Global Demand for Electronic Connectors to Reach $60 Billion by 2012, According to a New Report by Global Industry Analysts, Inc.

Share Article

Driven by robust growth exhibited by China and other Asian countries, as well as emerging economies in Eastern Europe and Latin America, the market for Electronic Connectors is projected to reach close to $60 billion in 2012.

Electronic Connectors: A Global Strategic Business Report

Backed by strong demand from growing economies worldwide (Asia driven by China and India), Eastern Europe and Latin America, the market for electronic connectors is poised to experience significant growth through the next five-year period. As technological innovations surface with each passing day, the number of connectors used per device is on a decline while functionality continues to rise. The market maintained its growth momentum despite rising commodity prices, high energy costs and weak growth in developed economies. Over the last 15 years, the industry attained a compounded annual growth rate (CAGR) of over 7, with two industry growth declines in 2001 and 2002. Production continued to shift to low-cost regions from high-cost locations such as North America and Europe.

The world electronic connector market is projected to reach close to $60 billion by 2012, as stated by Global Industry Analysts, Inc. Asia-Pacific (inclusive of China) is expected to register the highest growth and emerge as the largest market, outpacing Europe and the US. The Asian market (Excluding China) is forecast to reach about US$6.4 billion in 2010. The Chinese market is set to experience strong growth of over 20% through 2015. In terms of end use, automobile is expected to be the largest consumer of electronic connectors with a share of 25%. Growing at a CAGR of 8.22%, the computer sector is expected to surpass automobiles as the largest end use sector by 2011. Consumer electronics is by far the fastest growing end-use segment with a CAGR exceeding 10% through 2015. Medical Connectors is another significant segment poised to exhibit robust growth.

The electronic connector market is still by and large fragmented, thus providing an attractive hunting ground for acquisitions and mergers. Most notable transactions in the past three-year period include Bain Capital's acquisition of Molex and Amphenol's acquisition of Teradyne Connection Systems in 2005. Molex's acquisition of Woodhead was the highlight event in 2006. The year 2007 & 2008 saw big companies such as Methode and Molex taking the acquisition strategy to further consolidate their position. Key market participants include 3M, ABB Entrelec, Amphenol, Anderson Power Products, AVX Corporation, Cinch Connectors, DDK Ltd., Delphi Connection Systems, ERNI, FCI, Foxconn, HARTING KgaA, Hirose Electric, Honda Connectors, Hosiden Corporation, HUBER+SUHNER, IPEX Co., ITT Industries, JST Mfg Co., Lear Corporation, LEMO SA, Leoco Corporation, Lumberg Group, Methode Electronics, Molex, Preci-Dip Durtal, Radiall Group, Smiths Interconnect, Souriau SAS, Sumitomo Wiring Systems, Switch Craft Holdings, Telegartner, Tyco Electronics, Wago Innovation Connections, Weidmuller Interface, and Yamaichi Electronics USA.

The report titled "Electronic Connectors: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of trends & issues, product analysis, end-use sector analysis, product introductions/innovations, and recent industry activity. The report profiles leading players operating in the global and regional markets. The study analyzes major geographical markets such as the United States, Canada, Japan, Europe, Asia-Pacific, and Rest of World. The study also analyzes the electronic connectors market by the following end-use segments - automobile, computers, telecom, industrial, aerospace/defense, consumer electronics, and others.

For more details about this research report, please visit http://www.strategyr.com/Electronic_Connectors_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website