The global connector industry is forecast to reach $65.7 billion by 2019, according to the latest report from Lucintel, a global management consulting and market research firm. The big growth drivers include 3C applications (computing, communication, and consumer electronics), miniaturization of electronic devices, and increasing electronic content in end products.
The report "The Global Connector Industry 2014-2019: Trend, Profit, and Forecast Analysis," provides an analysis of the global connector industry including trends, competitive landscape and growth drivers by region and industry. The report finds that consumer electronics and industrial connector segments will show the strongest growth over the forecast period. Increasing Internet traffic, development of high density, and micro miniature technologies are all major driving factors for these segments, said Lucintel.
Like most electronic component markets, research and development is a necessary part of any component manufacturer's strategy for growth. Lucintel reports that “rapid technological advancement has encouraged the demand for compact and reliable electronic devices.”
One example is Molex’s SlimStack Armor 0.35-mm board-to-board SMT connectors for mobile devices that deliver up 3A of extra power through protective covers. These ultra-low-profile connectors can fit into mobile devices and other tight-packaging applications, saving space while still providing secure electrical and mechanical reliability.
However, the demand for miniaturized and reliable interconnects is not just coming from the consumer electronics sector, it’s also driven by high reliability segments such as medical, military and industrial that also require the connectors to be highly robust to meet tough environmental requirements.
An example is Omnetics’ a line of rugged micro- and nano-sized connectors that can be used in rugged applications including military systems. “Designers must move quickly to provide circuitry needed for new miniaturized products that are being employed in today's ruggedized portable electronics,” said Omnetics in a release. “Electronic systems, modules and other contributing sensors and components must be small, lightweight, rugged and quickly available.”
In addition to reducing the size of the end devices, the miniaturized connectors also can help reduce weight. “As weight and cost savings have become essential for high-reliability products, connector manufacturers are focusing on developing smaller, lighter, and higher-power connectors,” said Lucintel. “Regular innovation of products is very important for companies to sustain their successful position in the market.”
Products that provide convenient and better connectivity along with high speed are in demand and that will drive the connector industry, said Lucintel.