The Insight Partners adds: “Pressfit Connectors Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Compliant Pressing and Cold Press-in) and Application (Automotive, Telecommunications, Military and Aerospace, Medical, and Others)” in the Electronics and Semiconductor category of his business.

The press-fit connector market is expected to grow from US$8,045.0 million in 2021 to US$11,069.9 million in 2028; It is estimated to grow at a CAGR of 4.7% between 2021 and 2028.

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Key Recent Developments: Pressfit connector industry

Players operating in the Pressfit Connectors market employ strategies such as mergers, acquisitions, and market initiatives to assert their market position. Below are some developments from key players:

• In June 2021, Sumitomo Electric Industries, Ltd. AirEB. The AirEB is a multi-fiber connector with an expanded beam that provides optical power tolerance to contamination on the connector mating faces, helping to reduce costs for large fiber optic network operators.
• In August 2020, PROVERTHA Connectors, Cables and Solutions GmbH expanded its product portfolio by acquiring ERNI’s D-Sub products and offering high-performance D-Sub solutions for multiple applications.

Growing use of electronics and infotainment systems in the automotive sector

Connected cars, driverless cars, modern telematics and advanced infotainment systems are among the modern trends in the automotive sector that are boosting vehicle sales. Electrical and infotainment systems require advanced connectors to support faster data transfer rates. Therefore, with the increasing electrification of vehicles and the increasing introduction of telematics in them, the demand for press-fit connectors is also increasing….