PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455682
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455682
Card connector Market size was valued at USD 1,149.54 Million in 2023, expanding at a CAGR of 7.28% from 2024 to 2032.
Card connectors, also referred to as card edge connectors, serve as specialized electrical connectors meticulously crafted to establish a dependable linkage between printed circuit boards (PCBs) and diverse card or module types. These connectors typically showcase arrays of metal contacts along the PCB edge, aligning with corresponding contacts on the inserted card or module. Widely utilized across various sectors like computer systems, telecommunications gear, industrial apparatus, and consumer electronics, card connectors facilitate the connection of removable modules or expansion cards to the principal PCB, ensuring seamless functionality.
Card connector Market- Market Dynamics
Adoption of smart cards across diverse industries like banking, telecommunications, healthcare, and transportation to propel market demand
The demand for card connectors stems from multiple factors, notably driven by the increasing adoption of smart cards across diverse industries like banking, telecommunications, healthcare, and transportation. As the realm of electronics evolves towards compactness, the requirement for portable gadgets such as wearables, tablets, and smartphones surges. Card connectors play a pivotal role in integrating SIM cards, memory cards, and other card types into these devices, thereby enabling essential functionalities. Moreover, the proliferation of IoT devices across various sectors, including connected cars, smart homes, industrial sensors, and wearable fitness trackers, necessitates robust card connectors to facilitate seamless data transmission. Furthermore, the escalating utilization of contactless payment technologies like NFC and RFID fuels the demand for card connectors enabling contactless payment features in payment terminals and point-of-sale (POS) devices. In addition, the automotive industry's rapid integration of electronic systems and components, encompassing entertainment systems, advanced driver assistance systems (ADAS), and in-car networking, accentuates the significance of card connectors in vehicle electronics, notably in systems like navigation, entertainment, and vehicle diagnostics. Moreover, ongoing technological advancements and product innovations in card connector technology, such as the development of high-speed connectors, ruggedized variants for harsh environments, and connectors with enhanced durability and reliability, contribute significantly to market expansion by meeting evolving industry requirements and performance standards.
Card connector Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.28% over the forecast period (2024-2032)
Based on product type segmentation, SIM card connectors was predicted to show maximum market share in the year 2023
Based on Application segmentation, mobile phones was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Card connector Market is segmented on the basis of Product type, End use, Application, and Region.
The market is divided into four categories based on product type: SIM Card Connectors, Memory Card Connectors, Smart Card Connectors and PC Card Connectors. In the card connector market, SIM card connectors emerge as the predominant type segment in 2023, owing to their extensive utilization in mobile communication devices like smartphones and feature phones. These connectors play a crucial role in facilitating the insertion and removal of SIM cards, essential for establishing cellular connectivity and accessing mobile networks. Given the burgeoning demand for smartphones and the widespread adoption of mobile devices globally, SIM card connectors witness substantial traction, solidifying their dominance within the card connector market. Their standardized design and compatibility across a broad spectrum of mobile devices further bolster their prevalence in the market.
The market is divided into four categories based on Application: Mobile Phones, Tablets and Laptops, Smart Wearables and Point-of-Sale Terminals. Based on application, mobile phones emerge as the leading segment in the card connector market. These devices heavily rely on card connectors for various functionalities, including SIM card integration, memory card expansion, and interfacing with peripheral devices. As smartphones continue to evolve with enhanced features and functionalities, the demand for card connectors remains robust within the mobile phone segment. Moreover, the proliferation of mobile devices and the increasing emphasis on connectivity propel the necessity for dependable and adaptable card connectors in mobile phone applications, further solidifying the segment's significance as a key driver of growth and demand in the card connector market.
Card connector Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
To address the evolving customer needs and technological advancements, companies operating in the card connector market employ diverse strategies. These strategies encompass continual innovation in connector design to enhance performance, durability, and signal integrity, particularly in applications involving high-speed data transmission. Additionally, companies prioritize the development of connectors with increased mating cycles, robustness to withstand challenging environmental conditions, and compatibility with various card form factors and standards. Moreover, marketing initiatives often highlight features such as compact size, easy installation, and reliability to resonate with design engineers and manufacturers across different industries, thereby stimulating adoption and fostering market growth.
In December 2023, KYOCERA AVX, a renowned global manufacturer of advanced electronic components dedicated to accelerating technological innovation and fostering a better future, introduced the new 9159-7X0 Series double-ended linear card-edge connectors equipped with spring contacts.
GLOBAL CARD CONNECTOR MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
TE Connectivity
Molex
Amphenol Corporation
Foxconn Interconnect Technology (FIT)
Kyocera
Japan Aviation Electronics (JAE)
3M
Yamaichi Electronics
Hirose Electric
HARTING Technology Group
Others