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Forecast Analysis of Global Connector Industry Market Size and Regional Distribution in 2024 (Figure)

Nov 22, 2023

China Business Intelligence Network News: A connector is a coupling device that connects electrical terminals to form a circuit. As a key basic component, it is used to realize the connection between wires, cables, printed circuit boards and electronic components, thereby transmitting signals or electromagnetic energy. , and keep signal distortion and energy loss from changing between systems. In recent years, due to the continued growth of downstream market demand, the connector industry has broad development space.

Market size analysis

Benefiting from the continued promotion of communications, automobiles, consumer electronics, industrial control, rail transit and other related industries, the global connector market is generally expanding. Data from the "China Connector Industry Analysis and Development Report 2024-2029" released by the China Business Industry Research Institute shows that from 2017 to 2022, the global connector market size increased from US$60.1 billion to US$84.1 billion, with a compound annual growth rate of 6.95%. Analysts from the China Business Industry Research Institute predict that the global connector market will grow to US$105 billion in 2024.

Local distribution

From the perspective of regional distribution, China, North America, and Europe are the most important markets for global connectors. In 2022, their market shares will be 31.51%, 22.46%, and 20.61% respectively, accounting for a total of 74.58%. Secondly, Asia-Pacific and Japan accounted for 14.5% and 6.15% respectively. Affected by global economic fluctuations, the growth of the connector market in some countries or regions has slowed down, while emerging markets represented by China have experienced strong growth, becoming an important driving force for the growth of the global connector market.

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