Global Interconnect Market 2015-2019: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Sun Sep 06 2015

Interconnect is an electrical connection that connects two or more devices. It derives its applications in the process and discrete industries by facilitating effective interconnection and smooth operations. With the increase in integration of IT and electronics in process and discrete industries, there is a growing need of interconnects which can connect various devices in use and provide real-time information to the operators on shop-floor.

Technavio's analysts forecast the global interconnect market to grow at a CAGR of 8.68% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said, "One major trend in this market is the real-time data for industrial applications. With the advances in hardware components and overall systems, the integration of electronics with industrial applications is becoming increasingly important. The introduction of IT intelligence across the shop floor ensures real-time data from the connected devices. "

According to the report, one key driver of this market is the growing demand for mobility. The automotive segment is one of the major end-users in the interconnect market. There is escalating demand for customized connectors and cable assemblies designed for varied models of automobile. In addition, with the growth in the population worldwide, investment in public and private transport is expected to increase during the forecast period.

Further, the report states that one of the major challenges is absence of uniform standard. The interconnect market caters to industries that need to comply with specific voltage frequency, standards, and plug patterns in their home countries. There is no uniform standard throughout the world.

The key players in the Global Interconnect Market are Amphenol, Foxconn, Molex, TE Connectivity, Yazaki while other prominent vendors include 3M, Alstom SA, Belden Incorporated, Delphi, JST, Phoenix Contact, Rosenberger, Sumitomo Wiring Systems.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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