PUBLISHER: Bishop & Associates, Inc. | PRODUCT CODE: 1544164
PUBLISHER: Bishop & Associates, Inc. | PRODUCT CODE: 1544164
This new report furnishes detailed statistics that benchmark the leading connector manufacturers by 2022/2023 total sales, sales by end-use equipment market, sales by product category, and sales by region. All manufacturers are exhibited by 2023 sales and are ranked by region of the world with percent year-to-year change. This report provides all the key data needed to analyze the sales performance of each of the top 100 worldwide electronic connector suppliers.
"The world's top 100 connector manufacturers recorded 2023" shipments of $67.465 billion. This represented 82.4% of the worldwide connector market, down from 83.3% in 2022. The balance of the connector industry had 2023 shipments of $14.389 billion and represented 17.6% of the total market.
Over the last decade, we have identified more than 750 connector manufacturers, many of which have been acquired by larger companies or consolidated to form new connector companies. In fact, if you were to review the list of top 100 connector companies in 2000 with the list of the top 100 connector companies in 2023, you would see that approximately 49% of the companies listed in 2000 were acquired by other companies. In fact, in just the last several years, names like ERNI, Positronic, Genesis Connector Technology, and Winchester, all at one time top 100 place holders have been acquired. And it doesn't appear this consolidation will end. Already two companies on the 2023 top 100 connector manufacturer's list, Carlisle Interconnect (#24) and CommScope (#26) will not return in 2024, as they too have been acquired.
These changes are allowing new companies to appear on Bishop's list of top 100 connector manufacturers. Companies like Qnnect, a portfolio company comprised of connector manufacturers such as Cristek, Fil-Con, Connectronics, and Meritec/Joy Signal, are now listed as the 28th largest connector manufacturer. In addition to this, many connector companies offer highly focused product offerings, or support niche markets or specific regions. We continue to discover additional connector companies, especially in China and other developing countries, as well as non-connector companies who are expanding their current product offering to include interconnect, or who are developing application specific connectors to support their other products.