Middle East and Africa High Speed Connector Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product and Application

Communication Segment is Expected to be Fastest Growing During Forecast Period for MEA Region.

According to a new market research study on “MEA High Speed Connector Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Product and Application,” is expected to reach US$ 162.69 million by 2027 from US$ 124.49 million in 2019. The market is estimated to grow at a CAGR of 3.6 % from 2020 to 2027. The report provides trends prevailing in the MEA high speed connector market along with the drivers and restraints pertaining to the market growth. Mounting electronics and infotainment systems in automotive sector and burgeoning developments in network services such as 5G are the major factor driving the growth of the MEA high speed connector market. However, technical complications and overpriced hinder the growth of MEA high speed connector market.

In case of COVID-19, MEA is highly affected specially the South Africa. The MEA high speed connector market is majorly affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several components and parts have been disturbed which has affected the MEA high speed connector market negatively. The demand for high speed connector has weakened since the eruption of COVID-19 in MEA countries. This has resulted in a loss of business among the high speed connector manufacturers offering their products to various industries in the region. Countries with higher manufacturing units such as Turkey, Israel, and South Africa, among others have witnessed critical scenarios in procuring various electronics including high speed connector which showcased fall in MEA high speed connector market in the region. Impact of COVID is expected to be quite severe in coming years, which is expected to affect the MEA high speed connector market negatively.

The MEA high speed connector market is segmented based on product, application, and country. Based on product, the market is segmented into board-to-cable, board-to-board, and others. The board-to-board segment held the largest market share in 2019 and board-to-cable segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into communication, automotive, aerospace & defense, energy & power, electronics, and others. The aerospace & defense sector held the largest market share in 2019 and communication sector is expected to be fastest growing during forecast period.

Fujitsu Limited; Molex, LLC; OMRON Corporation; SAMTEC, Inc.; TE Connectivity Ltd. are among the leading companies in the MEA high speed connector market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, SAMTEC, Inc. showcased its products, including 56 Gbps PAM4 product demonstrator, precision RF products, high speed cable assemblies, and high speed board-to-board connectors in an exhibition held at SEMICON Taiwan 2020 from September 23 to25 in Taiwan.

MEA High Speed Connector Market, By Country, 2019 and 2027 (%)

The report segments the MEA High Speed Connector Market as follows:

MEA High Speed Connector Market - By Product

• Board-to-Cable
• Board-to-Board
• Others

MEA High Speed Connector Market - By Application

• Communication
• Automotive
• Aerospace & Defense
• Energy & Power
• Electronics
• Others

MEA High Speed Connector Market - By Country

• Saudi Arabia
• UAE
• South Africa
• Rest of MEA

Reasons to Buy

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• The key findings and recommendations highlight crucial progressive industry trends in the MEA high speed connector market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth MEA market trends and outlook coupled with the factors driving high speed connector market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution