Microminiature Circular Connectors Market Scope and Analysis by 2031
Microminiature Circular Connectors Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 1,979.30 Million |
Market Size by 2031 | US$ 2,862.74 Million |
Global CAGR (2023 - 2031) | 4.7% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Microminiature Circular Connectors Market News and Recent Developments
The microminiature circular connectors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for microminiature circular connectors and strategies:
- In July 2022, Franz Binder GmbH & Co. Elektrische Bauelemente KG offer M12 Connectors that deliver the speed, reliability, and ruggedness to fulfill smart factories' demand. M12 connectors are also used to transmit high levels of power supplies for extended time periods in applications such as AC motors and drives, motor control switches, and low-voltage applications like fieldbus Ethernet components and network devices. (Source: Franz Binder GmbH & Co. Elektrische Bauelemente KG, Press Release, 2022)
- In July 2022, Franz Binder GmbH & Co. Elektrische Bauelemente KG developed IP67, IP68, or IP69K waterproof subminiature circular connectors for industrial and automation applications. These connectors can withstand weather conditions in outdoor applications, submersion in greater depth, high-pressure water jets, and aggressive cleaning agents. (Source: Franz Binder GmbH & Co. Elektrische Bauelemente KG, Press Release, 2022)
- In March 2022, Franz Binder GmbH & Co. Elektrische Bauelemente KG will offer the field-wireable products of its M12 series 713, 715, and 825 connectors featuring cage clamp termination technology. These connectors include 4-pin and 5-pin variants, both male and female. Shielded and shieldable products equipped with A, B, and D coding are available. Source: Franz Binder GmbH & Co. Elektrische Bauelemente KG, Press Release, 2022)
- March 2021, TE Connectivity Ltd expanded its O.C.H. micro circular connectors by including a seven-pin design that can enhance a soldier’s ability to communicate from the battlefield. These connectors are used for grounding or as an extra signal line in military battery pack applications. (Source: TE Connectivity Ltd, Press Release, 2021)
Microminiature Circular Connectors Market Report Coverage and Deliverables
The “Microminiature Circular Connectors Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles