North America Press Fit Connector Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Compliant Pressing and Cold Press-in) and Application (Automotive, Telecommunications, Military and Aerospace, Medical, and Others) 

Code: TIPRE00026294 | Pages: 121 | Industry: Electronics and Semiconductor | Date: Dec 2021
Covid

Market Introduction

North America is segmented into the US, Canada, and Mexico. The presence of the world’s leading economies such as the US is the key driver for the growth of the press fit connector market in the region. Because of the presence of prominent market players, technical advances, and an increase in the use of press fit connectors in various applications in the region, the press fit connector market in North America is expected to grow during the forecast period. Various authorities believe that semiconductor technology and fabrication are crucial to the US's economic and national security goals. Factors such as rapid urbanization, rise in demand for consumer electronic devices, and widespread adoption of automation technologies across numerous industries—including industrial, defense, and automotive—are propelling the press fit connector market in North America. Continuous flourishment of telecommunications sector is the major factor driving the growth of the North America press fit connector market.

North American market suffered a huge loss in the first half of 2020 owing to the high number of COVID-19 cases, specifically in the US. Post lockdown, the market witnessed increasing demand for digital devices. North America is known for the highest rate of adoption of advanced technologies due to favourable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection. Hence, the demand for passive components has steadily declined as a result of the suspension of operations in numerous industries, the closing of different production units, and people's unwillingness to enter the work force. Therefore, the COVID-19 epidemic and its repercussions are wreaking havoc on North America's press fit connector market down. The COVID-19 outbreak has a major impact on manufacturing facilities as production capacities were lowered. As the demand for electronics remained constant, it helped the market to resume the growth. COVID-19 has a temporary impact on this market because only the production and supply chain are halted. Production, supply chains, and demand for press fit connector will steadily improve as the situation improves.


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Market Overview and Dynamics

The press fit connector market in North America is expected to grow from US$ 1,848.75 million in 2021 to US$ 2,528.36 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. Communication has the utmost importance in the aerospace & defense sector to ensure the seamless integration of systems on a plane as well as on the ground. The connectors are developed to meet standards such as VITA and VPX protocols to ensure connectivity even in critical situations and harsh environments. Advancements in the aerospace industry in the form of lightweight aircraft, long-range connecting devices, and unmanned aerial vehicles (UAVs) are pushing the boundaries of connectivity techniques and creating demand for advanced connector systems. Digitalization, remote control, and other advanced technologies are taking control over maneuvers operations, which is creating demand for high-speed data transfers solutions. Companies providing press-fit connectors are also developing new products for ensuring overall compliance with the aerospace & defense industry standards. Therefore, with the growing need for connectors for communication systems, the demand for press fit connectors also increases.

Key Market Segments

The North America press fit connector market has been segmented based on type, application, and country. Based on type, the market is segmented into cold press-in and compliant press-in. The compliant press-in segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. In terms of application, the market is segmented into automotive, telecommunications, military & aerospace, medical, and others. The automotive segment dominated the market in 2020 and military & aerospace segment is expected to be the fastest growing during the forecast period.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on press fit connector market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amphenol ICC; Aptiv PLC; Autosplice; AVX Corporation; Diehl Stiftung & Co. KG; Dietze Group; Fujitsu Limited; Mill-Max Mfg. Corp.; Molex, LLC (Koch Industries, Inc.); Positronic; SAMTEC, Inc.; Sumitomo Electric Industries, Ltd.; and TE Connectivity Corporation are among others.

Reasons to buy report

  • To understand the North America press fit connector market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America press fit connector market
  • Efficiently plan M&A and partnership deals in North America press fit connector market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America press fit connector market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Press Fit Connector Market Segmentation

North America Press Fit Connector Market –By Type

  • Compliant Press-in
  • Cold Press-in 

North America Press Fit Connector Market –By Application

  • Automotive
  • Telecommunications
  • Military and Aerospace
  • Medical
  • Others

North America Press Fit Connector Market -By Country

  • US
  • Canada
  • Mexico

North America Press Fit Connector Market -Company Profiles

  • Amphenol ICC
  • Aptiv PLC
  • Autosplice
  • AVX Corporation
  • Diehl Stiftung & Co. KG
  • Dietze Group
  • Fujitsu Limited
  • Mill-Max Mfg. Corp.
  • Molex, LLC (Koch Industries, Inc.)
  • Positronic
  • SAMTEC, Inc.
  • Sumitomo Electric Industries, Ltd.
  • TE Connectivity Corporation

TABLE OF CONTENTS

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Press Fit Connector Market – By Type

1.3.2        North America Press Fit Connector Market – By Application

1.3.3        North America Press Fit Connector Market – By Country

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Press Fit Connector Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Press Fit Connector Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Continuous Flourishment of Telecommunications Sector

5.1.2        Rising Use of Electronics and Infotainment Systems in Automotive Sector

5.2         Key Market Restraints

5.2.1        High Cost of Connectors and Technical Challenges

5.3         Key Market Opportunities

5.3.1        Growing Requirement of Press Fit Connectors in Aerospace & Defense Sector

5.4         Future Trends

5.4.1        Advancement of Smart Cities

5.5         Impact Analysis of Drivers and Restraints

6.           Press Fit Connector Market –North America Market Analysis

6.1         North America Press Fit Connector Market Overview

6.2         North America Press Fit Connector Market Forecast and Analysis

7.           North America Press Fit Connector Market – By Type

7.1         Overview

7.2         Press Fit Connector Market Breakdown, By Type, 2020 & 2028

7.3         Compliant Press-in

7.3.1        Overview

7.3.2        Compliant Press-in Press Fit Connector Market Revenue and Forecasts to 2028 (US$ Mn)

7.4         Cold Press-in

7.4.1        Overview

7.4.2        Cold Press-in Press Fit Connector Market Revenue and Forecasts to 2028 (US$ Mn)

8.           North America Press Fit Connector Market – By Application

8.1         Overview

8.2         Press Fit Connector Market Breakdown, By Application, 2020 & 2028

8.3         Automotive

8.3.1        Overview

8.3.2        Automotive Market Revenue and Forecasts to 2028 (US$ Mn)

8.4         Telecommunications

8.4.1        Overview

8.4.2        Telecommunications Market Revenue and Forecasts to 2028 (US$ Mn)

8.5         Military and Aerospace

8.5.1        Overview

8.5.2        Military and Aerospace Market Revenue and Forecasts to 2028 (US$ Mn)

8.6         Medical

8.6.1        Overview

8.6.2        Medical Market Revenue and Forecasts to 2028 (US$ Mn)

8.7         Others

8.7.1        Overview

8.7.2        Others Market Revenue and Forecasts to 2028 (US$ Mn)

9.           North America Press Fit Connector Market – Country Analysis

9.1         Overview

9.1.1        North America Press Fit Connector Market Breakdown, By Key Country

9.1.1.1          US Press Fit Connector Market Revenue and Forecast to 2028 (US$ Mn)

9.1.1.1.1          US Press Fit Connector Market Breakdown, By Type

9.1.1.1.2          US Press Fit Connector Market Breakdown, By Application

9.1.1.2          Canada Press Fit Connector Market Revenue and Forecast to 2028 (US$ Mn)

9.1.1.2.1          Canada Press Fit Connector Market Breakdown, By Type

9.1.1.2.2          Canada Press Fit Connector Market Breakdown, By Application

9.1.1.3          Mexico Press Fit Connector Market Revenue and Forecast to 2028 (US$ Mn)

9.1.1.3.1          Mexico Press Fit Connector Market Breakdown, By Type

9.1.1.3.2          Mexico Press Fit Connector Market Breakdown, By Application

10.        North America Press Fit Connector Market- COVID-19 Impact Analysis

10.1      Overview

11.        Press Fit Connector Market - Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Company Profiles

12.1      Positronic

12.1.1     Key Facts

12.1.2     Business Description

12.1.3       Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      TE Connectivity Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3       Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Amphenol ICC

12.3.1     Key Facts

12.3.2     Business Description

12.3.3       Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6       Key Developments

12.4      Dietze Group

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4       Financial Overview

12.4.5     SWOT Analysis

12.4.6       Key Developments

12.5      Autosplice

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6       Key Developments

12.6      Fujitsu Limited

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      SAMTEC, Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3       Products and Services

12.7.4     Financial Overview

12.7.5       SWOT Analysis

12.7.6       Key Developments

12.8      Molex, LLC (Koch Industries, Inc.)

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Aptiv PLC

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6       Key Developments

12.10   Diehl Stiftung & Co. KG

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6    Key Developments

12.11   Sumitomo Electric Industries, Ltd.

12.11.1  Key Facts

12.11.2  Business Description

12.11.3    Products and Services

12.11.4  Financial Overview

12.11.5  SWOT Analysis

12.11.6    Key Developments

12.12   AVX Corporation

12.12.1  Key Facts

12.12.2  Business Description

12.12.3    Products and Services

12.12.4  Financial Overview

12.12.5  SWOT Analysis

12.12.6  Key Developments

12.13   Mill-Max Mfg. Corp.

12.13.1  Key Facts

12.13.2  Business Description

12.13.3  Products and Services

12.13.4    Financial Overview

12.13.5  SWOT Analysis

12.13.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary

 


LIST OF TABLES

Table 1.             North America Press Fit Connector Market, Revenue and Forecast, 2019–2028 (US$ Mn)

Table 2.             US Press Fit Connector Market Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 3.             US Press Fit Connector Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 4.             Canada Press Fit Connector Market Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 5.             Canada Press Fit Connector Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 6.             Mexico Press Fit Connector Market Revenue and Forecast to 2028 – By Type (US$ Mn)

Table 7.             Mexico Press Fit Connector Market Revenue and Forecast to 2028 – By Application (US$ Mn)

Table 8.             Glossary of Terms, North America press fit connector Market

 


LIST OF FIGURES

Figure 1.           North America Press Fit Connector Market Segmentation

Figure 2.           North America Press Fit Connector Market Segmentation – By Country

Figure 3.           North America Press Fit Connector Market Overview

Figure 4.           North America Press Fit Connector Market, By Type

Figure 5.           North America Press Fit Connector Market, By Application

Figure 6.           North America Press Fit Connector Market, By Country

Figure 7.           North America PEST Analysis

Figure 8.           Press Fit Connector Market Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        North America Press Fit Connector Market Impact Analysis of Drivers and Restraints

Figure 11.        North America Press Fit Connector Market, Forecast and Analysis (US$ Mn)

Figure 12.        North America Press Fit Connector Market Breakdown, By Type, 2020 & 2028 (%)

Figure 13.        North America Compliant Press-in Press Fit Connector Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 14.        North America Cold Press-in Press Fit Connector Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 15.        North America Press Fit Connector Market Breakdown, By Application, 2020 & 2028 (%)

Figure 16.        North America Automotive Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 17.        North America Telecommunications Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 18.        North America Military and Aerospace Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 19.        North America Medical Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 20.        North America Others Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21.        North America Press Fit Connector Market, By Key Country- Revenue 2020 (US$ Million)

Figure 22.        North America Press Fit Connector Market Breakdown, By Key Country, (2020 & 2028)

Figure 23.        US Press Fit Connector Market Revenue and Forecast to 2028 (US$ Mn)

Figure 24.        Canada Press Fit Connector Market Revenue and Forecast to 2028 (US$ Mn)

Figure 25.        Mexico Press Fit Connector Market Revenue and Forecast to 2028 (US$ Mn)

Figure 26.        Impact of COVID-19 Pandemic in North American Country Markets

  1. Amphenol ICC
  2. Aptiv PLC
  3. Autosplice
  4. AVX Corporation
  5. Diehl Stiftung & Co. KG
  6. Dietze Group
  7. Fujitsu Limited
  8. Mill-Max Mfg. Corp.
  9. Molex, LLC (Koch Industries, Inc.)
  10. Positronic
  11. SAMTEC, Inc.
  12. Sumitomo Electric Industries, Ltd.
  13. TE Connectivity Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Press Fit Connector market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America Press Fit Connector market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Press Fit Connector market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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