The microminiature circular connectors market in South and Central America is expected to grow from US$ 148.37 Mn in 2019 to US$ 191.68 Mn by 2027; it is estimated to grow at a CAGR of 3.3% from 2020 to 2027.
Technological developments have had a direct impact on the economy of Brazil and Argentina that has advanced to a large extent. Owing to the changing economic condition in the region, government enterprises and businesses in the region are keen to implement and incorporate the upcoming technologies. The region is highly focused on investing in the medical and aerospace industry, where the demand for connectors is high. Owing to growing production of miniaturized devices for the treatment of several diseases, the market for microminiature circular connectors in the medical industry is expected to increase in SAM. Ambulatory surgery centers & clinics are anticipated to witness huge growth in the market, owing to the increasing use of various medical devices that utilize microminiature circular connectors. The microminiature circular connectors market offers massive opportunities for the vendors in the region to grow, owing to the availability of new sales markets in emerging countries. Countries such as Brazil and Argentina have massive growth potential for the market during the forecast years due to their growing healthcare as well as aerospace and defense expenditure.
The metal shell segment led the South and Central America microminiature circular connectors market based on type in 2019. Metal Shell Microminiature connector is a complete line of the ideal for rugged military and commercial applications of small circular connectors. The micro circular metal-shell connectors are versatile, tested for harsh environments, and offer multiple coupling styles, contacts, and mounting options. Various connector coupling styles, pin counts, and shell sizes provide a full range of options for any military operating environment. Usually, the metal-shell micro circular connectors have an operating temperature range of minus 55 degrees Celsius to 150 degrees Celsius and can withstand salt spray for up to 120 hours. The new connectors offer several styles of coupling that include push-pull, bayonet, and threaded. They are designed to save rugged durability, space, and weight in commercial aerospace applications as well as military vehicles, radios, and equipment used by soldiers.
The South American region is predominantly dominated by selected number of countries such as Brazil, Argentina and Ecuador among selected few others. Moreover, the region also significantly constitutes various island nations and small countries contributing for limited demand for miniature connectors. Apart from Brazil, several prominent countries in the South American region have initiated lockdown to mitigate the impact of COVID-19 across their countries and thus significantly negatively impacting the regions demand for microminiature circular connectors market.
The overall South and Central America microminiature circular connectors market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the South and Central America microminiature circular connectors market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants that are typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the South and Central America microminiature circular connectors market. Amphenol Corporation, HUBER+SUHNER, ITT, Inc., TE Connectivity, are among a few players operating in the South and Central America microminiature circular connectors market.