Germany and Switzerland Cable Connectors Market

Market Overview

Germany and Switzerland Cable Connectors Market Size Set to Soar: 7.6% CAGR Forecast for the Coming Period

Cable connectors are electromechanical devices that are used to establish a network or circuit between electric devices. Cable connectors are often used for the transmission of audiovisual data, digital information transfer, and the connection between sets of devices.

Cable connectors help the cable assembly operate more efficiently by effectively minimizing power and data loss between the two terminals. The connectors also provide robust assembly and a much safer and more secure way to establish a network connection.

Different types of cable connectors are widely used across numerous industry verticals. For instance, in the automotive industry, connectors allowing higher bandwidth and low latency are used. Whereas, in the marine and oil and gas sectors, the connectors need to be robust in design and must be manufactured to withstand harsh environments. While in the healthcare and medical sectors, the cable connectors should help to maintain the data transfer with high precision and accuracy.

Market Dynamics

Eliminates Soldering Requirements and Provides Ease in Interchangeability

The use of connectors does not necessitate soldering to function and thus provides ease in the establishment of the connection. The solder-free connection also provides easy interchangeability of the defective connectors without damaging the cable or any other equipment in the assembly. Solder-free joints also help to improve electrical consistency and performance. The use of cable connectors paves the way for a secure medium of transmission and reduces interference and current loss

Additionally, the new type of connector provides an impressive speed of data transfer and is capable of withstanding harsh environments. For instance, data transmission using data cables and connectors provides greater bandwidth for the transmission of the data (up to 1 Gigabyte). These improvements provide swift and rapid transfer of data, highlighting the importance of connector assembly.

Robust Built Quality and Diversity in Application

Connectors are manufactured with reliable build quality and are manufactured to perform effectively in the industrial and commercial environment. Due to robust manufacturing practices, the connectors also serve for a longer span and withstand dust, corrosion, and water damage. Further, the connectors have applications for diverse industrial applications, which increases the areas of application for the customers. The connectors can be attached to the audio systems, whereas plugs and jacks can be used in the electromobility solutions of automotive vehicles. The ability to function in such different applications provides an advantage in identifying the broad range of the target customer base.

These cable connectors can be mated and unmated anytime without the requirement of any external equipment and can be easily replaced. Lower installation time and easy techniques are expected to improve the implementation of cable connectors.

Regional Analysis

Based on the region, the Germany and Switzerland Cable Connectors market has been categorized by Germany and Switzerland.

Germany is projected to retain its position as a strong region in the global market. Whereas, the Switzerland market is expected to develop at a remarkable rate in the global market.

Germany is projected to remain a forerunner in the European market and is estimated to account for 80% of the market share, shared by Germany and Switzerland. An extensive manufacturing cluster for automotive vehicle manufacturing is anticipated to drive market growth in Germany. Improved hybrid and electronic mobility solutions, the development of in-vehicle technologies, and the need for technologically advanced battery and charging solutions are propelling the demand for cable connectors in the automotive sector.

Due to the downfall in the economy of Germany, the cable connector market also witnessed a considerable plunge. However, with the keen interest of manufacturers in strategic technological upgradation and an established structural base, the market of Germany is foreseen to progress at a steady pace.

Market growth in Switzerland is mainly due to the strong presence and dominance of the market leaders in the country. It has a market share of approximately 30% in the cable connector market in Europe. Further, the company generates nearly 67.45 percent of overall Europe’s market revenue through operations in Switzerland. This scenario is encouraging the participation of prominent players in the market, thus elevating the opportunities for growth in the Switzerland market.

Also, many companies are entering the market in Switzerland, thereby increasing the competition in the market. The development and infrastructural establishments by manufacturers such as Fischer are expected to further create considerable traction for the cable connector market.

Segmental Analysis

The Development of E-mobility Solutions and Increasing Emphasis on Electric Powered Vehicles Augmenting the Sales in Automotive Applications

The automotive and transportation segment holds a dominant share of the market in Germany and Switzerland. Germany is known to be one of the biggest automotive manufacturing clusters across the globe and also has a commendable share in the sales of automotive vehicles. These opportunities in the automotive sector are expected to propel the market share of the automotive and transportation sectors. Additionally, growing concerns about electro-mobility and hybrid vehicles, the requirement of enhanced functionality, and trends of miniaturization of electrical assemblies are also going to increase the market share of the automotive sector.

The sales of electric vehicles recorded high growth in the European region. Increasing manufacturing and subsequent sales of electric vehicles are expected to add to the market share, providing a strong growth scenario for the market. Although, over the recent past, automotive manufacturing and sales witnessed a considerable decline, which will limit the growth of the market in the segment

The Plugs and Jacks segment is anticipated to hold a substantial share in the market due to the effective use of plugs and jacks across the various applications and variety of connectors. The use of digital data transmission through the cable and more integration of electromechanical devices across applications will increase the prominence and use of plugs and jacks. It also provides a more secure and safe mode of operation across the end-use industries. The use of plugs and jacks is possible in harsh environments and diverse applications.

The development of better-functioning plugs and jacks, considering the specific requirements of the multiple industry verticals, is anticipated to improve the sales of plugs and jacks as compared to the other connectors in the Germany and Switzerland connector market.