Military Connectors Market by Type, Application, and Geography - Forecast and Analysis 2022-2026

The military connectors market share is expected to increase by USD 1.56 billion from 2021 to 2026, at a CAGR of 5.05%.

This military connectors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers military connectors market segmentation by type (circular, rectangular, and fiber optic), application (army, airforce, and underwater), and geography (North America, APAC, Europe, South America, and MEA). The military connectors market report also offers information on several market vendors, including Amphenol Corp., Conesys, Eaton Corp. Plc, Fischer Connectors SA, Glenair Inc., ITT Inc., ODU GmbH and Co. KG, Smiths Group Plc, TE Connectivity Ltd., and Weald Electronics Ltd. among others.

What will the Military Connectors Market Size be During the Forecast Period?

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Military Connectors Market: Key Drivers, Trends, and Challenges

The increasing penetration of underwater mining activities is notably driving the military connectors market growth, although factors such as the increase in wage rates and competition may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the military connectors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Military Connectors Market Driver

One of the key factors driving the global military connectors market growth is the increasing penetration of underwater mining. Several developed and developing countries are accelerating deep-sea mining and exploration projects to procure various endangered metals and minerals from underwater ridges, sediments, and seamounts. For instance, in February 2021, the Government of India announced an investment of around USD 540.4 million for deep-sea oceanography projects over the next five years. The new project will promote the country's deep-sea mining, exploration, and deep-sea biodiversity conservation. Other factors such as the increase in military expenditure will further support the growth of the market in focus during the forecast period.

Key Military Connectors Market Trend

Another key factor driving the global military connectors market growth is the increased upgrading and modernization of aircraft to better equip pilots for safe flying. In March 2018, GE Aviation received a contract from Lockheed Martin to upgrade the data transfer system of the F-16 multi-role fighter aircraft for the UAE Air Force. Furthermore, under the new avionics display upgrade program, UPS upgraded its Boeing 757s and 767s with Boeing's 787 style cockpit avionics in May 2017. According to the upgrade, large-screen displays were mostly expected to replace display and flight instruments with large 15.1-inch flat-panel display screens. Moreover, new displays are lighter than current CRTs. These new displays are further expected to reduce UPS's fuel use by 55,000 gallons per year while reducing emissions by 523 metric tons. Such factors are expected to positively impact the growth of the market in focus during the forecast period.

Key Military Connectors Market Challenge

One of the key challenges to the global military connectors market growth is the increase in wage rates and competition among the vendors. The price wars have led to a decline in profit margins, which has resulted in a significant decline in the investments in R&D by vendors. As the market is slowly moving toward consolidation, manufacturers are focusing on M&A to hold onto the top positions. Moreover, there is an intense competition taking place in the product segments, with companies seeking to adopt aggressive pricing strategies. As most original equipment manufacturers (OEMs) demand low-cost, reliable connectors, companies are shifting to new raw materials that are cheap and reliable. However, choosing such raw materials without conducting proper research on them (due to low investments in R&D) leads to inferior quality products that impact the brand reputation. Such factors are expected to negatively impact the growth of the market in focus during the forecast period.

This military connectors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global military connectors market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the military connectors market during the forecast period.

Who are the Major Military Connectors Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Amphenol Corp.
• Conesys
• Eaton Corp. Plc
• Fischer Connectors SA
• Glenair Inc.
• ITT Inc.
• ODU GmbH and Co. KG
• Smiths Group Plc
• TE Connectivity Ltd.
• Weald Electronics Ltd.

This statistical study of the military connectors market encompasses successful business strategies deployed by the key vendors. The military connectors market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.

Product Insights and News

• Amphenol Corp. - The company offers a wide range of military connectors such as 38999 series, mini display port connectors, fiber optics connectors through its subsidiary Amphenol Socapex.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The military connectors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Military Connectors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the military connectors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global aerospace and defense market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Marketing and sales
• Aftermarket and service
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Military Connectors Market?

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32% of the market's growth will originate from North America during the forecast period. The US is the key market for military connectors in North America. However, market growth in this region will be slower than the growth of the market in other regions.

The significant increase in demand from various military establishments from countries such as the US, Canada, and Mexico and the presence of globally leading companies in the military and defense sectors will facilitate the military connectors market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic in 2020 had an adverse impact on several economies in the region. Several countries, such as the US, Canada, and Mexico, were negatively affected by the pandemic. As of February 1, 2022, there were over 76.2 million COVID-positive cases and 910,104 associated deaths in the US. The lockdowns resulted in supply chain disruptions for a few months in 2020 in the regional military connectors market. However, since Q4 2020, supply chain activities have been resumed, owing to factors such as the widespread vaccination programs in the region. Thus, the regional military connectors market is expected to grow positively during the forecast period.

What are the Revenue-generating Type Segments in the Military Connectors Market?

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The military connectors market share growth by the circular segment will be significant during the forecast period. The growth is attributed to the significant increase in demand for circular connectors for military, transportation, industrial, and medical equipment applications. Some circular military connectors include MIL-C-5015, MIL-C-22992, MIL-C-26482, and others.

This report provides an accurate prediction of the contribution of all the segments to the growth of the military connectors market size and actionable market insights on post COVID-19 impact on each segment.

Military Connectors Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 5.05%
Market growth 2022-2026	$ 1.56 billion
Market structure	Fragmented
YoY growth (%)	5.59
Regional analysis	North America, APAC, Europe, South America, and MEA
Performing market contribution	North America at 32%
Key consumer countries	US, China, India, Russian Federation, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Amphenol Corp., Conesys, Eaton Corp. Plc, Fischer Connectors SA, Glenair Inc., ITT Inc., ODU GmbH and Co. KG, Smiths Group Plc, TE Connectivity Ltd., and Weald Electronics Ltd.
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, 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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What are the Key Data Covered in this Military Connectors Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive military connectors market growth during the next five years
• Precise estimation of the military connectors market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the military connectors industry across North America, APAC, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of military connectors market vendors

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