Contactless Connectivity System Market: Overview
The term connectivity implies the bridging between two or more
elements. The main aspect or feature of any connection lies in its
proper functioning, which involves conveying signals properly and
minimizing the loss of power. Mechanical connectors face problems due
to pollution, temperature changes, vibrations, harsh environments
etc. Recent technological advancements have led to the innovation of
contactless connectivity systems, which would eliminate all the
limitations faced by traditional connectivity. Contactless
connectivity encompasses a wide range of applications across many
industries. Disruptive in nature, this technology denotes a system
that can establish a connection between at least two electronic
systems without any actual physical contact between them. It is based
on contactless data technology and contactless power. The data
transfer from one sub system to another actuates when the connecting
systems are brought near each other, usually called a mating range.
This concept is still relatively new and more research and
development is being carried out in order to manufacture and promote
products that operate using this technology; however owing to its
numerous advantages and features, the contactless connectivity system
market is likely to see good growth in the coming future. Virtually
invisible NFC (Near Field Communication), iBeacon and Bump
technologies are pushing the contactless connectivity system market
to new heights.
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Contactless Connectivity System Market: Growth Propellers
Traditional cables or connectors have many drawbacks with respect to
signal crossing between systems. Contactless connectivity technology
was introduced to overcome these limitations. Mainly, this technology
reduces maintenance costs and improves efficiency. This could be a
major growth driver for the global contactless connectivity system
market. Here, there is no possibility of wear and tear of the
connecting ends as it used to be in traditional connections, which
improves the shelf life dramatically. Another aspect of hygiene comes
into picture. Cables need to be changed after some time as they might
get contaminated, but contactless connectivity technology doesn’t
need any measures to reduce physical contamination, thereby saving
time.
In harsh environments it is easier to use contactless connectivity
technology to carry out operations. Operating underwater, in vacuum
spaces, or on instruments that spin at huge rpm is convenient with
this technology, where traditional connectivity had failed several
times earlier. There are no maintenance costs associated as such with
the devices using contactless connectivity systems, making this
market a lucrative one to invest in. In factories, the time
associated with the supply chain of assembly lines is reduced. For
environments that are deemed hazardous to human beings such as
radioactive chambers and bomb disarmament, robots can be used to
carry out the operations efficiently. However, robotic operations
might fail due to cable failures. Here contactless connectivity
proves pivotal. To sum up, contactless connectivity provides a
reliable, robust and flexible solution for transmission of data
signals and power; and has different applications including factory
automation, injection molding and equipment safety.
Contactless Connectivity System Market: Restraints
Aspects such as acceptance and pricing are major pullers of the
global contactless connectivity system market. Most people are not
aware of the advantages of this technology and stick to traditional
technology with a view that the advanced products or devices are not
user friendly. Moreover, owing to higher pricing of newer
connectivity technologies, many people find it over hyped and
continue using traditional connectivity systems. Also, in contactless
connectivity technology, the devices that need to get connected
should come within close range of one another. In case this range
increases beyond the specified limit – based on the instruments
connected and the data signals to be transferred – there might be
poor connectivity accompanied by loss of signal. These restraints can
become a cause for slow acceptability of the contactless connectivity
technology, thereby restraining its market growth. However, research
and development is being carried out to remove any technological
glitches and improve the quality and features of contactless
connectivity technology and introduce more user-friendly devices in
the market that rely on this technology.
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Contactless Connectivity System Market: Regional Preview
North America is likely to show good growth in this sector owing to
the present and future technological advancements. The region is
totally technology driven and the R&D people strive to innovate
more for the better – reflecting steady growth. European countries
are using contactless connectivity technology to the maximum in the
automobile industry and integrating it in other applications as well.
Japan followed by Europe is also likely to show good growth potential
for this market. India, China, Korea, and other developing countries
are expected to show slow yet steady adoption of contactless
connectivity technology over the forecast period.
Contactless Connectivity System Market: Key Players
Major players operating in the contactless connectivity system market
include TE Connectivity, Corning Incorporated, Amphenol Corporation,
Talkaphone and Plantronics.
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