Latest News- Filtered Connectors Market: Rectangular connectors is expected to lead the Type segment during 2024-2028

The Filtered Connectors Market is being driven by Growing use of electronics in military and rising military expenditure

The Filtered Connectors Market is expected to grow at a CAGR of 6.93% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2.84 billion. The automotive industry's shift towards advanced electronic systems, including navigation, steering assistance, brake control, and cruise control, is driving growth in the global filtered connectors market. These connectors play a crucial role in automotive electronics, given their ability to filter out electromagnetic interference and ensure reliable signal transmission. With the escalating adoption of sophisticated electronic components, such as driver assistance systems, audio controls, diagnostic systems, and infotainment systems, the demand for filtered connectors in automobiles is on the rise. Moreover, stringent emissions regulations have boosted the use of emission sensors, further expanding the application scope of filtered connectors in the automotive sector. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Rectangular connectors
  • Circular connectors
• Application
  • Commercial
  • Military and aerospace
  • Industrial
  • Medical
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • US
  • Europe
    • Germany
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing use of electronics in military and rising military expenditure
• Miniaturization of electronic devices
• Growth in telecommunication sector

However, the market also witnesses some limitations, which are as follows:

• Increase in wage rate and competition
• Reliability and durability issues
• Regulations for plating solutions

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Market Scope in Filtered Connectors Market Research Report

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Research Analysis Overview

The Filtered Connectors Market is witnessing significant growth due to the miniaturization trend in various industries, including the Internet of Vehicles (IoV), electric cars, and personal electronics devices. The demand for compact design connectors in automotive applications, transportation, consumer electronics, industrial automation, healthcare, defense, and aerospace sectors is driving the market. Advancements in technology, such as 3D printing and virtual reality, are enabling the production of lightweight and efficient filter elements for connectors. These filters help reduce unwanted electromagnetic interference, including RF noise, in electrical equipment and electric signals. The telecommunication industry and broadband modems are also contributing to the growth of the filtered connectors market. The increasing adoption of LTE and other wireless technologies in electric vehicles is expected to boost the demand for filtered connectors in this sector. The market for filtered connectors is expected to grow at a steady pace due to the increasing use of electronic devices in various industries and the need to ensure reliable and interference-free communication between them. The use of filter elements in cable modems, television connectors, and other telecommunication equipment is also driving the market. Overall, the filtered connectors market is poised for growth in the coming years, with applications in diverse industries ranging from automotive to healthcare and defense.

Market Research Overview

According to Technavio, the global filtered connectors market is a segment of the larger global semiconductor materials and equipment market, which encompasses companies engaged in the production of semiconductor materials and equipment manufacturing/fabrication, as well as wafer processing and back-end semiconductor manufacturing equipment. The semiconductor materials and equipment market size is determined by the revenues generated from the sales of wafer processing, mask/reticle manufacturing, wafer manufacturing, fab facilities equipment, assembly and packaging, and test equipment. Factors driving growth in this market include significant investments in semiconductor fabrication facilities to meet the escalating demand for integrated circuits worldwide.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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