The global bayonet nut connector market was previously valued at USD 2.3 billion in 2021 and is expected to reach USD 2.8 billion by 2028 at a compound annual growth rate of 4.1% during the forecast period.
For interconnected applications which require compact, lightweight, and high-performance components, bayonet nut connectors were developed. Bayonet nut connectors exhibit high-density, smaller, lighter connectors which outperform expectations in terms of performance and quality as compared to other products. For instance, MIL-DTL-38999, was created and assessed in accordance with military specifications.
The increasing technological developments are expected to fulfill the rising demand for small consumer devices since industries prefer miniaturized electronic components. The two industries projected to experience steady growth of the miniaturization of electronic equipment are automotive and consumer electronics. The bayonet nut connector supplies the multipurpose power as well as the component supply voltages. The low costs of the bayonet nut connector market is owing to the expansion of the product across various industries.
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With high portability and tough wiring, bayonet nut connectors are being utilized in the production of small electronic sensors and detectors in the military and defense industries for performing several functions. The increasing demand for miniaturized connectors is driving growth for the bayonet nut connectors market during the forecast period.
The growing demand for miniaturized electronics as well as the widespread adoption of automation technologies is projected to drive the demand for various electronic devices, including a number of electric vehicles.
However, the limited usage of panel space is projected to hinder the growth of the market owing to the inefficiency of these connectors in terms of panel space. Furthermore, bayonet nut connectors are fragile and break easily. This attribute is expected to hinder the growth of the global bayonet nut connectors market during the forecast period.
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On the basis of type, the global bayonet nut connector is categorized into circular Connectors, strip connectors and D connectors. The circular connector segment is expected to account for the largest market share owing to the growing demand for commercial applications and military sectors worldwide. Furthermore, the circular connector showcases several benefits including its robust and lightweight properties.
On the basis of end-user, the global bayonet nut connector market is segmented into consumer electronics, aerospace & defense, automotive, IT & Telecommunications and others. The consumer electronics segment accounted for the largest share during the forecast period owing to the rising usage of these nuts in household and commercial applications. Furthermore, emerging technologies include IoT, artificial intelligence, machine learning, cloud computing and others.
- In March 2022, TE Connectivity launched an innovative cutting-edge new hybrid inline connector. The manufacturing of such connectors is more simple, requires fewer connections, reduces supply chain complexity, and saves money.
- In September 2021, TE Connectivity acquired ERNI Group AG for expansion of their product portfolio with improved focus on high-speed transmission and fine-pitch connectors. These are being utilized across several industries including automotive, medical, factory automation, and other industries.
- In May 2021, Omnetics Connector Corporation introduced the Kilo 360 which is a line of custom-designed micro- and nano-miniature connectors for applications in aerospace and defense applications.
Asia Pacific is projected to dominate the bayonet nut connector market owing to the rising demand for such connectors for computers, communication and consumer electronics applications. Furthemore, the increasing air passenger traffic and rising concerns regarding flight safety, coupled with enhanced features and connectivity is projected to drive the growth of the bayonet nut connector market.
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However, North America is expected to emerge as the fastest-growing region owing to the presence of various key players operating in the market and also the integration of technological advancements is propelling the growth of the global bayonet nut market.
The key industry players in the Omnetics Connector Corporation, Berkshire Hathaway Inc. (TTI, Inc.), AirBorn, Inc., Smiths Connectors, Amphenol RF, COAX Connectors, Franz Binder GmbH & Co. Elektrische Bauelemente KG, Amphenol Corporation, TE Connectivity, Glenair Inc., Hirose Electric Co. Ltd., HUBER+SUHNER, SOURIAU SAS, Winchester Interconnect (Ulti-Mate Connector, Inc.), among others.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Bayonet Nut Connector Market
Chapter 5. Global Bayonet Nut Connector Market Overview, By Type, 2015 – 2028 (USD Million)
Chapter 6. Global Bayonet Nut Connector Market Overview, By End-Use, 2015 – 2028 (USD Million)
Chapter 7. Global Bayonet Nut Connector Market Overview, By Geography, 2015 – 2028 (USD Million)
Chapter 8. North America Bayonet Nut Connector Market Overview, By Countries, 2015 – 2028 (USD Million)
Chapter 9. Europe Bayonet Nut Connector Market Overview, By Countries, 2015 – 2028 (USD Million)
Chapter 10. Asia Pacific Bayonet Nut Connector Market Overview, By Countries, 2015 – 2028 (USD Million)
…Continued
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