PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532869
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1532869
Board-to-Board Connectors Market size was valued at USD 16,902.32 million in 2023, expanding at a CAGR of 5.90% from 2024 to 2032.
Board-to-board connectors are electronic components designed to connect two separate printed circuit boards (PCBs). They provide a means for electrical signals to pass between PCBs, enabling communication and functionality between different parts of an electronic device or system.
Board-to-Board Connectors Market-Market Dynamics
The increasing trend of miniaturization and the need for high-speed data transmission are expected to propel market demand
As electronic devices continue to become smaller and more compact, there is a growing demand for board-to-board connectors that can accommodate high-density connections while taking up minimal space on PCBs. Various electronic devices and systems are adopting modular designs to facilitate easier assembly, repair, and upgrades. Board-to-board connectors enable the integration of separate modules or PCBs within these designs.
The rising proliferation of IoT devices across various industries requires robust and reliable connectivity solutions between different PCBs. Board-to-board connectors play a crucial role in enabling communication and data transfer within IoT systems. The automotive sector is increasingly incorporating advanced electronic systems for navigation, connectivity, and driver assistance. Board-to-board connectors are essential for connecting various control units and sensors within vehicles. Continuous innovations in connector technology, such as improvements in materials, signal integrity, and durability, are driving the adoption of board-to-board connectors in new and emerging applications.
Board-to-Board Connectors 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 5.90% over the forecast period (2024-2032)
Based on Type segmentation, the pin headers segment was predicted to show maximum market share in the year 2023, owing to their high adoption in major sectors.
Based on Size segmentation, the 1mm to 2mm segment was the leading Size in 2023, due to the high demand for compact sizes and smaller pitches connectors.
Based on End User segmentation, the consumer electronics segment was the leading End User in 2023, owing to high demand from wearables, and IoT devices.
On the basis of region, Asia Pacific was the leading revenue generator in 2023, owing to the adoption of Industry 4.0 in the region.
The Global Board-to-Board Connectors Market is segmented on the basis of Type, Size, End User, and Region.
The market is divided into two categories based on Type: pin headers and sockets. The pin headers segment dominates the market. The sockets segment is estimated to grow at the fastest rate over the forecast period due to its high flexibility and interchangeability.
The market is divided into three categories based on Size: less than 1 mm, 1mm to 2 mm, and greater than 2 mm. The 1 mm to 2 mm segment dominates the market. The lightweight characteristics and electronic device miniaturization are projected to segment growth.
The market is divided into six categories based on End-user: consumer electronics, telecom, industrial automation, automotive, healthcare, and others. The consumer electronics segment dominates the market and is expected to maintain its high dominance during the forecast period. The high demand for IoT devices, smartphones. and other wearables are boosting segment growth.
Board-to-Board Connectors Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America, particularly the United States, is home to many leading technology companies and manufacturers of electronic devices. This drives significant demand for board-to-board connectors. Europe has a strong automotive industry and is a leader in industrial automation. This drives demand for reliable and high-performance board-to-board connectors in vehicle electronics and automation systems.
The Board-to-Board Connectors market is highly competitive in nature. Companies are focusing on developing connectors that support high-density connections while minimizing PCB real estate, catering to the trend of miniaturization in electronics to expand their reach. Further, companies are investing in technologies that improve signal integrity and provide effective electromagnetic interference (EMI) shielding, ensuring robust performance in high-frequency applications. Companies are expanding their geographical footprint through partnerships, acquisitions, and establishing local manufacturing capabilities to better serve regional markets.
In March 2023, Hirose Electric Co. Ltd., introduced the IT14 series of board-to-board connectors to increase their product portfolio.
In April 2022, TE Connectivity introduced a new 369 series connector with more robust quality than conventional products.