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PCB Connector Market Size
- Report ID: GMI7067
- Published Date: Apr 2024
- Report Format: PDF
PCB Connector Market Size
PCB Connector Market was valued at over USD 12.9 billion in 2023 and is estimated to register a CAGR of over 3.5% between 2024 and 2032.
EVs rely on advanced electronic systems for their operations including battery management, power distribution, and motor control. PCB connectors play a crucial role in ensuring the seamless connection of these electronic components. As the EV market expands, the demand for PCB connectors will increase to accommodate the complex wiring & connectivity requirements. Additionally, the trend toward lightweight & compact EV designs places a premium on smaller & more efficient connectors, thereby driving innovations in the field. The transition to EVs also fosters research & development, resulting in the need for cutting-edge PCB connectors to support industry growth; this makes them an integral part of the EV ecosystem. For instance, in September 2022, TE Connectivity launched a new connector that has been designed for use in connections within automotive headlamp units, steering wheel units, and vehicle cameras as well as in the fat-flexible and flexible-printed cables in EV battery management systems.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| PCB Connector Market Size in 2023: | USD 12.9 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 3.6% |
| 2032 Value Projection: | USD 17.5 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 228 |
| Segments covered: | Type, end-use industry, and region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Poor assembly techniques in the PCB connector market are a significant pitfall due to their potential to compromise product quality and reliability. When connectors are not properly assembled, it can lead to intermittent connections, signal degradation, and even physical damage. This can result in increased warranty claims and costly returns for manufacturers. Additionally, subpar assembly practices can lead to reduced durability, hindering the connector’s ability to withstand environmental factors such as moisture, dust, and vibrations. Ultimately, it impacts the overall performance and longevity of electronic devices, eroding customer trust and brand reputation. To thrive in the PCB connector industry, impeccable assembly is paramount to ensure consistent & dependable connectivity.
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PCB Connector Market Scope
