Global Bayonet Nut Connector Market Size, Share, and COVID-19 Impact Analysis, By Type (Circular Connectors, Strip Connectors, D Connectors), By End-Use (Consumer Electronics, Aerospace & Defense, Automotive, IT & Telecommunications, Manufacturing, Healthcare & Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Analysis and Forecast 2022-2028

KEY MARKET INSIGHTS

The Bayonet Nut Connector Market was valued at US$ 2.3 Bn in 2021 and is projected to reach US$ 2.8 Bn by 2028, at a CAGR of 4.1%. Bayonet nut connector are created for interconnect applications that required small, light, and high-performance components. In terms of performance and quality, this smaller, lighter, high-density connector significantly exceeds expectations. Like MIL-DTL-38999, these connections are developed and evaluated to mil-spec requirements. Bayonet nut connector are used in a variety of industrial applications where small dimensions are required. The medical device industry's expansion is driving up demand for microminiature circular connectors across the world. One of the primary factors driving the global microminiature circular connectors market is the growing need for tiny connectors. Few advancements have been made by government organizations in emerging countries such as India, China, and Brazil to strengthen network infrastructure. As a result of these activities, the need for high-speed data transmission cable connectors is increasing.

COVID-19 ANALYSIS

The global bayonet nut connector market is negatively impacted with the outbreak of COVID-19. The outbreak's consequences and impact are expected to intensify in the coming months as the virus spreads. Several governments of few countries are considering national-level lockdowns as a viable means of controlling viral transmission. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. Shipments of raw materials, as well as revenue produced have fallen. Furthermore, insufficient raw material supply will limit the rate of Bayonet Nut Connector, influencing the management of the Bayonet Nut Connector supply chain. The Airports Council International (ACI) has cautioned that the COVID-19 outbreak's protracted length will have a substantial impact on the region's airport connectivity and economic sustainability, limiting the region's ability to achieve previously estimated growth possibilities. This chain of occurrences is expected to have a negative influence on the growth of the bayonet nut connector market in the future years.

DRIVING FACTORS

Growing Demand of Miniaturization of Electronic Equipment

The increased demand for miniaturized electronic components is attributable to technological advancements that meet the growing demand for compact consumer electronics. The automotive and consumer electronics are the two industries which is getting benefitted majorly from the miniaturization of electronic equipment. The multifunctional power along with supply voltages for the components is provided by the bayonet nut connector. In addition to the space requirements of the application, the costs also play a crucial role for the growth of the global bayonet nut connector market.

RESTRAINTS

Limited Usage of Panel Space May Hinder the Market Growth

One of the main problems limiting market growth is the inefficiency of these connectors in terms of panel space usage. Despite these constraints, growing economies offer microminiature circular connectors market players a plethora of fresh sales opportunities for future expansion is limiting the growth of the global bayonet nut connector market.

SEGMENTATION

The global bayonet nut connector market is segmented by Type (Circular Connectors, Strip Connectors, D Connectors), by End-Use (Consumer Electronics, Aerospace & Defense, Automotive, IT & Telecommunications, Manufacturing, Healthcare & Others) and region. Based on the type, the market is categorized into Circular Connectors, Strip Connectors, D connectors. Based on end-use, the market is categorized into consumer electronics, aerospace & defense, automotive, IT & telecommunications, industrial, healthcare & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Type Insights

Based on the type segment, the global bayonet nut connector market is categorized into Circular Connectors, Strip Connectors and D Connectors. The circular connector segment accounted largest market share due to the growing demand for commercial applications and rugged military across the world. The circular connector has multiple benefits coupled with robustness, lightweight, high density, and shock resistance.

End-Use Insights

Based on the end-use segment, the global bayonet nut connector market is categorized into consumer electronics, aerospace & defense, automotive, IT & Telecommunications & others. The consumer electronics segment accounted largest market share due to the growing demand for household and commercial applications among the population. Increasing smart devices and smart home is propelling the growth of the global bayonet nut connector market. Coupling with advance technologies including IoT, artificial intelligence, machine learning, cloud computing and others are used to secure data and collect information.

REGIONAL INSIGHTS

The global bayonet nut connector market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Asia Pacific is expected to dominate the market share of global bayonet nut connector market owing to the increasing demand for the connectors from computers, communications, and consumer electronics applications, as well as for enhanced features and connectivity products. Furthermore, due to increased air passenger traffic, concerns about flight safety, and lower maintenance costs, the region is witnessing enormous expansion in the aviation sector, which has resulted in a demand for bayonet nut connector. Increasing digitalization and huge population is creating the demand of bayonet nut connector in the region.

North America is anticipated to emerge as the fastest-growing region over the forecast period. Due to the presence of major key players and advanced technologies is propelling the growth of the global bayonet nut connector market.

KEY INDUSTRY

• Omnetics Connector Corporation
• Berkshire Hathaway, Inc. (TTI, Inc.)
• AirBorn, Inc.
• Amphenol RF
• Smiths Connectors
• Amphenol Corporation
• Franz Binder GmbH & Co. Elektrische Bauelemente KG
• Glenair, Inc.
• Hirose Electric Co., Ltd.
• Winchester Interconnect (Ulti-Mate Connector, Inc.)
• COAX Connectors
• HUBER+SUHNER
• SOURIAU SAS
• TE Connectivity
• Others

KEY INDUSTRY DEVELOPMENTS:

March 2022- TE Connectivity has introduced an innovative new hybrid inline connector solution that makes production easier, reduces the number of connections needed, simplifies supply chain complexity, and saves money. TTI, Inc., a leading specialty distributor of electronic components, has announced that it has signed a global distribution agreement with Amphenol Positronic. TTI will provide a broad range of world-class, high-reliability connector solutions for harsh environments, military, and aerospace applications.

September 2021- TE Connectivity acquired ERNI Group AG to expand the product portfolio by focusing on high-speed transmission and fine-pitch connectors for automotive, medical, factory automation, and other industrial applications.

May 2021- Omnetics Connector Corporation has introduced the Kilo 360, a line of custom-designed micro- and nano-miniature connectors for aerospace and defence applications.

April 2021- Winchester Interconnect has acquired Ulti-Mate Connector to focus on the expansion for the enhancement of growing portfolio of custom interconnect solutions for mission-critical applications and manufacturing capabilities.

February 2021- Amphenol RF has acquired Positronic, a global manufacturer of high reliability/harsh environment electronic connector products.

SEGMENTATION

By Type

• Circular Connectors
• Strip Connectors
• D Connectors

By End-Use

• Consumer Electronics
• Aerospace & Defense
• Automotive
• IT & Telecommunications
• Manufacturing
• Healthcare
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia