Europe Microminiature Circular Connectors Market is expected to reach US$ 661.22 Mn by 2027

Metal Shell to Dominate Europe Microminiature Circular Connectors Market during 2019–2027

According to our new market research study on “Europe Microminiature Circular Connectors Market to 2027 – COVID-19 Impact and Analysis by Type, and Application,” the market is expected to reach US$ 661.22 million by 2027 from US$ 486.06 million in 2019; it is estimated to grow at a CAGR of 4.0% from 2020 to 2027. The report provides trends prevailing in the Europe microminiature circular connectors market along with the drivers and restraints pertaining to the market growth. Rise in spent on healthcare devices across the region is the major factor driving the market growth in Europe microminiature circular connectors market. However, inefficient use of panel space by the microminiature circular connectors may restraints the market growth.

The Europe microminiature circular connectors market is segmented into type, application, and country. Based on type, the market is segmented into metal shell, and plastic shell. In 2019, metal shell held the largest share of the Europe microminiature circular connectors market. On the basis of application, the market is bifurcated into military & defense, aerospace & UAV, industrial application, medical, and others. The industrial application segment contributed a substantial share to the total market worth in 2019.

Amphenol Corporation, Franz Binder GmbH & Co. Elektrische Bauelemente KG, Glenair, Inc., Hirose Electric Co., Ltd., HUBER+SUHNER, ITT, Inc., SOURIAU SAS, TE Connectivity, are among the leading companies in the Europe microminiature circular connectors market. The key companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Eaton completed the acquisition of the Souriau-Sunbank Connection Technologies (SOURIAU SAS) business of TransDigm Group Incorporated for $920 million.

Europe Microminiature Circular Connectors Market, by Country, 2019 and 2027 (%)

The report segments the Europe microminiature circular connectors market as follows:

Europe Microminiature Circular Connectors Market – by Type

• Metal Shell
• Plastic Shell

Europe Microminiature Circular Connectors Market – by Platform

• Military & Defense
• Aerospace & UAV
• Industrial Application
• Medical
• Others

Europe Microminiature Circular Connectors Market – by Country

• France
• Germany
• UK
• Italy
• Russia
• Rest of Europe