Circular Connectors Market - Forecast(2021 - 2026)
Circular Connectors Market Overview Circular connectors refer to multi-pin connectors that are used for interfacing. They enable maximum connectivity of the electric or transmission signals. The future of the circular connectors market looks promising with opportunities in various industries such as automotive, consumer electronics, and others. The global circular connectors market was valued at $6,720m in 2017 and is estimated to reach $10,080m by 2024, with an estimated CAGR of 5.7% during the period 2018–2024. The Asia-Pacific region dominates the market for circular connectors. Circular Connectors Market Outlook Circular connectors are primarily used for data transfer, power supply to an electrical device, or for electrical signal transmissions. The connectors are designed to resist abnormal environment. The automotive and telecommunication end user segments are estimated to grow at a CAGR of 8% and 7% respectively during the forecast year. According to Industry ARC findings, the