The North America High Speed Connector Market is expected to grow from US$ 1,159.98 million in 2019 to US$ 2,224.22 million by 2027; it is estimated to grow at a CAGR of 8.6 % from 2020 to 2027.
Growing developments in network services such as 5G network is expected to escalate the North America High Speed Connector Market. High-speed connectors have huge potential in the 5G computing and networking market as the technology is getting used for a wide range of products, such as 5G computing and networking modems and 5G Antenna. The rising adoption of 5G in North American countries is improving internet services and boosting the demand for supporting devices. Significant growth of the 5G-based devices market is increasing the demand for 5G supporting high speed connector .
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Major key players covered in this report:
- Fujitsu Limited
- Hirose Electric Co., Ltd.
- IMS Connector Systems GmbH
- Molex, LLC
- Neoconix, Inc.
- OMRON Corporation
- OUPIIN ENTERPRISE CO., LTD
- SAMTEC, Inc.
- TE Connectivity Ltd.
- Yamaichi Electronics Co., Ltd.
The electronics, automotive, communication, and networking industry are continuously evolving with innovations in product offerings to support high speed data transfer. The rising demand for compact and flexible connector design to ease the connectivity is propelling the North America market growth. An advent of IoT and big data technology in 4K television, 5G wireless networks, and wearable devices are creating a surge in demand for more data transfer solutions. As a result, the market players in North America are focusing on developing faster, smaller, and efficient high speed connector Further, increasing disposable income is enhancing the purchasing capacity of the consumers, which, in turn propels the sales of smartphones, computers, and home network connecting devices, among others.
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America High Speed Connector market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the North America High Speed Connector market segments and regions.
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