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The filtered connectors market is estimated to grow at a CAGR of 6.69% between 2022 and 2027. The size of the market is forecast to increase by USD 2,567.24 million. The growth of the market depends on several factors, including the growing use of electronics in the military and rising military expenditure, the miniaturization of electronic devices, and growth in the telecommunication sector.
This report extensively covers market segmentation by application (commercial, military and aerospace, industrial, and medical ), type (rectangular connectors and circular connectors ), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growth in the telecommunication sector is notably driving the market growth, although factors such as reliability and durability issues may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growth in the telecommunication sector is notably driving the market growth. The transport layer, core network layer, and access layer are the three layers that make up a communications network. Global demand for highly advanced telecommunications networks will increase, which will also cause the dependent layers to grow. As a result, more money will be invested in base stations, core networks, broadcast centers, and data centers, which are the main components of a telecommunication network, as investments in the telecommunications sector increase. To connect the cables and servers, these various components use filtered connectors in large quantities.
Furthermore, there will be more data centers built to handle the internet traffic's exponential growth as a result of the increasing internet use and the availability of a wide range of smartphones. For instance, businesses like Microsoft, Google, and Facebook are spending billions of dollars building new data centers around the world and laying cables for telecommunications networks. Hence, there will be a rise in demand for filtered connectors due to the increased adoption of data centers. Therefore, all of the abovementioned factors will fuel the market growth during the forecast period.
The increased adoption of automotive electronics is an emerging trend in the market. All of the electronic components used in automobiles include automotive-filtered connectors as a key component. The use of automotive-filtered connectors in vehicles has increased along with the uptake of highly sophisticated electronic systems like driver assistance systems, audio controls, cruise control, diagnostic systems, and infotainment systems. The use of emission sensors has also been encouraged as a result of strict government regulations on carbon emissions, which help to limit carbon emissions. To transfer information and guarantee the effective operation of these components, all of these electronic systems and sensors require automotive-filtered connectors. Hence, these advances in the automotive sector will lead to higher demand for filtered connectors.
Furthermore, compared to conventional vehicles powered by internal combustion engines (ICEs), EVs use more filtered connectors. EVs charge their battery packs using a unique kind of charging connector. Therefore, during the forecast period, as more EVs are expected to be sold, there will be an increase in demand for these filtered connectors. Hence, the abovementioned factors will fuel the market growth during the forecast period.
Reliability and durability issues are major challenges impeding market growth. Filtered connectors are susceptible to deterioration and other problems as a result of a variety of field circumstances, including voltage variations, temperature excursions, or mechanical forces. Additionally, they might experience problems like broken latches, mating joint separation without any external causes, or joint overheating due to alignment problems incurred by poor design. The aforementioned problems are the main causes of the reliability and durability problems in filtered connectors. These problems represent a significant challenge for the global market for filtered connectors because they have an impact on both the safety of the connected device and the user of the product.
Given that power is constantly flowing through these systems, it is always challenging to analyze and predict such failures. Common failures include insulation breakdown incurred by large temperature swings, non-metallic component damage incurred by extremely low temperatures, and an increase in corrosion incurred by high humidity. All filtered connectors are susceptible to these failures, which must be fixed quickly to prevent significant financial losses. They may also result in accidents like fires, which may also cause human casualties. Hence, such factors will hinder the market growth during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Filtered Connectors Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amphenol Communications Solutions - The company provides electronic manufacturing services (EMS), bespoke filtered connectors, and world-beating OEM solutions to the building controls, automation, and HVAC market. The key offerings of the company include the Mil C-26482 series 1 and 2 filter connector which is designed to meet demanding HIRF and lightning requirements.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the commercial segment will be significant during the forecast period. The commercial segment of the global filtered connectors market was the largest by market value in 2022. The increased use of devices like computer peripherals, communications, vehicles, smartphones, tablets, e-readers, and GPS will drive the demand for filtered connectors used in a variety of applications during the forecast period.
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The commercial segment was valued at USD 1,584.56 million in 2017 and continued to grow until 2021. Excess capacity could cause malfunctions or damage to electrical equipment. As a result, filtered connectors are appropriate for a variety of electrical devices, including electric cars, televisions, broadband modems, and other devices. The global market for filtered connectors is anticipated to experience significant growth due to the rising demand for electronic vehicles and wearable technology, among other things. Moreover, the upcoming global rollout of 5G technology is anticipated to offer filtered connector manufacturers a wide range of opportunities. The growth of the commercial segment, which is anticipated to fuel the growth of the market during the forecast, will be, therefore, supported by all of the aforementioned factors.
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APAC is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The largest market growth contributors are China, Japan, South Korea, and India. The increase is due to the growing regional population's adoption of personal electronic devices. During the forecast period, the market in APAC will also be driven by the expanding demand for high-end filtered connectors for military applications and for faster Internet speed for wireless communication.
Additionally, the increase in the production of EVs is also expected to provide a significant boost to vendors in the regional market. Moreover, initiatives by governments for EVs are another major factor that is fuelling the growth of the regional market. For instance, the Government of India, in April 2022, announced to have 10,000 electric buses. Similarly, China has been providing tax exemptions for EVs. Furthermore, the development of more semiconductor fabrication facilities and expansion activities in APAC is being fueled by developments in wired and wireless technologies, the expanding IoT, increasing automation across numerous industry verticals, including the military and aerospace industry, and investments in human-machine interface (HMI) technologies. All these factors will, therefore, boost the regional market growth during the forecast period.
The regional market was positively impacted during the COVID-19 pandemic in 2020. This is due to the increased demand for filtered connectors owing to the growing teleworking culture and the rising demand for remote access technologies and online connectivity. Furthermore, with the rollout of COVID-19 vaccines and the expansion of vaccination drives in 2021 to cover most of the population, the Government of India also initiated several projects for 5G technology to expand the potential of the networked society. For instance, in May 2021, the Department of Telecommunications, India, approved trials for 5G and allocated spectrum. Such factors are expected to propel the growth of the market in the region during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global filtered connectors market as a part of the global semiconductor equipment market within the global semiconductors and semiconductor equipment market. The parent global semiconductor equipment market covers manufacturers of semiconductor equipment, including manufacturers of raw materials and equipment used in the solar power market. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Filtered Connectors Market Scope |
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Report Coverage |
Details |
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Page number |
163 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.69% |
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Market growth 2023-2027 |
USD 2,567.24 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.2 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 30% |
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Key countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AEI Group, Amphenol Communications Solutions, Carlisle Companies Inc., CONEC Elektronische Bauelemente GmbH, Conesys, Connective Design Inc., Cristek Inc., Deltron AG, Filcon Electronic GmbH, Glenair Inc., HARTING Technology Group, ITT Inc., Littelfuse Inc., Molex LLC, Outman Industries Inc., Smiths Group, The Phoenix Co. Of Chicago Inc., Weald Electronics Ltd., Eaton Corp. Plc, and TE Connectivity Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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