The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The connector market has witnessed substantial growth recently, increasing from $79.10 billion in 2023 to $86.07 billion in 2024, with a CAGR of 7.7%. This growth is attributed to factors like telecommunications networks expansion, computing revolution driving connector demand, high-speed data transmission technologies emergence, connectors integration in automotive electronics, and consumer electronics production surge. Looking ahead, the market is expected to grow robustly, projected to reach $110.76 billion by 2028, maintaining a CAGR of 6.5%. Anticipated drivers include 5G technology deployment, electric vehicles proliferation necessitating charging infrastructure, IoT ecosystem expansion, edge computing solutions adoption, and AI and ML technologies integration driving connector demand. Major trends include miniaturized and high-density connectors development, high-speed data transmission capabilities advancement, Industry 4.0 and IoT applications rise, reliability and durability of connectors focus, and materials and sustainability practices innovations.

The burgeoning automotive sector is poised to act as a catalyst propelling the expansion of the connector market in the forthcoming years. The automotive industry encompasses various activities ranging from design, development, and manufacturing to marketing, sale, and maintenance of motor vehicles, including passenger cars, light trucks, and commercial vehicles. Connectors play a vital role in the electrical systems of vehicles, facilitating the transmission of power and signals among different components, thereby ensuring reliable and secure connections crucial for the overall efficiency and safety of the vehicle’s electrical system. In June 2023, reports released by the Society of Motor Manufacturers and Traders indicated a notable uptick in passenger car sales in the UK, witnessing a 25.8% surge from 140,958 units in 2022 to 177,266 units in 202Hence, the thriving automotive industry stands as a driving force behind the growth trajectory of the connector market.

Get A Free Sample On The Connector Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=13826&type=smp

What Are The Key Trends That Influence Connector Market Share Analysis?

Companies in the connector market are innovating with technologies such as high-voltage connector backshells. ABB Ltd. introduced Harnessflex EVO Connector Interfaces in July 2023 for heavy-duty electric vehicles, improving stability, protecting wiring, and enhancing performance in high-voltage applications.

Which Market Players Are Driving Growth In 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.

How Is The Global Connector Market Segmented?

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

Read The Full Connector Market Report Here

https://www.thebusinessresearchcompany.com/report/connector-global-market-report

The Connector Global Market Report 2024 provides an overview of the connectormarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The connector market forecast analyzes connector market size, connector market share, leading competitor and their market positions.

The Table Of Content For The Connector Market Include

1. Connector Market Executive Summary
2. Connector Market Segments
3. Connector Market Size And Template Market Growth Rate
4.  Key Connector Market Trends
5. Major Connector Market Drivers
……
25. Key Mergers And Acquisitions In The Connector Market
26. Top Connector Companies
27. Connector Market Opportunities And Strategies
28. Connector Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:

Underwater Connector Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/underwater-connector-global-market-report

High Voltage Wiring Connectors Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/high-voltage-wiring-connectors-global-market-report

Wire-to-Board Connector Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/wire-to-board-connector-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: