Market Research Future published a research report on “Card Connector Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global Card Connector Market – Overview
The factors contributing to the growth of the card connector market are changing technological advancements, increasing demand for control equipment and measurement equipment in various industrial set ups, the growing demand for gaming devices, increasing implementation of high end medical devices and the increasing adoption of card edge connectors in LED lighting is boosting the market. However, factors such as integrity and reliability issues in designs of card connectors are hindering the growth of the Card Connector Market. The global card connector market is expected to have a significant growth over the forecast period.
Also, the growing research and development activities in card connectors is opening for new opportunities for the card connector market. Card connectors basically deliver technological capability, great durability and longevity of the connectors. Connectors are the end of a plug or jack that connects the card to the port. For instance, a PC connectors helps to connect the card into a slot on the motherboard. A card edge connectors is a series of metal tracks ending on the surface of a card or at the edge and it is plugged into an edge connector which allows data transmission. The market can be segmented on the basis of various types of card holders such as memory card connector, PC card connector, edge card connector and SIM card connectors among others.
Geographically, North-America accounted for the largest market share in the global card connector market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.
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The key players in the global card connector system market include- TE Connectivity Ltd (Switzerland), Molex Incorporated (U.S.), The 3M Company (U.S.), Amphenol Corporation (U.S.), Cinch Connectivity Solutions (U.S.), Vishay Intertechnology, Inc. (U.S.), HARTING Technology Group (Germany), Yamaichi Electronics Co., Ltd. (Japan), Hirose Electric Co., Ltd. (Japan), AVX Corporation (U.S.), CW Industries(U.S.), Kycon, Inc. (U.S.), Eaton Corporation Plc (Republic of Ireland) and CW Industries(U.S.) among others.
Global Card Connector Market – Segmentation
The Card Connector Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Global Card Connector Market – Regional Analysis
North America is expected to hold the major market share in the global Card Connector market during the forecast period. The main factor which is driving the market is technological advancement and increase in the number of smart devices. Europe is closely following North America in terms of market share. Innovation in smart phones, laptops is increasing in the European countries, apart from it the increasing trend towards miniaturization are some major factor driving the market in the Europe. Asia Pacific region is expected to grow at a rapid rate during the forecast period. The rising demand for smart phones, tablets and laptops is one of the major drivers for the Asia Pacific region.
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