I/O Connector Market is forecast to reach $8.5 billion by 2025, growing at a CAGR 13.4% from 2020 to 2025. On the back panel of the computer system, the I/O (Input / Output) ports and connectors serve as gateways through which the system interacts with external devices, such as a keyboard, mouse, printer, and display. In other words, these are the types of I/O ports used to send information to the processor and memory and from there. Use of connector is increasing at very high rate because of the electronics device. Connectors in various electrical and electronic devices are required as driving factors for the input output (I/O) connectors market. Effervescent innovations and design improvements in connectors to meet high device quality and reliability standards are one of the major trends in the Input Output (I/O) connectors market. The prevalence of smartphones in consumer electronics space and the omnipresent use of computers for computer applications help boost demand in the market for I/O connectors.
By Type – Segment Analysis
During the forecast period D-subminiature I/O connectors is expected to grow at a CAGR of 17.4%. Because of their numerous applications in small and large electronic devices, D-subminiature I/O connectors and USB connectors are the most used connectors. The versatile cabling and safe link make D-subminiature suitable for do-it-yourself projects and tailor-made electronics applications where the variety of connection options facilitates frequent rewired and fine tuning. The low cost and high reliability of D- subminiature makes them useful for different types of media applications such as VGA (Video Graphics Array) connectors in TV, gaming, and recording devices. D-sub connectors are even more durable, making them a good option for portable recording where jostling is a possibility. All these characteristics of D-subminiature I/O connectors are expected to boost the market growth of I/O Connector.
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By Product Type – Segment Analysis
During the forecast period USB connectors are expected to grow at a CAGR of 15.9%. Conceived as a replacement for the aging serial port in 1995, USB has become the standard port for most devices or sensors used in both the consumer and industrial markets. As the need for improved bandwidth increases, modern IoT sensors such as vision cameras and fingerprint readers are not possible with the legacy serial port, this type of device needs bandwidth much higher than 115.2 b/sec. Other than the higher speed and flexibility of the USB port, it also enables intelligent power management for connected USB devices, a feature that is lacking on the legacy serial port. The power management feature allows the system to put devices not in use to sleep to converse power, and wake them up instantly when the device is needed. It can help to reduce the overall power consumption of a system when multiple USB devices are connected to it.
By Geography – Segment Analysis
APAC is expected to dominate the global I/O Connector market with a share of more than 39.5%. Asia Pacific has shown the highest growth rate due to the emerging economies during the forecast period. China is the hub for the electronic component and device manufacturing. Consequently, growth rates for Asia Pacific are projected to rise in the near future. Growth is bolstered by growth in automobile production (although slowdown of Chinese and Indian markets will hinder this), increased demand for tablets and smartphones, and increased industrial automation, and increased demand for home appliances. Awareness of that rates of air pollution has encouraged the adoption of electric vehicles which create tremendous opportunities for I/O connectors in China, Japan, India and other APAC countries.
Drivers – I/O Connector Market
Need of connectors in various electrical and electronics devices
Increase in the use Connectors are the driving factors for the market of input output (I/O) connectors due to rise in various electrical and electronic devices. Effervescent advances and design changes in connectors to meet high product quality and reliability requirements are one of the major trends in the Input Output (I/O) connectors industry. The proliferation of smartphones in consumer electronics space and the omnipresent use of computers help drive demand in the market for I/O connectors.
Use of I/O connectors in Smart Factories & Machine Building
The use of I/O connectors in smart factories is expected to boost the market growth. The ideal I/O connector is truly universal. This encourages the use of existing or old system designs, thus enabling a potential upgrade. I/O connectors are crucial to the machine builders’ future, particularly as networks move to the fast, agile “plug-and-produce” model. This will help to boost the I/O Connector market.
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Challenges – I/O Connector Market
Impact of Covid-19 in I/O Connectors Market
Due to the global economic recession led by COVID-19, the I/O connector market is expected to decline in 2020.Some ventures in China, the United States, Germany and South Korea are delayed and the businesses face short-term operational difficulties due to supply chain constraints and lack of site access due to the COVID-19 outbreak. Asia-Pacific is expected to be heavily impacted by COVID-19 spread due to the impact of the pandemic in China, Japan and India. This is expected to hamper the global market for I/O Connectors.
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in I/O Connector Market. I/O Connector Market is expected to be dominated by major companies such as TE Connectivity, FCI OEN Connectors, Molex, Delphi Technologies, PHOENIX CONTACT, WAGO Kontakttechnik GmbH & Co. KG, Control Technology, OMRON Corporation, IRISO Electronics CO., LTD, and Others.
In September 2018, TE Connectivity launched new 124 position Sliver internal I/O connectors and cable assemblies, which provide a high density solution that enables up to x20 signal transmission lanes, or 40 differential pairs.
In Feb 2017, Molex debut its new BiPass™ I/O and Backplane Cable Assemblies in Molex booth 619 at the DesignCon 2017 Expo.
In 2016, Molex Launched high-speed I/O cabling to speed up data centers.
Effervescent innovations and design improvements in connectors to meet high device quality and reliability standards are one of the major trends in the Input Output (I/O) connectors market.
D-subminiature I/O connectors are actually the most used connectors because of their numerous applications in small and large electronic devices.
During the forecast period Asia Pacific recorded the highest growth rate due to the emerging economies. China is the center for production of the electronic components and products. Consequently, growth rates are expected to rise in the near future for Asia Pacific.
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