DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "Connector-Global Market Trajectory and Analysis" report to the products of ResearchAndMarkets.com.

During the COVID-19 crisis, the global connector market is estimated to be USD 61 billion in 2020 and is expected to reach a revised USD 66.9 billion by 2027, growing at a compound annual growth rate of 1.3% during the analysis period from 2020 to 2027 .

PCB connectors are one of the market segments analyzed in the report, and it is expected that by the end of the analysis period, the compound annual growth rate will reach 1.5% and reach USD 22 billion. After an early analysis of the business impact of the pandemic and the economic crisis it triggered, the growth of the rectangular I/O connector segment was re-adjusted to a revised 1.2% compound annual growth rate for the next 7 years.

The U.S. market is estimated to be $16.6 billion, while China is expected to grow at a compound annual growth rate of 2.9%

The U.S. connector market in 2020 is estimated to be 16.6 billion U.S. dollars. China is the world's second largest economy. It is estimated that by 2027, the market size is expected to reach US$12.6 billion, with a compound annual growth rate of 2.8%. The analysis period is from 2020 to 2027. Among other noteworthy geographic markets, Japan and Canada are forecast to grow by -0% and 1%, respectively, between 2020 and 2027. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 0.4%.

The compound annual growth rate of the circular connector segment market is 1.6%

In the global circular connector segment, the United States, Canada, Japan, China and Europe will drive the segment’s expected compound annual growth rate of 1.3%. By 2020, the total market size of these regional markets will reach 3.7 billion U.S. dollars, and by the end of the analysis period, the total market size is expected to reach 4 billion U.S. dollars. China will remain one of the fastest growing countries in this regional market cluster. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$8.7 billion by 2027, while Latin America will grow at a compound annual growth rate of 2.3% throughout the analysis period.

For more information about this report, please visit https://www.researchandmarkets.com/r/u1r74v

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900