Jumper Wires Market Report
Jumper Wires Market Trends, Dynamics & Market Insights See less
Jumper Wires Market Trends, Dynamics & Market Insights
Jumper Wires Market, By Type (Male-to-Male, Male-to-Female, Female-to-Female), By Design (Solid Tips, Banana Plugs, Crocodile Clips, RCA connectors, Others), By Application (Electronics & Semiconductor, Telecommunication, Automobile, Others) and Region - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global jumper wires market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Jumper Wires Market, By Type (Male-to-Male, Male-to-Female, Female-to-Female), By Design (Solid Tips, Banana Plugs, Crocodile Clips, RCA connectors, Others), By Application (Electronics & Semiconductor, Telecommunication, Automobile, Others) and Region ...
The Jumper Wires Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.
A jumper wire is primarily an electric wire or a bunch of wires which have connector pins at each end that allow connection between two points. These wires are primarily used to set up or configure PCBs such as computers or motherboards.
Key players operating in the jumper wires market are-
Growing semiconductor and electronic sectors at a global level along with a rising need for jumper wires for varied applications is a key factor augmenting the market growth. Also, strong growth in telecommunication and automotive industries coupled with an increasing demand for jumper wires further boosts product penetration. These wires are widely used in various desktop computers due to their features such as flexibility and high PVC insulation. Rising demand for consumer electronics such as cell phones and laptops offers lucrative opportunities to the industry players.
Based on type, the jumper wires market is categorized into male-to-male, male-to-female, and female-to-female. The male-to-male segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Male ends consist of a pin protruding which can plug into things, while female ends do not and are used to plug things into. Male-to-male jumper wires are the most common in consumer electronics, thereby bolstering the segment growth.
By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to an increasing presence of electronics & semiconductor industries in Japan, China, and South Korea as well as the presence of the latest technologies and R&D in the region. Also, surging demand for jumper wires by the widespread automobile companies in the region further proliferates the regional market growth.
The COVID-19 outbreak has significantly affected the jumper wires industry. This is mainly due to soaring coronavirus cases, implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. Disrupted supply chain and limited raw material availability have negatively impacted the market growth.
Here is the list of the group of customers that the jumper wires market hopes to have the greatest opportunity to convert-
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Jumper wires vendors, Jumper wires retailers, Consumer electronics companies, Automotive companies are the target audience in the jumper wires market.
Harting (US), Wurth Electronics (Germany), Hirose Electric (Japan), Schurter (Switzerland), Molex (US), Harwin (UK), 3M (US), SchmartBoard (US), and DuPont (US) are among the key players in the jumper wires market.
Growing semiconductor and electronic sectors at a global level along with a rising need for jumper wires for varied applications is the key factor driving the growth of jumper wires market.
The male-to-male segment is expected to register a healthy CAGR in the jumper wires market in the coming years.
Asia-pacific is expected to grow at the highest CAGR in the jumper wires market during the next five years.