Connector Market Size – By Product, By End Use, Analysis, Share, Growth Forecast, 2025 – 2034

Connector Market Size

The global connector market size was valued at USD 71.7 billion in 2024 and is expected to witness a CAGR of 3.9% between 2025 and 2034, owing to growing demand for miniaturized connectors that can deliver high performance. Industries such as consumer electronics, automotive, and telecommunications are increasingly utilizing smaller, more compact connectors to save space while maintaining signal integrity and power delivery.
 

High-bandwidth communication industries, including telecommunications and data centres, are driving the demand for advanced fibre optic connector technologies. For instance, in 2023, the U.S. Department of Energy announced a collaboration with several tech companies to enhance fibre optic infrastructure for data centres. As the automotive industry adopts more sophisticated systems, like electric vehicles (EVs) and autonomous driving technology, the demand for robust, high-performance connectors is surging. For instance, Tesla introduced a new fibre optic connector for its EVs, aiming to improve data transmission efficiency.
 

Connector Market Trends

The automotive industry transitions to electric vehicles due to surging demand for specialized connectors for charging stations, battery systems, and electric drivetrains. High-voltage connectors and high-performance power connectors are especially crucial for these applications. The ever-increasing demand for consumer electronics, such as smartphones, wearables, laptops, and gaming consoles, continues to fuel the growth of the market. These devices require compact, high-speed connectors to ensure performance and connectivity.
 

Connector Market Analysis

PCB connector segment will exceed over USD 19 billion by 2034. The ongoing trend of miniaturizing electronic devices requires smaller, more efficient PCB connectors that can handle high-density circuits and complex designs. This is especially relevant in consumer electronics like smartphones, wearables, and laptops. The rising demand for portable devices like smartphones, laptops, and IoT devices necessitates advanced PCB connectors for internal components, such as processors, memory, and sensors.
 

The telecom end use segment will grow at a CAGR of more than 5% through 2034. The rollout of 5G networks globally is a significant driver for the connector market. High-frequency connectors are required for telecommunications infrastructure, such as base stations, antenna systems, and fibre optic networks, to support 5G's higher data transmission speeds. The ongoing expansion of data centres and the growth of cloud computing services are driving the need for such connectors that can handle high-speed data transmission and provide reliable power management.
 

U.S. connector market is projected to exceed USD 14 billion by 2034. As manufacturing processes in the U.S. become more automated, there’s a greater demand for connectors that facilitate high-speed data transfer and reliable power in robotics, industrial IoT devices, and smart factory systems. These technologies depend on connectors for communication between sensors, machines, and control systems.
 

Asia Pacific is a major manufacturing hub for consumer electronics, from smartphones to laptops to wearables. The growing demand for these products, especially in countries like China, South Korea, and India, is boosting the need for connectors that support high-speed data transfer and power distribution. The drive toward smart cities in Asia is pushing the need for connectors in infrastructure projects, including smart grids, intelligent transportation systems, and smart buildings.
 

Connector Market Share

TE Connectivity has emerged as a prominent player in the connector industry. A leading market share enables companies to fund the development of specialized, high-performance connectors. For instance, connectors for high-frequency applications like RF and fibre optics are often pioneered by large players who have the financial stability to invest in such complex solutions.
 

Connector Market Companies

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

• 3M
• AMETEK Inc.
• Amphenol Corporation
• Aptiv PLC
• AVX Corporation
• Foxconn Technology Group
• GTK UK Ltd.
• Japan Aviation Electronics Industry, Ltd.
• Luxshare Precision Industry Co., Ltd.
• Molex, Inc
• Rosenberger Group
• TE Connectivity
• YAZAKI Corporation
   

Connector Industry News

• In July 2024, the Indian government announced that 5% of the Universal Service Obligation Fund (USOF) was allocated for telecommunications research and development in the 2023 – 24 fiscal year. USOF has since been rebranded as Digital Bharat Nidhi, accompanied by a significant investment exceeding USD 9.5 billion. This funding aims to provide essential capital for the commercialization of R&D efforts within the telecom sector, fostering innovation and technological advancements.
   
• In May 2024, the government of China has established its third planned state-backed investment fund to bolster the semiconductor industry with an investment over USD 47 billion. This in turn will increase the product adoption across consumer electronics & telecommunication industry, thereby adding to the market growth.
   

This connector market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume (Million Units) & revenue (USD Billion) from 2021 to 2034, for the following segments:

Market, By Product

• PCB Connectors
• IO Connectors
• Circular Connectors
• Fiber Optic Connectors
• RF Coaxial Connectors
• Others

Market, By End Use

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

The above information has been provided for the following regions and countries:

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