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Mission-Critical Interconnect Solution Global Market Report 2023: Featuring 3M, AirBorn, Glenair, Molex, Smiths Inconnected, TE Connectivity & MoreDUBLIN, May 17, 2023 /PRNewswire/ -- The "Mission-Critical Interconnect Solution Market by Component, Technology, Application, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering. The global mission-critical interconnect solution market size reached US$ 25.32 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 59.12 Billion by 2028, exhibiting a CAGR of 15.18% during 2022-2028. The widespread adoption of the solution among businesses and organizations, the rising demand for reducing the size, weight, and power (SWaP) of electronic components, and extensive research and development (R&D) activities represent some of the key factors driving the market. In line with this, the widespread solution adoption among businesses and organizations due to the increasing demand for reliable and secure communication systems to support their operations is favoring the market growth. Additionally, the rising demand for mission-critical interconnect solutions that enable real-time data transfer, improve efficiency, and reduce cost due to the growing adoption of digital technologies in various industries is acting as another growth-inducing factor. Apart from this, the increasing adoption of fifth generation (5G) networks and the Internet of Things (IoT) that help in fast and reliable data transfer is propelling the market growth. Moreover, the widespread utilization of cloud-based solutions to remotely manage and monitor networks and provide a high level of flexibility and scalability is providing an impetus to the market growth. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) with mission-critical interconnect solutions to improve their performance and efficiency and maintain cybersecurity is positively influencing the market growth. Other factors, including the increasing demand for reliable technology for mission-critical applications, extensive research and development (R&D) activities, the rising demand for reducing size, weight, and power (SWaP) of electronic components, widespread adoption of the solution in the aviation industry and the implementation of various government initiatives to offer secure and compliant data transfer are creating a positive outlook for the market. Component Insights:
A detailed breakup and analysis of the mission-critical interconnect solution market based on the component has also been provided in the report. This includes cable assemblies, connectors, connector accessories, PCBs and PCIs and others. According to the report, connectors accounted for the largest market share.
The report has provided a detailed breakup and analysis of the mission-critical interconnect solution market based on the technology. This includes electric, optical fiber, and wireless. According to the report, optical fiber represented the largest segment.
A detailed breakup and analysis of the mission-critical interconnect solution market based on the application has also been provided in the report. This includes commercial aviation, military and defense, space, medical technology, industrial, and others. According to the report, industrial accounted for the largest market share.
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for mission-critical interconnect solution. Some of the factors driving the North America mission-critical interconnect solution market included the implementation of various government initiates, extensive research and development (R&D) activities, and various technological advancements.
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/3bf1j9 About ResearchAndMarkets.com Media Contact: Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/mission-critical-interconnect-solution-global-market-report-2023-featuring-3m-airborn-glenair-molex-smiths-inconnected-te-connectivity--more-301827169.html SOURCE Research and Markets |