According to a new report, published by KBV research, The Global Connector Market size is expected to reach $131 billion by 2029, rising at a market growth of 7.1% CAGR during the forecast period.
The RF Coaxial Connectors segment is showcasing a CAGR of 6.8% during (2023 - 2029). The segment is growing due to the numerous benefits of RF connectors. RF coaxial connectors have low signal loss, which means they can transmit signals over longer distances without significant degradation. These connectors can operate at high frequencies, making them suitable for use in applications such as wireless communications, radar, and microwave systems. RF coaxial connectors are easy to install and remove, making them ideal for situations where connections need to be changed frequently.
The Telecom segment is leading the Global Connector Market by End User in 2022 thereby, achieving a market value of $36 billion by 2029. The usage of connectors in the telecom sector speeds up the long-distance electronic or electrical transmission of enormous amounts of data. Due to the growing need for internet access and connection, the telecom sector is predicted to expand. The market will grow significantly as attention turns to the construction of 5G infrastructure, which will be fueled by a significant increase in Internet usage and a rising need for secure and dependable communication.
The Asia Pacific market dominated the Global Connector Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $51.2 billion by 2029. The Europe market is poised to grow at a CAGR of 6.9% during (2023 - 2029). Additionally, The North America market would witness a CAGR of 6.4% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/connector-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 3M Company, ABB Ltd, Ametek, Inc., Aptiv PLC, Amphenol Corporation (Amphenol RF), Huawei Technologies Co. Ltd., Koch Industries, Inc. (Molex LLC), Nexans SA, Prysmian Group, and TE Connectivity Ltd.
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Companies Profiled
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