Global Modular Liquid Crystal Polymer (LCP) Connectors Market, By Application (Electrical & Electronics (E&E), Industrial Machinery, Automotive, Aerospace and Defence and Others), Type (Above 20 Gbps, 10-20 Gbps and Below 10 Gbps), Channel (Direct Sales and Distributor) – Industry Trends and Forecast to 2029.
Modular Liquid Crystal Polymer (LCP) Connectors Market Analysis and Size
Modular liquid crystal polymer (LCP) connectors market demand is increasing as a result of its new advanced feature. The telephone industry drove the market due to the widespread use of modular connectors in the industry. It is becoming more common in systems that require high durability and performance, such as those used in the military, aerospace, and defence industries.
Data Bridge Market Research analyses that the modular liquid crystal polymer (LCP) connectors market was valued at USD 1.63 billion in 2021 and is expected to reach the value of USD 3.02 billion by 2029, at a CAGR of 8.00% during the forecast period. 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.
Modular Liquid Crystal Polymer (LCP) Connectors Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Electrical & Electronics (E&E), Industrial Machinery, Automotive, Aerospace and Defence and Others), Type (Above 20 Gbps, 10-20 Gbps and Below 10 Gbps), Channel (Direct Sales and Distributor),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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ChargePoint, Inc. (U.S.), ABB (Switzerland), Webasto Thermo & Comfort (Germany), Shell International B.V. (Netherlands), Schneider Electric (France), Groupe Renault (France), Phihong USA Corp. (U.S.), EV Safe Charge Inc. (U.S.), Tesla (U.S.), Daimler AG. (Germany), Siemens (Germany), TE Connectivity (Switzerland), Fujikura Ltd. (Japan), Sumitomo Corporation (Japan), Amphenol Corporation (U.S.), DYDEN CORPORATION (Japan), Connector-Tech ALS Pty Ltd (Australia), and SemaConnect Inc. (U.S.) among others.
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Market Opportunities
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Market Definition
LCP is an abbreviation for liquid crystal polymers, which are a type of aromatic polymer. They are highly thermally resistant, chemically resistant, and chemically inert. They will be able to replace ceramics, composites, metals, and many other traditional materials due to their superior properties. They are particularly useful for electrical and mechanical parts due to their high strength and inertness. LCP connectors are highly desirable for use in various applications due to their associated advantages such as non-reactivity, inertness, and high resistance to fire. These features have made LCP connectors suitable for a wide range of traditional electric applications.
Drivers
- Growing trend of product miniaturisation will proliferate market growth
The global modular liquid crystal polymer (LCP) connectors market is expected to be driven by increased demand for miniaturised electronic components such as connectors and surface mounting devices. Device or product miniaturisation enables manufacturers to incorporate more and more features into smaller packages in order to streamline systems. During the forecast period, the demand for LCP connectors is expected to be driven by an increase in the use of lightweight and high-performance materials to improve automobile fuel efficiency. Automobile weight reduction is a priority in the automobile industry because it reduces the vehicle's carbon footprint. Stringent environment-related regulations in North America and Europe result in reduced CO2 emissions which will further cushion the growth of the modular liquid crystal polymer (LCP) connectors market.
- Rapidly expanding consumer electronic industry
The rapidly expanding semiconductor industry has driven the modular liquid crystal polymer (LCP) connectors market demand in recent years. Rising applications for consumer electronics devices such as white goods and brown goods will significantly drive market growth. Furthermore, the increasing use of automation technology across various sectors such as industrial, automotive, and defence will drive modular liquid crystal polymer (LCP) connectors market statistics over the forecast period.
Opportunities
- Growing product demand from the automobile industry
Growing demand for micro-injection moulding with high thermal resistance, as well as demand for high performance and lightweight materials to improve automobile fuel efficiency, are opportunities for the global modular liquid crystal polymer (LCP) connectors market.
Restraints
- High cost and growing technical issues
The high cost of modular liquid crystal polymer (LCP) connectors and complex technical complexities are limiting the growth of the global modular liquid crystal polymer (LCP) connectors market. The global modular liquid crystal polymer (LCP) connectors market faces challenges such as low weld strength and technical design issues.
This modular liquid crystal polymer (LCP) connectors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the modular liquid crystal polymer (LCP) connectors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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.
COVID-19 Impact on Modular Liquid Crystal Polymer (LCP) Connectors Market
However, the ongoing COVID-19 pandemic has caused widespread economic disruption in both developed and developing countries around the world. The global economic slowdown, combined with lower GDP of leading economies in the first half of FY2020 due to the pandemic, is expected to impede industry growth in the medium term. Manufacturing operations will be shut down, and there will be a labour shortage, which will limit the installation of these units. Despite the economic slowdown, the market is expected to improve by the fourth quarter of FY2020, when manufacturing operations resume following the lockdown.
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
Global Modular Liquid Crystal Polymer (LCP) Connectors Market Scope
The modular liquid crystal polymer (LCP) connectors market is segmented on the basis of application, type and channel. The growth amongst these segments will help you analyse meagre 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.
Application
- Electrical & Electronics (E&E)
- Industrial Machinery
- Automotive
- Aerospace and Defence
- Others
Type
- Above 20 Gbps
- 10-20 Gbps
- Below 10 Gbps
Channel
- Direct sales
- Distributor
Modular Liquid Crystal Polymer (LCP) Connectors Market Regional Analysis/Insights
The modular liquid crystal polymer (LCP) connectors market is analysed and market size insights and trends are provided by country, application, type and channel as referenced above.
The countries covered in the modular liquid crystal polymer (LCP) connectors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is dominating the market. Increased demand for high-range and mid-range LCP modules in countries such as China, Japan, South Korea, and India is driving regional growth. These countries are among the biggest buyers of consumer electronics like smartphones and tablets. As a result, rising demand for these products is expected to propel industry growth over the forecast period. North America will score the highest CAGR owing to the growth in these regions is attributed to the presence of leading manufacturers such as Nokia, LG Electronics, and Motorola Solutions. These companies hold a significant market share in the global market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Modular Liquid Crystal Polymer (LCP) Connectors Market Share Analysis
The modular liquid crystal polymer (LCP) connectors market competitive landscape provides details by competitor. 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, application dominance. The above data points provided are only related to the companies' focus related to modular liquid crystal polymer (LCP) connectors market.
Some of the major players operating in the modular liquid crystal polymer (LCP) connectors market are:
- ChargePoint, Inc. (U.S.)
- ABB (Switzerland)
- Webasto Thermo & Comfort (Germany)
- Shell International B.V. (Netherlands)
- Schneider Electric (France)
- Groupe Renault (France)
- Phihong USA Corp. (U.S.)
- EV Safe Charge Inc. (U.S)
- Tesla (U.S.).
- Daimler AG. (Germany)
- Siemens (Germany)
- TE Connectivity (Switzerland)
- Fujikura Ltd. (Japan)
- Sumitomo Corporation (Japan)
- Amphenol Corporation (U.S.)
- DYDEN CORPORATION (Japan)
- Connector-Tech ALS Pty Ltd (Australia)
- SemaConnect Inc. (U.S.),
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