Wilmington, Delaware, United States, Sept. 25, 2023 (GLOBE NEWSWIRE) — The global press fit connector market is projected to flourish at a CAGR of 4.6% from 2023 to 2031. As per the report published by Transparency Market Research, a valuation of US$ 12.93 billion is anticipated for the market in 2031. As of 2023, the market for press fit connectors is expected to close at US$ 9.0 billion.
Increasing application areas of press-fit connectors, such as aerospace and defense, telecommunications, and electronics; rising demand for electronics intelligent bus systems; and advantages of press-fit connectors are major factors expected to boost the global press-fit connector market during the forecast period.
The proliferation of smartphones, tablets, laptops, and other consumer electronic devices drives the need for compact and reliable connectors. Press-fit connectors are used in…
