The global magnetic connectors market was valued at $1.4 billion in 2021 and is projected to reach $8.1 billion by 2031, registering a CAGR of 19.2% from 2022 to 2031. Magnetic connectors have various applications such as consumer electronics, smart wearables, drones, unmanned aerial vehicles (UAV), and others.
The market for magnetic connectors is anticipated to expand significantly during the projected period due to an increase in the use of magnetic connections in smartphone charging cables and other sophisticated equipment like drones and unmanned aerial vehicles. In addition, the expansion of the global magnetic connectors market is fueled by an increase in medical equipment spending. Further, the development of novel electric vehicle (EV) solutions is anticipated to fuel market expansion, during the forecast period. One of the key factors limiting the growth of the global magnetic connectors market is the rise in demand for wireless connectivity solutions for charging consumer goods and electric vehicles (EVs). Instead, an increase in investment in medical equipment and discovering untapped developing markets are anticipated to create profitable prospects for the expansion of magnetic connectors during the forecast period.
The global magnetic connectors market is segmented on the basis of product, application, industry vertical and region. On the basis of product, the market is divided into PCB, solder and cable. By application, the market is segmented into consumer products, medical equipment, and intelligent equipment. By industry vertical, the market is segregated into consumer electronics, healthcare, industrial, aerospace, and automotive.
The key players that operate in the market include Rosenberger, TT Electronics plc, RS Components & Controls (I) Ltd., Amphenol Corporation, Nano Magnetics Ltd, CFE CORPORATION PTE. LTD, HytePro Technologies Limited, Belkin International, Inc (Foxcon), C. C. P. Contact Probes Co., Ltd., Softbank Robotics Europe, Koninklijke Philips N. V., Olight Technology, SPS Inc., Apple Inc., Adam Tech Interconnects, Exceltec Inc. and Braincept AG.
The market for magnetic connectors is anticipated to expand significantly during the projected period due to an increase in the use of magnetic connections in smartphone charging cables and other sophisticated equipment like drones and unmanned aerial vehicles. In addition, the expansion of the global magnetic connectors market is fueled by an increase in medical equipment spending. Further, the development of novel electric vehicle (EV) solutions is anticipated to fuel market expansion, during the forecast period. One of the key factors limiting the growth of the global magnetic connectors market is the rise in demand for wireless connectivity solutions for charging consumer goods and electric vehicles (EVs). Instead, an increase in investment in medical equipment and discovering untapped developing markets are anticipated to create profitable prospects for the expansion of magnetic connectors during the forecast period.
The global magnetic connectors market is segmented on the basis of product, application, industry vertical and region. On the basis of product, the market is divided into PCB, solder and cable. By application, the market is segmented into consumer products, medical equipment, and intelligent equipment. By industry vertical, the market is segregated into consumer electronics, healthcare, industrial, aerospace, and automotive.
The key players that operate in the market include Rosenberger, TT Electronics plc, RS Components & Controls (I) Ltd., Amphenol Corporation, Nano Magnetics Ltd, CFE CORPORATION PTE. LTD, HytePro Technologies Limited, Belkin International, Inc (Foxcon), C. C. P. Contact Probes Co., Ltd., Softbank Robotics Europe, Koninklijke Philips N. V., Olight Technology, SPS Inc., Apple Inc., Adam Tech Interconnects, Exceltec Inc. and Braincept AG.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the magnetic connector market analysis from 2021 to 2031 to identify the prevailing magnetic connector market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- An in-depth analysis of the magnetic connector market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global magnetic connector market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
- PCB
- Solder
- Cable
By Application
- Consumer Products
- Consumer Products
- Smart Werable devices
- 3c Consumer Products
- Medical Equipment
- Intelligent equipment
By Industry Vertical
- Consumer Electronics
- Healthcare
- Industrial
- Aerospace
- Automotive
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- TT Electronics
- Rosenberger
- RS Components & Controls (I) Ltd.
- Amphenol Corporation
- Nano Magnetics Ltd
- CFE Corporation. Co., Ltd
- Belkin International, Inc
- C. C. P. Contact Probes Co., Ltd.
- Softbank robotics Europe
- SPS Inc.
- Olight Technology
- Apple Inc.
- Adam Tech
- Exceltec Inc
- HytePro Technologies Limited
- GlobTek, Inc
- Philips N. V
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: MAGNETIC CONNECTOR MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 PCB
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Solder
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Cable
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: MAGNETIC CONNECTOR MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Consumer Products
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.2.4 Consumer Products Magnetic Connector Market by Consumer Products
5.2.4.1 Smart Werable devices Market size and forecast, by region
5.2.4.2 Smart Werable devices Market size and forecast, by country
5.2.4.3 3c Consumer Products Market size and forecast, by region
5.2.4.4 3c Consumer Products Market size and forecast, by country
5.3 Medical Equipment
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Intelligent equipment
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: MAGNETIC CONNECTOR MARKET, BY INDUSTRY VERTICAL
6.1 Overview
6.1.1 Market size and forecast
6.2 Consumer Electronics
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Healthcare
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Industrial
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Aerospace
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Automotive
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: MAGNETIC CONNECTOR MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product
7.2.3 North America Market size and forecast, by Application
7.2.3.1 North America Consumer Products Magnetic Connector Market by Consumer Products
7.2.4 North America Market size and forecast, by Industry Vertical
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Product
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.2.1 U. S. Consumer Products Magnetic Connector Market by Consumer Products
7.2.5.1.3 Market size and forecast, by Industry Vertical
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.2.1 Canada Consumer Products Magnetic Connector Market by Consumer Products
7.2.5.2.3 Market size and forecast, by Industry Vertical
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.2.1 Mexico Consumer Products Magnetic Connector Market by Consumer Products
7.2.5.3.3 Market size and forecast, by Industry Vertical
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product
7.3.3 Europe Market size and forecast, by Application
7.3.3.1 Europe Consumer Products Magnetic Connector Market by Consumer Products
7.3.4 Europe Market size and forecast, by Industry Vertical
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Product
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.2.1 UK Consumer Products Magnetic Connector Market by Consumer Products
7.3.5.1.3 Market size and forecast, by Industry Vertical
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Product
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.2.1 Germany Consumer Products Magnetic Connector Market by Consumer Products
7.3.5.2.3 Market size and forecast, by Industry Vertical
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Product
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.2.1 France Consumer Products Magnetic Connector Market by Consumer Products
7.3.5.3.3 Market size and forecast, by Industry Vertical
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Product
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.2.1 Italy Consumer Products Magnetic Connector Market by Consumer Products
7.3.5.4.3 Market size and forecast, by Industry Vertical
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Product
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.2.1 Spain Consumer Products Magnetic Connector Market by Consumer Products
7.3.5.5.3 Market size and forecast, by Industry Vertical
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Product
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.2.1 Rest of Europe Consumer Products Magnetic Connector Market by Consumer Products
7.3.5.6.3 Market size and forecast, by Industry Vertical
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.3.1 Asia-Pacific Consumer Products Magnetic Connector Market by Consumer Products
7.4.4 Asia-Pacific Market size and forecast, by Industry Vertical
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Product
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.2.1 China Consumer Products Magnetic Connector Market by Consumer Products
7.4.5.1.3 Market size and forecast, by Industry Vertical
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Product
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.2.1 Japan Consumer Products Magnetic Connector Market by Consumer Products
7.4.5.2.3 Market size and forecast, by Industry Vertical
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Product
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.2.1 India Consumer Products Magnetic Connector Market by Consumer Products
7.4.5.3.3 Market size and forecast, by Industry Vertical
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Product
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.2.1 South Korea Consumer Products Magnetic Connector Market by Consumer Products
7.4.5.4.3 Market size and forecast, by Industry Vertical
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Product
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.2.1 Australia Consumer Products Magnetic Connector Market by Consumer Products
7.4.5.5.3 Market size and forecast, by Industry Vertical
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Product
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.2.1 Rest of Asia-Pacific Consumer Products Magnetic Connector Market by Consumer Products
7.4.5.6.3 Market size and forecast, by Industry Vertical
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product
7.5.3 LAMEA Market size and forecast, by Application
7.5.3.1 LAMEA Consumer Products Magnetic Connector Market by Consumer Products
7.5.4 LAMEA Market size and forecast, by Industry Vertical
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Product
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.2.1 Latin America Consumer Products Magnetic Connector Market by Consumer Products
7.5.5.1.3 Market size and forecast, by Industry Vertical
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Product
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.2.1 Middle East Consumer Products Magnetic Connector Market by Consumer Products
7.5.5.2.3 Market size and forecast, by Industry Vertical
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Product
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.2.1 Africa Consumer Products Magnetic Connector Market by Consumer Products
7.5.5.3.3 Market size and forecast, by Industry Vertical
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 TT Electronics
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Rosenberger
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 RS Components & Controls (I) Ltd.
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Amphenol Corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Nano Magnetics Ltd
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 CFE Corporation. Co.,Ltd
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Belkin International, Inc
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 C. C. P. Contact Probes Co., Ltd.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Softbank robotics Europe
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 SPS Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Olight Technology
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Apple Inc.
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Adam Tech
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Exceltec Inc
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 HytePro Technologies Limited
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 GlobTek, Inc
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Philips N. V
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Magnetic Connector Market,' the magnetic connector market was valued at $1.4 billion in 2021, and is estimated to reach $8.2 billion by 2031, growing at a CAGR of 19.2% from 2022 to 2031.Magnetic connectors are essential components in wearables applications for monitoring body temperature, heart rate, respiration rate, and blood pressure (BP). The interconnects provide a secure connection between sensors that are worn on the clothes or attached to the body due to their compact and strong magnetic connections. The current magnetic connector manufacturing environment needs to raise the output rate to fulfill high demand as fierce competition drives the need for technological innovation.
The growth of the Global magnetic connector market size is majorly driven by the digitalization and electrification of intelligent equipment paired with the development of innovative electric vehicle (EVs) solutions. Further, a rise in medical equipment expenditure is anticipated to drive the growth of the market. However, the advent of wireless charging solutions could be a restraint of the global magnetic connector market during the forecast period. On the contrary, the opportunity lies in rising in investment in medical equipment and focusing on large and small business growth in Africa and Latin America regions for the global magnetic connector market during the forecast period.
According to magnetic connector market analysis, the consumer electronics segment was the highest contributor to the magnetic connector industry in 2021, whereas the consumer products and medical equipment segments collectively accounted for around 80.7% market share in 2021. The surge in demand for magnetic connectors solution in consumer products and medical equipment sector globally has led to the growth of the consumer electronics and healthcare segments, thereby enhancing the market growth.
The outbreak of COVID-19 has significantly impacted the magnetic connector market trends globally owing to a significant impact on prime market players operating within this region. Conversely, the rise in demand for home healthcare solutions has led to a significant rise in magnetic connectors globally, which is anticipated to drive the market growth post-pandemic. However, the lack of availability of a professional workforce due to partial and complete lockdowns implemented by governments restrained the growth of the global magnetic connector market. On the contrary, the emerging economies of LAMEA witness the need for interconnects original equipment manufacturers (OEMs) to open manufacturing units, which will benefit the region as well as provide employment. Thus, it is expected to boost the global magnetic connector market growth positively.
The key players profiled in the report include Rosenberger, TT Electronics plc, RS Components & Controls (I) Ltd., Amphenol Corporation, Nano Magnetics Ltd, CFE CORPORATION PTE. LTD, HytePro Technologies Limited, Belkin International, Inc (Foxcon), C.C.P. Contact Probes Co., Ltd., Softbank Robotics Europe, Koninklijke Philips N.V., Olight Technology, SPS Inc., Apple Inc., Adam Tech Interconnects, Exceltec Inc. and Braincept AG. Market players have adopted various strategies such as product launch, collaboration, partnership, joint venture, and acquisition to expand their foothold in the global magnetic connector market share.
Companies Mentioned
- Tt Electronics
- Rosenberger
- Rs Components & Controls (I) Ltd.
- Amphenol Corporation
- Nano Magnetics Ltd.
- Cfe Corporation.Co.,Ltd.
- Belkin International, Inc.
- C.C.P. Contact Probes Co. Ltd.
- Softbank Robotics Europe
- Sps Inc.
- Olight Technology
- Apple Inc.
- Adam Tech
- Exceltec Inc.
- Hytepro Technologies Limited
- Globtek, Inc.
- Philips N.V
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 265 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1.4 billion |
| Forecasted Market Value ( USD | $ 8.1 billion |
| Compound Annual Growth Rate | 19.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
