Wire-to-Board Connector Market Report 2024 Key Trends, Analysis And Forecast 2033

The wire-to-board connector market size has grown strongly in recent years. It will grow from $4.74 billion in 2023 to $5.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to electronics miniaturization, advancements in electronics industry, increased automation and robotics, rise in consumer electronics, development in medical devices.

The wire-to-board connector market size is expected to see steady growth in the next few years. It will grow to $6.07 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to internet of things (iot) growth, ai and machine learning integration, electric vehicle (ev) expansion, medical technology advancements, renewable energy projects. Major trends in the forecast period include 5g technology deployment, high-speed connectors development, rise of usb type-c connectors, waterproof and sealed connectors, wireless connectivity integration.

Market Overview -
A wire-to-board connector is a type of electrical connector that connects a collection of individual wires to a printed circuit board (PCB) to enable the power and signal to the board. They are utilized in a variety of applications, including lighting systems, PCB testing, and power supplies.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=12272&type=smp

Rising Number Of Data Centers To Drive Market Growth
The increasing number of data centers is expected to propel the growth of the wire-to-board Connector market going forward. A data center is a physical room, building, or other structure that houses the IT technology required to create, execute, and provide applications and services and store and manage the data that goes along with them. Wire-to-board connectors are essential components used in data centers to create electrical connections between circuit boards and other devices; as a result, data transmission speeds increase, and more precise signals produce less heat. For instance, in August 2021, according to Savills Korea, a Korea-based consulting firm, the total capacity of data centers reached 430 MW (megawatts) in terms of IT load at the end of 2020. The total commercial data center IT load in Korea is projected to increase by 700 MW during 2021-2023 to represent 15% of total Asia-Pacific (APAC) capacity. Further, in January 2021, the United States International Trade Commission, a US-based agency of the legislative and executive branches on matters of trade, in the US there over 2,600 data centers in 2021, and there are nearly 8,000 new data centers globally in 2021. Therefore, the increasing number of data centers is driving the growth of the wire-to-board Connector market.

Competitive Landscape -
Major companies operating in the wire-to-board connector market report are Hon Hai Precision Industry Co Ltd., Yamaichi Electronics Co.Ltd., 3M Co., Fujitsu Limited, Luxshare Precision Industry Co. Ltd., Kyocera Corporation, TE Connectivity Ltd., Amphenol Corporation, Molex LLC., Phoenix Contact GmbH and Co KG., ITT Inc., Japan Aviation Electronics Industry Ltd., Panduit Corp., Hirose Electric Co Ltd., Wurth Elektronik GmbH and Co KG., Harting Technology Group, Lemo SA, Samtec Inc., Smiths Interconnect Inc., AVX Corporation, Glenair, Souriau SAS, ERNI Deutschland GmbH, Rosenberger Group, I-PEX Inc., Omnetics Connector Corporation, JST MFG Co Ltd., Nicomatic SA, Advanced Interconnections Corp

Product Innovations Transforming The Wire-To-Board Connector Market
Major companies operating in the wire-to-board connector market are developing new products such as horizontal wire-to-board connectors to gain a competitive edge in the market. Horizontal wire-to-board connectors facilitate electrical connections between a printed circuit board and wires in a side-by-side, horizontal orientation. For instance, in April 2022, KYOCERA AVX Components Corporation, a US-based electronic component manufacturing company, launched the UL-approved 9296-400 Series 4mm-pitch horizontal poke-home connectors, expanding its wire-to-board connector line for industrial and commercial applications. These connectors, featuring the industry's lowest height profile for 18-26AWG wire, offer a compact, high-temperature, and halogen-free SMT package, supporting simple strip-and-poke-home wire insertion and twist-and-pull wire extraction for easy factory and field termination. The series is designed for use in various applications such as machine controls, motors, sensors, commercial building controls, smart grid meters, LED bulbs, and more, providing high repeatability, mechanical stability, and wire retention strength.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/wire-to-board-connector-global-market-report

Key Segments -
The wire-to-board connector market covered in this report is segmented -
1) By Type: Below 1.00 MM, 1.00 MM to 2.00 MM, Above 2.00 MM
2) By Style: Accessory, Header, Housing, Plug, Receptacle, Socket
3) By Application: Transportation, Consumer Electronics, Communications, Industries, Military, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.