What Has Been The Historical And Current Growth Of The Wire-to-Board Connector Market?
The wire-to-board connector market has seen considerable growth due to a variety of factors.
•The market size for wire-to-board connectors has seen a consistent increase over the past years. The market is expected to expand from $4.93 billion in 2024 to $5.15 billion in 2025, witnessing a compound annual growth rate (CAGR) of 4.5%.
Factors that have contributed to the growth in the historical period include the miniaturization of electronics, advancements in the electronics sector, a surge in automation and robotics, an increase in consumer electronics, and progress in the field of medical devices.
What Is The Forecast For The Wire-to-Board Connector Market By 2029?
The wire-to-board connector market is expected to maintain its strong growth trajectory in upcoming years.
• The market for wire-to-board connectors is anticipated to witness significant expansion in the coming years, with its value expected to reach $6.28 billion in 2029, rising at a compound annual growth rate (CAGR) of 5.1%.
This growth forecast can be linked to the development of the Internet of Things (IoT), incorporation of AI and machine learning, enlargement of the electric vehicle (EV) sector, progress in medical technology, and the initiation of renewable energy projects. Key trends for the predicted period include the establishment of 5G technology, growth in high-speed connectors, the emergence of USB type-c connectors, the development of waterproof and sealed connectors, as well as the integration of wireless connectivity.
Which Key Drivers Are Propelling The Wire-to-Board Connector Market's Growth?
The amplification in the number of data centers is anticipated to boost the wire-to-board Connector market's advancement. A data center constitutes a physical space, be it a room or building, that accommodates the necessary IT infrastructure for devising, implementing, offering applications and services and storing, and handling the associated data. Wire-to-board connectors play a pivotal role in these centers by establishing electrical connections between circuit boards and various devices, thereby enhancing data transmission rates and generating lesser heat due to accurate signals. For example, data from the National Telecommunications and Information Administration, a government agency based in the US, indicated about around 5,000 data centers in the country as of September 2024, and it's projected that the requirement for these setups will rise approximately 9% per year till 2030. Consequently, the escalating count of data centers is fueling the rise of the wire-to-board Connector market.
What Are The Key Segments Within The Global Wire-to-Board Connector Market?
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
Subsegments:
1) By Below 1.00 MM: 0.30 MM, 0.50 MM, 0.75 MM
2) By 1.00 MM To 2.00 MM: 1.00 MM, 1.25 MM, 1.50 MM, 1.75 MM, 2.00 MM
3) By Above 2.00 MM: 2.50 MM, 3.00 MM, 4.00 MM, 5.00 MM
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How Are New Trends Impacting The Size Of The Wire-to-Board Connector Market?
Top companies in the wire-to-board connector market are innovating with new products, including horizontal wire-to-board connectors, to establish a competitive advantage. These connectors perform the function of creating electrical connections between a PCB and wires in a horizontal arrangement. An example of this is from April 2022, when US-based electronic parts manufacturer, KYOCERA AVX Components Corporation, released the 9296-400 Series horizontal poke-home connectors with a 4mm-pitch, widening its range of wire-to-board connectors for commercial and industrial applications. The connectors, with the smallest height profile in the sector for 18–26AWG wire, provide a compact, high-temperature, and halogen-free SMT package. This simplifies the process of wire insertion and extraction for effortless factory and field termination. Specifically designed for a variety of applications like machine controls, motors, sensors, commercial building systems, smart grid meters, LED light bulbs, among others, it ensures high consistency, mechanical firmness, and superior wire retention strength.
Who Are the Key Players in the Wire-to-Board Connector Market?
Major companies operating in the wire-to-board connector market include:
• 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
What are the Regional Insights into the Wire-to-Board Connector Market?
Asia-Pacific was the largest region in the wire-to-board connector market in 2024 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.
