5G Connector Market - Forecast(2021 - 2026)

 Overview

5G Connector Market size is forecast to reach $3.58 billion by 2025 growing at a CAGR of 9.5% during 2020-2025. The growth of the 5G connector market is driven by the transition of traditional network structure in the telecom industry with 5G technology, owing to the increasing need for connectors for the upgraded cellular towers. Moreover, the demand for high-speed network and the growth of machine to machine communication is highly influencing the 5G connector market growth. Additionally, the increasing investment by major countries such as China, U.S, and the U.K for 5G technology will further enhance the overall market demand for 5G connector industry during the forecast period.

Key Takeaways

  • North America dominates the 5G connector market owing to increasing adoption of 5G technology across the entire network infrastructure across U.S.
  • The need for high-speed network and the need for higher LTE frequency has led to the upgradation of the telecom sector that enhances the requirement of the 5G connector market.
  • The growing need for upgradation in the equipment in the data center will increase the demand for high-performance backplane and mezzanine connectors which will interact with the power distribution and will create opportunities for the 5G connector market.
  • Rapid development in the telecom industry is opening up new opportunities for RF coaxial connectors which is further strengthening the opportunities of companies, thereby driving the demand of 5G connector industry.

Product Type - Segment Analysis

RF connector segment held the largest share in the 5G connector market in 2018. The adoption of 5G technology in applications such as telecom, macro cells and so on has highly fueled the need for RF coaxial connectors. For instance, in cellular infrastructure, the transition of the traditional network to the 5G network will lead to the need for advanced structures that will raise the need for RF connectors for connecting mobile switches and base stations. Moreover, the upgradation of macro cell towers will also enhance the need for 5G RF connectors that will drive the growth of this market.

Application - Segment Analysis

Telecom infrastructure has been the primary market for 5G connector. The adoption of 5G technology has led to the transformation in the area of wireless communication. the roll-out of 5G network will upend the cellular infrastructure and will offer increased speed and system capacity, that will allow designers to choose and  utilize multiple higher LTE frequency bands, including millimeter-wave frequencies. With the rapid implementation of 5G network in the telecom industry will also require the need for the number of cellular antennas that will further embrace the multiple-output (Massive MIMO) technology.

Additionally, the adoption of 5G will also enhance the requirement for the upgradation of the existing cellular network infrastructure that will lead to the developments of new base stations and towers which will expand the requirement of miniature RF connectors and cable assemblies. These development in the telecom infrastructure will thus create opportunities for the 5G connectors market.

Geography - Segment Analysis

North America dominated the 5G Connector market with a share of more than 35%, followed by APAC and Europe. The presence (headquarters) of major companies such as Amphenol Corp., WL Gore and Associates and others in North American countries are set to boost the 5G connector market in North America. For instance, in 2019 the major countries such as the U.S and the UK announced the plans the acceleration of 5G network across the entire network industry which will also lead to the deployment of connectors for 5G applications in these countries. Moreover, in 2019 Germany’s he Next Generation Mobile Networks (NGMN) Alliance announced the recommendation of the RF cluster connector for 5G deployment that will make this connector suitable for the deployment of 5G technology. Also, the ongoing investments in India by the major telecom operators such as Airtel, Reliance Jio and Vodafone Idea will also enhance the use of connectors for 5G applications. Thus, these driving trends will further fuel the growth of the 5G connector market.

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Location: United States

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