Press release
Wire-to-Board Connector Market: Projected Growth, Key Players and Trends 2024-2029
Wire-to-Board Connector Market Share
What Is The Projected Market Size Of The Global Wire-to-Board Connector Market And Its Growth Rate?
The wire-to-board connector market is seeing steady growth with key statistics revealing:
• 2024 Market Size: $4.93 billion
• 2025 Market Size: $5.15 billion (4.5% CAGR)
• 2029 Market Size: $6.28 billion (5.1% CAGR)
The factors attributing to this growth include market trends such as 5G technology deployment, high-speed connectors development, the rise of USB type-c connectors, waterproof and sealed connectors, and integration of wireless connectivity.
What Is Driving The Growth In The Wire-to-Board Connector Market?
The growth in the wire-to-board connector market is primarily driven by the increasing number of data centers. Data centers create, execute, and provide applications and services, and store and manage the data that goes with them. Wire-to-board connectors play a crucial role in these data centers for creating electrical connections between circuit boards and other devices. According to the National Telecommunications and Information Administration, a US-based government agency, the US has around 5,000 data centers, with demand expected to increase by approximately 9% annually until 2030. Thus, the expanding number of data centers globally is propelling the growth of the wire-to-board connector market.
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Who Are the Key Players Driving Wire-to-Board Connector Market Growth?
The wire-to-board connector market is being driven by key players including:
• 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.
What Are The Key Trends In The Wire-to-Board Connector Market?
Key trends in the wire-to-board connector market include:
• Deployment of 5G technology
• Development of high-speed connectors
• Rise of USB type-C connectors
• Wireless connectivity integration
• A surge in waterproof and sealed connectors
What Are The Segments Of The Global Wire-to-Board Connector Market?
The wire-to-board connector market is segmented by:
1) Type: Below 1.00 MM, 1.00 MM To 2.00 MM, Above 2.00 MM
2) Style: Accessory, Header, Housing, Plug, Receptacle, Socket
3) Application: Transportation, Consumer Electronics, Communications, Industries, Military, Other Applications
Which Region Leads The Wire-to-Board Connector Market?
The Asia-Pacific region was the largest market for wire-to-board connectors in 2024. The region is also expected to be the fastest growing in the forecast period, outpacing Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Wire-to-Board Connector Market Global Market Report?
- Market Size Analysis: Analyze the Wire-to-Board Connector Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wire-to-Board Connector Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Wire-to-Board Connector Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wire-to-Board Connector Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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