Filtered Connectors Market Size to grow by USD 2.84 billion between 2024-2028
According to a research report “ Filtered Connectors Market” by Type (Rectangular connectors, Circular connectors) Application (Commercial, Military and aerospace, Industrial, Medical) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2.84 billion, at a CAGR of 6.93% during the forecast period. The military sector is witnessing significant investment in advanced technologies such as drones, 3D printers, AI, and IoT. The US government's approval of a USD706 billion defense budget for fiscal year 2022, which includes USD7.5 billion for military drones and unmanned systems, underscores this trend. Global military expenditure reached USD2.113 trillion in 2021, a 0.7% increase from the previous year. The US, China, India, Russia, and Saudi Arabia collectively accounted for approximately 60-65% of the global military expenditure, with the US leading the pack. These investments reflect the growing importance of technology in military applications and the increasing military expenditure worldwide..
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By Type, the Rectangular connectors segment is projected to dominate the market size in 2024
In the realm of electronic connectors, rectangular connectors have emerged as a preferred choice for businesses due to their space-saving and lightweight advantages. These connectors significantly increase connector density and reduce the number of components required, thereby minimizing weight and maximizing efficiency. The aerospace industry, in particular, benefits greatly from this technology, as miniaturization is a key priority. TE Connectivity, a leading industry player, recently introduced its industrial mini I/O cable connectors, which boast an extremely small form factor while maintaining superior reliability. These connectors offer high vibration resistance and a robust locking system capable of withstanding 100N of pull force. The versatility of this connector format in the aerospace sector is vast, catering to a multitude of applications.
By Application, Commercial segment is expected to hold the largest market size for the year 2024
In the global filtered connectors market, the business sector held the largest market share in value terms in 2023. This trend is anticipated to persist throughout the forecast period. Filtered connectors play a crucial role in mitigating electromagnetic interference (EMI) in electrical systems. The escalating usage of electronic devices such as computer peripherals, communication systems, automobiles, smartphones, tablets, e-readers, and GPS systems will fuel the demand for filtered connectors. These components effectively eliminate unwanted radio frequency (RF) noise from electric signals, thereby preventing potential malfunctions and damage to electrical equipment.
APAC is forecasted to hold the largest market size by region in 2024
In the Asia Pacific (APAC) region, China, Japan, South Korea, and India are leading the growth in the filtered connectors market. The surge in demand for personal electronic gadgets and the increasing adoption of advanced technologies such as virtual reality, 3D printing, and the Internet of Things (IoT) are primary drivers. Furthermore, the military sector's requirement for high-performance filtered connectors and the need for faster Internet speeds for wireless communication are significant market growth factors. The production of electric vehicles (EVs) and the emergence of trends like 5G technology, increased connectivity in EVs, and the Internet of Vehicles (IoV) are expected to create substantial opportunities for market participants during the forecast period.
The Filtered Connectors Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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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
The Filtered Connectors Market encompasses a wide range of connectors designed to minimize electromagnetic interference (EMI) and ensure optimal signal quality in various industries. These industries include Avionics systems, Telecommunication, Automotive, Industrial, Military and Aerospace, Electronics and Communications, Medical, and Commercial applications. Rectangular and Circular connectors are commonly used in this market. Avionics systems, for instance, utilize circular connectors for Radar systems, Radio communication systems, Inflight control systems, and Cockpit display equipment. In contrast, rectangular connectors are often used in Television connectors, Cable modems, and Electrical equipment. With the advent of 5G technology, the demand for filtered connectors has surged in the Telecommunication industry, Personal electronic devices, and IoT applications. The miniaturization of electronic systems in Electric cars, 3D printing, Virtual reality, and Electronic jamming systems necessitates the use of compact, high-flexibility, and space-saving filter connector solutions. Military standards mandate the use of EMI-filtered connectors in Military vision equipment, Engine control systems, Engine power lines, Fuel system, Power distribution system, Weapon systems, Military ground vehicles, and Deicing systems. Filtered connectors employ various filter elements such as Pi filters, C Circuit filters, L filters, T filters, tubular capacitors, planar arrays, ferrite inductors, and capacitors to mitigate transient issues, radiation problems, and conduction problems. Connector manufacturing involves the production of various types of connectors, including ARINC, micro-D, D-Subminiature, and customized high-end connectors. The market offers cost-effective solutions for commercial applications and caters to the specific needs of military and aerospace applications.
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