The SAM high speed connector market is expected to grow from US$ 172.21 million in 2019 to US$ 232.59 million by 2027; it is estimated to grow at a CAGR of 4.0 % from 2020 to 2027.
Rising developments in network services is expected to accelerate the growth of the SAM high speed connector market. High-speed connectors have huge potential in the 5G computing and networking market as the technology is getting used for a wide range of products, such as 5G computing and networking modems and 5G Antenna. The rising adoption of 5G in developing countries in SAM is improving internet services and boosting the demand for supporting devices. Significant growth of the 5G-based devices market is increasing the demand for 5G supporting high speed connector. Rising developments in internet services, such as 5G, 4G, VoLTE, and LTE, are creating an opportunity for the SAM high speed connector market to grow in the coming years. The high speed connector is getting adopted in the 5G supporting smartphones, high speed RF, and wireless devices. Advanced technology offers various benefits, such as enhanced performance, compact size, and assured reliability with low cost. Market players across SAM are offering advanced solutions for improved speed and performance. Companies are developing connectors specifically for 5G infrastructure. For instance, TE Connectivity offers ERFV coax connectors, Samtec offers Precision RF Connectors, and Molex offers the 2.2–5 form-factor RF connector. Such thrive to deliver the improved connectors compatible for 5G infrastructure is expected to drive the growth of the SAM high speed connector market during the forecast period.
Countries in SAM, especially Brazil, are adversely affected due to the COVID-19 outbreak. Countries across the region are witnessing growth in number of industries over the past few years. Industries such as automotive, aerospace, and industrial equipment have been experiencing fair growth rate, also use of consumer electronics has also increased. However, the COVID-19 outbreak has created various disruptions in the manufacturing industry, which is hindering the growth SAM high speed connector market. Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador. The government of SAM has taken an array of actions to protect their citizens and contain the spread of the virus. Brazil has the largest industrial sector and is also the worst-hit country. Therefore the country has limited resources and reduced investments in product developments, which is hindering the adoption of high speed connector in SAM.
Based on application, the automotive segment is expected to dominate the SAM high speed connector market during the forecast period. In the automotive industries, high speed connector has significant demand to offer enhanced connectivity of vehicle to internet and internal devices. Increasing number of electronic systems and infotainment systems in vehicles such as OBD (on board diagnostics), GPS, and media displays are major driving factors for the market. Further, the advent of driverless car, connected cars, automation, and electric cars are opening ample of opportunities for the market growth. To meet emerging demand in automotive sector, companies across SAM are also offering advanced connectors for vehicles. Several automotive OEMs are emphasizing on offering advanced driver assistance systems (ADAS) in the current scenario. The demand for high speed connector is surging among the OEMs pertaining to the proper functioning of the ADAS systems. In the current scenario, ADAS is being integrated on high-end models; however, it is anticipated that the OEMs would be offering the technology in the mid-range vehicles, which would boost the demand for high speed connector. Implementation of ADAS is expected to increase the demand for high speed connectors for automobile sector, which would drive the growth of the SAM high speed connector market during the forecast period.
The overall SAM high speed connector market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the SAM high speed connector market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, high speed connector market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the SAM high speed connector market. Fujitsu Limited; Molex, LLC; OMRON Corporation; SAMTEC, Inc.; and TE Connectivity Ltd. are among the players operating in the market.