The wire-to-board connector market size is expected to see steady growth in the next few years. It will grow to $6.07 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to internet of things (iot) growth, ai and machine learning integration, electric vehicle (ev) expansion, medical technology advancements, renewable energy projects. Major trends in the forecast period include 5g technology deployment, high-speed connectors development, rise of usb type-c connectors, waterproof and sealed connectors, wireless connectivity integration.
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Segmentation & Regional Insights
The wire-to-board connector market covered in this report is segmented –
1) By Type: Below 1.00 MM, 1.00 MM to 2.00 MM, Above 2.00 MM
2) By Style: Accessory, Header, Housing, Plug, Receptacle, Socket
3) By Application: Transportation, Consumer Electronics, Communications, Industries, Military, Other Applications
Asia-Pacific was the largest region in the wire-to-board connector market in 2023 and is expected to be the fastest-growing region in the wire-to-board connector market report during the forecast period. The regions covered in the wire-to-board connector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing number of data centers is expected to propel the growth of the wire-to-board Connector market going forward. A data center is a physical room, building, or other structure that houses the IT technology required to create, execute, and provide applications and services and store and manage the data that goes along with them. Wire-to-board connectors are essential components used in data centers to create electrical connections between circuit boards and other devices; as a result, data transmission speeds increase, and more precise signals produce less heat. For instance, in August 2021, according to Savills Korea, a Korea-based consulting firm, the total capacity of data centers reached 430 MW (megawatts) in terms of IT load at the end of 2020. The total commercial data center IT load in Korea is projected to increase by 700 MW during 2021–2023 to represent 15% of total Asia-Pacific (APAC) capacity. Further, in January 2021, the United States International Trade Commission, a US-based agency of the legislative and executive branches on matters of trade, in the US there over 2,600 data centers in 2021, and there are nearly 8,000 new data centers globally in 2021. Therefore, the increasing number of data centers is driving the growth of the wire-to-board Connector market.
Key Industry Players
Major companies operating in the wire-to-board connector market report are Hon Hai Precision Industry Co Ltd., Yamaichi Electronics Co.Ltd., 3M Co., Fujitsu Limited, Luxshare Precision Industry Co. Ltd., Kyocera Corporation, TE Connectivity Ltd., Amphenol Corporation, Molex LLC., Phoenix Contact GmbH and Co KG., ITT Inc., Japan Aviation Electronics Industry Ltd., Panduit Corp., Hirose Electric Co Ltd., Wurth Elektronik GmbH and Co KG., Harting Technology Group, Lemo SA, Samtec Inc., Smiths Interconnect Inc., AVX Corporation, Glenair, Souriau SAS, ERNI Deutschland GmbH, Rosenberger Group, I-PEX Inc., Omnetics Connector Corporation, JST MFG Co Ltd., Nicomatic SA, Advanced Interconnections Corp
The wire-to-board connector market report table of contents includes:
1. Executive Summary
2. Wire-to-Board Connector Market Characteristics
3. Wire-to-Board Connector Market Trends And Strategies
4. Wire-to-Board Connector Market – Macro Economic Scenario
5. Global Wire-to-Board Connector Market Size and Growth
………………………………..
32. Global Wire-to-Board Connector Market Competitive Benchmarking
33. Global Wire-to-Board Connector Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wire-to-Board Connector Market
35. Wire-to-Board Connector Market Future Outlook and Potential Analysis
36. Appendix
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