South America High Speed Connector Market is expected to reach US$ 232.59 million by 2027

Automotive Segment is Expected to be Fastest Growing During Forecast Period for SAM Region.

According to a new market research study on “SAM High Speed Connector Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Product and Application,” is expected to reach US$ 232.59 million by 2027 from US$ 172.21 million in 2019. The market is estimated to grow at a CAGR of 4.0 % from 2020 to 2027. The report provides trends prevailing in the SAM high speed connector market along with the drivers and restraints pertaining to the market growth. Features such as mini-sized, water repellent, and fast connector and mounting developments in network services are the major factor driving the growth of the SAM high speed connector market. However, technical problems and expensive hinder the growth of SAM high speed connector market.

In case of COVID-19, SAM is highly affected specially the Brazil. SAM countries have been witnessing growth in number of industries over the past few years. Industries such as automotive, aerospace, and industrial equipment have been experiencing fair growth rate, also use of consumer electronics has also increased, however, the COVID-19 outbreak has created significant turmoil among the manufacturers across industries which has affected the SAM high speed connector market negatively. Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. Brazil has the largest industrial sector and is also the worst-hit country. This has been highlighting limited resources and investments toward product developments, which has slow-downed the adoption of high speed connector in SAM region. This factor has negatively impacted the SAM high speed connector market. 

The SAM high speed connector market is segmented based on product, application, and country. Based on product, the market is segmented into board-to-cable, board-to-board, and others. The board-to-board segment held the largest market share in 2019 and board-to-cable segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into communication, automotive, aerospace & defense, energy & power, electronics, and others. The aerospace & defense sector held the largest market share in 2019 and automotive sector is expected to be fastest growing during forecast period.

Fujitsu Limited; Molex, LLC; OMRON Corporation; SAMTEC, Inc.; TE Connectivity Ltd. are among the leading companies in the SAM high speed connector market. The 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, Molex, LLC had launched new 1.25mm pitch slim stack floating board-to-board connectors. They are specially designed to prevent fretting corrosion also increases contact reliability, and are vibration resistant. This is used in the automotive field, making it a desirable option for car column switches.

The report segments the SAM High Speed Connector Market as follows:

SAM High Speed Connector Market – By Product

• Board-to-Cable
• Board-to-Board
• Others

SAM High Speed Connector Market – By Application

• Communication
• Automotive
• Aerospace & Defense        
• Energy & Power                       
• Electronics
• Others

SAM High Speed Connector Market – By Country

• Brazil       
• Argentina
• Rest of SAM