The global industrial connector market is projected to reach $8.7 billion by 2028, at a CAGR of 6.8% during 2023-2028. The growth of industrial connector market is driven by improving world GDP, rapid industrialization, and increasing use of more advanced technologies such as industrial automation and robotics.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the industrial connector market by end use (factory automation and machinery, construction and civil engineering, and energy), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the industrial connector market?
Q.4 What are some changing demands of customers in the industrial connector market?
Q.5 What are the new developments in the industrial connector market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this industrial connector area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this industrial connector market?
Based on end use, the industrial connector market is segmented into the factory automation and machinery, construction and civil engineering, and energy. The factory automation and machinery segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing demand of smart factories and increasing trend of IOT and automation technologies in industries.
APAC will remain the largest region due to the high presence of large number of players and increasing adoption of automation technologies in various industries in the region.
Key Players in the industrial connector market are Molex, TE Connectivity, Amphenol, Aptiv, JST Mfg, Hirose Electric, Rosenberger, Harting Technology, Foxconn.
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