What are the recent trends in market size and growth for the connector market?
The connector market size has grown strongly in recent years. It will grow from $86.07 billion in 2024 to $92.65 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to rapid expansion of telecommunications, computing revolution, emergence of high-speed data transmission, automotive electronics integration and consumer electronics boom.
The connector market size is expected to see strong growth in the next few years. It will grow to $117.28 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to 5G technology deployment, electric vehicles (EVs) and charging infrastructure, internet of things (IoT) expansion, edge computing and artificial intelligence (ai) and machine learning (ml) integration. Major trends in the forecast period include miniaturization and high-density connectors, high-speed data transmission, rise of industry 4.0 and IoT, increased focus on reliability and durability, and advancements in materials and sustainability.
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What are the key forces behind the connector market’s growth in recent years?
The growing automotive industry is expected to propel the growth of the connector market going forward. The automotive industry refers to the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles, including passenger automobiles, light trucks, and commercial vehicles. Connectors are used in the electrical systems of vehicles to enable the transmission of power and signals between different components, ensuring reliable and secure connections and contributing to the overall efficiency and safety of the vehicle’s electrical system. For instance, in June 2023, according to reports shared by the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, sales of passenger cars in the UK rose 25.8% from 140,958 units in 2022 to 177,266 units in 2023. Therefore, the growing automotive industry is driving the growth of the connector market.
What are the major segments of the connector market?
The connector market covered in this report is segmented –
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
Subsegments:
1) By PCB Connectors: Pin Headers, Socket Connectors, Board-To-Board Connectors, Wire-To-Board Connectors
2) By I Or O (Input Or Output) Connectors: USB Connectors, HDMI Connectors, Audio Connectors, Video Connectors
3) By Circular Connectors: M Series Connectors, Latching Circular Connectors, Multi-pin Circular Connectors
4) By Fiber Optic Connectors: SC Connectors, LC Connectors, ST Connectors, MTP Or MPO Connectors
5) By RF Coaxial Connectors: BNC Connectors, SMA Connectors, F Connectors, N Connectors
6) By Rectangular Connectors: D-Sub Connectors, Modular Connectors, Terminal Block Connectors
7) By Solar Connectors: MC4 Connectors, PV Connectors, Branch Connectors
8) By Patchcord: Fiber Optic Patchcords, Ethernet Patchcords, Coaxial Patchcords
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Which companies dominate the connector market?
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.
What major trends will shape the connector market during the forecast period?
Major companies operating in the connector market are focusing on developing innovative solutions with advanced technologies, such as high-voltage connector backshells, to gain a competitive edge in the market. High-voltage connector backshells are protective enclosures that attach to the rear of high-voltage connectors. For instance, in July 2023, ABB Ltd., a Switzerland-based automation company, launched the Harnessflex EVO Connector Interfaces for heavy-duty electric vehicles (EV). These connector interfaces increase cable-to-connector stability in high-voltage applications, protect critical wiring, and improve performance and reliability in high-voltage applications. The orange color of the Harnessflex EVO Connector Interfaces indicates high cable-to-connector strain relief with high mechanical performance and prevents debris intrusion.
What are the key regional dynamics of the connector market, and which region leads in market share?
Asia-Pacific was the largest region in the connector market in 2024. The regions covered in the connector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Connector Market Report 2025 Offer?
The connector market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A connector refers to a device that connects one component to another, transferring information, power, or signals between them. These electromechanical components create an electrical or mechanical connection between different parts of a circuit or system.
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