PCB Connector Market Size & Share, by Type (Board-to-Board Connectors, Wire-to-Board Connectors, Power Connectors, RF Connectors, Optical Connectors, Pin Header Connectors, USB Connectors, Others); Material (Metal, Polytetrafluoroethylene [PTFE]); End-Use Industry (Telecom, Transportation, Automotive, Industrial, Computer & Peripherals, Aerospace & Defense, Power & Energy) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5669
  • Published Date: Feb 16, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

PCB Connector Market size is projected to surpass USD 19 Billion by the end of 2036, expanding around 4% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of PCB connectors was approximately USD 12 Billion. The major factor that dominates the market revenue is the growing demand for electric vehicles. Global sales of electric vehicles exceeded over 9 million in 2022, and this year's sales are predicted to increase by another about 34% to close to 13 million. Hence, the demand for PCB connectors is also growing. PCBs are a crucial component of electric vehicles, providing connections between the vehicle's many electrical components. They work great in electric cars as they are more compact, dependable, and lighter than conventional wire.

Furthermore, in various nations, governments are working towards encouraging the adoption of electric vehicles through several schemes and offers. Also, there is great investment in the development of EV charging stations which is further expected to boost the market expansion for PCB connectors. 


PCB Connector Market
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PCB Connector Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Consumption of Renewable Energy -PV panels, wind turbines, and other renewable energy installations need PCB connections to connect different systems and parts. The power and energy sector is expanding as a result of the increasing shift to renewable energy sources and supportive government initiatives to address environmental issues. It is estimated that between 2022 and 2027, the world's renewable capacity will increase by almost over 2 399 GW, or nearly about 74%. PCBs for the renewable energy industry connect electrical components so that signals and power may travel to different devices, just as PCBs for other purposes. The renewable energy sector depends on power-producing devices with intricate electronics. These machines operate more efficiently due to PCBs, which control loads and processes and distribute electricity to numerous devices in an efficient manner. Hence, with the growing demand for renewable energy, the PCB connector market is growing.  
  • Rising Trend of Miniaturisation of PCB Connector  -Smaller connections with more pins and high-density layouts are being designed as a result of the PCB connector trend toward miniaturization. The demand for more compact and smaller electronic gadgets, such as wearables is the driving force behind this. Miniaturized connectors improve the overall appearance and mobility of the gadget in addition to saving space. To accomplish this, manufacturers are employing sophisticated materials and manufacturing processes, which enable them to connect several components in constrained places while guaranteeing dependable electrical connections. Custom connectors or connectors with intricate geometries are being produced by experimenting with innovations in manufacturing processes, such as 3D printing.
  • Surge in Automation & Robotics  -PCB connectors facilitate the simple transfer of power and signals between different parts, modules, and subsystems, which guarantees efficient coordination and communication in automation and robotics. Robotics installations are being driven by the growing requirement for increased productivity, increased precision, lower labor costs, and the capacity to handle complicated jobs with efficiency. This is driving up the need for PCB connectors proportionately.

Challenges

  • Complexities in Technology - Board-to-board connectors must meet specific requirements for each application, including those related to power transfer, signal integrity, size restrictions, environmental factors, and mechanical considerations. Connector design and development that satisfies these particular specifications may be difficult and time-consuming. The constraints are further compounded by the quick speed at which technology is developing and the requirement for customization for various applications and sectors.
  • Technical Challenges in High-Speed Data Transmission and Signal Integrity - Ensuring dependable signal transmission with low loss, distortion, and interference becomes essential as data transfer rates rise. These difficulties are caused by several variables, including material selection, connection crosstalk, insertion loss, reflection, crosstalk, impedance management, noise, EMI, skew, and timing problems. To meet these obstacles, manufacturers need to use sophisticated design approaches, exacting testing procedures, and premium materials. Delivering board-to-board connectors that satisfy the exacting standards of high-speed data transmission systems requires close customer collaboration and careful consideration of particular application requirements. To reduce the effects of noise, interference, and transmission mistakes, optimize signal routes, and enhance connector performance, ongoing research, and development are required.
  • High Cost of PCB Connector  

PCB Connector Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~4%

Base Year Market Size (2023)

~ USD 12 Billion

Forecast Year Market Size (2036)

~ USD 19 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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PCB Connector Segmentation

Type (Board-to-Board Connectors, Wire-to-Board Connectors, Power Connectors, RF Connectors, Optical Connectors, Pin Header Connectors, USB Connectors, Others)

The board-to-board connectors segment in the PCB connector market is projected to gather the highest revenue share of 30% during the forecast period. The growth of the segment is set to be influenced by the rise in several data centers. As of December 2023, there were roughly 10,976 data center installations worldwide. Hence, board-to-board connectors, with their polarized, flame-retardant housings that safeguard connections in challenging situations, offer dependable, high-speed data transfer with improved clarity to data centers. Further, there has been a surge in the integration of IoT and edge computing in board-to-board connectors. The demand for board-to-board connectors for enabling connectivity between devices, sensors, and edge computing modules is driven by the growing adoption of loT devices and edge computing solutions. This allows for connectors with specific properties such as low power consumption, secure connections, and strong designs for loT and edge computing applications. In the industrial sector, for instance, "edge computing" is used to monitor and manage manufacturing processes in real-time. At the network's edge, board-to-board connectors facilitate the efficient conveyance of data and decision-making by connecting sensors, actuators, and processing units.

End-Use Industry (Telecom, Transportation, Automotive, Industrial, Computer & Peripherals, Aerospace & Defense, Power & Energy)

The automotive segment in the PCB connector market is projected to gather the highest revenue share of close to 35% in the coming years. Automotive electronics, including GPS, anti-lock brake systems, engine controls, rearview cameras, and front lights, employ PCB connectors. Additionally, with the growing demand for autonomous vehicles, the market is expected to grow more further. However, safety is one of the crucial factors in autonomous vehicles. Lane departure systems, sleepy driver alert systems, blind spot recognition, and other features are instances of safety features. Hence, PCB connectors are needed for these systems. PCBs inside the cabin regulate the interior climate, entertainment systems, and navigation.

Our in-depth analysis of the global PCB connector market includes the following segments:

          Type

  • Board-to-Board Connectors
  • Wire-to-Board Connector
  • Power Connectors
  • RF Connectors
  • Optical Connectors
  • Pin Header Connectors
  • USB Connectors
  • Others

          Material

  • Metal
  • Polytetrafluroethylene [PTFE]

           End-Use Industry

  • Telecom
  • Transportation
  • Automotive
  • Industrial
  • Computer & Peripherals
  • Aerospace & Defense
  • Power & Energy

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PCB Connector Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific PCB connector market is projected to gather the highest revenue share of 30% in the coming years. The major factor to influences the market growth in this region is rising investment in 4.0. Spending on Industry 4.0 increased to about USD 5–7 billion in the Indian manufacturing industry in FY21. Moreover, the market is also projected to grow on account of rising investment in electric vehicles by countries including China, Japan, and India. Additionally, the demand for consumer electronics is also flourishing in this region which includes smartphones and more. Connectors in smartphones provide electricity from the battery to the processor, display, and other parts of the device. The modularity of electrical equipment is further enhanced by PCB connectors.

North American Market Analysis

The PCB connector market in North America is also estimated to have notable growth during the forecast period. This growth could be owing to the growth in several key players indulged in manufacturing more advanced PCB connectors. Also, the demand for various gadgets including digital cameras, printers, and gaming consoles is high in this region owing to the growing disposable income of people. As a result, this factor is also projected to dominate the market expansion in this region.

Research Nester
PCB Connector Market Size
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Top Featured Companies Dominating the PCB Connector Landscape

top-features-companies
    • TE Connectivity
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • GradConn, Ltd.
    • Phinia Inc.
    • ITT Inc.
    • Rosenberger Group
    • LEMO
    • Phoenix Contact
    • Samtec
    • JST

In-the-news

In The News

  • A time-saving solution, the D-2970 Dynamic Series tiny wire-to-board PCB connector from TE Connectivity (TE), a leader in connectivity and sensors globally, features a field-installable push-in clamp termination mechanism. This unique connector offers versatility and simplicity for a range of applications by enabling dependable and efficient wire-to-board connections. The D-2970 Dynamic Series connector improves productivity and streamlines the PCB assembly process thanks to its small size and easy installation.
  • I-PEX and GradConn are pleased to establish a global partnership for GradConn bulkhead connection cable assemblies and I-PEX MHF series micro connectors.
  • In collaboration with TraceParts, one of the top CAD-content platforms for engineering worldwide, and HIROSE Electric Co., Ltd., a connector producer, over 10,000 ready-to-use 3D models for various Hirose PCB mountable connections have been made available.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5669
  • Published Date: Feb 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are the growing consumption of renewable energy, the rising trend of miniaturization of PCB connectors, and the surge in automation & robotics.

The market size of PCB connectors is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.

The major players in the market are TE Connectivity, GradConn, Ltd., Phinia Inc., ITT Inc., and others.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
PCB Connector Market Report Scope
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