North America MIL-DTL-81714 Series II Connectors Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application and End Users

Aircraft Lighting Segment to Dominate North America MIL-DTL-81714 Series II Connectors Market during 2020-2028

According to this research study titled “North America MIL-DTL-81714 Series II Connectors Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Application and End User,” the market is expected to reach US$ 40,194.48 thousand by 2028 from US$ 21,204.02 thousand in 2021. The market is estimated to grow at a CAGR of 9.6% from 2021 to 2028. The report provides trends prevailing in the North America MIL-DTL-81714 Series II Connectors market along with the drivers and restraints pertaining to the market growth. Upcoming of unmanned aerial vehicles is the major factor driving the growth of the North America MIL-DTL-81714 Series II Connectors market. However, issues associated with very few players present in the market hinders the growth of North America MIL-DTL-81714 Series II Connectors market.

The North America MIL-DTL-81714 Series II Connectors market is segmented based on application and end user. Based on application, the North America MIL-DTL-81714 Series II Connectors market is segmented into aircraft lighting, unmanned aerial vehicle, unmanned ground vehicle, and combat systems & weaponry. The aircraft lighting segment held the largest share in 2020 based on application. Similarly, based on end user, the North America MIL-DTL-81714 Series II Connectors market is segmented aircraft manufacturers, UAV manufacturers, UGV manufacturers, aircraft MRO service providers, weaponry manufacturers, and combat system integrators. The aircraft manufacturers segment held the largest share in 2020 based on end user.

North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities to control the spread of infection in the country. The leading aircraft manufacturers and aircraft MRO service providers are witnessing significant losses amid the pandemic. Drastic dip in aircraft manufacturer’s production volumes has hampered the adoption rate of different connectors. However, the governments of the US and Canada have maintained their defense spending levels at normal. For instance, the defense spending in the US reached US$ 778 billion in 2020, with a yearly increase on 4.4%, which led several UAV manufacturers, UGV manufacturers, and weapon and combat system manufacturers to expedite the procurement of power connectors. As a result, the COVID-19 pandemic and its consequences have had a nominal impact on the MIL-DTL-81714 Series II Connectors market in North America.

Amphenol Pcd, Daniels Manufacturing Corporation, DME Interconnect, Souriau SAS, and TE Connectivity Ltd. are among the leading companies

in the North America MIL-DTL-81714 Series II Connectors market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The report segments the North America MIL-DTL-81714 Series II Connectors Market as follows:

North America MIL-DTL-81714 Series II Connectors Market - By Application

• Aircraft Lighting
• Unmanned Aerial Vehicle
• Unmanned Ground Vehicle
• Combat Systems & Weaponry

North America MIL-DTL-81714 Series II Connectors Market - By End User

• Aircraft Manufacturers
• UAV Manufacturers
• UGV Manufacturers
• Aircraft MRO Service Providers
• Weaponry Manufacturers
• Combat System Integrators

North America MIL-DTL-81714 Series II Connectors Market - By Country

• US
• Canada
• Mexico