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Press Fit Connector Market to hit US$ 11,069.9 Mn, Globally, by 2028 at 4.7% CAGR: The Insight Partners

According to our latest market study on “Press Fit Connector Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market was valued at US$ 8,045.0 million in 2021 and is projected to reach US$ 11,069.9 million by 2028; it is expected to grow at a CAGR of 4.7% 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 the demand for advanced connector systems.

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Major Key Players Covered In This Report:  Positronic; TE Connectivity Corporation; Amphenol ICC; Dietze Group; Autosplice; Fujitsu Limited; SAMTEC, Inc.; Molex, LLC (Koch Industries, Inc.); Aptiv PLC; Diehl Stiftung & Co. KG; Sumitomo Electric Industries, Ltd.; AVX Corporation; PROVERTHA Connectors, Cables and Solutions GmbH; and Mill-Max Mfg. Corp.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Press Fit Connector market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Press Fit Connector market segments and regions.

The press fit connector market has been segmented based on type, application, and geography. Based on type, the market is segmented into cold press-in and compliant press-in. In 2020, the compliant press-in segment led the press fit connector market and accounted for a larger market share. In terms of application, the market is segmented into automotive, telecommunications, military & aerospace, medical, and others.

The research on the Press Fit Connector market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Press Fit Connector market on the basis of end user, product type, application, and demography for the forecast period 2021 –2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The global press fit connector market has been segmented as mentioned below:

By Type

Compliant Press-in
Cold Press-in

By Application

Automotive
Telecommunications
Military and Aerospace
Medical
Others

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defence.

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