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Connector Market Size

Report ID: GMI4852
Published Date: Dec 2024
Report Format: PDF

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2024
Connector Market Size in 2024:	USD 71.7 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	3.9%
2034 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:	Positive outlook toward automobile industry Expanding telecommunication industry Rapid urbanization along with growing demand for consumer electronic devices
Pitfalls & Challenges:	High penetration of low-quality products

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Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

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.

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 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.