LCP Connectors Market Growth Drivers and Current Industry Trends by 2023

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LCP Connectors Market Growth, COVID Impact,
Trends Analysis Report 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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LCP Connectors Market

Overview A recent study conducted by Market
Research Future (MRFR) reveals the global LCP
connectors market is set to increase at 8.1 CAGR
between 2018 and 2023. Relentless technological
advancements in industries such as electronics,
medical and telecom has helped broaden the
application spectrum of LCP connectors. Demand
for small and thin connectors has significantly
increased in recent years owing to device
miniaturization. This can be linked with the
rising preference for LCP connectors. Over the
years, several types of LCP connectors have come
up, offering a wide range of circuit wiring
solutions. Materials that are currently used for
making connectors include Polyethyleneimine
(PEI), Polybutylene terephthalate (PBT), Crystal
Polymer (LCP), Polyphenylene sulfide (PPS), and
Nylon 66. LCP is one of most common materials
used for making connectors as it has high
inertness and durability. Growth of sectors such
as automobile, aerospace and consumer electronics
is also providing an impetus to the global LCP
connectors market. LCP connectors find tremendous
application in modern electronic components.
Portability and miniaturization are key area of
focus for electronic manufacturers, which is
paving the way for LCP connectors. Nonetheless,
arrival of superior alternatives is viewed as a
major threat to the LCP connectors market. Get
Free Sample Report _at_ https//www.marketresearchfut
ure.com/sample_request/7443 Global LCP Connector
Market Segmental Analysis MRFRs report also
includes an exhaustive segmental analysis of the
market based on connector and region. On the
basis of connector type, the market has been
segmented into heavy duty power connectors,
D-shaped connectors, power connectors, fiber
optic connectors, USB, DVI, HDMI connectors,
solid-state lighting connectors, rectangular
connectors, card edge connectors, modular
connectors, coaxial connectors, FFC, FPC
connectors, blade-type power connectors, circular
connectors, pluggable connectors, memory
connectors and backplane connectors. The
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LCP Connectors Market

rectangular connectors segment accounts for more
than one-third share of the market. The segment
is projected to soar at a CAGR of 8.5 from 2018
to 2023. Rectangular connectors are witnessing
widespread popularity owing to their high
durability. They are use in heavy-duty electronic
products. These connectors also have different
locking mechanism option such as
bayonet/screw/double/single latches. The circular
connectors segment holds the second position and
is currently valued at over USD 1,300 Mn. The
coaxial connectors segment is expected to post
the strongest CAGR during the projection
period. Global LCP Connector Market Regional
Outlook Key regions covered in the report include
Europe, Asia Pacific (APAC), the Middle East,
Africa, North America and Latin America. Asia
Pacific and North America are expected to remain
highly attractive investment destinations for
market players operating on a global level. In
terms of revenue, APAC currently makes the
largest contribution to the global LCP connector
market. The Chinese dominance in electronics
manufacturing to some extent characterizes the
regions position in the global market. Over the
years, several economic reforms have taken place
in the country, bringing China under the
spotlight. Meanwhile, its neighboring country
India has also joined the race in an attempt to
expedite it economic growth. This has augured
well for the LCP market in APAC. Moreover, a
number of prominent electronic manufacturers are
based in APAC, which also favors the markets
prospects in the region. North America LCP
connector market is projected to witness a
restively higher CAGR during the review period.
The market is North America is currently valued
at over USD 1,300 Mn. Global LCP Connector
Market Competitive Landscape MRFRs report
includes a detailed analysis on competitive
landscape of the market, which covers Wurth Group
(Wurth Elektronik), TE Connectivity Ltd., Japan
Aviation Electronics Industry, Ltd., Sumitomo
Chemical Company, Amphenol Corporation, RTP
Company, Molex Inc., Asia International
Enterprise (HK) Limited, Axon' Cable, Celanese
Corporation, 3M Company, Polyplastics Co. Ltd.,
Cinch Connectivity Solutions, OMRON Corporation,
Solvay SA, HARTING Technology Group, and Hirose
Electric Co. Ltd. Get Complete Report
_at_ https//www.marketresearchfuture.com/reports/lcp
-connectors-market-7443
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