Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 725 Million | USD 1392 Million | 8.5% | 2022 |
FrequentlyAsked Questions
An electromechanical connection that corrects for X, Y, and Z axis misalignments is called a floating connector. In contrast to a conventional connection, the floating connector has its mating contact suspended above the PCB by specially created terminals. Instead of being straight like the conventional ones, the terminals are twisted to provide them flexibility.
The board-to-board floating connectors are being driven by several factors including growing manufacturing automation, increasing consumer electronics industry, rising automotive sector, and increasing investment.
According to the report, the global board-to-board floating connectors market size was worth around USD 725 million in 2022 and is predicted to grow to around USD 1392 million by 2030.
The global Board-to-board (BtoB) Floating Connectors market is expected to grow at a CAGR of 8.5% during the forecast period.
The global Board-to-board (BtoB) Floating Connectors market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing automotive and consumer electronics industry.
The global Board-to-board (BtoB) Floating Connectors market is dominated by players like Amphenol, Hirose Electric, IRISO Electronics, Greenconn Technology, Molex, Kyocera, Samtec, KEL Corporation, JAE, Yamaichi, Jinling Electronics, DDK Ltd, ShenTai WeiXiang Electronics, and CSCONN Corporation, among others.
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