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Connector Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Connector Market Statistics 2030The global connector market was valued at $62.3 billion in 2020, and is projected to reach $114.7 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030. Key drivers of the connectors market include rising urbanization and the growing dependency of businesses on data centers.
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Further, increasing demand for consumer electronic devices and widespread usage of automation technology across various sectors such as industrial, defense, automobiles, etc is expected to propel the growth of the connectors market during the forecast period.
Moreover, the soaring telecom and automotive sector, the introduction of advanced safety features in automobiles, the rise of electrical components in vehicles, and the emergence of 5G and IoT technology will boost the market growth.
Connector Market Share Analysis
Based on region, the Asia-pacific segment is expected to provide lucrative opportunities for growth in the connectors market share and will grow at a CAGR of 7.1% during 2020-2027 due to increasing smartphone penetration, the emergence of industrial automation, rising automobile production, and growing demand for consumer electronics.
Based on end-user, the telecom segment is expected to provide lucrative opportunities for growth in the connectors market share and will grow at the highest CAGR of 8.1% during the forecast period
Based on product type, the PCB connectors segment is expected to provide lucrative opportunities for growth in the connectors market share due to growing demand from defense, automobile, and electronics sectors, etc.
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Connector Market Segments
By Product Type
• PCB Connectors
• I/O Connectors
• Circular Connectors
• Fiber Optic Connectors
• RF Coaxial Connectors
• Others
By End User
• Consumer Electronics
• Telecom
• Automotive
• Energy & Power
• Aerospace & Defense
• Others
By Key Players
• 3M
• ABB Ltd.
• AMETEK
• Amphenol Corporation
• Aptiv PLC
• Huawei Technologies Co. Ltd.
• Japan Aviation Electronics Industry Ltd.
• Nexans
• Prysmian S.P.A.
• TE Connectivity Ltd.
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