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PCB Connector Market Size

Report ID: GMI7067
Published Date: Apr 2024
Report Format: PDF

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PCB Connector Market Size

PCB Connector Market was valued at over USD 12.9 billion in 2023 and is estimated to register a CAGR of over 3.6% between 2024 and 2032.

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EVs rely on advanced electronic systems for their operations including battery management, power distribution, and motor control. PCB connectors play a crucial role in ensuring the seamless connection of these electronic components. As the EV market expands, the demand for PCB connectors will increase to accommodate the complex wiring & connectivity requirements. Additionally, the trend toward lightweight & compact EV designs places a premium on smaller & more efficient connectors, thereby driving innovations in the field. The transition to EVs also fosters research & development, resulting in the need for cutting-edge PCB connectors to support industry growth; this makes them an integral part of the EV ecosystem. For instance, in September 2022, TE Connectivity launched a new connector that has been designed for use in connections within automotive headlamp units, steering wheel units, and vehicle cameras as well as in the fat-flexible and flexible-printed cables in EV battery management systems.

PCB Connector Market Report Attributes
Report Attribute	Details
Base Year:	2023
PCB Connector Market Size in 2023:	USD 12.9 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	3.6%
2032 Value Projection:	USD 17.5 Billion
Historical Data for:	2018 - 2023
No. of Pages:	220
Tables, Charts & Figures:	228
Segments covered:	Type, end-use industry, and region
Growth Drivers:	Increasing demand for electronic devices Miniaturization of electronic devices Growing popularity of electric vehicles Expansion of the consumer electronics market Growing demand for high-speed data transmission
Pitfalls & Challenges:	Incorrect connector selections Poor assembly techniques

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Poor assembly techniques in the PCB connector market are a significant pitfall due to their potential to compromise product quality and reliability. When connectors are not properly assembled, it can lead to intermittent connections, signal degradation, and even physical damage. This can result in increased warranty claims and costly returns for manufacturers. Additionally, subpar assembly practices can lead to reduced durability, hindering the connector’s ability to withstand environmental factors such as moisture, dust, and vibrations. Ultimately, it impacts the overall performance and longevity of electronic devices, eroding customer trust and brand reputation. To thrive in the PCB connector industry, impeccable assembly is paramount to ensure consistent & dependable connectivity.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for PCB connector size was over USD 12.9 Billion in 2023 and is estimated to register over 3.6% CAGR between 2024 and 2032.

The power connectors segment is estimated to register over 4% CAGR from 2023 to 2032 as many modern electronic devices, especially in industries including automotive, aerospace, and data centers, require more power to operate efficiently.

Asia Pacific market size for PCB connector was over 29% in 2023 and will grow through 2032 as the region is a hub for electronics manufacturing, and many global electronics & tech companies have their production facilities in countries including China, Taiwan, and South Korea.

Amphenol, Hirose Electric, JST Manufacturing, Molex, Samtec, TE Connectivity, and Würth Elektronik.