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.
| 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: |
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| 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 |
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Figure 1: U.S., Japan & Germany Precision Connector Market Share (%), By Region, 2020
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
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:
Detailed Segmentation
“*” marked represents similar segmentation in other categories in the respective section.
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