Press release
EV Connector Market to Reach US$ 18.1 Billion by 2032, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. This report covers market size, forecast, key drivers, challenges, opportunities, and competitive dynamics across defined segments including system type, voltage, connection type, application, propulsion type, component type, and region. It supports strategic decision-making for manufacturers, suppliers, OEMs, and investors.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/4121/ev-connector-market.html#form
MARKET STATISTICS
• Market size (2024): USD 2.5 billion
• Forecast value (2032): USD 18.1 billion
• CAGR (2025-2032): ~28 %
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 6
• Tables & figures: 100+
• Country-Level Market Assessment: 20
MARKET SEGMENTATION
By System Type
• Sealed Connector System
• Unsealed Connector System
By Voltage Type
• Low
• Medium
• High
By Connection Type
• Wire-To-Wire
• Wire-To-Board
• Board-To-Board
• Other types
By Application Type
• ADA and Security Systems
• Body Control and Interiors
• Infotainment Systems
• Engine Management and Powertrain
• Battery Management System
• Vehicle Lighting
• Other applications
By Propulsion Type
• BEV
• PHEV
• FCEV
• HEV
By Component Type
• Terminal
• Housing
• Lock
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
SEGMENT ANALYSIS
Sealed Connector Systems are dominant due to robust protection against environmental exposure, making them essential for high-performance EV charging and on-board systems in commercial and passenger EVs, which enhances reliability and reduces maintenance needs for OEMs and infrastructure providers. The focus on sealed designs points to strategic investments in advanced connector technologies and quality assurance.
Within application types, Battery Management Systems hold the dominant share given their critical role in monitoring battery performance and safety; connectors for BMS must meet stringent electrical and thermal requirements, reinforcing demand for high-integrity connection solutions that enable uninterrupted power distribution and system diagnostics.
For voltage types, the High Voltage segment is the fastest growing because modern EV architectures increasingly operate at elevated voltages to improve efficiency and charging speeds; this raises the requirement for connectors that can handle high-voltage power transfer, pushing suppliers to innovate in insulation, thermal management, and safety features, which influences product roadmaps and capital investments.
By propulsion type, BEV is the fastest-growing segment owing to the significant electrical content and higher quantity of connectors needed in fully electric powertrains; this trend underscores strategic alignment for components suppliers to prioritize BEV-oriented connector portfolios and scale manufacturing capacities accordingly.
In component type, Housing is the fastest-growing because it forms the structural interface and determines durability and performance under mechanical stress; as EV OEMs emphasize modular architectures and lightweight designs, housing innovations directly affect integration with vehicle platforms, guiding supplier development strategies.
REGIONAL INSIGHTS
Asia-Pacific is both the dominant and fastest-growing region as rapid EV adoption in key markets such as China, India, Japan, and South Korea drives structural demand for EV charging infrastructure and related components. Strong government incentives, rising environmental awareness, and the presence of major EV manufacturers accelerate investment in connectors, positioning the region as a focal point for supply chain expansion and strategic partnerships.
MARKET DRIVERS
• Rapid adoption of electric vehicles increases connector demand due to higher vehicle electrification requirements.
• Government mandates and incentives promoting EV infrastructure development expand charging networks, driving connector sales.
• Standardization and interoperability efforts in charging systems enhance component compatibility and stimulate market growth.
• OEM expansion of EV portfolios increases demand for advanced connector solutions integrated into new vehicle architectures.
• Rising investments in high-performance EV electronics and data communication systems elevate demand for specialized connectors.
Top Companies in the Market
• TE Connectivity
• Amphenol Corporation
• Aptiv PLC
• ITT Inc.
• Yazaki Corporation
• Sumitomo Electric Industries, Ltd.
• Schneider Electric SE
• Tesla, Inc.
• Phoenix Contact
• HUBER+SUHNER AG
FAQs
1.How large is the EV Connector market today and what is its projected size by 2032 ?
In 2024, the global EV connector market was valued at approximately USD 2.5 billion. It is projected to reach USD 18.1 billion by 2032, reflecting strong industry demand tied to electric vehicle adoption.
2.What is driving growth in the EV Connector market ?
Growth is driven by the rapid global adoption of EVs and supportive government policies for EV infrastructure, which stimulate demand for reliable, high-performance connectors across vehicle and charging system applications.
3.Which propulsion type segment is expected to grow the fastest ?
The BEV segment is forecast to be the fastest-growing propulsion category due to the greater electrical and connector requirements of fully electric vehicles compared with hybrid alternatives.
4.Why is Asia-Pacific leading the EV Connector market ?
Asia-Pacific's leadership stems from rapid EV adoption, strong government incentives, and high production volumes of EVs and components, which together create sustained demand for EV connectors.
5.Who are the major players in the EV Connector market ?
Key companies include TE Connectivity, Amphenol Corporation, Aptiv PLC, ITT Inc., Yazaki Corporation, Sumitomo Electric Industries, Schneider Electric SE, Tesla, Phoenix Contact, and HUBER+SUHNER AG, reflecting a competitive landscape of global connector suppliers.
Related Links:
Aircraft Blind Bolts Market:
https://webyourself.eu/blogs/1687982/Advanced-Fastening-Solutions-Propel-Blind-Bolts-Market
Aircraft Cockpit Control Panels Market:
https://www.bundas24.com/blogs/188926/Cockpit-Control-Panel-Market-Sees-Significant-Opportunities
Aircraft Composite Control Surfaces Market:
https://www.omaada.com/blogs/268766/Rising-Demand-for-Composite-Control-Surfaces-in-Aviation
Rock Climbing Equipment Market:
https://plaza.rakuten.co.jp/indnews/diary/202507310000/
ROV Market:
https://vintfint.com/blogs/74330/Depths-of-Demand-What-s-Driving-Growth-in-the-ROV
Long Fiber Thermoplastics Market:
https://taggedface.com/blogs/53750/Long-Fiber-Thermoplastics-Market
Polypropylene Compound Market:
https://thebizbar.com/blogs/101394/Polypropylene-Compound-Market-Poised-for-Robust-CAGR-by-2034
Concrete Floor Coatings Market:
https://ayema.ng/blogs/292542/Innovations-Transforming-the-Concrete-Floor-Coatings-Market
Infrared Sensor Market:
https://hallbook.com.br/blogs/816859/Thermal-Sensing-Innovation-Unlocks-New-IR-Sensor-Market-Prospects
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release EV Connector Market to Reach US$ 18.1 Billion by 2032, Says Stratview Research here
News-ID: 4379611 • Views: …
More Releases from Stratview Research
Automotive Switch Market to Reach USD 9.9 Billion by 2032, Says Stratview Resear …
The Automotive Switch Market encompasses the global industry involved in designing, producing, and selling electrical switches used in vehicles to operate functions such as lights, wipers, windows, engine management, infotainment, and other electronic systems. The market is projected to reach USD 9.9 billion by 2032, growing at a CAGR of 4.15% during 2025-2032 from an estimated USD 7.5 billion in 2025. The primary growth driver is the growing integration of…
Automotive Coatings Market to Reach USD 23.09 Billion by 2032, Says Stratview Re …
The Automotive Coatings Market comprises specialized coating systems applied to vehicle surfaces to protect against corrosion, UV exposure, and wear while enhancing aesthetics. The market is projected to grow to USD 23.09 billion by 2032, with a CAGR of 4.4 % during 2025-2032. The primary growth driver is the escalating global automotive production, which structurally increases demand for protective and decorative coatings across OEM and aftermarket applications due to expanding…
Industrial Floor Coating Market to Reach USD 7.33 Billion by 2028, says Stratvie …
The industrial floor coating market refers to protective liquid coatings applied to concrete and other flooring surfaces in industrial and commercial facilities to enhance durability and resistance to chemicals and abrasion, and to improve safety and aesthetics. The global market is projected to reach USD 7.33 billion by 2028, growing at a CAGR of 5.12% over the 2023-2028 forecast period. The principal driver of this growth is the high expansion…
Space Situational Awareness Market to Reach US$ 1.98 Billion by 2028, says Strat …
The Space Situational Awareness market encompasses systems and services that provide visibility into the space environment by tracking and predicting the position of natural and artificial objects orbiting Earth to prevent collisions and enhance space asset safety. According to Stratview Research, the global market is forecast to grow to US$ 1.98 billion by 2028, expanding at a CAGR of 5.1% over 2022-2028. The single most important growth driver is the…
More Releases for Market:
Sorbitol Market Forecast, Sorbitol Market Analysis, Sorbitol Market Growth, Sorb …
The Sorbitol Market has been fragmented based on the productivity of several companies; therefore, each segment and its sub-segments are analyzed in the research report. Furthermore, the report offers 360 views on historical and upcoming growth based on volume, value, production, and consumption. Moreover, it classifies depend on sub-segments, key segments as per the significant regions and offers an in-depth analysis on the competitive edge of the market. This report…
Esterquats Market, Esterquats Market Size, Esterquats Market Share, Esterquats M …
The "Esterquats Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion.
This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political,…
Syringe and Needle Market Size, Market Share, Market Trends, Market Analysis, Ma …
Market Overview:
The global syringe and needle market is a critical component of the healthcare industry, serving as indispensable tools for administering medications, vaccines, and drawing blood samples. This market is characterized by a diverse range of products catering to various medical needs, including disposable syringes, safety syringes, insulin syringes, hypodermic needles, and more. This article provides an in-depth analysis of the syringe and needle market, focusing on its market overview,…
India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned?
In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth…
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects.
The International Technology Roadmap for Semiconductors (ITRS) has emphasized…
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by…
