The market is expanding because of the rising demand for locomotives. In contemporary railroads and locomotives, railway connectors are used in a variety of settings. Rail connectors may be used in communication, robotics, CCTV (closed-circuit television), air conditioning, lights, windscreen wipers, engines and automatic doors. Additionally, a locomotive needs a lot of connectors for various uses. The size of the fleet is a significant element propelling the market for railway connectors. Additionally, one of the key factors supporting the market growth is the expanding use of ERTMS (European Rail Traffic Management System) for railway traffic management and railway communication. The development of the worldwide railway connectors market is also being driven by governments in various nations launching projects for quicker and safer trains.
The market for railway connections is projected to reach US$ 873.4 Mn in 2022 and is projected to expand at a CAGR of 5.3% from 2022 to 2030.
Top Companies in the Railway Connectors Industry:
1) Molex Inc.
Molex Icc. is a manufacturer of electronic, electrical, and fiber optic connectivity systems. The company offers over 100,000 products across a variety of industries, including data communication, medical, industrial, automotive etc. The company was founded in the year 1938, and the headquarters are located in Lisle, Illinois, United States.
In December 2020, Molex completed the acquisition of Fiberguide, a company that designs, develops and manufactures fiber optic bundles, assemblies, arrays etc.
2) Staubli International
Staubli International is a Swiss mechatronics company, primarily known for its textile machinery, connectors and robotics products. The company was founded in the year 1892, and the headquarters are located in Pfaffikon, Switzerland. The company was founded by Hermann Staubli and Rudolph Schelling. Products manufactured include dobbies, weaving machines, connectors, robots, robot, quick mold change and others.
3) Fischer Connectors
Fischer Connectors is a Swiss multinational company that designs, manufactures and distributes electrical connectors and optical fibre connectors, cable assemblies and electronic and connectivity systems. Fischer Connectors is part of Conextivity Group. Fischer Connectors’ products are used in aerospace, broadcast, defence, energy, food, industrial, instrumentation, marine and others. The company was founded in the year 1954, and the headquarters are located in Saint-Prex, Switzerland.
Since February 2022, Fischer Connectors has been partnering with SP80 to provide connectivity solutions supporting the transmission of sensor data for the wind-powered boat setting out to reach the sailing speed of 80 knots.
4) TE Connectivity
TE Connectivity is an American Swiss-domiciled technology company that designs and manufactures connectors and sensors for several industries, such as automotive, industrial equipment, data communication systems, aerospace, defence, medical, oil and gas, consumer electronics and energy. The company was founded in the year 2007, and the headquarters are located in Schaffhausen, Switzerland.
As of July 2022, TE Connectivity has completed the acquisition of Linx Technologies, a leading RF components supplier in loT markets.
5) Smiths Interconnect
Smith’s Interconnect is a leading provider of Technology Company. The company designs and manufactures electronic components, subsystems, microwave and radio frequency products that connect, protect and control critical systems in the defence, aerospace, communications and industrial markets. The company was founded in the year 1851, and the headquarters are located in Los Angeles.
6) TT Electronics Plc.
TT Electronics Plc. is a global manufacturer of electronic components and provider of manufacturing services. The company engineers and manufactures sensors, power modules, resistors, magnetics, semiconductors, connectors and optoelectronics for the industrial, aerospace and defence, medical and transportation markets. TT Electronics was founded in the year 1988, and the headquarters are located in Woking, England.
As of September 2020, TT Electronics completed the acquisition of Torotel, a leading provider of custom magnetic products.
7) HUBER+SUNHER AG,
HUBER+SUNHER AG is a Swiss company that develops and produces components and system solutions for electrical and optical connection technology. With cables, connectors and systems – developed from the three core technologies of radio frequency, fibre optics and low frequency. The company was founded in the year 1864, and the headquarters are located in Herisau.
As of October 2022, the company completed the acquisition of Phoenix Dynamics Ltd, a provider of customised assembled cable solutions, concept design and consulting for the industrial markets in Europe.
Definition: Railway connectors are tools that are employed for data and signal transfer along passenger rolling stock, including signalling systems, power transmission, brake and control systems and others. As a crucial component, railway connections must be carefully chosen in accordance with the application's technical requirements.
