Canada Circular Connectors Market – Industry Trends and Forecast to 2031

Canada Circular Connectors Market Analysis and Size

Connectors are electromechanical devices that interconnect cables, wires, and hoses that allow smooth flow of electricity. The global connector industry has witnessed a significant turnaround in the past decade, primarily due to the growing application of several networking devices. Flourishing telecommunication, computer networking, and automotive sectors have significantly increased the market demand of connectors across the globe.  

Data Bridge Market Research analyzes that the Canada circular connectors market is expected to reach USD 919.61 million by 2031, from USD 590.20 million in 2023, and is expected to undergo a CAGR of 5.7% during the forecast period of 2024 to 2031. " Hybrid Connectors" is the largest segment in the circular connectors market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Circular connectors refer to multi-pin connectors used for interfacing. A connector is a component that enables maximum connectivity of electric or transmission signals. They are used for data transfer, electrical signal transmissions, or for supplying power to electrical devices. These connectors are designed to resist abnormal environments, offering a secure connection for various applications. Moreover, they are used for medical and industrial applications such as car diagnostic systems and data cables for LCD screens.

Canada Circular Connectors Market Dynamics

Driver

• Increasing demand for high-quality electronic connectivity 

The circular connectors market is being driven by the growing demand for high-quality electronic connectivity solutions in various industries such as aerospace, defense, automotive, and industrial manufacturing. As technological advancements continue to evolve, the need for robust and reliable circular connectors has surged. These connectors are crucial for ensuring seamless data transmission and power distribution in complex systems, including automation equipment and communication devices. The desire for improved connectivity and performance is a key driver propelling the growth of the market.  

Opportunity

• Expansion of renewable energy and electric vehicle (EV) sectors

An exciting opportunity for the circular connectors market lies in the expanding renewable energy and electric vehicle (EV) sectors. As Canada strives to reduce its carbon footprint and transition to cleaner energy sources, the renewable energy industry, including wind and solar power, is on the rise. Additionally, the EV market is gaining momentum with an increasing number of electric vehicles on the road. Circular connectors play a vital role in connecting and interlocking components in both these sectors. The demand for connectors compatible with sustainable technologies presents a promising opportunity for manufacturers and suppliers to cater to these growing industries.

 Restraint/Challenge

• Competitive market and technological advancements

A significant restraint in the market is the intense competition and continuous technological advancements. With numerous established and emerging players in the market, the competition is fierce. Manufacturers are constantly innovating to develop connectors with enhanced features, including smaller form factors, higher data transfer rates, and increased durability. This presents a challenge for existing players to stay competitive and for new entrants to gain a foothold. Moreover, the need to keep up with rapidly evolving technology can put pressure on companies to invest in research and development, impacting their profitability and market share.

 Recent Developments

• In March  2021, Amphenol Corporation introduced its Max-M12 product line to include an X coding, a high-speed connector with support for 10Gb/s (1000M Ethernet with CAT6 cable) data transmission, and S coding for a safer connection with First Mate Last Break. These new connectors are ideal for use in the Rail and Mass Transit (RMT), heavy equipment vehicles, industrial automation, and robotics market
• In July 2021, MOLEX announced its continued development in driving major advances across its industry 4.0 and digital manufacturing initiatives. These advances and the introduction of Flexible Automation Modules (FAMs) further extend Molex’s Industrial Automation Solutions (IAS4.0) by empowering supply chain stakeholders to build software-defined machines, robots, and production lines that meet escalating demands for connected, secure, scalable and efficient operations

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Canada Circular Connectors Market Scope

The circular connectors market is segmented on the basis of type, style, current range, data range, signals, shell type, connectors system, and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Hybrid Connectors
• Signal Connectors
• Data Connectors
• Power Connectors
• Din Connectors
• Accessories

Style

• M5
• M8
• M12
• M17
• M23
• M40
• M58
• Others

Current Range

• Less than 40 Ampere
• 41 Ampere-100 Ampere
• 101 Ampere-500 Ampere
• Above 500 Ampere

Data Range

• Up to 10 Gbps
• More Than 10 Gbps

Signals

• 4x Signals
• 8x Signals
• More than 8x Signals

Shell Type

• Metal Shell
• Plastic Shell

Connector System

• Cable-To-Board
• Cable-To-Cable
• Cable-To-Panel
• Wire-TO-Board
• Wire-To-Devices
• Wire-To-Panel
• Wire-TO-Wire

End-User

• Commercial
• Automotive
• Railways
• Aerospace and UAV
• Telecom/Consumer Electronics
• Healthcare/Medical
• Military and Defense
• Manufacturing and Processing
• Oil and Gas
• Power and Utilities
• Marine

Competitive Landscape and Canada Circular Connectors Market Share Analysis

The circular connectors market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the circular connectors market.

Some of the major players operating in the circular connectors market are:

• Amphenol Corporation (U.S.)
• Molex (U.S.)
• Belden Inc. (U.S.)
• TE Connectivity (Switzerland)
• ITT Inc. (U.S.)
• AMETEK, Inc. (U.S.)
• LEMO (Switzerland)
• Fischer Connectors SA (Switzerland)
• Smiths Interconnect (U.K.)
• Eaton (Ireland)
• Weidmüller (Germany)
• Mencom Corporation (U.S.)
• CONEC Elektronische Bauelemente GmbH (Germany)
• PHOENIX CONTACT (Germany)
• HARTING Technology Group (Germany)

SKU-65575