Connector Market
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The global connector market size was valued at USD 71.7 billion in 2024 and is expected to witness a CAGR of 3.9% by 2034 owing to the increasing need for performance miniaturized connectors across the globe. Industries including consumer electronics, automotive, and telecommunications are increasingly implementing smaller and compact connectors to optimize space without compromising power transmission and signal quality.
The telecommunications and data centre industries which requires high-bandwidth communication sectors are fuelling the demand for advanced fibre optic connector technologies. In addition, active government participation to assist the telecom industries to adopt for faster & reliable network is further propelling the industry growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Connector Market size in 2024: | USD 71.7 Billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2023 - 2032 CAGR: | 3.9 |
| 2023 Value Projection: | USD 105.7 Billion |
| Historical Data for: | 2021 – 2024 |
| No of Pages: | 120 |
| Tables, Charts & Figures: | 30 |
| Segments Covered: | Product, end use, & region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The automobile industry is moving toward electric vehicles as there is a significant increase for demand for dedicated connectors for charging stations, battery systems, and electric drive trains. These applications need special attention with regard to electrical engineering as the rising technological advancements combined with increasing usage of household electronics, mobile phones, wearable devices, laptops, and gaming consoles, continue to expand the connector industry. Such requirements of the devices demand the use of small, high-speed connectors for effective performance and connectivity.
The PCB connector segment is projected to surpass USD 19 billion by 2034. The current market outlook towards the electronics industry for the reduction in device size, requires PCB connectors to be smaller and more efficient for high volume and complex circuitry. This is especially important for consumer electronics including smartphones, wearable devices and even laptops. With the increase in demand for portable devices, such as smartphones, laptops, and IoT devices, there is a need for versatile advanced PCB connectors for internal components like processors, memory, and sensors.
The connector market from telecommunications sector will expand at a CAGR of more than 5% by 2034. The 5G launch is further driving the market growth. Telecommunications infrastructure including base stations, antenna systems, and fiber optic networks necessitate the usage of high frequency connectors owing to 5G's increased data transfer speeds. Such connectors have also been in demand due to the growing expansion of data centers and the proliferation of cloud computing services.
U.S. connector market is anticipated to surpass USD 14 billion by 2034. The expected growth in outcome is due to the increase in robotics automation and other IoT devices as well as smart factories that require high-speed data transfer and stable power connections. Technologies like these require connectors for interaction between sensors and control systems on the machines, thereby increasing their demand across the country.
From smartphones, laptops to wearable devises, Asia Pacific is a core manufacturing center for all consumer electronics and the soaring demand from countries including China, South Korea, and India is marking the need of connectors that aid in high-speed data transfer and power distribution increase. Additionally, in Asia, the push towards smart cities is creating the requirement of connectors in smart grid, intelligent transportation systems, intelligent buildings and other infrastructure projects, thereby fuelling the industry scenario.
TE Connectivity is a significant participant of the connector industry as many of their competitors. With their sizable market share, a wide array of businesses are able to preserve funds for the creation of high-grade specialized connectors. For instance, the RF and fiber optic high-frequency application connectors are usually developed by large market players who are able to afford it and make a complex investment in this sophisticated solution.
The following key market participants are present in the connector sphere:
Market, By Product
Market, By End Use
The above information has been provided for the following regions and countries:
The U.S. market is projected to surpass USD 14 billion by 2034, led by increased automation in manufacturing processes and the adoption of industrial IoT and smart factory systems.
Key players in the industry include 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, and YAZAKI Corporation.
The PCB connector segment is expected to exceed USD 19 billion by 2034, fueled by the trend of miniaturizing electronic devices and the rising demand for portable consumer electronics like smartphones and laptops.
The market size of connector reached USD 71.7 billion in 2024 and is set to grow at a 3.9% CAGR from 2025 to 2034, driven by the increasing demand for miniaturized, high-performance connectors across industries.