The global card connector market revenues are expected to reach a significant valuation and exhibit an upswing over the forecast period of 2017-2023, Proclaims Market Research Future (MRFR) in a comprehensive research report. The market growth is sustained by the rapidly growing needs of the electronics industry towards smaller, lighter and improved portable devices. Card connectors find wide acceptance from the electronic appliance industry. Electronic devices such as digital cameras, smartphones, and laptops require large data storage capacity and thus induce high demand for card connectors. Advancement in card connector technology purveyed by growing research & development in the field has also encouraged the market growth. Card connectors are used in diverse applications, and a growth in end-use industries propel the growth of the global card connector market. On the flip side, Reliability issues and compatibility problems of card connectors are expected to constrain the growth of the market.
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The global card connector market has been segmented based on type and application. By type, the market has been segmented into Edge Card, Memory Card, and PC Card. By application, the market has been segmented into Consumer Durables, Electronic appliances, and Mechanical appliances.
The global card connector market spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is the largest market for connectors due to high adoption of card connectors, low operational cost and increasing investments for high-end technology in the region supports the growth of the market in North America. Europe follows North America closely and is growing due to high demand from countries such as Germany, France, and Italy. Asia Pacific is expected to be a profitable Edge Connector Market over the forecast period. The presence of a large number of electronic manufacturers, increasing adoption of card connectors and surging demand for card connectors contribute to the market growth.
The global card connector market is highly competitive with the presence of various established international as well as domestic brands. The market participants are competing based on price, technology, features, design, and compatibility. The key players operating in the global card connector market include TE Connectivity Ltd (Switzerland), The 3M Company (U.S.), Cinch Connectivity Solutions (U.S.), HARTING Technology Group (Germany), Hirose Electric Co., Ltd. (Japan), CW Industries(U.S.), Eaton Corporation Plc (Republic of Ireland), Molex Incorporated (U.S.), Amphenol Corporation (U.S.), Vishay Intertechnology, Inc. (U.S.), Yamaichi Electronics Co., Ltd. (Japan), AVX Corporation (U.S.), Kycon, Inc. (U.S.), and CW Industries(U.S.).
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