Technavio Announces Top Five Vendors in the Global Connectors Market from 2016 to 2020
By Business Wire News
By Business Wire News
Technavio has announced the top five leading vendors in their recentglobal connectors marketreport. This research report also lists 16 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global connectors market is in a consolidation phase, with major vendors concentrating on M&A to increase their market share and broaden product portfolios. Top vendors hold a majority of the market share, and stood at close to 59% in 2015. Several M&A coupled with organic growth due to factors, such as global manufacturing footprints and broader product offerings, have contributed to market share gains by the major vendors in the market.
Lead analyst Anju Ajaykumar, from the Technavio tools and components research team, says, “Although the major vendors dominate the market, there are many smaller companies that focus on a particular product or region. These companies offer various advantages to end-users in the form of more advanced technology with respect to a particular product, competitive pricing, or lead times.”
The competition for market share is intensifying with connector manufacturers aggressively looking to boost their sales using strategies, including expansion of their product portfolio, diversification of end-user applications, and most importantly, acquisition of smaller companies. One of the trends observed in the market is the shift of manufacturing facilities to Asian countries, prominently China, from developed regions such as Europe and North America. Currently, six of the top ten connector manufacturers globally are based in APAC.
Top five global connectors market vendors
Amphenol is one of the largest manufacturers of connectors worldwide and is headquartered in Connecticut, US. The company serves various industries such as automotive, broadband communications, commercial aerospace, industrial, IT and data communications, military, mobile devices, and mobile networks. In 2014, the company accounted for sales of USD 5.3 billion and was expected to be the fastest growing company in the market with its rapid M&A activities.
Molex, a subsidiary of Koch Industries, is a manufacturer of connectors, and headquartered in Illinois, US. The company serves various industries such as telecom, automotive, industrial, and consumer appliances. It manufactures connectors in four categories, namely wire-to-board, board-to-board, wire-to-wire, I/O connectors, FFC/FPC, and sockets. In 2015, the company accounted for approximately 7% of the total market share.
TE Connectivity is one of the largest players in the global connectors market and is headquartered in Schaffhausen, Switzerland. The company manufactures products to connect signal, data, and power, which are used in a significant number of end-user industries, including energy, automation, and other industrial applications segments. The company generated revenue of USD 13.9 billion in 2014. In 2015, the company accounted for approximately 16.4% of the total market share.
Delphi, headquartered in Kent, UK, offers a comprehensive range of design services with advanced technologies, which produces high-performance connection systems at a competitive cost. Delphi Connection Systems manufactures products such as fiber optic connectors, heavy duty connectors, power connectors, and made-to-order connectors. The company has a high market presence in regions such as North America and Europe. Delphi is increasingly investing in R&D to broaden its product portfolio. They invested USD 1.7 billion in engineering and research activities in 2014, making two major acquisitions to boost their position in the high-growth connectors market in the same year. In 2015, the company accounted for approximately 5.7% of the overall market share.
Hon Hai/Foxconn Technology
Hon Hai/Foxconn Technology trades as Foxconn Technology Group and is headquartered in New Taipei City, Taiwan. They design, manufacture, and sell consumer electronics, communications, and computer products. The company also provides mechanical tooling and engineering services. Hon Hai is a leading manufacturer of products such as PCB connectors, I/O rectangular connectors, IC sockets connectors, and telecom connectors. They also manufacture connectors for the IT sector. The company has a high market presence in APAC, specifically in South-East Asia.
Browse Related Reports:
- Global Valves and Manifolds Market 2016-2020
- Industrial Valves Market in the APAC Region 2015-2019
- Electric Wires and Cables Market in India 2016-2020
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact firstname.lastname@example.org with your requirements and a link to our subscription platform.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770