Global Industrial Connector Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Industrial Connector Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Industrial connectors are specially designed to build a strong Ethernet connection in harsh environment, providing reliable and pluggable transmission of power, signals and data.

Market Overview:

The latest research study on the global Industrial Connector market finds that the global Industrial Connector market reached a value of USD 8225.13 million in 2022. It’s expected that the market will achieve USD 11438.26 million by 2028, exhibiting a CAGR of 5.65% during the forecast period.

Drivers

The connectors produced in China are mainly lowend connectors, and the high-end connectors have a relatively low share, but the demand is growing rapidly. At present, the development of connectors in China is in a transitional period from production to creation, and there is a huge demand for high-end connectors, especially in the fields of automobiles, industry and so on, which makes the market of high-end connectors grow rapidly. With the internationally renowned connector enterprises represented by TE and Molex moving their production bases to China, the connector manufacturing level in China has been rapidly improved. These factors will promote the development of China's industrial connector industry. China is a growing market for the industrial connector industry.

Limitations

In most countries, connector enterprises mainly focus on low-end products and imported substitute products, with low added value, especially consumer electronic products. With the intensification of market competition, the profit level shows a downward trend. Enterprises need to invest in research and development of new technologies, and the cost of enterprises will increase, which will have an impact on the development of enterprises.

Opportunities

With the global restrictions on fuel vehicles, the development of new energy vehicles is very fast. The automobile field is expected to open up new growth space. Automotive innovation is mainly in automotive electronics. With the popularization of new energy vehicles, ADAS, driverless and Internet of Vehicles in the future, the proportion of automotive electronics will continue to increase. Compared with the smart phone industry chain, the automobile industry chain is more closed, including TE, Molex, etc., which occupy the leading position in automobile connectors, and the automobile and industrial connectors have great prospects. The demand of industrial connector market is still growing greatly. Due to the improvement of intelligent manufacturing level and the integrity of supply chain, this trend is very beneficial for industrial connector enterprises to improve their technology R&D and manufacturing level.

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview

Amphenol is one of the major players operating in the Industrial Connector market, holding a share of 20.84% in 2020.

Amphenol is one of the largest manufacturers of interconnect products in the world. The Company designs, manufactures and markets electrical, electronic and fiber optic connectors, coaxial and flat-ribbon cable, and interconnect systems.

TE Connectivity is a global industrial technology leader, focusing on transportation technology, communication technology, sensor solutions, green industrial solutions, industrial solutions and consumer equipment technologies.

Segmentation Overview:

Among different product types, Board/Board segment is anticipated to contribute the largest market share in 2027.

Board-to-board (BTB) connector is used to connect printed circuit boards (PCBs), that is, electronic components containing conductive patterns printed on the surface of an insulating substrate in an accurate and repeatable manner. This type of equipment is specially designed to provide signal connection between two printed circuit boards (PCBs).

Wire-to-board connectors connect wires to printed circuit boards (PCBs), thus realizing the connection between circuits. A terminal connector is a modular module with an insulating frame that can fix two or more wires together. It consists of a clamping part and a conductive strip.

I/O interface is a medium that sends and receives data from internal logic to and from external sources. I/O(Interface) connectors are transmitted in this way.

Application Overview:

By application, the Industrial Automation and Process Control segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Industrial Connector market covered in Chapter 3:

Rosenberger
Harting
Amphenol
JST
JAE
Phoenix Contact
Molex
TE Connectivity Ltd
Hirose Electric

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Connector market from 2018 to 2029 is primarily split into:

Board/Board
Board/Wire and Terminal
I/O(Interface)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Connector market from 2018 to 2029 covers:

Industrial Automation and Process Control
Machine Tools and Machinery
Building and Civil Engineering
Energy Markets
Heavy Equipment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)