Global Solid State Connector Market: Snapshot

The demand for solid state connector technologies has got a proportionate boost from rising adoption of solid-state lighting (SLL) technologies. In various parts of the globe, the market for technologies light-emitting diode (LED) or organic light-emitting diode (OLED) has gathered immense pace in recent decades. Choosing the right solid state connector has been one of the key determinants of designing high performing SSL luminaries. The market is witnessing an array of commercial off-the-shelf (COTS) connectors custom designed to meet special performance characteristics. These solid state connectors find attractive use in a variety of application areas mainly including data communications, telecommunications, solar power, military, traffic signs, medical, and electric vehicles. With the noteworthy rising adoption of solid-state lighting technologies among consumers in emerging and developed regions, the demand for solid state connectors will witness wide fillip. This has led manufacturers to engineer specialized solutions in the market.

The demand for solid state lighting technologies to meet specialized environmental and reliability demands is likely to unlock exciting prospects. Engineers are working on innovative designs focused on improving the performance and cost requirements. The rising demand for connector solutions for wire-to-board application in power-intensive environments is also likely to create new avenues in the market. The advent of solid-state lighting connectors that can work in harsh environments is a welcome trend. The market for solid state connector technologies is also expected to benefit substantially from the significant strides being experienced by the information technology and the telecom sector. The widespread application of LEDs in the industrial, commercial and residential sectors is a notable factor expected to aid in the swift expansion of the market. The rising awareness levels of the use of LED in worldwide populations is a striking factor positively impacting the growth of the solid state connector market.

Solid state connector is a device or circuit that is made entirely from solid material and within which electrons and various other charged particles are entirely confine. The working principal of a solid state connector is entirely the same as that of a conventional gas discharge tube device. In a solid state connector the electric charges are confined within the solid elements and are engineered to amplify or switch the electric charges. Current in a solid state connector flows in two form, that is negatively charges electrons and positively charged electron deficiencies termed as holes. A solid state connector is generally used in solid state lighting applications such as light-emitting diode (LED) or organic light-emitting diode (OLED) among others. The market of solid state connector is at the nascent stage at present and is anticipated to grow at an exponential rate in the coming years owing to its increasing adoption across various lighting applications.

In order to provide detailed analysis regarding solid state connector market, the market has been segmented on the basis of connector style, application, end use and geography. Based on connector style, the global solid state connector marker can be classified into plug, receptacle, wire-to-board and wire-to-wire connector.  On the other hand, solid state connector also finds its application across various comms room or server room and outdoor LED lighting. On the basis of end use, solid state connector is generally applied to a printed circuit board and wire or cable. Detailed information regarding all the above mentioned segment in respect of various regions including Europe, North America, Asia Pacific, Middle-East and Africa (MEA) and Latin America is also highlighted in this report.

Initiatives taken by the government to encourage the installation of solid state lighting in order to save considerable amount of energy is the primary factor predicted to boost the demand of solid state connector during the forecast period. According to Department of Energy (DOE), the solid state lighting in anticipated to become the dominant lighting technology in the coming years. This in turn is expected to create a better opportunity for various solid state connector manufacturers across the globe. Moreover, increasing environmental concern across different regions especially in North America, Europe and Asia Pacific is also predicted to augment the market growth of solid state connectors. Considerable efforts are being made by different industrial, commercial and residential sectors to reduce carbon emission through lighting and displays. LEDs helps to keep the environment pollution free and results in less emission of greenhouse gasses (451 pound/ year) as compared to conventional lighting. Moreover, LEDs produces 90% less heat than incandescent and CFL bulbs. Consequently, the demand for LEDs are increasing which in turn is anticipated to boost the demand of solid state connectors rapidly.

However, lack of awareness and high switching cost are some of the major factors predicted to restrain the market growth of solid state connectors during the forecast period. Moreover, even those who are aware of this new technology are differing from there decision owing to huge cost required to modernize the existing lighting system. This factors in turn is expected to affect the global solid state connector market negatively.

Based on application, the global solid state connector market is majorly driven by the outdoor LED lighting segment during the forecast period. On the other hand, comms room is predicted to witness the most promising market in the coming years. Rapid growth and development of information technology sector and telecommunication sector globally is anticipated to trigger the need of modernization of server rooms. This in turn is expected to accelerate the demand of solid state connectors in the coming years.

Geographically, North America held the largest share in the in the solid state connector market. Presence of large number of solid state connector manufacturers in this region is the primary reason behind this region’s dominance. However, in terms of growth, Asia Pacific region is predicted to dominate the global solid state connector market. Various initiatives taken by the government to reduce the demand for conventional lighting in lieu of power efficient and high resolution lighting technology is the primary factor responsible to drive the demand of solid state lighting connector during the during the forecast period.

Some of the major players operating in the solid state connector market include TE Connectivity (Switzerland) and Texas Instruments (U.S) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Solid State Connector Market

Pre Book