Growth of the electronic industry is auguring well for the global LCP connector market. As per the latest study conducted by Market Research Future (MRFR), The incessant technological advances in industry verticals such as telecom, medical and electronics has favoured the market growth.
Get Free Sample of LCP Connectors Market Report @ https://www.marketresearchfuture.com/sample_request/7443
The application of LCP connectors has increased considerably in recent years. Moreover, growing trend of device miniaturization has led to a high demand for thin and small connectors. The spectrum of LCP connectors has continued to expand over time, there are several types of LCP connectors that available offering extended circuit wiring solutions. At the same time, a broader category of materials is being used for making LCP connectors. Some of the preferred raw material include Polybutylene terephthalate (PBT), Polyphenylene sulfide (PPS), Polyethyleneimine (PEI), Nylon 66. LCP, and Crystal Polymer (LCP).
The global LCP connectors market has benefited from the expansion of several end-use industries such as aerospace, automobile and consumer electronics. LCP connectors have become a key component in a variety of modern electronics.
Global LCP Connectors Market: Competition Analysis
Wurth Group (Wurth Elektronik), Japan Aviation Electronics Industry, Ltd., Amphenol Corporation, Molex Inc., Axon’ Cable, 3M Company, Cinch Connectivity Solutions, Solvay SA, Hirose Electric Co. Ltd., TE Connectivity Ltd., Polyplastics Co. Ltd., HARTING Technology Group, Sumitomo Chemical Company, Asia International Enterprise (HK) Limited, OMRON Corporation, Celanese Corporation and RTP Company are among the notable market players profiled in MRFR’s report.
Global LCP Connectors Market: Segmental Analysis
The segmental analysis of the market has been conducted on the basis of connector type and region.
Based on connector type, the market has been segmented into D-shaped connectors, fiber optic connectors, USB, HDMI connectors, rectangular connectors, modular connectors, FFC, blade-type power connectors, pluggable connectors, heavy duty power connectors, backplane connectors, power connectors, circular connectors, DVI, card edge connectors, FPC connectors, coaxial connectors, solid-state lighting connectors and memory connectors. Of these, the rectangular connector segment command the major chuck of market share in terms of value. It is projected that the segment will demonstrate an impressive CAGR of 8.5% during the assessment period (2018-2023). Over time, preference for rectangular connector has grown substantially owing to its high durability. It remains the first choice in heavy-duty electronics products. Moreover, rectangular connectors offer different locking system option such as screw, single latches, double latches and bayonet. The circular connectors segment holds the second spot and is likely to retain its position over 2023. The segment is currently valued at more than USD 1,300 Mn. Whereas the coaxial connectors segment is projected to exhibit the highest CAGR during the assessment period.
Access LCP Connectors Market Report Details @ https://www.marketresearchfuture.com/reports/lcp-connectors-market-7443
On the basis of region, the global LCP connectors market is segmented into North America, Asia Pacific (APAC) Europe, the Middle East & Africa (MEA) and Latin America. Asia Pacific leads the global LCP connector market. China standouts among all the APAC countries in terms of market share. China is followed by Japan and India. Presence of a vast white goods industry and incessant expansion of the electronics manufacturing sector is supporting the growth of the market in the region. Owing to cost benefits and widespread availability of raw materials, countries such as China and India are emerged as prominent manufacturing hubs. The market in North America is expected to witness a 9.1% CAGR during the assessment period, which is also the highest among its peers. In terms of revenue, North America is the second largest contributor to the global LCP connector market. Mexico, the U.S. and Canada is likely to present attractive growth opportunities to market players in the forthcoming years.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar