Japanese Cable Connector Market Overview:
A research team conducted extensive primary and secondary research for the Japanese Cable Connector market analysis. Secondary research was carried out to supplement existing data, segment the market, calculate total market size, and forecast market size and growth rate.
The rising need for smaller cable connections as industry requirements to save more space on general-purpose PCBs is one of the primary growth factors in the Japanese cable connector market. The increasing use of smartphones in Japan necessitated the development of PCBs that could contain an increasing number of transistors. Minimizing the size of PCB connections helps compensate for the extra space required for transistors. One of the primary drivers in the Japanese cable connector market is the rising demand for USB cable connectors.
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Japanese Cable Connector Market Dynamics:
Japan consumes around 15% of the world’s electrical cable connector supply. Japan is home to several major connector manufacturers, including JST, JAE, Yazaki, Hirose, Yamaichi, Honda, and Fujitsu. Japan is home to nearly every major cable connector manufacturer’s engineering, marketing, and production operations. Outside of Japan, interconnect and electromechanical product vendors account for just a tiny fraction of total sales. In the case of semiconductors and passive components, however, this is not the case. Japan is home to five of the top twenty semiconductor vendors. The majority of the others have large manufacturing operations in the area as well. However, many of the most important raw ingredients are sourced from Japan.
Japanese Cable Connector Market Segmentation:
From Vertical In 2027, the Japanese cable connector market is anticipated to be dominated by the manufacturing and industrial sector. This can be attributed to Japan’s status as one of the world market’s “manufacturing superpowers.” Japan now has the third-largest GDP in the world thanks to the manufacturing sector’s contribution to the nation’s economic expansion. Japanese businesses have accelerated their international operations, raising the percentage of their total output that is produced outside of Japan as a result of the growth of developing nations, the maturation of the local market, and the proportionate rise in domestic production costs.
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Japanese Cable Connector Market Key players:
- Yazaki Corporation
- Sumitomo Wiring Systems Ltd.
- JAE
- S.T
- Souden Sangyo Corporation
- Yamaichi Electronics Co., Ltd.
- Tominaga Electric Co., Ltd
COVID-19 Impact on Japanese Cable Connector market:
The Japanese Cable Connector market has been significantly impacted by the COVID-19 outbreak. The development of Japanese Cable Connector production facilities has been halted due to the global economic downturn and a labour shortage. COVID-19 pandemic has resulted in a significant and long-term decrease in production utilisation. Additionally, travel restrictions and facility closures have hampered staff visits, limiting the Japanese Cable Connector market’s growth in 2020. However, given the high demand for Japanese Cable Connector, COVID-19’s market effects are expected to be transitory. The industry is expected to recover completely by early 2021.
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