High-reliability Connectors: Introduction
- Several applications in military, space, aerospace, medical, and automotive industries require highly strong and reliable components, particularly connectors, which can withstand extreme operating conditions.
- Leading companies operating in the global high-reliability connectors (HiRel) market offer a range of high-reliability connectors that are specifically designed to withstand electric and mechanical stresses, pressures, and strains caused by excessive temperature, vibration, corrosion, magnetism, and outgassing.
- Manufacturers operating in the market are also offering D-Sub, Micro-D, and MTB1 formats as well as advanced space splice systems that can be used in a wide range of applications including satellites/launchers, harnesses, payloads, and antenna connections.
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Key Drivers and Restraints of Global High-reliability Connectors Market
- Demand for home health care is expected to increase in the near future, as the longevity has risen and elderly individuals rely on home health care services to a greater extent than any other age group.
- For the diagnosis and treatment of diseases of elderly individuals, medical devices, such as patient monitors, imaging systems, electrophysiology catheters, and other diagnostic and therapeutic systems, are required.
- These devices require dependable connectivity and accurate signal transmission, which can be achieved by using high-reliability connectors. This factor is likely to drive the demand for high-reliability connectors in the next few years.
- Higher cost is expected to limit the market growth especially in emerging countries. However, emerging countries are expected to witness the highest CAGR owing to the high adoption rate during the second-half of the forecast period. That means, the impact of restraint is anticipated to reduce towards the end of the forecast period.
North America to Lead Global High-reliability Connectors Market
- The global high-reliability connectors market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is a significant market for high-reliability connectors owing to increased demand for in-home therapy in the region. Presence of several key players is also driving the market in the region
- Substantial investments in research and development by various high-reliability connector manufacturers in the region is anticipated to drive the global high-reliability connectors market. For e.g. Harwin plc launched a new product called Gecko–SL, which is a 1.25-mm-pitch connector. This is a recent addition to the company’s product range of horizontal male connectors wherein the same level of performance as the existing latched versions is maintained, with an added security feature of screw fixings.
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Key Players Operating in Global High-reliability Connectors Market
Key players operating in the global in high-reliability connectors market are:
- Smiths Interconnect Inc.
- Harwin Plc
- Everett Charles Technologies LLC (ECT)
- C&K Components, Inc.
- Panasonic Corp
- ITT Corp
- Hirose Electric Co. Ltd
- Ametek, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.