Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Introduction to Micro-Miniature Co-Axial Adapter
Co-axial adapters are used to change the connector type of any two already-terminated cable. They are used to join any two co-axial connectors that are incompatible. In case of incompatibility of one or both connectors with RFID reader, coaxial adapter make them compatible. When an application is in a testing phase, several antennas may be purchased for experimentation. Instead of having several cables with different connectors, one cable and adapter can be used to save time and money.
Micro-miniature Co-axial (MMCX) adapter provides an interface between different radio frequency components that are to be connected. MMCX adapters are useful in connecting cables & equipment and offer compact solutions to space critical radio frequency applications. MMCX adapters are light weight & have high density as compared to other adapters in the business and they comply with European QECC 22000 specifications.
Market Size and Forecast
While considering the growth of the transfer of interconnected data, most information is captured by wireless innovation. Important data travels along the cables where connectors and adapters play an important role in transferring data from one system to another. Today, adapter manufacturers are focusing on improving reliability and device quality by employing new materials and techniques in these devices. The demand for MMCX adapter is growing at a faster rate owing to the need for data security and connector requirements. In recent years, advanced adapters have been developed that can withstand extreme temperatures. High frequency and high-power adapters are being developed according to the market demand.
Enhancement in wireless communication technologies and increasing popularity of smart and inter-connected devices are the factors leading to increase in the growth of the market.
The global micro-miniature co-axial adapter market was valued at USD 3.7 Million in 2018 and is expected to reach USD 5.8 Million by 2027. The market is anticipated to record a CAGR of around 5.7% over the forecast period i.e. 2019-2027. The micro-miniature co-axial market is segmented by type, application and industry vertical. The market is segmented by industry vertical into automotive, healthcare, military, telecom industry out of which, the telecom industry segment is anticipated to have significant growth on account of demand for space saving, compact designs and wireless applications. DOWNLOAD SAMPLE REPORT HERE
On the basis of type, the market is categorized into MMCX to BNC, MMCX to MMCX, MMCX to SMA, MMCX to N, MMCX to AMC and MMCX to MCX. These adapter types are further subdivided according to gender design jack to jack, jack to plug, plug to jack and plug to plug.
In terms of application, the market is segmented by measurement equipment, antenna mounts, panel transitions, radio boards and bulkhead applications. The market is segmented by industry verticals into automotive, healthcare, military, telecom industry and others.
Players in the micro-miniature co-axial market focus on improving the offerings and introduction of advanced products and services to strengthen their position in the market. Over the past years, as the consumers and government have adopted mobile devices, demand for wireless devices has increased to a large extent making to the growth in the micro-miniature co-axial adapters market. Smaller low-cost and low profile MMCX adapters have been projected to have an excellent growth in the coming years owing to new applications having short range transmission being introduced.
Growth Drivers
Increasing popularity of wireless devices
Increase in the demand for smart and interconnected devices for personal and professional purposes is one of the key drivers for the growth of micro-miniature co-axial market during the forecast period.
Advancements in technology
Demand for the MMCX adapters is likely to increase on account of innovations, development in technology and enhancements in the wireless and radio frequency communication. This may boost the growth of the adapters market during the forecasted period.
Restraints
Lack of awareness
Industries lack awareness regarding the adoption of micro-miniature co-axial adaptors which may restrain the growth of the MMCX market in the forecasted period.
Market Segmentation
Our-in depth analysis of the micro-miniature co-axial market includes the following segments:
By Type
By Application
By Industry Verticals
By Region
On the basis of regional analysis, the micro-miniature co-axial market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
At present, the developed countries are experiencing the growth of micro-miniature co-axial adapters market. Additionally, foreign companies are focusing on advanced technologies, strong R&D and leading technicality. Globalization brought low trade barriers and low-cost power cords which helped the developed countries to expand their MMCX adapters market. The Asia-Pacific region is expected to create vast opportunities for the players in the micro-miniature co-axial market during the forecast period owing to the vast number of producers in this region. The share of the Asia-Pacific region is increasing in the international market as compared to other regions leading to increase in international competitiveness. The cheap labor in this region makes the production cost of micro-miniature co-axial adapters to decline and increase in the demand for these adapters.
The micro-miniature co-axial market is further classified on the basis of region as follows:
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