Board-to-Board Connectors Market Analysis
Based on type, the market is segmented into less than 1mm, 1mm to 2mm, and greater than 2 mm. The greater than 2 mm segment is estimated to register a significant growth rate of over CAGR 6% over the forecast period of 2024-2032.
- Connectors with a pitch greater than 2mm are known for their robustness as well as the ability to withstand mechanical stress and harsh environmental conditions, making them ideal for use in rugged applications. In automotive applications, such as Engine Control Units (ECUs) and airbag systems, connectors with a pitch greater than 2mm offer reliability in challenging conditions.
- The industries comprising heavy machinery & equipment, such as construction and mining, rely on these connectors to ensure stable & durable connections in demanding environments. The military & defense sector utilizes connectors with this pitch range in mission-critical applications to ensure secure & resilient connections in extreme scenarios.
Based on component, the market is segmented into pin headers and sockets. The pin headers segment accounted for a market share of over 60% in 2023.
- Pin headers are fundamental components in electronics prototyping & development as they offer a simple & cost-effective means of creating temporary connections for testing and validation purposes. The availability of pin headers in various pin counts & configurations makes them versatile for use in diverse applications. They are commonly used in single-row or dual-row formats, thereby catering to the different connection needs.
- Manufacturers offer customizable pin headers, allowing engineers to choose specific pin counts, pitches, and other specifications to meet the exact requirements of their designs. This flexibility enhances compatibility with the various boards & applications. Pin headers provide a cost-effective interconnection solution, making them ideal for use in applications with budget constraints. Their affordability doesn't compromise their reliability.
Asia Pacific dominated the global board-to-board connectors market in 2023, accounting for a market share of over 30%. The region is the global manufacturing epicenter; countries including China account for the enormous production of consumer electronics. This manufacturing prowess creates a substantial demand for connectors in various electronic devices. Rapid urbanization across Asia Pacific is also fueling infrastructure development, which is propelling the need for connectors in construction & transportation projects. The emergence of the Internet of Things (IoT) ecosystem in the region is generating lucrative opportunities for connectors as they form the backbone of IoT networks. The Asia Pacific automotive industry is also registering rapid growth, with connectors being the critical components in Advanced Driver-Assistance System (ADAS) & Electric Vehicle (EV) technologies.