Market Research Report
Middle East and Africa Microminiature Circular Connectors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type ; Application, and Country
|Published by||The Insight Partners||Product code||961832|
|Published||Content info||69 Pages
Delivery time: 1-2 business days
|Middle East and Africa Microminiature Circular Connectors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type ; Application, and Country|
|Published: August 21, 2020||Content info: 69 Pages||
Middle East and Africa Microminiature Circular Connectors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Metal Shell, and Plastic Shell); Application (Military & Defense, Aerospace & UAV, Industrial Application, Medical, and Others), and Country.
The microminiature circular connectors market in Middle East and Africa is expected to grow from US$ 215.25 million in 2019 to US$ 303.62 million by 2027; it is estimated to grow at a CAGR of 4.5% from 2020 to 2027.
Miniature circular connectors are a new class of interconnects for military aerospace applications, which provides high-performance compared to larger form-factor connectors like MIL-DTL-38999, and are designed with smaller and lighter packaging. The microminiature circular connector is developed with an objective to deliver weight and space savings as well as rugged durability. These ranges of connectors not only allow overcoming space constraints, but also support other needs for high-speed and rugged applications. These microminiature circular connectors have transformed interconnect cable and LRU packaging through radically reducing the weight and size of the I/O connector interface. Various types of microminiature circular connectors such as, quick-disconnect, push-pull, and threaded connectors are best suitable for advanced military and defense applications as well as usage in medical equipment, industrial robotics, and UAVs.
The MEA microminiature circular connector market is anticipated to witness impressive growth during the forecast period. The growth in the medical devices industry and rising demand for miniaturized connectors are the major factors driving the growth of the MEA microminiature circular connector market. Additionally, several technological developments initiated by various leading companies are also expected to drive the demand for microminiature circular connectors during the forecast period. However, inefficient use of panel space when used in arrays, when compared to rectangular connectors may restrain the growth. However, the new sales markets in emerging economies is expected to offer ample growth opportunities for the players operating in the microminiature circular connector market during the forecast period.
In terms of application, the industrial application segment led the Middle East and Africa microminiature circular connectors market 2019. Lightweight, robustness, high density, and high shock resistance of connectors are the major factors in the industrial application. Additionally, circular microminiature connectors designed for industrial automation and control have more screws attached to any surface on which they are mounted, and are designed to keep out of contaminants.
The Middle East & Africa region is expected to witness a negative impact of COIVD-19 during the coming few weeks owing to heavy reliance on retailers, suppliers, online, and authorized sales representatives due to lack of prominent manufacturers. The region is projected to register a swift decline in their supply of interconnection components and products from various manufacturers across North America, Europe, and Asia Pacific region, as these regions have halted their production activities, which has subsequently disrupted the importing of components and products to other regions. Moreover, the recent nationwide lockdown across South Africa, Saudi Arabia, and UAE also have negatively impacted the market growth.
The overall Middle East and Africa microminiature circular connectors market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Middle East and Africa microminiature circular connectors market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants that are typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Middle East and Africa microminiature circular connectors market. Amphenol Corporation; HUBER+SUHNER; ITT, Inc.; and TE Connectivity are among a few players operating in the Middle East and Africa microminiature circular connectors market.
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East and Africa microminiature circular connectors 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 Middle East and Africa microminiature circular connectors 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 Middle East and Africa market trends and outlook coupled with the factors driving the 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