PUBLISHER: The Business Research Company | PRODUCT CODE: 1682158
PUBLISHER: The Business Research Company | PRODUCT CODE: 1682158
A connector is a device designed to establish a link between different components, facilitating the transfer of information, power, or signals between them. These electromechanical components play a crucial role in creating either an electrical or mechanical connection within various circuits or systems.
The primary types of connector products encompass PCB connectors, I/O (input/output) connectors, circular connectors, fiber optic connectors, RF coaxial connectors, rectangular connectors, solar connectors, and patch cords. PCB connectors serve as electrical interfaces facilitating the connection and transmission of signals between printed circuit boards in electronic devices. These connectors are constructed from various materials, including copper, aluminum, stainless steel, plastic, and others. End-users span multiple industries, including consumer electronics, telecommunications, automotive, energy and power, aerospace and defense, among others.
The connector market research report is one of a series of new reports from The Business Research Company that provides connector market statistics, including connector industry global market size, regional shares, competitors with a connector market share, detailed connector market segments, market trends and opportunities, and any further data you may need to thrive in the connector industry. This connector market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
The anticipated growth in the automotive industry is poised to drive expansion within the connector market in the foreseeable future. The automotive sector encompasses a spectrum of activities including vehicle design, manufacturing, marketing, and servicing, spanning passenger cars, light trucks, and commercial vehicles. Connectors play a crucial role in the electrical systems of vehicles, facilitating the transmission of power and signals between components, thereby ensuring reliable and secure connections. This contributes significantly to the efficiency and safety of the vehicle's electrical infrastructure. As reported by the Society of Motor Manufacturers and Traders (SMMT) in June 2023, sales of passenger cars in the UK surged by 25.8%, climbing from 140,958 units in 2022 to 177,266 units in 2023. Consequently, the burgeoning automotive industry propels the growth of the connector market.
Key players within the connector market are strategically focused on innovating solutions incorporating advanced technologies, such as high-voltage connector backshells, to establish a competitive advantage. High-voltage connector backshells function as protective enclosures affixed to the rear of high-voltage connectors. For example, in July 2023, ABB Ltd., a Switzerland-based automation firm, unveiled the Harnessflex EVO Connector Interfaces tailored for heavy-duty electric vehicles (EVs). These interfaces enhance cable-to-connector stability in high-voltage scenarios, safeguard critical wiring, and elevate performance and reliability in such applications. The distinctive orange color of the Harnessflex EVO Connector Interfaces signifies robust cable-to-connector strain relief coupled with superior mechanical performance, effectively mitigating debris intrusion and bolstering overall functionality.
In January 2022, Trexon, a US-based provider of connectivity solutions, acquired Power Connector Inc. for an undisclosed amount. This acquisition will enhance Trexon's ability to provide advanced connectivity solutions by incorporating Power Connector's expertise in producing high-quality connectors. As a result, Trexon can improve its service offerings across a range of industries. This strategic decision positions the company to better address customer needs and seize new growth opportunities in the market. Power Connector Inc. is a US-based manufacturer specializing in connectors.
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.
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.
The countries covered in the connector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The connector market consists of sales of audio connectors, network connectors, electrical connectors, and more. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Connector Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on connector market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for connector ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The connector market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.