Europe High Speed Connector Market Forecast to 2031
Europe High Speed Connector Market Forecast to 2031 – Regional Analysis – by Product (Board-to-Cable, Board-to-Board, and Others) and Application (Communication, Automotive, Aerospace & Defense, Energy & Power, Electronics, and Others)
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Description
Growing Adoption of IoT and Edge Computing Drives Europe High Speed Connector Market
Both IoT and edge computing involve extensive data exchange between devices, sensors, and computing systems. This necessitates high-speed data transmission to efficiently handle vast volumes of information. High-speed connectors have the potential to play a crucial role in facilitating this rapid data flow. Thus, the need for high-speed connectors to facilitate interconnection between devices, sensors, and edge computing modules is driven by the growing use of IoT devices and edge computing solutions. For instance, real-time monitoring and manufacturing process control are achieved in the industrial sector through the application of edge computing. High-speed connectors facilitate the connection of processing units, actuators, and sensors, aiding in effective data transfer and decision-making at the network’s edge. This generates opportunities for high-speed connector manufacturers to offer products featuring low power consumption, secure connections, and sturdy designs. High-speed connectors are used in smart home appliances such as lighting controls, security cameras, and thermostats to link the control unit to the several sensors and actuators that are placed throughout the device. Thus, the growing adoption of Internet of Things (IoT) devices and edge computing creates significant opportunities for the high-speed connector market.
Europe High Speed Connector Market Overview
The high-speed connector market in Europe is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The increasing use of electronics and infotainment systems in the automotive sector contributes significantly to the high-speed connector market expansion in Europe. Connected cars, driverless cars, advanced infotainment systems, and modern telematics are among the modern trends benefiting the automotive sector, resulting in an upsurge in vehicle sales. Electric systems and infotainment systems require advanced high-speed connectors to proceed with data transfer at a faster rate. Thus, the increasing electrification of vehicles along with the incorporation of telematics bolsters the demand for high-speed connectors. Connectors serve the primary function of establishing connections between coaxial cables, and transceivers & receivers embedded in frequency modulation (FM) systems, satellite radio, safety components, vehicle GPS, and cellular communication devices, among others. The growing adoption of technologies such as artificial intelligence (AI), 5G, and cloud computing necessitates faster data transfer rates, further propelling the demand for high-speed connectors.
Several companies in Europe are introducing new products to address the automotive industry’s need for high-speed connectivity solutions. In March 2023, Denso Corporation organized a software innovation program under its new mobility-centered society. The training program focused on advanced driver assistance systems (ADAS), vision sensor recognition technology, and voluntary activities to train cloud computing engineers. In September 2023, Mercedes Benz announced that it was set to offer level 3 hands-free driving services. The company has confirmed that its Level 3 hands-free driving service—Drive Pilot—would be made available for the 2024 EQS sedan at an annual subscription of US$ 2,500. High-speed connectivity is very important for the precise operation of news programs such as ADAS. Thus, the introduction of new connector products to improve vehicle connectivity is propelling the high-speed connector market growth in Europe.
Europe High Speed Connector Market Revenue and Forecast to 2031 (US$ Million)
Europe High Speed Connector Market Segmentation
The Europe high speed connector market is segmented based on product, application, and country.
Based on product, the Europe high speed connector market is segmented into board-to-cable, board-to-board, and others. The board-to-board segment held the largest share in 2023.
In terms of application, the Europe high speed connector market is segmented into communication, automotive, aerospace & defense, energy & power, electronics, and others. The aerospace & defense segment held the largest share in 2023.
Based on country, the Europe high speed connector market is categorized into Germany, France, the UK, Italy, Russia, and the Rest of Europe. Germany dominated the Europe high speed connector market in 2023.
Samtech lnc; Molex LLC; TE Connectivity Ltd; Hirose Electric Co Ltd; Yamaichi Electronics Co., Ltd; Fujitsu Ltd; OMRON Corp; IMS Connector Systems GmbH; and Amphenol Corp are some of the leading companies operating in the Europe high speed connector market.
Summary Info
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According toThe Research Team’ research, the Europe high speed connector market was valued at US$ 725.20 million in 2023 and is expected to reach US$ 1,309.93 million by 2031, registering a CAGR of 7.7% from 2023 to 2031. Increasing demand for electronics and infotainment systems in the automotive sector and developments in 5G technology are among the critical factors attributed to the Europe high speed connector market expansion.
Modern infotainment systems equipped with features such as high-resolution displays, navigation, internet connectivity, and advanced audio systems require a high data transfer rate to function precisely. High-speed connectors are specifically designed to transmit data at faster speeds, ensuring a seamless user experience and optimal system performance. The automotive sector is constantly innovating by integrating more and more electronic features into vehicles. These features include advanced driver-assistance systems (ADAS), autonomous driving features, and telematics, all of which rely on high-speed data communication between various components. High-speed connectors aid in reliable and efficient data transfer between sensors, cameras, control units, and other electronic systems.
Several companies are investing in the development of infotainment systems enabled by new technologies. In June 2023, Nvidia Corp and MediaTek Inc announced their plan to team up for the development of a technology to power advanced vehicle infotainment systems that would be capable of streaming video or games or using artificial intelligence to interact with drivers. In January 2023, Garmin demonstrated its latest in-cabin solutions for the automotive original equipment manufacturer (OEM) at CES 2023, emphasizing on technologies that integrate multiple domains, touchscreens, and wireless devices on a single system-on-chip (SoC). The demonstrated solutions featured four infotainment touchscreens, an instrument cluster, wireless headphones, a cabin monitoring system, smartphones, wireless gaming controllers, and several entertainment options, all powered by a single Garmin multidomain computing module. Therefore, the increasing complexity and data demands of modern automotive electronics and infotainment systems necessitate the use of high-speed connectors, which enable faster data transfer, seamless feature integration, and weight reduction. Thus, the increasing demand for electronic and infotainment systems in automobiles propels the high-speed connector market growth.
On the contrary, high cost and complex design hampers the growth of Europe high speed connector market.
Based on product, the Europe high speed connector market is segmented into board-to-cable, board-to-board, and others. The board-to-board segment held 58.9% share of the Europe high speed connector market in 2023, amassing US$ 426.87 million. It is projected to garner US$ 819.46 million by 2031 to expand at 8.5% CAGR during 2023–2031.
In terms of application, the Europe high speed connector market is segmented into communication, automotive, aerospace & defense, energy & power, electronics, and others. The aerospace & defense segment held 39.1% share of the Europe high speed connector market in 2023, amassing US$ 283.55 million. It is estimated to garner US$ 497.10 million by 2031 to expand at 7.3% CAGR during 2023–2031.
Based on country, the Europe high speed connector market is categorized into Germany, France, UK, Italy, Russia, and the Rest of Europe. Germany held 29.9% share of Europe high speed connector market in 2023, amassing US$ 216.84 million. It is projected to garner US$ 403.97 million by 2031 to expand at 8.1% CAGR during 2023–2031.
Key players operating in the Europe high speed connector market are Samtech lnc; Molex LLC; TE Connectivity Ltd; Hirose Electric Co Ltd; Yamaichi Electronics Co., Ltd; Fujitsu Ltd; OMRON Corp; IMS Connector Systems GmbH; and Amphenol Corp, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe high speed connector market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe High Speed Connector Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Europe High Speed Connector Market – Key Market Dynamics
5.1 Europe High Speed Connector Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Burgeoning Importance of Telecommunications
5.2.2 Increasing Demand for Electronics and Infotainment Systems in the Automotive Sector
5.2.3 Rising Investments in R&D
5.3 Market Restraints
5.3.1 High Cost and Complex Design
5.4 Market Opportunities
5.4.1 Developments in 5G Technology
5.4.2 Growing Adoption of IoT and Edge Computing
5.5 Future Trends
5.5.1 Higher Speed Networking Technologies and Miniaturization
5.6 Impact of Drivers and Restraints:
6. High Speed Connector Market – Europe Market Analysis
6.1 Europe High Speed Connector Market Revenue (US$ Million), 2023–2031
6.2 Europe High Speed Connector Market Forecast Analysis
7. Europe High Speed Connector Market Analysis – by Product
7.1 Board-to-Cable
7.1.1 Overview
7.1.2 Board-to-Cable: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Board-to-Board
7.2.1 Overview
7.2.2 Board-to-Board: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Others
7.3.1 Overview
7.3.2 Others: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
8. Europe High Speed Connector Market Analysis – by Application
8.1 Communication
8.1.1 Overview
8.1.2 Communication: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Automotive
8.2.1 Overview
8.2.2 Automotive: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Aerospace and Defense
8.3.1 Overview
8.3.2 Aerospace and Defense: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Energy and Power
8.4.1 Overview
8.4.2 Energy and Power: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Electronics
8.5.1 Overview
8.5.2 Electronics: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
9. Europe High Speed Connector Market –Country Analysis
9.1 Europe
9.1.1 Europe High Speed Connector Market Overview
9.1.2 Europe: High Speed Connector Market – Revenue and Forecast Analysis – by Country
9.1.2.1 Europe: High Speed Connector Market – Revenue and Forecast Analysis – by Country
9.1.2.2 United Kingdom: High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.2.1 United Kingdom: High Speed Connector Market Breakdown, by Product
9.1.2.2.2 United Kingdom: High Speed Connector Market Breakdown, by Application
9.1.2.3 Germany: High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.3.1 Germany: High Speed Connector Market Breakdown, by Product
9.1.2.3.2 Germany: High Speed Connector Market Breakdown, by Application
9.1.2.4 France: High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.4.1 France: High Speed Connector Market Breakdown, by Product
9.1.2.4.2 France: High Speed Connector Market Breakdown, by Application
9.1.2.5 Italy: High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.5.1 Italy: High Speed Connector Market Breakdown, by Product
9.1.2.5.2 Italy: High Speed Connector Market Breakdown, by Application
9.1.2.6 Russia: High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.6.1 Russia: High Speed Connector Market Breakdown, by Product
9.1.2.6.2 Russia: High Speed Connector Market Breakdown, by Application
9.1.2.7 Rest of Europe: High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.7.1 Rest of Europe: High Speed Connector Market Breakdown, by Product
9.1.2.7.2 Rest of Europe: High Speed Connector Market Breakdown, by Application
10. Competitive Landscape
10.1 Company Positioning & Concentration
10.2 Heat Map Analysis by Key Players
10.3 Company Share Analysis of High-Speed Connector Market
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Samtec Inc
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 Molex LLC
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 TE Connectivity Ltd
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 Hirose Electric Co Ltd
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 Yamaichi Electronics Co., Ltd.
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 Ltd
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 OMRON Corp
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 IMS Connector Systems GmbH
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 Amphenol Corp
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
13. Appendix
13.1 About The Research Team
Table 1. Europe High Speed Connector Market Segmentation
Table 2. List of Vendors
Table 3. Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million) – by Product
Table 5. Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million) – by Application
Table 6. Europe: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 7. United Kingdom: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 8. United Kingdom: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 9. Germany: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 10. Germany: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 11. France: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 12. France: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 13. Italy: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 14. Italy: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 15. Russia: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 16. Russia: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 17. Rest of Europe: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Product
Table 18. Rest of Europe: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million) – by Application
Table 19. Company Positioning & Concentration
Figure 1. Europe High Speed Connector Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Europe High Speed Connector Market Revenue (US$ Million), 2023–2031
Figure 5. Europe High Speed Connector Market Share (%) – by Product (2023 and 2031)
Figure 6. Board-to-Cable: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Board-to-Board: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Others: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Europe High Speed Connector Market Share (%) – by Application (2023 and 2031)
Figure 10. Communication: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Automotive: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Aerospace and Defense: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Energy and Power: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Electronics: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Others: Europe High Speed Connector Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Europe High Speed Connector High Speed Connector Market–Country 2023 (US$ Million)
Figure 17. Europe: High Speed Connector Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 18. United Kingdom: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million)
Figure 19. Germany: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million)
Figure 20. France: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million)
Figure 21. Italy: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. Russia: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million)
Figure 23. Rest of Europe: High Speed Connector Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Heat Map Analysis by Key Players
The List of Companies – Europe High Speed Connector Market
o Samtech lnc
o Molex LLC
o TE Connectivity Ltd
o Hirose Electric Co Ltd
o Yamaichi Electronics Co., Ltd
o Fujitsu Ltd
o OMRON corp
o IMS Connector Systems GmbH
o Amphenol Corp
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