Global Blind-Mate Coaxial Connectors Market Size to reach US$ 432.4 Mn by 2028
The Global Blind-Mate Coaxial Connectors Market Size was valued at US$ 248.4 Mn in 2021 and is projected to reach US$ 432.4 Mn by 2028, at a CAGR of 7.1%. Blind-mate coaxial connectors are used in a variety of mission-critical applications including medical equipment, military radar equipment, and electric power transmission systems.
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The global blind-mate coaxial connectors market is negatively impacted with the outbreak of COVID-19. The outbreak's consequences and impact are expected to intensify in the coming months as the virus spreads. Several governments of few countries are considering national-level lockdowns as a viable means of controlling viral transmission. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. Shipments of raw materials, as well as revenue produced have fallen. Furthermore, insufficient raw material supply will limit the rate of blind-mate coaxial connectors, influencing the management of the blind-mate coaxial connectors supply chain. This chain of occurrences is expected to have a negative influence on the growth of the microminiature circular connector market in the future years.
High portability is becoming increasingly important in the defense and military industries. Connectivity is required for autonomous robotics, as well as dismounted soldiers, rescue, and recreation equipment. There is a demand for small electronic sensors, detectors, transmitters, and tough wiring that are specifically built to perform on the active battlefield with severe shock, vibration, and extreme environmental exposure to accomplish successful mobile troop technology. On the other hand, the rapid surge in the medical device industry is fueling the usage of blind-mate coaxial connector around the world. The rising demand for miniaturization is also one of the major factors driving the coaxial SMP segment worldwide. Hospitals, diagnostic laboratories & imaging centers, ambulatory surgery centers & clinics are major end-users in the medical device sector. Diagnostic imaging, patient monitoring, cardiology, electrosurgery, dental equipment, and other medical microminiature SMP are few applications of the blind-mate coaxial connector. Every year, the global prevalence of chronic diseases like cancer, arthritis, kidney disease, and cardiovascular disease rises, pushing demand for circular blind-mate coaxial connector.
The government initiative in some of the developed countries are supporting for the advancement to strengthen network infrastructure. As a result of these activities, the need for high-speed data transmission cable connectors is increasing. The Chinese government is strongly promoting 5G development plans and hopes to have the technology operational by 2020. This entails upgrading communication infrastructure, necessitating the installation of better cable connectors and other equipment.
The SMP segment accounted largest market share in 2020 due to the growing demand for commercial applications and rugged military across the world. The SMP has multiple benefits coupled with robustness, lightweight, high density, and shock resistance. The consumer electronics segment accounted largest market share in 2020 due to the growing demand for household and commercial applications among the population. Increasing smart devices and smart home is propelling the growth of the global blind-mate coaxial connectors market. Asia Pacific is expected to dominate the market share of global blind-mate coaxial connectors market owing to the increasing demand for the connectors from computers, communications, and consumer electronics applications, as well as for enhanced features and connectivity products. Furthermore, due to increased air passenger traffic, concerns about flight safety, and lower maintenance costs, the region is witnessing enormous expansion in the aviation sector, which has resulted in a demand for blind-mate coaxial connector. Increasing digitalization and huge population is creating the demand of blind-mate coaxial connector in the region.
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KEY INDUSTRY DEVELOPMENTS:
April 2022- Winchester Interconnect has acquired El-Com Systems for the expansion of product portfolio in space and defense applications.
March 2022- TE Connectivity has introduced an innovative new hybrid inline connector solution that makes production easier, reduces the number of connections needed, simplifies supply chain complexity, and saves money. TTI, Inc., a leading specialty distributor of electronic components, has announced that it has signed a global distribution agreement with Amphenol Positronic. TTI will provide a broad range of world-class, high-reliability connector solutions for harsh environments, military, and aerospace applications.
September 2021- TE Connectivity acquired ERNI Group AG to expand the product portfolio by focusing on high-speed transmission and fine-pitch connectors for automotive, medical, factory automation, and other industrial applications.
April 2021- Winchester Interconnect has acquired Ulti-Mate Connector to focus on the expansion for the enhancement of growing portfolio of custom interconnect solutions for mission-critical applications and manufacturing capabilities.
February 2021- Amphenol RF has acquired Positronic, a global manufacturer of high reliability/harsh environment electronic connector products.
December 2020- CPC (Colder Products Company), part of Dover has expanded its BLQ Series with the new Everis™ BLQ6 blind mate connector designed specifically for liquid cooling of electronics including for rack and panel configurations.
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