect Inc. (U.S.)