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Asia Pacific Connector Market to Dominate Worldwide by 2026

Author : Ronak Bora | Published Date : 2021-01-16 

Although the onslaught of COVID-19 has taken every sector by surprise, the Asia Pacific connector market has been standing its ground, thanks to the increased deployment of these electronic components across innumerable applications. Be it the automotive, industrial, or transportation sectors, connectors reign supreme due to their versatility and robustness.  The Asia Pacific connector market is expected to demonstrate ample growth between 2020 and 2026, featuring a high CAGR during the timeframe.

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The top four trends fostering the Asia Pacific connector market outlook are:

Boom in telecom to furnish significant growth opportunities

Telecom operators have become more relevant than ever, connecting families, sustaining businesses and educational institutes. The Work from Home (WFH) culture is now mainstream, and the ensuring of consistent workflow of both the private and the public sector has become a primary responsibility of telecom providers.  

The propagation of Internet of Things (IoT), artificial intelligence (AI), communication service providers (CSPs), and 5G technology across the region, alongside the recent developments pertaining to them, are anticipated to strengthen the Asia Pacific connector market dynamics. For instance, in September 2020, Japan witnessed the introduction of its premier 5G OpenRAN service, at a competitive price which is nearly 71% cheaper than other 5G services.  

Circular connectors to elevate demand further

The structure of circular cables is not only highly flexible but also compact. A growing preference for ultra-thin connectors can be observed in the market, and with this, the Asia Pacific connector market is set to reap the financial rewards. Hybrid interfaces such as circular connectors ensure simpler handling, saving considerable time and preventing errors. Moreover, they ensure higher quality, quantity, and throughput of data  without interference, with a transmission rate ranging between 10Mb/s u to 10 Gb/s. Thus, used for both signal and power transmission, circular connectors are witnessing amplified demand even during the pandemic, promising a better picture in the post-COVID times for the Asia Pacific connector market.  

Medical electronic equipment to support growth due to latest technological advancements

When it’s about saving a life, reliable and efficient connectivity is extremely crucial. To that end, diagnostic devices, cardiac assist devices, therapy applications, electro surgical instruments, disposable instruments and other kinds of medical electronic equipment have been deploying connectors. With the rolling out of highly ambitious healthcare plans by the governments of countries such as India, Singapore, and Thailand, the Asia Pacific connector market is expected to witness a positive transformation.

As the healthcare sector in Asia Pacific is shifting to digitalization and a patient-centered approach, the need to upgrade as per the latest trends in IoT, AI, 3D printing, and gene therapy is likely to boost the Asia Pacific connector market dynamics.

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China projected to be the prominent contributor due to its strong automotive sector

China has been maintaining its leading position in the worldwide automotive market, with its annual vehicle production accounting for more than 30% of the total global vehicle production in 2018, which surpasses the combined output of the US and European markets. Whether it is connection of individual wires or protection of the existing cables and wires, connectors cater to the requirements of automobiles, boats, and industrial equipment.

Since the boards, chips, and components need to be connected in some manner, connectors are fundamental to all kinds of computing platforms and electronic systems. From power generation to smart phones, and medical devices to aerospace, the ubiquitous deployment of connectors has been reinforcing the demand for a variety of connectors, compelling industry players to offer high bandwidth connectors, thereby taking the Asia Pacific connector market growth up a notch.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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