The Wire-to-Board Connector Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wire-to-Board Connector Global Market Report 2024, The wire-to-board connector market size has grown strongly in recent years. It will grow from $4.74 billion in 2023 to $5.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to electronics miniaturization, advancements in electronics industry, increased automation and robotics, rise in consumer electronics, development in medical devices.
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.
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.
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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
Major companies operating in the wire-to-board connector market are developing new products such as horizontal wire-to-board connectors to gain a competitive edge in the market. Horizontal wire-to-board connectors facilitate electrical connections between a printed circuit board and wires in a side-by-side, horizontal orientation. For instance, in April 2022, KYOCERA AVX Components Corporation, a US-based electronic component manufacturing company, launched the UL-approved 9296-400 Series 4mm-pitch horizontal poke-home connectors, expanding its wire-to-board connector line for industrial and commercial applications. These connectors, featuring the industry’s lowest height profile for 18–26AWG wire, offer a compact, high-temperature, and halogen-free SMT package, supporting simple strip-and-poke-home wire insertion and twist-and-pull wire extraction for easy factory and field termination. The series is designed for use in various applications such as machine controls, motors, sensors, commercial building controls, smart grid meters, LED bulbs, and more, providing high repeatability, mechanical stability, and wire retention strength.
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
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26. South America Wire-to-Board Connector Market
27. Brazil Wire-to-Board Connector Market
28. Middle East Wire-to-Board Connector Market
29. Africa Wire-to-Board Connector Market
30. Wire-to-Board Connector Market Competitive Landscape And Company Profiles
Top Major Players:
- Hon Hai Precision Industry Co Ltd
- Yamaichi Electronics Co. Ltd
- 3M Co
- Fujitsu Limited
- Luxshare Precision Industry Co. Ltd
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