Market Introduction
Saudi Arabia, South Africa, and the UAE are among the key countries in the Middle East & Africa. The growing focus of the governments across the region to promote the use of electric vehicles and increased awareness about energy storage solutions in the renewable-based power sector is expected to drive the demand for press fit connectors. Countries like Saudi Arabia and the United Arab Emirates are becoming early adopters of electric vehicles in this region. For instance, The Saudi Arabian Standards Organization (SASO) has plans to issue regulations for the use of electric cars. In the United Arab Emirates, the Road Transport Authority (RTA) has issued advisory and worked to develop efficient charging stations. This rise in the adoption of electric vehicles will increase the production of press fit connectors as this technology is increasingly replacing the soldering technology. For instance, United Arab Emirates promote plans of green mobility solutions and as part of its plan to have 25% of the city’s trips converted into driverless journeys by 2030, the city completed the construction of 200 charging stations in the emirate by 2018, Mounting electronics and infotainment systems in the automotive sector and burgeoning developments in-network services such as 5G are also driving the growth of the MEA press fit connector market. Development of smart cities is the major factor driving the growth of the MEA press fit connector market.
Middle East & Africa comprises South Africa, the UAE, Saudi Arabia, and other countries. South Africa recorded the highest number of COVID-19 cases in the Middle East & Africa region and is followed by Saudi Arabia and the UAE. The Middle East & Africa region has a smaller number of companies operating or offering market-specific solutions. The countries such as the UAE and South Africa are adopting advanced electronics such as smartphones, smart wearables, and IoT connected devices. Increasing focus of governments toward industrialization is supposed to drive the market growth in Middle Eastern countries.
Strategic insights for the Middle East and Africa Press Fit Connector provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East and Africa Press Fit Connector refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East and Africa Press Fit Connector Strategic Insights
Middle East and Africa Press Fit Connector Report Scope
Report Attribute
Details
Market size in 2021
US$ 505.18 Million
Market Size by 2028
US$ 702.10 Million
Global CAGR (2021 - 2028)
4.8%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Type
By Application
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East and Africa Press Fit Connector Regional Insights
Market Overview and Dynamics
The press fit connector market in MEA is expected to grow from US$ 505.18 million in 2021 to US$ 702.10 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. Connected cars, driverless cars, modern telematics, and advanced infotainment systems are among the modern trends in the automotive sector, which are bolstering vehicle sales. Electric and infotainment systems require advanced connectors to support faster rates of data transfer. Thus, with increasing electrification of vehicles and the rising adoption of telematics in them, the demand for press fit connectors is also on the rise. These new connected cars will create demand for 15 FAKRA/HSD connectors. The connectors are integrated to establish a connection between coaxial cable and transceivers and receivers located in FM signals, vehicle GPS, satellite radio, cellular communications, and safety applications, among others. Hence, with increasing thrive for advanced connectivity in cars and other vehicles, the demand for the press fit connectors is also increasing. Further, with the growth of the connected vehicle trend, the demand for durable electrical and electronic systems is also growing. Applications such as in-vehicle navigation, infotainment, and electric and hybrid drivetrains require many new connections. As a result, companies operating in these business segments are opting for the press-fit connector technology to augment and replace solder joints. A press-fit connection, which is highly reliable, includes an elastic pin and a plated through-hole (PTH). The PTH is drilled into a layered circuit board that is electroplated, typically with copper, to create the circuit on insertion of the press-fit pin. The press fit connector market players are also introducing new products for supporting evolving needs of the automotive industry, especially regarding high-speed connectivity solutions. Therefore, the growing use of advanced electrical systems in vehicles is contributing to the press fit connector market growth.
Key Market Segments
The MEA press fit connector market has been segmented based on type, application, and country. Based on type, the market is segmented into cold press-in and compliant press-in. The compliant press-in segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. In terms of application, the market is segmented into automotive, telecommunications, military & aerospace, medical, and others. The automotive segment dominated the market in 2020 and military & aerospace segment is expected to be the fastest growing during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on press fit connector market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Aptiv PLC; Fujitsu Limited; Molex, LLC (Koch Industries, Inc.); SAMTEC, Inc.; Sumitomo Electric Industries, Ltd.; and TE Connectivity Corporation are among others.
Reasons to buy report
MEA Press Fit Connector Market Segmentation
MEA Press Fit Connector Market –By
Type
MEA Press Fit Connector Market –By Application
MEA Press Fit Connector Market -By Country
MEA Press Fit Connector Market -
Company Profiles
The Middle East and Africa Press Fit Connector Market is valued at US$ 505.18 Million in 2021, it is projected to reach US$ 702.10 Million by 2028.
As per our report Middle East and Africa Press Fit Connector Market, the market size is valued at US$ 505.18 Million in 2021, projecting it to reach US$ 702.10 Million by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
The Middle East and Africa Press Fit Connector Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Press Fit Connector Market report:
The Middle East and Africa Press Fit Connector Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Press Fit Connector Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Press Fit Connector Market value chain can benefit from the information contained in a comprehensive market report.