Press Fit Connector Market: Introduction
Transparency Market Research delivers key insights on the global press fit connector market. In terms of revenue, the global press fit connector market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global press fit connector market.
The global press fit connector market is broadly affected by several factors, including increasing applications in a wide range of sectors, rising adoption of advanced technology, and developments in the automotive industry. Thus, expanding applications of press fit connectors in different sectors is propelling the global market.
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Press Fit Connector Market: Dynamics
The reliability of the press fit technology is influencing its use in aerospace and medical industries, as press fit connectors are used in critical applications. They are utilized in modern aircraft such as Boeing 737 and Airbus A350, which are currently utilizing the power distribution and control systems, which employs various types of press-fit Sub-D connectors. These are manufactured by companies such as Amphenol. Moreover, efforts are being taken to reduce the time required to manufacture electronics equipment. Currently, connectors are the last component that is manually mounted on PCBs.
Various government regulations have been enacted across the globe, such as EU Directive, which restrict the usage of hazardous substances such as lead in devices and systems. This results in the usage of new temperature-resistant connectors. Additionally, press fit connectors do not require soldering and hence, enable semi-automatic or fully automatic mounting of connectors onto PCBs. This results in significant gain of production time. Moreover, the press fit technology does not need high temperature plastics for lead-free applications. Solder-based defects such as residuals, solder balls, bad wetting are eliminated. These advantages are fueling the press fit connector market.
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However, the high cost of advanced technologies is preventing automotive and aerospace & defense industries from adopting new technologies. Latest and robust technologies are more expensive, which increases the cost of the final product. This factor may hamper the press fit connector market.
Press Fit Connector Market: Prominent Regions
The press fit connector market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and rise in usage of press fit connectors in various applications in the region. The press fit connector market in Europe is projected to expand considerably during the forecast period, due to increasing investments by manufacturers in the region and rising adoption of electric & hybrid vehicles. The press fit connector market in Asia Pacific is likely to expand during the forecast period, owing to an increase in the usage of press fit connectors in aerospace and automotive sectors and the presence of a large number of players designing and producing press fit connectors.
Press Fit Connector Market: Key Players
Key players operating in the global press fit connector market are TE Connectivity Inc, Amphenol, Fujitsu, ERNI International, Radiall, Harting, Japan Aviation Electronics Industry Limited., J.S.T. Manufacturing Company Limited, Interplex, Samtec Inc., and Wurth Elektronik.
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