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Connector Market Trends

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

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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.

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.