Home > Energy & Power > Electrical Equipment > Connectors > Connector Market

Connector Market Size

Report ID: GMI4852
Published Date: Jul 2023
Report Format: PDF

Download Free Sample

Connector Market Size

Connector Market size was valued at USD 68.5 Billion in 2023 and is set to grow at over 4.1% CAGR between 2024 and 2032. Increasing demand for high-speed data transmission across computers & peripherals will propel industry growth of connectors. Connectors are electromechanical devices that interconnect cables, wires, and hoses to allow smooth flow of electricity. The global connector industry in the past decade has witnessed a significant turnaround, primarily due to the growing application of several networking devices.

To get key market trends

Download Free Sample

The flourishing telecommunication, computer networking and automotive sectors have significantly increased the market demand of connectors across the globe. The rising applications for consumer electronics devices such as white goods and brown goods will proliferate the market growth extensively. Additionally, the growing usage of automation technology across various sectors including industrial, automotive, and defense will further drive the market statistics of PCB connectors.

Connector Market Report Attributes
Report Attribute	Details
Base Year:	2023
Connector Market Size in 2023:	USD 68.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.1%
2032 Value Projection:	USD 98.9 Billion
Historical Data for:	2019 to 2023
No. of Pages:	390
Tables, Charts & Figures:	504
Segments covered:	Product, End Use, & Region
Growth Drivers:	Positive outlook toward automobile industry Expanding telecommunication industry Rapid urbanization along with growing demand for consumer electronic devices
Pitfalls & Challenges:	High penetration of low-quality products

Learn more about the key segments shaping this market

Download Free Sample

Surging demand need for space-saving solutions in various industries such as mobile devices, wearables, and automotive electronics is augmenting the miniaturization, thereby propelling the connector market trend towards smaller and more compact connectors. In addition, with the growth of technologies such as 5G, Internet of Things (IoT), artificial intelligence (AI), and autonomous vehicles, there is a rising demand for high-speed connectors capable of transmitting large amounts of data quickly and reliably.

As data rates continued to increase, connectors needed to support higher bandwidths and ensure signal integrity. Connectors capable of handling high-speed data transmission are in demand to meet the requirements of applications like data centers, telecommunications, and high-performance computing which is further boost the connector market growth.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of connector was valued at over USD 68.5 billion in 2023 and is set to grow at a CAGR of over 4.1% through 2032, backed by the increasing demand for high-speed data transmission across computers & peripherals.

The connector market for telecom end use is anticipated to grow at CAGR of over 5% during 2023 and 2032, owing to shifting focus towards the development of 5G infrastructure along with a substantial rise in Internet usage with increasing demand for secure & reliable communication.

Asia Pacific market for connector is projected to record 4% CAGR through 2032. A positive outlook toward FDI investments for the development of the IT & telecommunication sector, along with rising passenger car demand will boost the APAC industry growth.

Aptiv PLC, TE Connectivity, Amphenol Corporation, Molex Inc, Luxshare Precision Industry Co. Ltd., Foxconn Technology Group, Japan Aviation Electronics Industry, Ltd., Yazaki Corporation, Rosenberger Group amongst others.