Power Cell Phone Connector Market Research Report - Forecast to 2025
As per the credible sources, cell phone connector market is poised to acquire commendable gains by the year 2025. Rising per capita income along with evolving consumer lifestyle have increased the adoption of consumer electronics for the purpose of communication and entertainment, which in turn is a major factor driving the cell phone connectors market growth. The product is used for various applications within the cell phone such as power supply, data & signal transmission and connectivity among others. Advancements in cell phone technology has led to the development of devices with infinity display, Super AMOLED, IPS-LCD, LED display and foldable displays which is further creating growth opportunities for cell phone connector market.
As per the product type, the market is divided into FPC connector, I/O connector, board to board connector, power connector, card connector and RF connector. The FPC segment of cell phone connector market is expected to register significant growth during the estimated timeframe. Rising adoption of FPC connectors for cell phones with LCD displays is aiding the segmental growth. The product is extensively used for complex circuits including PDA as well as for simple circuit connections. Emergence of cell phones with diverse functions has also increased the usage of FPC connectors.
On the other hand, the power connector segment is set to acquire modest returns in the subsequent years. Integration of advanced features in smartphones such as high resolution displays, larger memory and longer battery life has impelled the demand for fast and efficient power connectors. They offer convenience and features such as charging of multiple devices. Moreover, issues associated with power connectors such as compatibility, mobility and performance create opportunities for manufacturers to design universal power connectors with improved charging efficiency.
Based on the application spectrum, cell phone connector market is bifurcated into feature phone and smart phone. The former segment is presumed to expand moderately during the study period. Preference for using feature phones among the elderly population and small shopkeepers owing to their low cost and longer lifecycle is maintaining the demand feature phone connectors. The absence of internet feature and longer battery life in these phones make them desirable among parents who wish to provide first phone to their child, further aiding the business scenario.
As per the regional analysis, global cell phone connector market is split into Middle East & Africa, South America, North America, Europe and Asia-Pacific. North America industry is slated to witness remunerative growth rate through 2025. Escalating disposable income and increasing awareness pertaining to benefits of smartphones have enhanced the sales, thereby bolstering the demand for cell phones connectors in North America.
TE Connectivity, Molex, LS Mtron, JAE, Amphenol, Acon, Hirose Electric, FOXCONN, LUXSHARE-ICT, SMK, LINKCONN, UJU, Shanghai Laimu Electronic, Shenzhen Everwin Precision, Electric Connector Technology, KYOCERA, JST and Alps Electric are the companies prevailing in cell phone connector market. These market majors are focusing on R&D activities and business strategies not only to develop innovative products but also to gain a competitive edge in the overall market.