U.S., Japan & Germany Precision Connector MarketSize and Trends

U.S. held dominant position in the U.S., Japan & Germany Precision Connector Market in 2020

Statistics:

U.S. held dominant position in the U.S., Japan & Germany Precision Connector Market in 2020 accounting for 56.0% share in terms of value.

Figure 1: U.S., Japan & Germany Precision Connector Market Share (%), By Region, 2020

Market was valued at US$ 763.5 Mn in 2020 and is expected to reach US$ 1,536.7 Mn by 2028 at a CAGR of 9.6% between 2021 and 2028.

1.85 mm type segment is expected to drive the highest market growth during the forecast period

On the basis of type, the U.S., Japan & Germany Precision Connector Market is segmented into 3.5 mm, 2.92 mm, 2.4 mm, 1.85 mm, and 1 mm.

1.85 mm segment is expected to be valued at US$ 298.2 million by 2028 from US$ 135.8 million in 2020, exhibiting a CAGR of 10.8% over the forecast period (2021-2028)

Figure 2: U.S., Japan & Germany Precision Connector Market Value (US$ Mn) Analysis and Forecast, 2017 - 2028

The continuous advancement in the communication technologies is rapidly boosting the growth of the Japan precision connector market. According to Worldwide Market

Market- Trends

The precision connectors are typically intended for very high frequency RF, i.e. microwave interconnections. Precision connectors are widely used in the applications such as telecommunication, military and aerospace, medical, test and measurement, automotive, industrial, and others.

The rising adoption of advanced internet and communication technology is driving the market growth. Precision connectors have huge demand in 5G computing and networking modems. Therefore, the growing demand for 5G-based devices is expected to propel growth of the precision connector market. Also, the rising demand for high performance connectors in various sectors is one of the primary factors, which is expected to drive growth of the market.

The increasing use of precision connectors in various sectors such as telecommunication, industrial, military, aerospace & defence, automotive, electronic, and others, where high performance is required and which is possible with the use of high speed, compact, and high power connectors.

The precision connectors are used in wide range of applications such as instrumentation, active and passive components, and machine-to-machine (M2M) connections, Internet of Things (IoT), 5G wireless infrastructure, embedded computing, precision thin substrate mounting, high speed PCB (Printed Circuit Board) materials, test and measurement, stripline, microstrip, coplanar waveguide PCB launch, and many other applications. For instance, in medical industry lightweight, compact and high density connectors are used to connect with sensors, handle high signal speeds, and encounter frequent mating cycles and sterilization. Furthermore, in medical industry, precision connectors are used for medical devices and instruments, which include inhalation dental care treatment units, mobile X-ray devices, MRI machines, clinic communication systems, intraoral camera systems, devices for respiratory therapy, fetal heart rate monitors, handheld pulse oximeters, cardiac assist devices, and disposable equipment. There are various market players, which offers precision connectors for medical sector such as Fischer Connectors SA, ODU-USA, Inc., Mouser Electronics, Inc., Rosenberger Hochfrequenztechnik GmbH & Co. KG, and others.

Therefore, growing demand for high performance connectors in various sectors is one of the primary factors, which is expected to drive growth of the U.S., Japan, and Germany precision connector market

Furthermore, many key players in the market are offering precise connector for various applications. For instance, on June 1, 2021, Sumitomo Electric Industries, Ltd., a Japan-based company announced to launch AirEB, a multi-fiber connector. The precision modelling of the connector will provide excellent performance in harsh environment.