TE Connectivity, ITT Inc., Omnetics Connector Corporation, Franz Binder GmbH & Co. Electrical Components KG, and Amphenol Corporation – PROMINENT MARKET PARTICIPANTS IN MICROMINIATURE CIRCULAR CONNECTOR MARKET
Miniature circular connectors are a new class of interconnects for military aerospace applications, which provide high-performance when compared to larger form-factor connectors like MIL-DTL-38999, and are designed in a significantly smaller and lighter packaging. The microminiature circular connector is developed with an objective to deliver weight & space savings, and rugged durability. These ranges of connectors not only allow overcoming space constraints, but also support other needs for high-speed and rugged applications. These microminiature circular connectors have transformed interconnect cable and LRU packaging through radically reducing the weight and size of the I/O connector interface. The various type of microminiature circular connectors such as, quick-disconnect, push-pull, and threaded connectors are best suitable for advanced military and defense applications as well as usage in medical equipment, industrial robotics, and UAVs.
The global microminiature circular connector market is anticipated to witness impressive growth during the forecast period. The growth in the medical devices industry and rising demand for miniaturized connectors are the major driving factors for the global microminiature circular connector market. In addition to these factors, significant technological development initiatives by several leading companies are also expected to drive the demand in the forecast period. However, inefficient use of panel space when used in arrays, when compared to rectangular connectors may restrain the growth. Despite of this limitation, the new sales markets in emerging economies is expected to offer ample growth opportunities for the players operating in the microminiature circular connector market during the forecast period of 2020 to 2027.
The market for microminiature circular connector has been segmented based on type, application, and geography. Based on type, the market is segmented into metal shell and plastic shell. The metal shell segment represented the largest share of the overall market throughout the forecast period. Based on application, the microminiature circular connector market is segmented into military & defense, aerospace & UAV, industrial application, medical, and others. In 2019, industrial application held a substantial share in the global microminiature circular connector market. While, aerospace & UAV is anticipated to grow at the highest CAGR from 2020 to 2027.
Geographically, the market is segmented into five major regions— North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Asia-Pacific held the largest share of the microminiature circular connector market in 2019. It has contributed more than 30% to the overall revenue of microminiature circular connector market in the year 2019. Europe and North America held the second and third position in the global microminiature circular connector market in 2019 with market shares of >25% and >20%, respectively. The market in APAC is anticipated to grow at the highest CAGR of 5.1% from 2020 to 2027. Some of the key players operating in the global microminiature circular connector market which are profiled in this market study include HUBER+SUHNER, Amphenol Corporation, ITT Inc., Omnetics Connector Corporation, Hirose Electric Co., Ltd., TE Connectivity, Ulti-Mate Connector, Inc., Franz Binder GmbH & Co. Electrical Components KG, Glenair, Inc., and Souriau SAS among others. In addition to these players, there are several other important players operating in the microminiature circular connector ecosystems, which were studies, analyzed during the course of this market research study.
Most of the market initiatives were observed in Europe region, which have a high potential of microminiature circular connector providers. Few of the important market initiatives and product developments from the industry are mentioned below:
|
Year |
News |
Country |
|
2020 |
Franz Binder GmbH & Co. Elektrische Bauelemente KG launched IP67 rated Snap-in Distributor in both 4 and 6 position connections. Each version is offered with 3 or 5 gold plated contacts and is available in a cabled version or pluggable module. The distributors permit for expansion of the 720 series connectors and are appropriate for usage in electrical equipment and factory control systems requiring IP67 protection. |
Europe |
|
2019 |
Franz Binder GmbH & Co. Elektrische Bauelemente KG through its subsidiary, Binder USA, LP introduced New Snap-in IP67 Twin Distributor, thus, expanding 720 Series of miniature circular connectors. The newer twin distributor delivers a new option for designers and installers who require a miniature circular connector for automation and machine building applications. |
Europe |
|
2018 |
HUBER+SUHNER developed the PSM connector series for weight-sensitive aerospace applications. This series enables the customer to maximize power performance while minimizing overall system size, weight, and expenditure, obtaining a cost-effective solution. |
Europe |
