MIL-DTL-81714 Series II Connectors Market Size, Trends and Growth Analysis by 2027

The market for MIL-DTL-81714 Series II connectors was valued at approximately US$ 38,991.02 thousand in 2021 and is anticipated to grow to around US$ 73,295.13 thousand by 2028. This growth represents a compound annual growth rate (CAGR) of 9.4% from 2021 through 2028.

MIL-DTL-81714 Series II connectors are military-grade electronic components specifically engineered to endure extreme environmental conditions. These connectors find extensive applications in military aircraft, unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), as well as in various combat systems and weaponry. They are available in both standard sizes and custom configurations tailored to meet the specific requirements of end users.

The growth of the MIL-DTL-81714 Series II connectors market can be attributed to the increasing annual government budgets allocated for national security. Around the globe, governments are making substantial investments in acquiring advanced, state-of-the-art combat aircraft. To address the evolving challenges faced by the defense sector, companies in the market are investing heavily in the creation of durable and innovative electronic components. Furthermore, the rising adoption of military unmanned aerial vehicles worldwide is significantly contributing to the expansion of this market. A notable trend is the growing deployment of military unmanned ground vehicles on the battlefield, which is further driving the demand for MIL-DTL-81714 Series II connectors.

Impact of the COVID-19 Pandemic on the MIL-DTL-81714 Series II Connectors Market

The COVID-19 pandemic has had a profound effect on the global economy. In response to the outbreak, governments have implemented various restrictions on industrial, commercial, and public activities to mitigate the spread of the virus. Consequently, the production volume of aircraft has seen a significant decline during the pandemic, leading to a reduced adoption rate of MIL-DTL-81714 Series II connectors. As a result, aircraft manufacturers and maintenance, repair, and overhaul (MRO) service providers have experienced considerable losses during this period.

The overall size of the MIL-DTL-81714 Series II connectors market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aimed to provide a comprehensive overview and forecast for the MIL-DTL-81714 Series II connectors market across various segments. Additionally, it offers insights and forecasts for the global market segmented by five key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

To validate the data and gain deeper analytical insights, primary interviews were conducted with industry participants and commentators. This process involved engaging with industry experts, including vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the MIL-DTL-81714 Series II connectors market.

Some of the prominent players in the MIL-DTL-81714 Series II connectors market include Amphenol Pcd, DME INTERCONNECT, Daniels Manufacturing Corporation, TE Connectivity Ltd., and SOURIAU SAS.