Circular Connector Market - By End Use & Forecast, 2024 – 2032

Circular Connector Market Size

The global circular connector market was valued at USD 10.1 billion in 2023 and will grow at rate of 3.3% from 2024 to 2032. Rising industrial automation coupled with expanding electric vehicle market that caters extensive electrical connections will augment the market growth.
 

The increase in automation across industries such as manufacturing, automotive, and aerospace where, the product is known for their robustness, are essential for maintaining reliable connections in high-vibration environments, critical for industrial robotics and automation systems is augmenting the business landscape.
 

Rapid expansion of EV infrastructure is leading to the EV market grows, which in turn is increasing the demand for circular connectors used in charging systems and vehicle components. Their durability and efficiency in handling high-voltage and current loads make them suitable for EV infrastructure and battery management systems.
 

Circular Connector Market Trends

The market is experiencing growth due to increasing demand for waterproof and rugged solutions, particularly in marine, military, and outdoor applications. These industries require connectors capable of withstanding harsh environments, including exposure to water, dust, and extreme temperatures. Advancements in materials science are contributing to the development of circular connectors with enhanced performance, durability, and reliability. Furthermore, the adoption of advanced manufacturing techniques, such as 3D printing, is facilitating rapid prototyping and customization of circular connectors, allowing manufacturers to meet specific industry requirements more efficiently.
 

Circular Connector Market Analysis

The circular connector industry will surpass over USD 13.2 Billion by 2032. Rapid expanding renewable energy growth along with increasing miniaturization of electronics are few of the major market driving factor. The product is crucial in solar panels, wind turbines, and other renewable energy systems. As global investments in renewable energy rise, the need for efficient, durable connectors that can handle environmental stresses becomes critical for the sector's growth. In addition, the trend toward compact, lightweight electronic devices, especially in consumer electronics and telecommunications, drives demand for smaller, yet highly durable circular connectors that offer efficient space-saving and high-performance connectivity.
 

Based on end use, the market is segmented as telecom, transportation, automotive, industrial, computer & peripherals, among others. The telecom industry will grow at a rate of over 3.2% till 2032. With the rapid expansion of high speed internet networks including 5G and fiber optic systems, the demand for circular connectors increases will augemnt down the line. These connectors ensure stable, high-speed data transmission and power supply to network infrastructure.
 

U.S. circular connector market is anticipated to exceed USD 1.8 billion by 2032. The market is experiencing growth due to increasing industrial demand for advanced connectivity solutions. This trend is driven by the need for reliable and efficient data transmission, power delivery, and signal integrity in modern industrial processes. Market expansion is further supported by ongoing technological advancements in circular connector design, focusing on high-speed connectivity and durability to meet the rigorous requirements of industrial environments. These factors collectively contribute to the positive outlook for the U.S. market in the industrial sector.
 

Asia Pacific region, particularly China and India are experiencing substantial growth in industrial connector demand, driven by rapid industrialization, infrastructure expansion, and technological advancements across multiple sectors. Additionally, the transition to digital platforms for procurement and supply chain management is reshaping how connectors are sourced and implemented in industrial applications with a focus on enhancing efficiency and cost-effectiveness.
 

Circular Connector Market Share

Leading companies in the circular connector industry include Amphenol Corporation, Fischer Connectors, Lapp Group, Phoenix Contact, and TE Connectivity. These key players are focused on developing innovative products with advanced features to enhance their market presence. Furthermore, collaborations and partnerships are widely adopted strategies by industry leaders to strengthen their competitive position in the global market.
 

Circular Connector Market Companies

Some of the key market players operating across the circular connector industry are:

• 3M
• Ametek
• Amphenol
• Aptiv
• AVX
• Fischer Connectors
• Foxconn
• GTK
• Hirose Electric
• Japan Aviation Electronics
• Lapp Group
• Luxshare Precision
• Mencom
• Molex
• Phoenix Contact
• Rosenberger
• TE Connectivity
• Yazaki
   

Circular Connector Industry News

• In March 2024, as per India Brand Equity Foundation (IBEF), India plans to offer incentives of up to USD 2.2 billion to boost local manufacturing in six new sectors, including chemicals, shipping containers, and vaccine inputs., which in turn will increase the product deployment across industrial, transportation, and computer & peripherals industries.
   
• In January 2024, the U.S. Department of Energy (DOE) allocated USD 34 million to 12 projects across 11 states to modernize the aging power grid. These initiatives focus on developing cost-effective, high-speed undergrounding technologies, which are expected to boost connector deployment in the electrical & telecom industry.
   

This circular connector market research report includes an in–depth coverage of the industry with estimates & forecast in terms of volume in ‘Million Units’ and revenue in ‘USD Billion’ from 2021 to 2032, for the following segments:

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Market, By End Use

• Telecom
• Transportation
• Automotive
• Industrial
• Computer & peripherals
• Others

The above information has been provided for the following region & countries:

• North America
  • U.S.
  • Canada
  • Mexico 
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
• Latin America
  • Brazil
  • Argentina