Lucintel Anticipates Global Connector Industry to Reach $65.7 Billion by 2019

Irving, TX, May 28, 2014 –(– The global connector industry is expected to reach an estimated value of $65.7 billion by 2019. The major drivers of connector industry are growing 3C applications (computing, communication, and consumer electronics), miniaturization of electronic devices, and increasing electronic content in devices. Rapid technological advancement has encouraged the demand for compact and reliable electronic devices. Products which provide convenient and better connectivity along with high speed are in demand that will drive the connector industry.

Lucintel, a leading global management consulting and market research firm, has analyzed the global connector industry by segments and region, and has come up with a comprehensive research report “The Global Connector Industry 2014-2019: Trend, Profit, and Forecast Analysis.” This report provides an analysis of the global connector industry including analysis of the market trend, the competitive landscape, company profiles, mergers and acquisitions, emerging trends, and key drivers of industry growth. The study also includes global trends and forecasts for connectors through 2019, segmented by four regions and by applications such as transportation, consumer electronics, computer and peripherals, industrial, telecom/datacom, and others (aerospace, defense, business and office equipment, medical equipment, etc.).

On the basis of its comprehensive research, Lucintel forecasts that connector industry will grow significantly during 2014-2019. Consumer electronics and industrial connector segment will witness strong growth during the forecast period. Increasing internet traffic, development of high density, and micro miniature technologies are the major driving factors for these segments. Research and development activities have become an indispensable part of the manufacturer’s strategy for this industry growth. Growing consumer demand forced the market towards quality upgradation of electronic products. TE Connectivity Ltd., Amphenol Corporation, Hon Hai Precision Industry Co. Ltd., Hirose Electric Co. Ltd., and Delphi Connection Systems are among the major suppliers of connectors for different applications. Rapid technological advancement has encouraged the demand for compact and reliable electronic devices. As weight and cost savings have become essential for high-reliability products, connector manufacturers are focusing on developing smaller, lighter, and higher-power connectors. Regular innovation of products is very important for companies to sustain their successful position in the market.

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