Metal Shell to Dominate South and Central America Microminiature Circular Connectors Market during 2019–2027

According to our new market research study on “South and Central America Microminiature Circular Connectors Market to 2027 – COVID-19 Impact and Analysis by Type, and Application,” the market is expected to reach US$ 191.68 million by 2027 from US$ 148.37 million in 2019; it is estimated to grow at a CAGR of 3.3% from 2020 to 2027. The report provides trends prevailing in the South and Central America 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 South and Central America microminiature circular connectors market. However, inefficient use of panel space by the microminiature circular connectors may restraints the market growth.

The South and Central America 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 South and Central America 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.

The South American region is predominantly dominated by selected number of countries such as Brazil, Argentina and Ecuador among selected few others. Moreover, the region also significantly constitutes various island nations and small countries contributing for limited demand for miniature connectors. Apart from Brazil, several prominent countries in the South American region have initiated lockdown to mitigate the impact of COVID-19 across their countries and thus significantly negatively impacting the regions demand for microminiature circular connectors market.

Amphenol Corporation, HUBER+SUHNER, ITT, Inc., TE Connectivity, are among the leading companies in the South and Central America 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 2018, HUBER+SUHNER developed the PSM connector series for weight-sensitive aerospace applications. This series enables the customer to maximize power performance while minimizing overall system size, weight, and expenditure, obtaining a cost-effective solution.

South and Central America Microminiature Circular Connectors Market, by Country, 2019 and 2027 (%)

The report segments the South and Central America microminiature circular connectors market as follows:

South and Central America Microminiature Circular Connectors Market – by Type

• Metal Shell
• Plastic Shell

South and Central America Microminiature Circular Connectors Market – by Application

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

South and Central America Microminiature Circular Connectors Market – by Country

• Brazil
• Argentina
• Rest of SAM