Press release
Circular Connectors Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Circular Connectors
The rise in the automotive industry is expected to drive the growth of the circular connector market. With increasing consumer interest in electric and hybrid vehicles, advancements in autonomous driving, and government incentives promoting automotive purchases, the demand for high-quality, durable circular connectors in automotive applications is growing. These connectors are essential for the complex, interconnected systems found in modern vehicles.
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What is the future CAGR of the circular connectors market, and how will it impact industry expansion?
The circular connectors market has demonstrated strong expansion. It is expected to rise from $7.4 billion in 2024 to $7.93 billion in 2025, reflecting a CAGR of 7.2%. The historical growth can be attributed to the rising adoption of automation systems, increased utilization in industrial automation, a shift from analog to digital technologies, growing electrification of vehicles, and increasing dependence on sustainable energy sources.
The circular connectors market is expected to experience strong growth, reaching $10.37 billion by 2029 at a CAGR of 6.9%. The expansion will be fueled by increasing investments in infrastructure projects, sustainability initiatives, industrialization, medical applications, and government support for research and development. Major trends shaping this market include technological advancements, innovations in military and digital technologies, miniaturization, and new product launches.
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What are the most significant trends transforming the circular connectors market today?
In the circular connector market, companies are developing compact and versatile connectors with integrated technologies like C-coding compatibility to ensure secure polarization and future compatibility. For example, in July 2024, Franz Binder GmbH & Co. Elektrische Bauelemente KG, a Germany-based company, launched the M8 12-pin circular connector. This connector is designed for industrial applications and features high contact density and an IP67 rating, making it suitable for harsh environments while ensuring compatibility with future standards.
Which key market segments comprise the circular connectors market and drive its revenue growth?
The circular connectorsmarket covered in this report is segmented -
1) By Type: Power Connectors, Data Connectors, Signal Connectors, Hybrid Connectors, Other Types
2) By Accessory: Adapters, Backshell And Clamps, Boots And Strain Relief, Caps And Cover, Keying plugs, Seals, Other Accessories
3) By End Use Industry: Automotive, Healthcare, Manufacturing And Processing, Marine, Military And Aerospace, Mining, Oil And Gas, Power And Utilities, Other End Use Industries
Subsegments:
1) By Power Connectors: Circular Power Connectors, High-Power Connectors
2) By Data Connectors: Circular Data Connectors, USB Circular Connectors
3) By Signal Connectors: Audio Signal Connectors, Video Signal Connectors
4) By Hybrid Connectors: Power And Data Hybrid Connectors, Power And Signal Hybrid Connectors
5) By Other Types: Miniature Connectors, Custom Circular Connectors
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What regions are at the forefront of circular connectors market expansion?
Asia-Pacific was the largest region in the circular connector market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the circular connectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the circular connectors market?
Major companies operating in the circular connectors market are Eaton Corporation plc, TE Connectivity Ltd., Molex LLC, Amphenol Corporation, Phoenix Contact Deutschland GmbH, Rosenberger GmbH & Co. KG, ITT Inc., Belden Inc., Weidmüller Interface GmbH & Co. KG, HARTING Technology Group, Hirose Electric Co. Ltd., Glenair Inc., Radiall S.A., Souriau, LEMO SA, Smiths Interconnect, JAE Electronics Inc., Yamaichi Electronics Co. Ltd., Omega Engineering Inc., Fischer Connectors SA, Switchcraft Inc., Nicomatic, CUI Devices, Franz Binder GmbH & Co. KG, Cinch Connectivity Solutions
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What Is Covered In The Circular Connectors Global Market Report?
•Market Size Forecast: Examine the circular connectors market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the circular connectors market for a structured understanding.
•Key Players Overview: Analyze major players in the circular connectors market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the circular connectors market.
•Segment Contributions: Evaluate how different segments drive overall growth in the circular connectors market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the circular connectors market.
•Industry Challenges: Identify potential risks and obstacles affecting the circular connectors market.
•Competitive Landscape: Review strategic developments in the circular connectors market, including expansions, agreements, and new product launches.
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