The global contactless connector market is anticipated to grow at a CAGR of 17.2% during the forecast period (2024–2031). The market growth is attributed to a rise in the adoption of Internetof Things(IoT) technology globally. Contactless connectors facilitate data exchange and communication between IoT devices including smart home devices, industrial automation, and healthcare systems., thus facilitating the integration of controllers, sensors, and actuators without physical linkages. For instance, in December 2023, Qualcomm expanded its offering to simplify and accelerate IoT across multiple industries. Qualcomm Technologies, Inc., announced the Qualcomm Aware platform, which empowers developers and enterprises to harness real-time information and data insights to accelerate their digital transformation programs. The platform will provide a new baseline for IoT and help enterprises drive operational efficiencies. Among the critical use cases to be served by Qualcomm Aware are cold chain distribution, utility asset monitoring, cargo shipment tracking, and warehouse and inventory management.
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Moreover, collaborations and investment havebeen on a constant rise in consumer electronics, cloud services, and advanced technology space. For instance, in May 2022, STMicroelectronics and Amazon Web Services (AWS) collaborated to secure IoT connections to the AWS cloud. STMicroelectronics serving customers across the spectrum of electronics applications, created a new AWS FreeRTOS-qualified, TF-M-based reference implementation, working in conjunction with Amazon web services (AWS), an ST-authorized partner, to easily and securely connect Internetof Things (IoT) devices to the AWS cloud.
Market Coverage
- The market number available for 2023-2031
- Base year: 2024
- Forecast period: 2024-2031
- Segment Covered-
o By Product Type
o By Mode Of Operation
o By Industry Vertical
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape Include: STMicroelectronics International N.V., TE Connectivity Corp., Molex LLC, Radiall SA, and Rosenberger Hochfrequenztechnik GmbH & Co. KG
Key questions addressed by the report
- What is the market’s growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Contactless Connector Market Report Segment
By Product Type
- NFC connectors
- RFID connectors
- Wireless charging connectors
- Wireless Data Transfer Connectors
- Infrared Wireless Connections
By Mode Of Operation
- Full-duplex Connectivity
- Half-Duplex Connectivity
- Simplex Connectivity
By Industry Vertical
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
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Contactless Connectors Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Schleifring Gmbh
- Moog Inc.
- Spinner GmbH
- Phoenix Contact
- Cobham Ltd.
- NSD Corp.
- Weidmüller Interface GmbH & Co.KG
- Mercotac Inc.
- YAZAKI Corp.
- Uniqconn Inc.
- Induct EV Inc.
- Jonhon Optronic Technology Co., Ltd
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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