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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Precision connectors are mainly used in measurement applications, or where exceedingly high performance is required. The precision connectors are typically intended for very high frequency RF, i.e. microwave interconnections. Precision connectors are widely used in the applications such as telecommunication, military and aerospace, medical, test and measurement, automotive, industrial, and others.

The rising adoption of advanced internet and communication technology is driving the market growth. Precision connectors have huge demand in 5G computing and networking modems. Therefore, the growing demand for 5G-based devices is expected to propel growth of the precision connector market. Also, the rising demand for high performance connectors in various sectors is one of the primary factors, which is expected to drive growth of the market.

The increasing use of precision connectors in various sectors such as telecommunication, industrial, military, aerospace & defence, automotive, electronic, and others, where high performance is required and which is  possible with the use of high speed, compact, and high power connectors.

The precision connectors are used in wide range of applications such as instrumentation, active and passive components, and machine-to-machine (M2M) connections, Internet of Things (IoT), 5G wireless infrastructure, embedded computing, precision thin substrate mounting, high speed PCB (Printed Circuit Board) materials, test and measurement, stripline, microstrip, coplanar waveguide PCB launch, and many other applications. For instance, in medical industry lightweight, compact and high density connectors are used to connect with sensors, handle high signal speeds, and encounter frequent mating cycles and sterilization. Furthermore, in medical industry, precision connectors are used for medical devices and instruments, which include inhalation dental care treatment units, mobile X-ray devices, MRI machines, clinic communication systems, intraoral camera systems, devices for respiratory therapy, fetal heart rate monitors, handheld pulse oximeters, cardiac assist devices, and disposable equipment. There are various market players, which offers precision connectors for medical sector such as Fischer Connectors SA, ODU-USA, Inc., Mouser Electronics, Inc., Rosenberger Hochfrequenztechnik GmbH & Co. KG , and others.

Therefore, growing demand for high performance connectors in various sectors is one of the primary factors, which is expected to drive growth of the U.S., Japan, and Germany precision connector market

U.S., Japan & Germany Precision Connector Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including automotive, medical & healthcare, consumer electronics, clothing & textile, food & beverage, automation, manufacturing, aerospace & defense, oil & gas, construction, semiconductor, agriculture, and others. Liquidity shortfall, cash crunch, and others are factors restraining the growth of various sectors during COVID-19 pandemic.

The precision connector market was affected, as many key players in the market had to temporarily closedown in order to safeguard health of their employees. Furthermore, on the supply chain side, unavailability of raw materials for manufacturing of components due to complete lockdown is a major restraint for the growth of the market. Due to delay in supply of raw materials and components, the manufacturing companies were unable to deliver the products in the market. Therefore, precision connector market is affected by the pandemic. As governments are opening in phases in many countries, production is resuming, however, companies are still working with partial employees on the shop floor and remaining from home. Therefore, the manufacturers of various electronic and semiconductor components such as precision connectors are experiencing delay in completing there production target.

Furthermore, end-use industries such as automotive, telecom, military and aerospace, electronic, and others have been affected due to COVID-19 pandemic. For instance, according to WMR’s analysis, the automotive market witnessed 12-15% decrease compared to 2019. Similarly, the growth of consumer electronics market was also hampered reducing the overall global sales by around 1%-5% compared to 2019.

U.S. held dominant position in the U.S., Japan & Germany Precision Connector Market in 2020

Statistics:

U.S. held dominant position in the U.S., Japan & Germany Precision Connector Market in 2020 accounting for 56.0% share in terms of value.

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U.S., Japan & Germany Precision Connector Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 763.5 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 9.6% 2027 Value Projection: US$ 1,536.7 Mn
Geographies covered:
  • U.S.
  • Japan
  • Germany
Segments covered:
  • By Type: 3.5 mm, 2.92 mm, 2.4 mm, 1.85 mm, and 1 mm
  • By Application: Telecom, Military and Aerospace, Medical, Test and Measurement, and Others
Companies covered:

Samtec, NorComp, Japan Aviation Electronics (JAE) Industry, Ltd., Sumitomo Electric Industries, Ltd., HIROSE ELECTRIC CO., LTD., TE Connectivity,  Radiall, PHOENIX CONTACT, W. L. Gore & Associates, Inc.,  Molex, ROSENBERGER HOCHFREQUENZTECHNIK GmbH & Co. KG, Frontlynk Inc., HUBER+SUHNER, Amphenol Corporation, and EZconn Corporation

Growth Drivers:
  • Rising Need Of High Performance Connectors
  • Rising Adoption Of Advanced Internet And Communication Technology
Restraints & Challenges:
  • High Cost Of Precision Connectors

Figure 1: U.S., Japan & Germany Precision Connector Market Share (%), By Region, 2020

U.S., Japan, & Germany Precision Connector  | Coherent Market Insights

The continuous advancement in the communication technologies is rapidly boosting the growth of the Japan precision connector market. According to Worldwide Market Reports’ analysis, in 2019, Japan telecommunication industry generated around US$ 137.2 billion. Rapidly growing telecommunication industry is expected to positively affect the Japan precision connector market.

Furthermore, many key players in the market are offering precise connector for various applications. For instance, on June 1, 2021, Sumitomo Electric Industries, Ltd., a Japan-based company announced to launch AirEB, a multi-fiber connector. The precision modelling of the connector will provide excellent performance in harsh environment.

1.85 mm type segment is expected to drive the highest market growth during the forecast period

On the basis of type, the U.S., Japan & Germany Precision Connector Market  is segmented into 3.5 mm, 2.92 mm, 2.4 mm, 1.85 mm, and 1 mm.

1.85 mm segment is expected to be valued at US$ 298.2 million by 2028 from US$ 135.8 million in 2020, exhibiting a CAGR of 10.8% over the forecast period (2021-2028)

1.85 mm (or also known as V type connector) is pin and socket type connector and are intended to use for millimetre wave spectrum having a frequency upto 67 GHz. Due to its high operating frequency range the connector is suitable for precision instrumentation and other laboratory applications.

1.85 mm connector can easily interface with 2.4 mm variants, however fails to connect directly with SMA, 3.5 or 2.92 mm connector types. Key players such as Samtec, a U.S.-based connector manufacturing company offer 1.85 mm connectors.

Figure 2: U.S., Japan & Germany Precision Connector Market Value (US$ Mn) Analysis and Forecast, 2017 - 2028

U.S., Japan, & Germany Precision Connector  | Coherent Market Insights

The U.S., Japan & Germany Precision Connector Market was valued at US$ 763.5 Mn in 2020 and is expected to reach US$ 1,536.7 Mn by 2028 at a CAGR of 9.6% between 2021 and 2028.

Major players operating in the U.S., Japan & Germany Precision Connector Market include Samtec, NorComp, Japan Aviation Electronics (JAE) Industry, Ltd., Sumitomo Electric Industries, Ltd., HIROSE ELECTRIC CO., LTD., TE Connectivity,  Radiall, PHOENIX CONTACT, W. L. Gore & Associates, Inc.,  Molex, ROSENBERGER HOCHFREQUENZTECHNIK GmbH & Co. KG, Frontlynk Inc., HUBER+SUHNER, Amphenol Corporation, and EZconn Corporation

Precision connectors have huge demand in 5G computing and networking. Precision connectors are used in 5G antenna, computing and networking modems. Furthermore, compact and high speed connectors are used in 5G supporting smartphones, high speed RF, 5G wireless infrastructure, and other wireless devices.

Therefore, growing demand of 5G-based devices is expected to propel growth of the U.S., Japan, and Germany precision connector market. For instance, U.S.-based AT&T Inc., Telecommunication Company offers 5G services in the U.S.

There are various market players such as TE Connectivity, Samtec, Molex, Amphenol Corporation, HUBER+SUHNER and other that offers precision connecters for 5G infrastructure. Mouser Electronics, Inc. (Molex) offers Molex Precision Optimized SMA Connectors that are high-performance subminiature connectors operating to 27GHz. Moreover, Amphenol Corporation offers 2.92 mm, 2.4 mm & SMA LiteTouch Solderless RF PCB Connectors, which supports 5G wireless infrastructure.

Furthermore, high-speed & high-density connectors are used in military and defence services for communication systems, military vehicles, and unmanned systems. For instance,. ODU USA Inc. offers precision connectors for military that are highly reliable, smaller-lighter- faster connectors, which can withstand harsh operating and environmental conditions. These high-speed & high-density connectors are ideal for soldier communication systems, military vehicles, and unmanned systems ( UAV/UGV/UAS) and also for all the military applications including power management devices, software defined & air traffic control radios, secure and encrypted communication, VoIP, computer, and data recording devices.

Market Dynamics

On the basis of application, the U.S., Japan & Germany precision connector market is segmented into telecom, military and aerospace, medical, test and measurement, and others.

Telecom segment accounted for the largest market share in 2020. The segment was valued at US$ 269.7 Mn in 2020, and is expected to generate a revenue of US$ 525.0 Mn by 2028. This segment is expected to exhibit a CAGR of 9.2% over the forecast period (2021 to 2028)

The demand for precision connectors is sharply increasing in the telecom sector owing to increasing adoption of advanced telecommunication connectivity such as 5G. According to Worldwide Market Reports’ analysis, global 5G technology market is expected to reach around US$ 680 Bn by 2026 from US$ 6.1 billion in 2020. As the precision connector can handle high frequency, the demand for these connectors is expected to increase in the telecom sector.

Furthermore, cellular systems include transmission lines and base station antennas which are susceptible to PIM or passive intermodulation. PIM can hamper the cellular systems’ performance by decreasing the data rates and system capacity. Precision-machined RF or Radio frequency components can reduce the distortion of PIM signal and performance needs of mobile network equipment.

Key features of the study:

  • This report provides in-depth analysis of U.S., Japan & Germany precision connector Market  size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the U.S., Japan & Germany precision connector Market  based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as a part of this study include Samtec, NorComp, Japan Aviation Electronics (JAE) Industry, Ltd., Sumitomo Electric Industries, Ltd., HIROSE ELECTRIC CO., LTD., TE Connectivity, Radiall, PHOENIX CONTACT, W. L. Gore & Associates, Inc.,  Molex, ROSENBERGER HOCHFREQUENZTECHNIK GmbH & Co. KG, Frontlynk Inc., HUBER+SUHNER, Amphenol Corporation, and EZconn Corporation
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
  • The U.S., Japan & Germany precision connector Market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the U.S., Japan & Germany precision connector Market

Detailed Segmentation

  • U.S., Japan & Germany precision connector Market , By Type:
    • 3.5 mm
    • 2.92 mm
    • 2.4 mm
    • 1.85 mm
    • 1 mm
  • U.S., Japan & Germany precision connector Market , By Application:
    • Telecom
    • Military and Aerospace
    • Medical
    • Test and Measurement
    • Others
  • U.S., Japan & Germany precision connector Market , By Region:
    • U.S.
      • By Type:
        • 5 mm
        • 92 mm
        • 4 mm
        • 85 mm
        • 1 mm
      • By Application:
        • Telecom
        • Military and Aerospace
        • Medical
        • Test and Measurement
        • Others
    • Japan
      • By Type:
        • 5 mm
        • 92 mm
        • 4 mm
        • 85 mm
        • 1 mm
      • By Application:
        • Telecom
        • Military and Aerospace
        • Medical
        • Test and Measurement
        • Others
    • Germany
      • By Type:
        • 5 mm
        • 92 mm
        • 4 mm
        • 85 mm
        • 1 mm
      • By Application:
        • Telecom
        • Military and Aerospace
        • Medical
        • Test and Measurement
        • Others
  • Company Profiles
    • Samtec *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • NorComp
    • Japan Aviation Electronics (JAE) Industry, Ltd.
    • Sumitomo Electric Industries, Ltd.
    • HIROSE ELECTRIC CO., LTD.
    • TE Connectivity
    • Radiall
    • PHOENIX CONTACT
    • L. Gore & Associates, Inc.
    • Molex
    • ROSENBERGER HOCHFREQUENZTECHNIK GmbH & Co. KG
    • Frontlynk Inc., HUBER+SUHNER
    • Amphenol Corporation
    • EZconn Corporation

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Impact of COVID-19 Pandemic
  4. U.S., Japan & Germany Precision Connector Market, By Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • 3.5 mm
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • 2.92 mm
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • 2.4 mm
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • 1.85 mm
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • 1 mm
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
  5. U.S., Japan & Germany Precision Connector Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2028 (%)
      • Segment Trends
    • Telecom
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Military and Aerospace
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Medical
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    • Test and Measurement
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
    •  Others
      • Introduction
      • Market Size and Forecast, 2021–2028, (US$ Million)
  6. U.S., Japan & Germany Precision Connector Market, By Country, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2028 (%)
    • U.S.
      • Regional Trends
      • Market Size and Forecast, By Technology, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
    • Japan
      • Regional Trends
      • Market Size and Forecast, By Technology, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
    • Germany
      • Regional Trends
      • Market Size and Forecast, By Technology, 2021–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2021–2028 (US$ Million)
  7. Competitive Landscape
    • Company Profiles
      • Samtec
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NorComp
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Japan Aviation Electronics (JAE) Industry, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sumitomo Electric Industries, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • HIROSE ELECTRIC CO., LTD.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TE Connectivity
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Radiall
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • PHOENIX CONTACT
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • W. L. Gore & Associates, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Molex
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ROSENBERGER HOCHFREQUENZTECHNIK GmbH & Co. KG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Frontlynk Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • HUBER+SUHNER
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Amphenol Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • EZconn Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Precision Connector Market - U.S., Japan and Germany forecast to 2028”.

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Frequently Asked Questions

The U.S., Japan & Germany Precision Connector Market is expected to reach US$ 1,536.7 million by 2028.
The market is expected to witness a CAGR of 9.6% during the forecast period (2021-2028).
Growing demand for high performance connectors in various sectors is one of the primary factors, which is expected to drive growth of the market .
2.92 mm type precision connector held the largest market share among technology in 2020.
U.S. region held the largest share in the market in 2020.
Samtec, NorComp, Japan Aviation Electronics (JAE) Industry, Ltd., Sumitomo Electric Industries, Ltd., HIROSE ELECTRIC CO., LTD., TE Connectivity, Radiall, PHOENIX CONTACT, W. L. Gore & Associates, Inc., Molex, ROSENBERGER HOCHFREQUENZTECHNIK GmbH & Co. KG, Frontlynk Inc., HUBER+SUHNER, Amphenol Corporation, and EZconn Corporation.
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