Jumper Wires Market Growth Analysis

Market Insights

Growing semiconductor and electronic sectors at a global level and a rising need for jumper wires for varied applications are key factors in augmenting market growth. Also, strong growth in the 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.

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.

What is a jumper wire?

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

Key players operating in the jumper wires market are-

• Harting (US)
• Wurth Electronics (Germany)
• Hirose Electric (Japan)
• Schurter (Switzerland)
• Molex (US)
• Harwin (UK)
• 3M (US)
• SchmartBoard (US)
• DuPont (US)

Segment Analysis

By 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.

Regional Trends

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, the surging demand for jumper wires by the widespread automobile companies in the region further proliferates the regional market growth.

To get the full scope of the report, Register here

Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.