April 24, 2024

Connector Market Size To Rise USD 176.13 Billion By 2032

The global connector market size was estimated to be around US$ 83.5 billion in 2022. It is projected to reach US$ 176.13 billion by 2032, indicating a CAGR of 7.80% from 2023 to 2032.

Connector Market Size 2023 To 2032

Key Takeaways

  • Asia Pacific contributed more than 41% of revenue share in 2022.
  • Europe is estimated to expand the fastest CAGR between 2023 and 2032.
  • By product, the PCB connectors segment has held the largest market share of 31% in 2022.
  • By product, the I/O connectors segment is anticipated to grow at a remarkable CAGR of 8.2% between 2023 and 2032.
  • By end user, the telecom segment generated over 32% of revenue share in 2022.
  • By end user, the aerospace and defense segment is expected to expand at the fastest CAGR over the projected period.

Overview

The connector market is a dynamic and integral sector within the electronics industry, playing a crucial role in facilitating seamless communication and power transmission across various devices. Connectors serve as the essential links that enable the interconnection of electronic components, ensuring the smooth functioning of diverse systems, from consumer electronics to industrial machinery.

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Connector Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 7.80%
Market Size in 2023 USD 89.60 Billion
Market Size by 2032 USD 176.13 Billion
Largest Market Asia Pacific
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Product and By End User
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Antioxidants Market Size to Garner USD 6.92 Billion by 2032

Growth Factors:

The growth of the connector market is propelled by several key factors. Technological advancements, particularly in the fields of 5G, IoT (Internet of Things), and electric vehicles, have significantly increased the demand for high-performance connectors. The ever-expanding electronics industry, coupled with the relentless pursuit of miniaturization and enhanced functionality, further fuels the growth. Additionally, the increasing complexity of electronic systems necessitates connectors with higher data transfer rates, reliability, and durability, driving innovation and investment in connector technologies.

Region Snapshot:

The connector market exhibits a global presence, with different regions contributing uniquely to its expansion. Asia-Pacific stands out as a major hub, driven by the flourishing electronics manufacturing industries in countries like China, Japan, and South Korea. North America follows closely, with a strong emphasis on technological innovation and a robust automotive sector.

Connector Market Share, By Region, 2022 (%)

Europe, with its focus on automotive advancements and industrial automation, also plays a significant role in the connector market’s growth. Emerging economies in Latin America and Africa are gradually becoming important markets as they embrace technological advancements and witness increased investments in infrastructure development. The connector market’s regional landscape reflects a diverse interplay of technological progress, industrialization, and market demand across the globe.

Recent Developments

  • In March 2023, Amphenol introduced a reverse bayonet coupling connector designed for easy field installation, simplifying maintenance tasks. The GTC-E Series, an iteration of Amphenol’s GT Reverse Bayonet Coupling Connector Series, proves highly suitable for various applications, including rail, heavy machinery, machine tools, and factory automation. Notably, this connector boasts a UL94-V0 hard plastic insert and features user-friendly crimp contacts, ensuring straightforward on-site repairs with industry-standard crimp tools.
  • In March 2023, Hirose Electric unveiled the IT14 Series, a unique hermaphroditic board-to-board connector capable of supporting lightning-fast 112Gbps PAM4 data transmission.
  • In January 2022, TE Connectivity (TE) presented the DBAS 9 connector, tailored for harsh military and space environments. It offers increased configuration flexibility, providing designers with greater creative freedom in challenging applications.

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Connector Market Players

  • Amphenol
  • TE Connectivity
  • Molex
  • Hirose Electric
  • Delphi Technologies
  • ITT Inc.
  • Yazaki Corporation
  • Foxconn Technology Group
  • Rosenberger
  • LEMO
  • Phoenix Contact
  • Samtec
  • JST
  • Cinch Connectivity Solutions
  • Aptiv

Market Segmentations

By Product

  • PCB Connectors
  • I/O Connectors
  • Circular Connectors
  • Fiber Optic Connectors
  • RF Coaxial Connectors
  • Others

By End User

  • Consumer Electronics
  • Telecom
  • Automotive
  • Energy and Power
  • Aerospace and Defense
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Connector Market 

5.1. COVID-19 Landscape: Connector Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Connector Market, By Product

8.1. Connector Market Revenue and Volume, by Product, 2023-2032

8.1.1. PCB Connectors

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. I/O Connectors

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. Circular Connectors

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

8.1.4. Fiber Optic Connectors

8.1.4.1. Market Revenue and Volume Forecast (2020-2032)

8.1.5. RF Coaxial Connectors

8.1.5.1. Market Revenue and Volume Forecast (2020-2032)

8.1.6. Others

8.1.6.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Connector Market, By End User

9.1. Connector Market Revenue and Volume, by End User, 2023-2032

9.1.1. Consumer Electronics

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. Telecom

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. Automotive

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

9.1.4. Energy and Power

9.1.4.1. Market Revenue and Volume Forecast (2020-2032)

9.1.5. Aerospace and Defense

9.1.5.1. Market Revenue and Volume Forecast (2020-2032)

9.1.6. Others

9.1.6.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Connector Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.1.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.1.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.1.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.2.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.2.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.2.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.2.5.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.2.6.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.3.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.3.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.3.5.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.3.6.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.4.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.4.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.4.5.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.4.6.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.5.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.5.3.2. Market Revenue and Volume Forecast, by End User (2020-2032)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)

10.5.4.2. Market Revenue and Volume Forecast, by End User (2020-2032)

Chapter 11. Company Profiles

11.1. Amphenol

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. TE Connectivity

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Molex

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Hirose Electric

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Delphi Technologies

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. ITT Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Yazaki Corporation

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Foxconn Technology Group

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Rosenberger

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. LEMO

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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