Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.78 Billion | USD 7.80 Billion | 5.6% | 2023 |
According to the report published by Zion Market Research, the global Wire-to-Board Connector Market size was valued at USD 4.78 Billion in 2023 and is predicted to reach USD 7.80 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.6% during the forecast period. The report analyzes the global Wire-to-Board Connector Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Wire-to-Board Connector Market industry.
Wire-to-board connectors are usually routed to a power source and used in order to connect with the printed circuit boards. They are widely used in various applications such as home appliances, electronic goods, and connected devices. Based on the device requirement, wire-to-board connectors come in various pitches that support different technologies. Compact wire-to-board connectors are highly preferred in the automotive industry. Miniaturization in these connectors has heavily influenced to the electronics industries.
The proliferation of low-cost communication technologies gives momentum to the global wire-to-board connector market growth in the near future. The emergence of IoT technology is anticipated to fuel the global market growth in the future. Some of the major factors of the global market are high-end computing servers, connected consumer devices, and elevated applications of various communication technologies. Increasing demand for the high-bandwidth and high-speed connectivity is the crucial factor fuelling the growth of the market.
In addition, the emergence of secure data transmission and sophistication of connected home appliances may drive the global wire-to-board connector market growth in the near future. Miniaturization of devices and growing demand for compact wire-to-board connectors in the automotive industry may open up new growth opportunities across the world. Moreover, application of the HVAC system technology in the residential buildings for washing machines, air conditioners, refrigerator, stoves, and heaters has created a major for wire-to-board connectors globally.
Furthermore, growth in the power consumption due to large-scale digitization globally may propel the demand for energy-efficient connectors. Affordable prices of power banks drive the demand for smartphone and tablet, which in turn may positively enhance the global market in the future. However, the advent of wireless communication technologies and poor quality of power bank may restrain the growth of the global wire-to-board connector market to some extent.
The global wire-to-board connector market is categorized based on pitch size as 0.8mm, 2.0mm, 1.0mm, 1.25mm, 1.27mm, 2.5mm, 2.54mm, 3.3mm, 3.96mm, 5.0mm, 7.92mm, and 10.16mm.
Based on the style, the global market is fragmented as a receptacle, header, housing, accessory, socket, and plug.
Moreover, the global wire-to-board connector market is classified on the basis of application as data/telecom, computer and peripherals, aerospace and defense, medical, industrial and instrumentation, automotive, and others.
Report Attributes | Report Details |
---|---|
Report Name | Wire-to-Board Connector Market |
Market Size in 2023 | USD 4.78 Billion |
Market Forecast in 2032 | USD 7.80 Billion |
Growth Rate | CAGR of 5.6% |
Number of Pages | 202 |
Key Companies Covered | Amphenol Corporation, J.S.T. Mfg. Co., Ltd., TE Connectivity, Harting Technology Group, Samtec, Inc., Molex Incorporated, Japan Aviation Electronic Industry C&K Components, Inc., and Kyocera Corp |
Segments Covered | By pitch size, By the Style, By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is a dominant player in the global wire-to-board connector market and may open immense growth opportunities in the near future. Industrial network in China is propelling the global market growth. In addition, the emergence of industrial IoT in developing economies is the key factor driving the global wire-to-board connector market growth. North America is another region growing at considerable rate due to the launch of high-end products and advancements in communication technology that contributed to the major market share.
Major Prominent players in the global wire-to-board connector market are
The Global Wire-to-Board Connector Market is segmented as follows:
By pitch size
By style
By application
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