CATEGORY

Connectors

Connectors are electromechanical devices that are used to join multiple components and form an electrical circuit. Connectors have male-ends (plugs) and female-ends (jacks) which are used to form a permanent or temporary connection based on requirement.

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Connectors Market Monitoring Dashboard


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Connectors Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Connectors category is 12.00%

Payment Terms

(in days)

The industry average payment terms in Connectors category for the current quarter is 120.0 days

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    Connectors Suppliers


    42,376
    Total Suppliers
    1,352
    Diverse Suppliers
    56
    Normalized Supplier Rating
    Connectors Supplier

    Find the right-fit connectors supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

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    Sample Supplier
    Company
    ABB Ltd
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    58

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    59
    Social
    54
    Governance
    62
    6 Domains Performance (/100)
    Business behaviour
    58
    Human rights
    58
    Community Environment
    37
    Corporate governance
    67
    Human resources
    54
    Security Scorecard
    97

    Threat indicators
    A
    100
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    88
    Application Security
    Detecting common website application vulnerbilities
    A
    100
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    100
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    global.abb
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    7
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    8
    Corruption Issues
    11
    Regulatory Non Compliance Flags
    27
    Fraud Issues
    7
    Labor Health Safety Flags
    8
    Regulatory Issues
    9
    Workforce Disputes
    2
    Sanctions
    0
    esg energy transition
    59
    Discrimination Workforce Rights Issues
    6
    esg controversies critical severity
    No

    Connectors market report transcript


    Global Market Outlook on Connectors

    • The APAC would continue to dominate the global connector market, with China being the largest connector manufacturing region

    • Increased demand for connectivity, convenience, and advanced product features is resulting in increased electronic content in the end-use devices, and thereby, driving the demand for connectors globally. Telecommunication and automotive are expected to be the predominant end-use demand market for connectors

    Global Connector Market Maturity

    • The APAC is expected to remain the largest connector market globally, predominantly driven by the presence of large number of connector manufacturers in China. The high growth in the region is expected to be offset by the contraction of the connector market in Japan.

    Global Connector Market Growth Trend & End-use

    • The global connectors market is expected to grow slow at a CAGR of 7-9 percent during 2023–2025, on the account of sluggish global GDP. The market is expected to be primarily driven by increasing electronic content in automotive production

    • PCB connectors recorded the largest market share. 

    • Connector sales in 2022 are estimated at $84.6 billion having grown at a CAGR of 7-9% with North America witnessing significant growth in sales at 10-13%. Connectors industry is expected to witness sluggish growth in 2023 due to  on-going shortage of labor, inflation pressures, increasing geopolitical tensions etc.

    • The connectors market is expected to witness continued consolidation, primarily driven by an increased rate of mergers and acquisitions in the industry. Surge in demand, due to cloud and data center expansions, Industry 4.0 requirements, electric vehicle growth, greater adoption of factory automation, and advancements in technology, such as artificial intelligence etc. have resulted in surging demand.

    • Presently connector manufacturers are focusing on exploring additional ways to modernize manufacturing by increasing automation levels thereby reducing the number of connectors required, improving functionality etc.

    Regional Market Outlook : North America

    • In the North American region, the US is the largest market for connectors, and currently, holds over 70 percent of the overall regional sales

    • Major global manufacturers have connector manufacturing facilities and a strong distribution network in this region. The connectors market is expected to witness an uptrend in the future, driven primarily by the renewed demand from the automotive and aerospace industry

    • Increased adoption of enhanced communication devices, EVs in various end-user verticals is expected to accelerate the demand for durable and efficient connectors

    Global Connectors Driver and Constraints

    Driver

    • Increasing adoption of digital workplaces and online activities are driving the digital infrastructure growth significantly, in turn, calling for more investments to support the bandwidth and speed requirements. Rollout of 5G is driving the interconnects market demand significantly

    • Demand for connectivity, convenience, and advanced product features is resulting in increased electronic content in the end-use devices. Increased functionality of applications is resulting in rapid advances in the new product development thereby driving the demand for connectors. For example, the increased convergence of connectors used in consumer electronics, mobile devices, and other infotainment devices

    • Growing demand for electronic content in automotive industry at consumer level, especially in North America, Europe, and China is driving the demand for connectors market

    • Rebounding demand from commercial, aerospace and energy markets

    Constraints

    • Connectors market is presently balanced. However, prices are expected to increase at least till Q1 2023 due to surging raw material prices, high labor rates in the U.S., Europe, China etc. and increasing transportation costs. These factors could constrain the market growth globally.

    Why You Should Buy This Report

    • The report gives details on the connectors market share, size, growth trends and drivers and constraints.
    • This trend market research report provides information on the regional connector market (China, North America and APAC) and the Porter’s five force analysis of the global connector market. 
    • It details the supplier market share and gives SWOT analysis of major suppliers in the connectors market like TE Connectivity, Amphenol, Molex Incorporated, etc.
    • The report provides the cost breakup and price trend, forecast and price driver’s analysis.
    • It lists out the best practices in the connector market.

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