October 11, 2022 10:39 ET | Source: Allied Market Research Allied Market Research
Portland, OR, Oct. 11, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global magnetic connector market generated $1.4 billion in 2021 and is projected to reach $8.2 billion by 2031, growing at a CAGR of 19.2% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market. Wire To Board Connector
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The report offers detailed segmentation of the global magnetic connector market based on product, application, industry vertical, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.
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Based on product, the cable segment held the largest market share in 2021, holding more than half of the global market, and is expected to maintain its leadership status during the forecast period. The PCB segment, on the other hand, is expected to cite the fastest CAGR of 22.2% during the forecast period.
Based on application, the consumer products segment held the largest market share in 2021, holding more than half of the global market, and is expected to maintain its leadership status during the forecast period. The intelligent equipment segment, on the other hand, is expected to cite the fastest CAGR of 21.4% during the forecast period.
Based on industry vertical, the consumer electronics segment held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The automotive segment, on the other hand, is expected to cite the fastest CAGR of 21.6% during the forecast period.
Based on region, the market across Asia-Pacific region held the lion’s share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 20.4% during the forecast period. The report also analyses other regions such as Europe, North America, and LAMEA.
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The key players analyzed in the global magnetic connector market report include TT Electronics Plc, Rosenberger Hochfrequenztechnik GmbH & Co. KG, RS Components & Controls (I) Ltd., Amphenol Corporation, Nano Magnetics Ltd, CFE Corporation.Co., Ltd, Belkin International, Inc., C.C.P. Contact Probes Co., Ltd., Softbank robotics Europe, SPS Inc., Olight Technology Co., Ltd., Apple Inc., Adam Technologies Pvt Ltd, Exceltec Inc., HytePro Technologies Limited, GlobTek, Inc., and Philips N.V.
The report analyzes these key players in the global magnetic connector market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
Magnetic Connector Market Key Segments: By Product:
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