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Railway Connectors Market Size, Share, Leading Companies Future Outlook, Share, Trends, Type, Application

The primary factors driving the railway connectors market include the increased number of passengers opting for railways as the mode of transport and adoption of driverless trains by several countries. Increased number of passengers opting for railways as the mode of transport, increased demand for different types of wagons, and adoption of driverless trains by several countries are the major factors driving the railway connectors market.

The global railway connectors market size is expected to grow from USD 802 million in 2018 to USD 1,069 million by 2023, at a CAGR of 5.92% during the forecast period.

The railway connectors market has been segmented by application into Diesel Multiple Units (DMUs), Electric Multiple Units (EMUs), light rails/trams, subways/metros, and passenger coaches. Among these, subways/metros is expected to be the fastest-growing segment in the market. A metro system requires more powerful units and high initial investment for infrastructure than a light rail/tram system. In the light rail/trams segment, the market for metro vehicles is expected to grow substantially in future because of increasing urbanization and the growing need for a sustainable mode of transportation. The demand for metro vehicles is estimated to be high in future in developed regions such as Europe owing to existing infrastructure.

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The railway connectors market has been segmented by connector type into six categories: broad level connectors/PCB connectors, power connectors, RF/HF coaxial connectors, data connectors, pogo pin connectors/spring load connectors, and modular & mix connectors. Among these, power connectors is expected to be the fastest-growing segment in the railway connectors market. The railway connectors market is experiencing increasing power and voltage demand for specific critical applications such as metro rail, light/tram rail, base station installations, etc. Power connectors that transmit high power are used in high power connector applications.

Regional Outlook

Europe is expected to have the largest market size for railway connectors during the forecast period.

Europe is estimated to account for the largest share of the railway connectors market in 2018. This region is highly fragmented with a large number of railway connectors manufacturers, namely, Fischer Connectors (Switzerland), Schaltbau (Germany), and TT Electronics (UK), among others. Most European vehicles are equipped with high-end technology that includes wireless radio connection, wireless data transmission, eco-friendly cars, and comfort features. However, adoption of high-end technology is lower in the East European countries compared to the West European countries such as the UK, Germany, France, and Spain. This provides rolling stock OEMs an opportunity to increase their presence in Eastern Europe. France has plans to increase the number of rail lines and tramway locomotives.

Top players have adopted various growth strategies, such as partnerships, agreements, and collaborations and new product launches, to further expand their presence in the railway connectors market. Partnerships and new product launches have been the most dominating strategy adopted by major players from 2016 to 2018, which helped them innovate on their offerings and broaden their customer base.

Key Companies Outlook

Major vendors in the railway connectors market include are TE Connectivity (Switzerland), Amphenol Corporation (US), Molex Incorporated (US), ITT (US), Smiths Interconnect (US), Fischer Connectors (Switzerland), Esterline Technologies (US), Schaltbau (Germany), and Sichuan Yonggui Science and Technology (China).

TE Connectivity (Switzerland) is one of the leading companies involved in developing and designing railway connectors for various applications, including Diesel Multiple Unit (DMU), Electric Multiple Unit (EMU), passenger coaches, and light rails/trams. The company believes in establishing its brand identity through a commitment to reliability and efficiency of products and processes that help achieve maximum customer satisfaction. For instance, in September 2018, TE Connectivity launched 124 position Sliver internal I/O connectors and cable assemblies, which provide a high density solution that enables up to x20 signal transmission lanes, or 40 differential pairs.

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