The Jumper Wires Market is segmented 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 (North America, Europe, Asia-Pacific, and the Rest of the World).
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.
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.
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