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Mechanical Connectors Market to Grow by USD 4.77 Billion (2024-2028), Rising Automotive Demand Fuels Growth, AI-Powered Report on Market Evolution – Technavio

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NEW YORK, Dec. 13, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global mechanical connectors market size is estimated to grow by USD 4.77 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.6%  during the forecast period. Increasing demand for mechanical connectors in automotive industry is driving market growth, with a trend towards product launches. However, fluctuating raw material prices of mechanical connectors  poses a challenge. Key market players include 3M Co., ABB Ltd., Axis Electrical Components India Pvt. Ltd., Birkett Electric Ltd., Componect AG, Conex Metals, Connector Subsea Solutions, Conway, Electrofocus Electricals, HellermannTyton GmbH, Hirpara Metal Industries, Hubbell Inc., Nexans SA, NILED, NSI Industries LLC, Panduit Corp., Prysmian Spa, Raychem RPG Pvt. Ltd., STATS Group, TE Connectivity Ltd., and Tempo Communications Inc..

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Mechanical Connectors Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.6%

Market growth 2024-2028

USD 4772.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.3

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

3M Co., ABB Ltd., Axis Electrical Components India Pvt. Ltd., Birkett Electric Ltd., Componect AG, Conex Metals, Connector Subsea Solutions, Conway, Electrofocus Electricals, HellermannTyton GmbH, Hirpara Metal Industries, Hubbell Inc., Nexans SA, NILED, NSI Industries LLC, Panduit Corp., Prysmian Spa, Raychem RPG Pvt. Ltd., STATS Group, TE Connectivity Ltd., and Tempo Communications Inc.

Market Driver

The Mechanical Connectors market is experiencing significant growth due to the increasing demand for fixed broadband connections with higher bandwidth. Fiber optic connectors and coaxial cables are popular choices for high-speed data transfer in various sectors. Internal cables & connectors are essential for electronic systems integration in industries like Telecom, Defense, and Oil & Gas. External cables & connectors are crucial for power and signal transmission in Infrastructure Development and Data Centre Investments. Miniature connectors find applications in consumer electronics, automotive sector, and automation technology. Factors like urbanization, raw material prices, and governmental policies impact the market. Fiber optic connectors, copper, and high-speed connectors are key products driving the market. Emerging technologies like 5G, IoT, and autonomous vehicles also provide opportunities. Industries like Aerospace and Defense, Energy & Power, and Submarine Communication are significant consumers. 

The Mechanical Connectors Market is witnessing significant growth as key players are strategically expanding their product portfolios through new product launches. In February 2022, Nexans introduced a new mechanical power connector to their GPH cable connectors and cable lugs range for medium-voltage cables. Likewise, HellermannTyton launched cast resin cable joints in May 2022, featuring a cable connector and constant force springs with straight ends for effortless installation. These new offerings enable companies to cater to diverse end-user requirements and boost their market presence. International and local players dominate the market, with new product launches being a popular growth strategy. 

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Market Challenges

The Mechanical Connectors Market is experiencing significant growth due to the increasing demand for fixed broadband connections with higher bandwidth. Fiber optic connectors and coaxial cables are popular choices for high-speed data transfer in various sectors. These include Telecom, Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Submarine Communication, Digital Data Storage, Automotive Sector, Electric Vehicles, Infrastructure Development, Data Centre Investments, and more. Challenges in this market include raw material prices, signal transmission, and power transmission in various applications such as electronic systems, electrical systems, urbanization, consumer electronics, automation technology, autonomous vehicles, and more. Additionally, the telecom sector’s shift towards 5G technology and IoT technology requires miniature connectors, PCB connectors, and high-speed connectors. Industrialization, governmental policies, and aerospace and defense also impact the market. Copper’s electrical conductivity continues to drive demand for mechanical connectors in various industries. The market’s future looks promising with the ongoing infrastructure development, urbanization, and advancements in technology.The cost of raw materials significantly influences the pricing of mechanical connectors. Key materials used in their manufacturing include aluminum, copper, and brass. Fluctuations in demand from industries utilizing these materials can impact their prices negatively. Additionally, international political scenarios can cause imbalances in the supply and demand of these raw materials, leading to price fluctuations. For instance, in March 2022, aluminum contracts reached record highs of USD3,820/t. Producers must closely monitor these trends to maintain competitive pricing.

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Segment Overview 

This mechanical connectors market report extensively covers market segmentation by  

Type 1.1 Aluminum1.2 Copper1.3 Brass1.4 OthersApplication 2.1 Automotive2.2 Industrial2.3 Aerospace and defense2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Aluminum-  Aluminum connectors are cylindrical components used for terminating electrical wires in machines and electrical equipment, particularly in applications where vibration is a concern. These connectors are commonly found in military, automotive, industrial, and medical equipment. Military-grade aluminum connectors have metal outer shells for sealing. Commercial-grade aluminum connectors are also widely used in industries and automotive applications. TE Connectivity Ltd. And 3M are notable vendors offering aluminum connectors like the AMPLIMITE Ultra-Lite D-Subminiature connector and the metal D-SUB aluminum lightweight connector, respectively. The increasing demand for lightweight miniature connectors is driving market growth, making aluminum connectors a significant segment in the overall market.

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Research Analysis

The Mechanical Connectors Market is witnessing significant growth due to the increasing demand for Fixed Broadband Connections with higher bandwidth. Fiber Optic Connectors and Coaxial Cables are the primary types of mechanical connectors, finding extensive applications in various industries. Internal Cables & Connectors and External Cables & Connectors are essential components in numerous systems, including those used in Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Electronic systems, and Electrical systems. Signal transmission and power transmission are the major applications for mechanical connectors. Urbanization, Consumer electronics, Automation technology, Automotive segment, Advanced safety features, Autonomous vehicles, and the Telecom sector are some key areas driving the market’s growth. The market is also influenced by raw material prices and technological advancements such as 5G technology and IoT technology.

Market Research Overview

The Mechanical Connectors Market is witnessing significant growth due to the increasing demand for Fixed Broadband Connections with higher bandwidth. Fiber Optic Connectors and Coaxial Cables are the primary types of mechanical connectors, with the former gaining popularity in telecommunications, data centers, and infrastructure development due to their superior signal transmission capabilities. Internal Cables & Connectors and External Cables & Connectors are essential components in various industries, including Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Submarine Communication, Digital Data Storage, Automotive Sector, Electric Vehicles, and Infrastructure Development. The market is also driven by the growing demand for High-Speed Data Transfer, Urbanization, Consumer electronics, Automation technology, Autonomous vehicles, Telecom sector, 5G technology, IoT technology, Miniature connectors, PCB connectors, and Quick connectors. Raw material prices, Electronic systems integration, Copper’s electrical conductivity, Industrialization, Governmental policies, High-speed connectors, and applications in Aerospace and defense are other factors influencing the market’s growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeAluminumCopperBrassOthersApplicationAutomotiveIndustrialAerospace And DefenseOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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GRAVITY GAME HUB REVEALS RAGNAROK IDLE ADVENTURE CLOSED BETA DATE

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18 minutes ago

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December 18, 2024

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SINGAPORE, Dec. 17, 2024 /CNW/ — Gravity Game Hub (GGH) PTE.LTD, a subsidiary of GRAVITY Co., Ltd. (NasdaqGM: GRVY) has announced the start of CBT Registration for its widely anticipated AFK mobile game, Ragnarok Idle Adventure. Ragnarok Idle Adventure is based on the popular MMORPG Ragnarok Online, now reimagined as a relaxing, yet engaging casual idle game.

Ragnarok Idle Adventure is a vertical Idle RPG mobile game featuring an easy-to-play RPG and auto-combat system which provides comfort in the RPG gaming experience. Players can complete the missions or challenging dungeons in a single tap, and to progress the character growth and gathering resources even while you’re away.

Players from worldwide, except from Thailand, Mainland China, Taiwan Region, Hong Kong SAR, Macao SAR, South Korea, and Japan, will be able to join the Closed Beta Test from December 19, 2024 10.00 GMT+8.

To join the Ragnarok Idle Adventure Closed Beta, interested players can visit the CBT Official Page https://roidleadventure.go.link/5Pw1l. Do note that the CBT app is available in Google Play Store and Apple TestFlight.

The CBT phase provides an exclusive opportunity for players to provide feedback and shape the final product as the developers work towards perfecting the game’s features and functionality. By participating in the CBT, players get a first-hand experience of the game’s features and have an opportunity to win abundant limited in-game item rewards prior to the Grand Launching phase.

Important: The CBT account, including all characters created, items obtained during the Closed Beta phase, will be RESET (Deleted).

Ragnarok Idle Adventure Core Features

Seamless Idle Experience

Effortless auto-battling lets you claim rewards while you explore, socialize, or simply take a break. Even when you’re Offline, your team fights on, securing your progress and leaving you free to focus on what truly matters.

Strategic Customization

Equip your heroes with powerful cards and enhance their abilities to unlock their full potential.

Iconic characters, Timeless Adventures

Encounter cherished heroes, explore legendary locales, and engage with classic features such as guilds, cards, and fashionable attire.

Fashion & Style

Express your unique flair with a plethora of fashion options, from stylish outfits to awe-inspiring accessories, ensuring you stand out in the crowd.

And there will be tons of upcoming new features and contents in Ragnarok Idle Adventure which will be released regularly in the future.

About Ragnarok Idle Adventure
Genre: Idle RPG
Platform: Mobile (Android & IOS)
Website: https://roidle.gnjoy.asia
Facebook: https://www.facebook.com/ROIdleAdventure
Instagram: https://www.instagram.com/roidleadventureglobal 

About Gravity Game Hub
Established in 2021, Gravity Game Hub (GGH) Pte. Ltd. is a game publisher and developer focusing on online and mobile games. Gravity Game Hub is committed to delivering an interactive gaming experience and creating a dynamic community for all players in South East Asia.

 

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SOURCE Gravity Game Hub (GGH) Pte. Ltd.

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Dye & Durham Announces Voting Results from its Annual General and Special Meeting of Shareholders

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18 minutes ago

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December 18, 2024

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TORONTO, Dec. 17, 2024 /CNW/ – Dye & Durham Limited (TSX: DND) (“Dye & Durham” or the “Company”) announced today the results of voting at its annual general and special meeting of shareholders held on December 17, 2024 (the “Meeting”).

At the Meeting, each of the individuals listed below were elected as directors of the Company. The voting results were as follows:

Nominee

Votes For

% of Votes
For

Votes 
Withheld

% of Votes
Withheld

Hans T. Gieskes

44,434,051

73.41 %

16,098,227

26.59 %

Arnaud Ajdler

36,252,637

60.75 %

23,415,639

39.25 %

Tracey E. Keates

40,072,625

67.18 %

19,098,227

32.82 %

Ritu Khanna

40,884,450

67.55 %

19,641,636

32.45 %

Anthony P. Kinnear

43,606,150

72.04 %

16,926,094

27.96 %

Eric Shahinian

57,301,524

94.64 %

3,247,778

5.36 %

Sid Singh

41,131,068

68.95 %

18,520,144

31.05 %

In addition, an ordinary resolution approving the appointment of Ernst & Young LLP as the Company’s auditors until the next annual meeting of the shareholders of the Company or until its successor is duly appointed and authorizing the directors of the Company to fix its remuneration was passed by 99.83% of the votes represented at the Meeting.

Further, a resolution with respect to the ratification of the issuance of certain options was passed by 62.29% of the votes represented at the Meeting.

An advisory resolution with respect to the Company’s approach to executive compensation was not passed.

Details of the voting results on all matters considered at the Meeting are available in the Company’s report of voting results, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

About Dye & Durham

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The Company has operations in Canada, the United Kingdom, Ireland, Australia and South Africa.

Additional information can be found at www.dyedurham.com.

SOURCE Dye & Durham Limited

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Elitery Joins Google Cloud Managed Security Services Provider (MSSP) Initiative to Enhance Cybersecurity in Indonesia

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18 minutes ago

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December 18, 2024

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JAKARTA, Indonesia, Dec. 18, 2024 /PRNewswire/ — Elitery, a managed IT services company in Indonesia, announced it has joined the Google Cloud Managed Security Services Provider (MSSP) initiative on October, 17th 2024. This collaboration empowers Elitery to deliver cutting-edge, proactive security services that help businesses navigate today’s complex cybersecurity challenges.

Google Cloud’s MSSP initiative offers a range of security solutions and services to help organizations manage their cybersecurity needs effectively. By providing continuous monitoring, threat detection, incident response, and risk management, MSSPs enable businesses to focus on their core operations while ensuring that their digital environments remain secure. By joining this initiative, Elitery enhances its capabilities by leveraging Google Cloud’s advanced cybersecurity tools and expertise to protect clients against ever-evolving cyber threats effectively.

As a Google Cloud MSSP, Elitery gains access to valuable resources and expanded opportunities, enhancing its ability to deliver comprehensive security solutions. This collaboration reflects Elitery’s commitment to providing effective security services to meet the changing needs of clients.

“We are thrilled to be part of Google Cloud’s Managed Security Services Provider initiative,” said Kresna Adiprawira, President Director of Elitery. “This initiative aligns perfectly with our mission to protect our clients’ digital environments with the highest level of security. The resources and support from Google Cloud allow us to elevate our service and offer even greater value to our customers.”

Elitery’s proactive security services are designed to address the most pressing security challenges faced by modern organizations. These services include continuous monitoring, threat detection and response, and comprehensive risk management. By leveraging the capabilities provided through the MSSP initiative, Elitery is equipped to offer advanced security measures that help prevent, detect, and respond to potential threats before they can impact business operations.

Elitery’s participation in the Google Cloud MSSP initiative empowers the company to deliver advanced cybersecurity solutions that address the growing challenges faced by businesses today. This inclusion enhances Elitery’s capabilities, ensuring that clients benefit from the latest security innovations and best practices.

About Elitery

Founded in 2011, PT Data Sinergitama Jaya, Tbk (later known as “Elitery”) is an IT-managed service company that focuses on cloud and cybersecurity services. With a good corporate reputation, Elitery is trusted by world-class cloud services providers, such as Google Cloud as a go-to-market partner in Indonesia.

Since 2011, Elitery has handled many mission-critical systems accessed by tens of millions of users daily. Customers from various sectors, both private and government, have also trusted Elitery. Equipped with the experience and competence that Elitery has, Elitery is confident that it can become a trusted partner for your organization’s digital transformation.

Elitery’s commitment to excellence is reflected in its continuous efforts to stay at the forefront of technology trends and advancements. By participating in initiatives like the MSSP, Elitery demonstrates its dedication to enhancing its service offerings and providing clients with cutting-edge solutions that address their security and IT management needs.

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SOURCE Elitery

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