Globally Renowned Consulting Firm in the Connector Industry

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Connector Market Size
In recent years, driven by the continuous growth of industries such as communications, automotive, consumer electronics, industrial control, and rail transportation, the global connector market has shown an overall expanding trend. According to research data from Bishop & Associates and QYResearch, the global semiconductor market reached 86.5 billion U.S. dollars in 2024, and it is projected that the global connector market will reach 119.5 billion U.S. dollars by 2031, with a compound annual growth rate (CAGR) of 5.53% from 2024 to 2031.

According to research data from Bishop & Associates and QYResearch, in 2023, the top 10 global connector manufacturers accounted for 52.6% of the total market share, equivalent to US$43.061 billion. This is higher than the 51.9% recorded in 2022, when US$43.655 billion out of US$84.091 billion was accounted for. Among the top 10 manufacturers, 4 are based in North America, 3 in Japan, 1 in China, 1 in Europe, and 1 in the Asia-Pacific region.

Against the backdrop of the accelerated implementation of the global "dual carbon" strategy, the automotive connector market is entering a period of rapid development. According to data from QYResearch, automotive connectors accounted for 22% of the global connector market in 2023. With the booming development of the new energy vehicle industry, global sales and penetration rates of new energy vehicles continue to rise, providing strong momentum for further expansion of the automotive connector market.From a regional market perspective, the five major regions-North America, Europe, Japan, China, and the rest of the Asia-Pacific region (excluding Japan and China)-account for over 90% of the global connector market. Among these, the Chinese market stands out particularly. Leveraging its complete industrial chain advantages and vast domestic market, China has become the world's largest producer, manufacturer, and consumer of connectors, with a market share exceeding 32% in 2023. In contrast, while North America and Europe still hold significant market shares-22% and 21% respectively in 2023-their growth rates have slowed due to the high maturity of their markets. As the global connector industry continues to shift toward the Asia-Pacific region, China's market growth potential warrants continued attention.

The Chinese connector market is currently undergoing a critical phase of rapid transformation and intense competition. With the deep penetration of emerging technologies such as the Internet of Things, new energy vehicles, and industrial automation, connectors-as the core hub for signal and energy transmission between electronic devices-are experiencing structural growth opportunities in market demand. In terms of market size, China's connector market has been expanding steadily in recent years. The intelligent upgrading of consumer electronics, the explosive growth of the new energy vehicle industry, the large-scale construction of 5G communication infrastructure, and the accelerated advancement of industrial automation have provided diverse and robust demand support for the connector market. Technological iterations and scenario expansions in downstream industries are driving connector products toward upgrades in high reliability, high-speed transmission, and miniaturization, thereby further expanding market potential.According to QYResearch data, the size of China's connector market in 2024 is expected to reach 26.9 billion U.S. dollars, and it is projected to reach 38.7 billion U.S. dollars by 2031.

Automotive Mini Fakra Connectors
The automotive industry's growing emphasis on Advanced Driver Assistance Systems (ADAS), infotainment systems, connectivity, and autonomous driving features has driven demand for high-quality, reliable connectors such as Mini Fakra. As vehicles become increasingly electrified, the number of connections and the need for compact, efficient interconnect solutions continue to rise. According to the latest report by QYResearch's research team, "Global Automotive Mini Fakra Connector Market Report 2024-2030," the global automotive Mini Fakra connector market is projected to reach USD 1.02 billion by 2030, with a compound annual growth rate (CAGR) of 21.3% over the next few years.

According to research by QYResearch's Leading Enterprise Research Center, the world's leading manufacturers of automotive mini Fakra connectors include Rosenberger, TE Connectivity, Electric Connection Technology Co., Ltd., Yamaichi Electronics, Amphenol, and others. In 2023, the top five manufacturers will account for approximately 72.0% of the market share.

Floating Connectors
According to research data from QYResearch, the global floating connector market reached US$992 million in sales in 2024 and is expected to reach US$1.491 billion by 2031, with a compound annual growth rate (CAGR) of 6.01% (2025-2031). From a regional perspective, the Chinese market has seen significant changes in recent years. In 2024, the market size was USD 286.95 million, accounting for approximately 28.93% of the global market. It is projected to reach USD 470.51 million by 2031, with the global market share expected to reach 31.56% at that time.

According to QYResearch research, the core manufacturers of floating connectors worldwide mainly include IRISO Electronics, Hirose Electric, Amphenol, JAE, Molex, Kyocera, Samtec, KEL Corporation, Gecko Electronics, Yamaichi, Jinling Electronics, DDK Ltd, Weixiang Electronics, and Decotai. In 2024, the top three companies in terms of market revenue will account for a combined share of 46.74%.

High-Speed Backplane Connectors
High-speed backplane connectors meet the high-speed requirements of next-generation telecommunications and data network equipment and are suitable for applications that require high-density flexibility and space savings. According to the latest report from the QYResearch research team, "Global High-Speed Backplane Connector Market Report 2024-2030," the global high-speed backplane connector market is expected to reach US$2.76 billion by 2030, with a compound annual growth rate (CAGR) of 9.6% over the next few years.

According to research by QYResearch's Leading Enterprise Research Center, the world's leading high-speed backplane connector manufacturers include Amphenol, Molex, Tyco, Shengtai, and Huafeng Technology. In 2024, the top four manufacturers will account for approximately 87.0% of the market share.

Multi-core Fibre Connector
Multi-core fiber optic connectors (MCF connectors) are specialized fiber optic connectors designed to accommodate multi-core fibers. Unlike traditional single-core fibers, multi-core fibers contain multiple cores within a single cladding, enabling higher data transmission capacity, spatial division multiplexing, and reduced interconnection complexity. These connectors ensure precise core alignment, low insertion loss, and high return loss, making them critical components in advanced optical communication systems.According to the latest research report from QYResearch, the global multi-core fiber optic connector market is projected to reach USD 535 million by 2031, with a compound annual growth rate (CAGR) of 11.9% over the next few years.

According to QYResearch research, the main manufacturers of multi-core fiber optic connectors worldwide include US Conec, Tai Chen Optical Communications, Sumitomo Electric, SENKO Advanced Components, Nissin Kasei, etc., with the top five manufacturers accounting for 63% of the market share.

Contact Information:
Bin Song

Semiconductor Electronics Industry Analyst

Tel:+86-18682261257 (WeChat)

Email:songbin@qyresearch.com;

Over 11 years of experience in semiconductor and electronics industry research.

Kira Yue Qin

Tel: +1 626 2952 442 ; +351 914374211(Tel & Whatsapp)

Email: qinyue@qyresearch.com; global@qyresearch.com

Website: www.qyresearch.com

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