A circular connector is a type of electrical connector that has a cylindrical housing and contacts that are arranged in a circular pattern. Circular connectors are used in a variety of applications, including industrial, military, and medical. The surging demand for miniaturized connectors, increasing demand for high-speed data transmission, expansion of the renewable energy sector, and high demand for circular connectors in the automotive industry are driving the market growth during the estimated period. Additionally, the circular connectors market is expected to increase due to the widespread use of data connectors in the telecommunications industry to transport data and provide telephone communication services around the widespread use of data connectors in the telecommunications industry around the globe.
In addition, the rising inclination towards industrial automation is acting as a catalyzing factor for market growth across the globe. The growing adoption of industrial automation in sectors such as manufacturing, automotive, and aerospace drives the demand for circular connectors. These connectors provide reliable electrical connections in automated systems, enabling the transfer of power, signals, and data between components and machinery. As per Statista, in 2020, the industrial automation market accounted for USD 175 billion, which is anticipated to reach USD 265 billion by the year 2025. Hence, these aforementioned factors are fueling the growth of the Circular Connectors Market during the estimated period. Moreover, the increasing technological advancements and miniaturization, as well as the growing need for connectors for better and secure connectivity present various lucrative opportunities over the forecasting years. However, the increased penetration of low-quality products and the lack of awareness are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Circular Connectors Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing investment in research and development activities and the presence of leading market companies. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The growing trend of industrial automation, the increasing need for reliable and secure connectivity, and growth in the transportation and renewable energy sector are significantly propelling the market demand across the region.
Major market players included in this report are:
- TE Connectivity
- Molex, LLC
- Franz Binder GmbH & Co
- Phoenix Contact
- ITT Inc
- Japan Aviation Electronics Industry, Ltd
- Shenzhen Deren Electronics Co., Ltd.
- Sumitomo Wiring System
- Delphi
- Jonhon
Recent Developments in the Market:
- In April 2022, Walmart unveiled the company's new Circular Connector, an online resource created to connect businesses seeking more environmentally friendly packaging solutions with those who can provide them.
Global Circular Connectors Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Hybrid connectors
- Signal connectors
- Data connectors
- Power connectors
By Application:
- Military
- Transportation
- Industrial
- Residential
- Medical
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Circular Connectors Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Circular Connectors Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Circular Connectors Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Circular Connectors Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Circular Connectors Market Dynamics
- 3.1. Circular Connectors Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Widespread use of data connectors in the telecommunications industry
- 3.1.1.2. Rising inclination towards industrial automation
- 3.1.2. Market Challenges
- 3.1.2.1. Increased penetration of low-quality products
- 3.1.2.2. Lack of awareness
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing technological advancements and miniaturization
- 3.1.3.2. Growing need for connectors for better and secure connectivity
Chapter 4. Global Circular Connectors Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Circular Connectors Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Circular Connectors Market by Type, Performance - Potential Analysis
- 5.3. Global Circular Connectors Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Circular Connectors Market, Sub Segment Analysis
- 5.4.1. Hybrid connectors
- 5.4.2. Signal connectors
- 5.4.3. Data connectors
- 5.4.4. Power connectors
Chapter 6. Global Circular Connectors Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Circular Connectors Market by Application, Performance - Potential Analysis
- 6.3. Global Circular Connectors Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Circular Connectors Market, Sub Segment Analysis
- 6.4.1. Military
- 6.4.2. Transportation
- 6.4.3. Industrial
- 6.4.4. Residential
- 6.4.5. Medical
Chapter 7. Global Circular Connectors Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Circular Connectors Market, Regional Market Snapshot
- 7.4. North America Circular Connectors Market
- 7.4.1. U.S. Circular Connectors Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Circular Connectors Market
- 7.5. Europe Circular Connectors Market Snapshot
- 7.5.1. U.K. Circular Connectors Market
- 7.5.2. Germany Circular Connectors Market
- 7.5.3. France Circular Connectors Market
- 7.5.4. Spain Circular Connectors Market
- 7.5.5. Italy Circular Connectors Market
- 7.5.6. Rest of Europe Circular Connectors Market
- 7.6. Asia-Pacific Circular Connectors Market Snapshot
- 7.6.1. China Circular Connectors Market
- 7.6.2. India Circular Connectors Market
- 7.6.3. Japan Circular Connectors Market
- 7.6.4. Australia Circular Connectors Market
- 7.6.5. South Korea Circular Connectors Market
- 7.6.6. Rest of Asia Pacific Circular Connectors Market
- 7.7. Latin America Circular Connectors Market Snapshot
- 7.7.1. Brazil Circular Connectors Market
- 7.7.2. Mexico Circular Connectors Market
- 7.8. Middle East & Africa Circular Connectors Market
- 7.8.1. Saudi Arabia Circular Connectors Market
- 7.8.2. South Africa Circular Connectors Market
- 7.8.3. Rest of Middle East & Africa Circular Connectors Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. TE Connectivity
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. sRecent Developments
- 8.3.2. Molex, LLC
- 8.3.3. Franz Binder GmbH & Co
- 8.3.4. Phoenix Contact
- 8.3.5. ITT Inc
- 8.3.6. Japan Aviation Electronics Industry, Ltd
- 8.3.7. Shenzhen Deren Electronics Co., Ltd.
- 8.3.8. Sumitomo Wiring System
- 8.3.9. Delphi
- 8.3.10. Jonhon
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption