Connector Global Market Report 2024

Description

A connector is a device designed to establish a link between different components, facilitating the transfer of information, power, or signals between them. These electromechanical components play a crucial role in creating either an electrical or mechanical connection within various circuits or systems.

The primary types of connector products encompass PCB connectors, I/O (input/output) connectors, circular connectors, fiber optic connectors, RF coaxial connectors, rectangular connectors, solar connectors, and patch cords. PCB connectors serve as electrical interfaces facilitating the connection and transmission of signals between printed circuit boards in electronic devices. These connectors are constructed from various materials, including copper, aluminum, stainless steel, plastic, and others. End-users span multiple industries, including consumer electronics, telecommunications, automotive, energy and power, aerospace and defense, among others.

The connector market research report is one of a series of new reports from The Business Research Company that provides connector market statistics, including connector industry global market size, regional shares, competitors with a connector market share, detailed connector market segments, market trends and opportunities, and any further data you may need to thrive in the connector industry. This connector market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The connector market size has grown strongly in recent years. It will grow from $79.10 billion in 2023 to $86.07 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historical period can be attributed to several key factors. These include the rapid expansion of telecommunications, driven by increasing connectivity demands. The computing revolution, marked by advancements in computing technology, also played a significant role in fostering growth. The emergence of high-speed data transmission capabilities further contributed to the expansion, meeting the growing need for efficient data exchange. Additionally, the integration of electronics in automotive systems and the boom in consumer electronics significantly influenced the overall growth during the historic period.

The connector market size is expected to see strong growth in the next few years. It will grow to $110.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated expansion during the forecast period is primarily driven by the deployment of 5G technology, the proliferation of electric vehicles (EVs) and corresponding charging infrastructure, the expansion of the Internet of Things (IoT), integration of edge computing, and the incorporation of artificial intelligence (AI) and machine learning (ML). Key trends expected in the forecast period encompass the miniaturization and high-density connectors, accelerated high-speed data transmission, the emergence of Industry 4.0 and IoT, heightened emphasis on reliability and durability, and progress in materials and sustainability.

The anticipated growth in the automotive industry is poised to drive expansion within the connector market in the foreseeable future. The automotive sector encompasses a spectrum of activities including vehicle design, manufacturing, marketing, and servicing, spanning passenger cars, light trucks, and commercial vehicles. Connectors play a crucial role in the electrical systems of vehicles, facilitating the transmission of power and signals between components, thereby ensuring reliable and secure connections. This contributes significantly to the efficiency and safety of the vehicle's electrical infrastructure. As reported by the Society of Motor Manufacturers and Traders (SMMT) in June 2023, sales of passenger cars in the UK surged by 25.8%, climbing from 140,958 units in 2022 to 177,266 units in 2023. Consequently, the burgeoning automotive industry propels the growth of the connector market.

Key players within the connector market are strategically focused on innovating solutions incorporating advanced technologies, such as high-voltage connector backshells, to establish a competitive advantage. High-voltage connector backshells function as protective enclosures affixed to the rear of high-voltage connectors. For example, in July 2023, ABB Ltd., a Switzerland-based automation firm, unveiled the Harnessflex EVO Connector Interfaces tailored for heavy-duty electric vehicles (EVs). These interfaces enhance cable-to-connector stability in high-voltage scenarios, safeguard critical wiring, and elevate performance and reliability in such applications. The distinctive orange color of the Harnessflex EVO Connector Interfaces signifies robust cable-to-connector strain relief coupled with superior mechanical performance, effectively mitigating debris intrusion and bolstering overall functionality.

In January 2021, Bel Fuse Inc., a prominent electronic connector manufacturing company headquartered in the United States, finalized the acquisition of rms Connectors Inc. The financial terms of the transaction were not disclosed. This strategic acquisition enriches the existing military and aerospace product line offered by Bel's Cinch Connectivity Solutions group by expanding the range of Mil-Spec-qualified connectors available, notably including the MIL-DTL-83723 Series III connector family. rms Connectors, also based in the US, specializes in manufacturing cylindrical electrical connectors crafted from aluminum and stainless steel.

Major companies operating in the connector market report are Japan Aviation Electronics Industry, Ltd., Koch Industries Inc. (Molex LLC), 3M Company, Luxshare Precision Industry Co., Ltd., Prysmian Group, TE Connectivity Ltd., Yazaki Corporation, Amphenol Corporation (Amphenol RF), Nexans SA, Ametek Inc., Phoenix Contact, Molex LLC, Smiths Interconnect, ITT Inc., JAE Electronics Inc., Foxconn Interconnect Technology Limited (FIT), Hirose Electric Co. Ltd., Wurth Elektronik, AVX Corporation, Panduit, Harting Technology Group, Samtec Inc., Cinch Connectivity Solutions, Delphi Technologies, J.S.T. Mfg. Co. Ltd., Axon Cable S.A.S, CUI Global Inc.

Asia-Pacific was the largest region in the connector market in 2023. The regions covered in the connector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the connector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The connector market consists of sales of audio connectors, network connectors, electrical connectors, and more. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Connector Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on connector market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for connector? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The connector market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Product: PCB Connectors; I Or O (Input Or Output) Connectors; Circular Connectors; Fiber Optic Connectors; RF Coaxial Connectors; Rectangular Connectors; Solar Connectors; Patchcord
2) By Material: Copper; Aluminum; Stainless Steel; Plastic; Other Materials
3) By End User: Consumer Electronics; Telecom; Automotive; Energy And Power; Aerospace And Defense; Other End Users
Companies Mentioned: Japan Aviation Electronics Industry, Ltd.; Koch Industries Inc. (Molex LLC); 3M Company; Luxshare Precision Industry Co. Ltd.; Prysmian Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16618

1. Executive Summary

2. Connector Market Characteristics

3. Connector Market Trends And Strategies

4. Connector Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Connector Market Size and Growth

5.1. Global Connector Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Connector Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Connector Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Connector Market Segmentation

6.1. Global Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
PCB Connectors
I Or O (Input Or Output) Connectors
Circular Connectors
Fiber Optic Connectors
RF Coaxial Connectors
Rectangular Connectors
Solar Connectors
Patchcord
6.2. Global Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Copper
Aluminum
Stainless Steel
Plastic
Other Materials
6.3. Global Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Consumer Electronics
Telecom
Automotive
Energy And Power
Aerospace And Defense
Other End Users

7. Connector Market Regional And Country Analysis

7.1. Global Connector Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Connector Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Connector Market

8.1. Asia-Pacific Connector Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Connector Market

9.1. China Connector Market Overview
9.2. China Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Connector Market

10.1. India Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Connector Market

11.1. Japan Connector Market Overview
11.2. Japan Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Connector Market

12.1. Australia Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Connector Market

13.1. Indonesia Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Connector Market

14.1. South Korea Connector Market Overview
14.2. South Korea Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Connector Market

15.1. Western Europe Connector Market Overview
15.2. Western Europe Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Connector Market

16.1. UK Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Connector Market

17.1. Germany Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Connector Market

18.1. France Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Connector Market

19.1. Italy Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Connector Market

20.1. Spain Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Connector Market

21.1. Eastern Europe Connector Market Overview
21.2. Eastern Europe Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Connector Market

22.1. Russia Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Connector Market

23.1. North America Connector Market Overview
23.2. North America Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Connector Market

24.1. USA Connector Market Overview
24.2. USA Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Connector Market

25.1. Canada Connector Market Overview
25.2. Canada Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Connector Market

26.1. South America Connector Market Overview
26.2. South America Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Connector Market

27.1. Brazil Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Connector Market

28.1. Middle East Connector Market Overview
28.2. Middle East Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Connector Market

29.1. Africa Connector Market Overview
29.2. Africa Connector Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Connector Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Connector Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Connector Market Competitive Landscape And Company Profiles

30.1. Connector Market Competitive Landscape
30.2. Connector Market Company Profiles
- 30.2.1. Japan Aviation Electronics Industry, Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Koch Industries Inc. (Molex LLC)
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. 3M Company
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Luxshare Precision Industry Co., Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Prysmian Group
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Connector Market Other Major And Innovative Companies

31.1. TE Connectivity Ltd.
31.2. Yazaki Corporation
31.3. Amphenol Corporation (Amphenol RF)
31.4. Nexans SA
31.5. Ametek Inc.
31.6. Phoenix Contact
31.7. Molex LLC
31.8. Smiths Interconnect
31.9. ITT Inc.
31.10. JAE Electronics Inc.
31.11. Foxconn Interconnect Technology Limited (FIT)
31.12. Hirose Electric Co. Ltd.
31.13. Wurth Elektronik
31.14. AVX Corporation
31.15. Panduit

32. Global Connector Market Competitive Benchmarking

33. Global Connector Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Connector Market

35. Connector Market Future Outlook and Potential Analysis

35.1 Connector Market In 2028 - Countries Offering Most New Opportunities
35.2 Connector Market In 2028 - Segments Offering Most New Opportunities
35.3 Connector Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer