Industrial Ethernet Connector Market

Industrial Ethernet Connector Market

Growth Factors of Industrial Ethernet Connector Market

The industrial ethernet connector market size was valued at USD 708.6 billion in 2023, and the market is now projected to grow from USD 729.8 billion in 2024 to USD 1078.9 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period of 2024-2032.

Pandemic significantly impacted manufacturers, disrupting their delivery chains and logistics activities throughout countries. As an end result, cease-marketplace users are adopting technology and connectivity solutions to optimize processes. The pandemic highlighted the importance of IoT in optimizing price chains and making sure secure networks. Despite a drop in the marketplace during the pandemic, the demand for industrial ethernet generation is projected to develop extensively, in particular among small and medium-sized agencies, growing a big demand for connectors across geographies.

Ethernet connectors are important in the automotive industry for handling excessive-pace, high-bandwidth, and data transmission. The growing adoption of self-sufficient automobiles and the need for dependable verbal exchange systems in related car technologies are driving the call for ethernet connectors. The IEA document shows electric powered car sales doubled to 6.6 million gadgets in 2022, highlighting the growing demand for ethernet connectors in the automotive region. Factors using market increase encompass rising awareness about safe driving, supportive government guidelines, and technological improvements within the automotive region. The industrial ethernet connector market growth is anticipated to grow appreciably in the coming years.

Industrial IoT advancements are growing the range of sensors, actuators, and electronic additives needed for reliable connections. Manufacturing organizations are growing miniature-sized ethernet connectors with huge statistics transmission competencies, along with HIROSE Electric's iX connectors for space-limited business packages. Robotic structures deployment in bendy areas is likewise increasing call for miniaturized connectors. These rugged connectors have higher performance in information transmission, with HIROSE Electric's iX connector having a socket length as much as 70% smaller than traditional RJ45 connectors.

Comprehensive Analysis of Industrial Ethernet Connector Market

The market for connectors is divided into RJ45 connectors, M 12 connectors, M8 connectors, and iX industrial interface. The RJ45 connectors segment is expected to grow at a CAGR of 6.3% due to its high capacity for data transfer in various applications. The MI 2 connectors and M8 connectors segments are expected to experience substantial growth due to their ability to transfer large volumes of data and operate in harsh industrial environments. The iX industrial interface segment is expected to grow significantly due to technological advancements and less space requirement. The market is further divided into control cabinets, robotics, motor/motor controls, machinery, and others. Control cabinets dominate due to their reliability and ability to operate under harsh temperatures. The robotics segment is projected to see potential growth of 6.0% due to increasing demand for ethernet connectors in automotive and manufacturing sectors.

The Asia Pacific region lead the industrial ethernet connector market share by benefitting a market size of USD 319.4 billion in 2023 due to key regional players, tremendous merchandise and technological advancements. The automotive region's growth and elevated sales of motors, bikes, and vehicles are riding marketplace growth, with the export of vehicles increasing with the aid of 35.9% from 2021 to 2022, according to the India Brand Equity Foundation (IBEF).

Key players like Amphenol Corporation, Rockwell Automation, TE Connectivity, Belden Inc, Halo Electronics, and Eaton Corporation are enforcing techniques like product development, release, enterprise growth, and acquisition to beautify marketplace opposition and product portfolio. Key businesses profiled encompass Amphenol Corporation, Belden Inc, Harting Technology Group, Hirose Electric Co Ltd, Hubbell Incorporated, LAPP Group, Phoenix Contact, Siemens AG and TE Connectivity.

Harting Technology Group brought a brand new ""Captain ethernet connector"" in April 2023, compatible with RJ45 and MI 2 connectors, and best for automobile and railway industries, using commercial 4.0 technologies.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 5.7% from 2023 to 2030

Unit Value (USD Million) & Volume (Thousand Units)

Segmentation By Type

RJ45 Connectors

M12 Connectors

M8 Connectors

iX Industrial Interface

By Application

Control Cabinets

Robotics

Motor/Motor Controls

Machinery

Others (PLC)

By Region

North America (By Type, By Application, By Country)

• U.S. (By Type)
• Canada (By Type)
• Mexico (By Type)

Europe (By Type, By Application, By Country)

• Germany (By Type)
• U.K. (By Type)
• France (By Type)
• Italy (By Type)
• Spain (By Type)
• Russia (By Type)
• Benelux (By Type)
• Nordics (By Type)
• Rest of Europe

Asia Pacific (By Type, By Application, By Country)

• China (By Type)
• India (By Type)
• Japan (By Type)
• South Korea (By Type)
• ASEAN (By Type)
• Oceania (By Type)
• Rest of Asia Pacific

Middle East & Africa (By Type, By Application, By Country)

• Turkey (By Type)
• Israel (By Type)
• GCC (By Type)
• North Africa (By Type)
• South Africa (By Type)
• Rest of Middle East and Africa

South America (By Type, By Application, By Country)

• Brazil (By Type)
• Argentina (By Type)
• Rest of South America


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