North America Press Fit Connector Market

Market Introduction

North America is segmented into the US, Canada, and Mexico. The presence of the world’s leading economies such as the US is the key driver for the growth of the press fit connector market in the region. Because of the presence of prominent market players, technical advances, and an increase in the use of press fit connectors in various applications in the region, the press fit connector market in North America is expected to grow during the forecast period. Various authorities believe that semiconductor technology and fabrication are crucial to the US's economic and national security goals. Factors such as rapid urbanization, rise in demand for consumer electronic devices, and widespread adoption of automation technologies across numerous industries—including industrial, defense, and automotive—are propelling the press fit connector market in North America. Continuous flourishment of telecommunications sector is the major factor driving the growth of the North America press fit connector market.

North American market suffered a huge loss in the first half of 2020 owing to the high number of COVID-19 cases, specifically in the US. Post lockdown, the market witnessed increasing demand for digital devices. North America is known for the highest rate of adoption of advanced technologies due to favourable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection. Hence, the demand for passive components has steadily declined as a result of the suspension of operations in numerous industries, the closing of different production units, and people's unwillingness to enter the work force. Therefore, the COVID-19 epidemic and its repercussions are wreaking havoc on North America's press fit connector market down. The COVID-19 outbreak has a major impact on manufacturing facilities as production capacities were lowered. As the demand for electronics remained constant, it helped the market to resume the growth. COVID-19 has a temporary impact on this market because only the production and supply chain are halted. Production, supply chains, and demand for press fit connector will steadily improve as the situation improves.

North America Press Fit Connector Strategic Insights

Strategic insights for the North America 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.

North America Press Fit Connector Report Scope

North America Press Fit Connector Regional Insights

The geographic scope of the North America 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.

The press fit connector market in North America is expected to grow from US$ 1,848.75 million in 2021 to US$ 2,528.36 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. Communication has the utmost importance in the aerospace & defense sector to ensure the seamless integration of systems on a plane as well as on the ground. The connectors are developed to meet standards such as VITA and VPX protocols to ensure connectivity even in critical situations and harsh environments. Advancements in the aerospace industry in the form of lightweight aircraft, long-range connecting devices, and unmanned aerial vehicles (UAVs) are pushing the boundaries of connectivity techniques and creating demand for advanced connector systems. Digitalization, remote control, and other advanced technologies are taking control over maneuvers operations, which is creating demand for high-speed data transfers solutions. Companies providing press-fit connectors are also developing new products for ensuring overall compliance with the aerospace & defense industry standards. Therefore, with the growing need for connectors for communication systems, the demand for press fit connectors also increases.

Key Market Segments

The North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Amphenol ICC; Aptiv PLC; Autosplice; AVX Corporation; Diehl Stiftung & Co. KG; Dietze Group; Fujitsu Limited; Mill-Max Mfg. Corp.; Molex, LLC (Koch Industries, Inc.); Positronic; SAMTEC, Inc.; Sumitomo Electric Industries, Ltd.; and TE Connectivity Corporation are among others.

Reasons to buy report

• To understand the North America press fit connector market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America press fit connector market
• Efficiently plan M&A and partnership deals in North America press fit connector market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America press fit connector market
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Press Fit Connector Market Segmentation

North America Press Fit Connector Market –By

Type

• Compliant Press-in
• Cold Press-in 

North America Press Fit Connector Market –By Application

• Automotive
• Telecommunications
• Military and Aerospace
• Medical
• Others

North America Press Fit Connector Market -By Country

• US
• Canada
• Mexico

North America Press Fit Connector Market -

Company Profiles

• Amphenol ICC
• Aptiv PLC
• Autosplice
• AVX Corporation
• Diehl Stiftung & Co. KG
• Dietze Group
• Fujitsu Limited
• Mill-Max Mfg. Corp.
• Molex, LLC (Koch Industries, Inc.)
• Positronic
• SAMTEC, Inc.
• Sumitomo Electric Industries, Ltd.
• TE Connectivity Corporation