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The filtered connectors market size is estimated to grow at a CAGR of 6.93% between 2023 and 2028. The market size is forecast to increase by USD 2.84 billion. 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 the growth in the telecommunication sector. Electromagnetic noise suppression or filtering using filtered connectors can be accomplished by installing diodes and condensers to separate high-voltage or high-frequency noise interference from the needed reduced frequency signals. Filtered connectors have been utilized in the industry for more than three decades to give cost-effective and space-saving solutions to electronic magnetic interference (EMI) problems.
The report includes a comprehensive outlook on the Filtered Connectors Market, offering forecasts for the industry segmented by Type, which comprises rectangular connectors and circular connectors. Additionally, it categorizes Application into commercial, military and aerospace, industrial, and medical, and covers Regions, including APAC, North America, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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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.
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.
Furthermore, 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 market share growth by the rectangular connectors segment will be significant during the forecast period. Rectangular connectors significantly increase the density of connectors and increase the number of each connector, saving significant space and weight. They are commonly used for data and signal transmission in the aerospace industry, where lightweight and miniaturized components are important. The miniaturization of electronic equipment and connectors is leading to advances in I/O connectors as well.
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The rectangular connectors segment showed a gradual increase in the market share of USD 3.04 billion in 2018. For instance, TE Connectivity, in December 2021, launched its industrial mini I/O cable connectors, which are extremely small but very reliable. The number of applications for this connector format across the aerospace sector is many and extremely varied. Thus, such benefits and developments will boost the growth of the rectangular connectors segment, which, in turn, is anticipated to propel the growth of the market in focus during the forecast period.
The commercial segment of the global filtered connectors market was the largest by market value in 2023. Filtered connectors are essential to prevent electromagnetic interference caused by the excessive use of electrical gadgets. The demand for filtered connectors used in various applications will continue to grow owing to the increased use of devices like computer peripherals, communications, vehicles, smartphones, tablets, e-readers, and GPS. Filtered connectors are used to remove undesired or unnecessary radio frequency (RF) noise from electric signals. Electrical equipment may malfunction or get damaged as a result of the excess capacity. As a result, filtered connectors are suitable for broadband modems, televisions, electric cars, and a wide range of other electrical equipment. Thus, such factors will boost the growth of the commercial segment, which in turn is anticipated to drive the growth of the market during the forecast period.
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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 main 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 faster Internet speed for wireless communication.
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. Thus, such factors will boost the regional market growth during the forecast period.
The Filtered Connectors Market 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
Companies 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.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The filtered connectors market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028
Filtered Connectors Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.93% |
Market Growth 2024-2028 |
USD 2.84 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.44 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 30% |
Key countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AEI Group, Amphenol Corp., Littelfuse Inc., Carlisle Companies Inc., CONEC Elektronische Bauelemente GmbH, Conesys, Connective Design Inc., Cristek Inc., Deltron AG, Glenair Inc., HARTING Technology Group, ITT Inc., The Phoenix Co. Of Chicago Inc., Molex LLC, Outman Industries Inc., Smiths Group, SOURIAU SAS, TE Connectivity Ltd., Weald Electronics Ltd., and APC Technology Group Plc |
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. |
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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