PUBLISHER: Bishop & Associates, Inc. | PRODUCT CODE: 1678836
PUBLISHER: Bishop & Associates, Inc. | PRODUCT CODE: 1678836
This "World Connector Market Handbook" report comprehensive seven-chapter, 232-page report analyzes all aspects of the world electronic connector market. This report provides detailed connector statistics by top-level equipment sector and product category for North America, Europe, Japan, China, Asia Pacific, and the ROW region. Included is a complete chapter on worldwide connector industry results by region, top-level equipment sector, and product category. Data is provided for the years 2015 - 2024, and projections for 2025 and 2030 (including five-year CAGRs).
Increasing over $4.6 billion in US dollars, connector industry sales increased +5.6% from 2023 to 2024. Half of the regions saw an increase, while the other three regions saw a decrease in sales. The region showing the greatest increase in sales was the Asia-Pacific region, where sales grew +19.2%, followed by China where sales grew +12.1%. The region showing the greatest decrease in sales was the ROW region, where year-over-year sales declined -15.7%, followed by Japan, where sales declined -13.8%.
Like in previous years, the mixed results in 2024 based on region of the world created a variety of changes to the five, 10-, and 20-year compound annual growth rates (CAGR). The continued decline in Japan, heavily related to the value of the yen versus the dollar, decreased the CAGR further from its already low, while the strong performance in North America and Asia Pacific increased the five-year CAGR when compared to the 10- and 20-year CAGRs. China who previously had the strongest CAGR, has seen it decline as connector sales although remaining positive, have seen lower growth than previously recorded.
Telecom/datacom was the largest end-use equipment sector for electronic connector products with 2024 shipments.