The aviation connectors market is projected to grow from USD 4.13 Billion in 2016 to USD 5.52 Billion by 2022, at a CAGR of 4.97% during the forecast period. Increasing number of aircraft deliveries coupled with a shift towards electric architecture and technology are the key growth drivers for the aviation connectors market.
The key players in the aviation connector market adopted new product launches, along with partnerships, agreements and collaborations as key strategies for enhancing their market position.
TE Connectivity (Switzerland) is a leading player in the aviation connectors market. In September 2016, TE Connectivity launched the new FullAXS Mini connectors, which are easy to install for rugged and outdoor applications. The FullAXS Mini connector offers 3-sense (visual, audio, and tangible) locking feedback, floating connections, and a twist angle of 30 degrees and can be fixed by field engineers of all levels of experience in a variety of locations. TE connectivity is a pioneer in providing innovative and reliable connectivity solutions for harsh environments. In December 2016, Molex, LLC, and TE Connectivity entered into a Dual Source Alliance (DSA) agreement for the production of an advanced series of high-speed input/output (I/O) and backplane connectors, and cable assemblies.
Amphneol Corporation (U.S.) is also one of the leading players in the aviation connectors market. In April 2016, the company developed ruggedized VPX connectors. These connectors meet the VITA 46 standards, and have been designed for embedded computers used in commercial and military applications. Amphenol Aerospace is the largest producer of connectivity products for military and industrial applications. In April 2013, Amphenol Aerospace partnered with Datakey Electronics for the development of a ruggedized USB flash drive and panel-mount receptacle solution. Datakey Electronics is a developer of rugged and portable memory systems.
Aviation Connectors Market by Application (Landing Gear, Engine Control System, Avionics, Cabin Equipment, Others), Type (PCB, High Power, High Speed, RF Connectors, Fiber Optics), Shape (Circular, Rectangular), & Region - Global Forecast to 2022
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