Card Connector Market – Overview
The Card Connector Market is projected to register a good CAGR value with a strong USD value by 2023 during the forecast period.
A Card Connector is a connecting device used to transfer files or other important data from one device to another. This technology is widely used due to its simple design, durability, reliability, and high performance. These features are raising the demand for the product, which is propelling the growth of the Card Connector Market.
Major market drivers are accelerating the market at the global level, and technological advancement is one of such. The higher demand for gaming platforms is another major driving factor as these platforms use card connectors. The application of this technology in control equipment medical devices is boosting up the demand of the Card Connector Market. Card connector is majorly used for phones, computers, and loT devices. Today's generation is widely used in sectors like military, electronics, aerospace, and defense, which is fueling the upmarket with promising growth measures.
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During the Covid-19 pandemic, the market with products and services faced a huge loss when the demand was decreased due to lockdown rules. The Card Connector Market also faced tough situations as it was harshly affected. During the lockdown, many industrial verticals faced financial crises, which led to less investment in card connectors which degraded the market's demand. But in the coming days or the post-pandemic period, the market is estimated to grow higher and recover all its losses. The future developments of the industrial players will accelerate the market's growth.
Industry Segments
The industry for card connector market has been has segmented into the category of application, type and region respective.
By Application: Consumer Durables, Mechanical Appliances, Electrical Equipment, Electronic Appliances and Others
By Type: PC Card, Memory Card, SIM Card and Others
By Region: Asia-Pacific, North-America, Europe and RoW
Detailed Regional Analysis
On the basis of region, the market is divided into areas such as Europe, North America, Asia Paci the North-American market is responsible for the main market portion from nations such as the U.S. among others. The cause attributed to the growing investments for these technological solutions, approval of these card connector solutions by various domains and the low operational cost. Nevertheless, the Asia-Pacific region is anticipated to develop over the forecast period from 2017 to 2023. The key reason attributed to this growth is the presence of a huge number of electronic manufacturers, rising demand for high end technology and the growing adoption of these solutions by electrical equipment sectors.
Global Competitive Analysis
The key players in the global card connector system market include Amphenol Corporation (U.S.), TE Connectivity Ltd (Switzerland), Vishay Intertechnology, Inc. (U.S.), Molex Incorporated (U.S.), HARTING Technology Group (Germany), The 3M Company (U.S.), Cinch Connectivity Solutions (U.S.) and Yamaichi Electronics Co., Ltd. (Japan).
Industry Updates:
July 2017 A Bel Group Company, Cinch Connectivity Solutions, has announced the expansion of its 2.92mm precision connector product line and is also offering new End Launch versions with the quality and performance required to move into the millimeter wave spectrum from 40 GHz. The precision 2.92mm connectors which are also known as SMK connectors, are intended to meet the high performance required for 5G wireless applications up to the extent 40GHz. The product expansion comprises Cinch’s first ever 2.92mm End Launch solutions which are existing in both jack and plug formats, along with new 4-hole and 2-hole flange receptacles. With a little VSWR of 1.25 at 40 GHz, these connectors are ideally suited for instrumentation and test, high speed digital and satellite/ wireless communication applications and semiconductor test boards.
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