The global

Industrial Connectors Market

is valued at

USD 8.40 Billion in 2022

and is projected to reach a value of

USD 19.2 Billion by 2030

at a CAGR (Compound Annual Growth Rate) of

7.80%

between 2023 and 2030.

Premium Insights

The growth of the Industrial Connectors market is being fueled by the increasing industrial automation and the implementation of Industry 4.0 technologies. As industries strive to improve efficiency, productivity, and connectivity in their operations, the demand for advanced and reliable industrial connectors has increased. These connectors have a crucial role in facilitating seamless communication and data transfer between different components and devices in automated systems.

• The need for high-speed, durable, and robust connectors has also intensified in sectors such as manufacturing, automotive, energy, and aerospace, where complex machinery and automated processes require efficient interconnectivity.
• Asia Pacific generated more than 35.6% of revenue share in 2022
• North America is expected to grow at the quickest rate from 2023 to 2030
• PCB segment accounted for the largest market growth. It contributed over 29.2% of the total revenue share in 2022
• Crimping segment revealed the most significant market growth, contributing significant share in 2022
• Semiconductor & Electronics segment accounts for largest revenue in 2022

Economic Insights

The market for Industrial Connectors is influenced by technological advancements, globalization, and industry-specific demands, creating a dynamic economic landscape. As manufacturing processes move towards automation and Industry 4.0, there is a growing requirement for advanced and reliable connectivity solutions, leading to an increased demand for industrial connectors. The market encompasses a wide range of applications in sectors such as automotive, aerospace, energy, and telecommunications. As economies recover from global uncertainties, the industrial connectors market is expected to witness significant growth, driven by investments in infrastructure, technological upgrades, and the integration of IoT devices across various industries.

Top Market Trends

• Growing demand for high-performance connectors: Connectors that can withstand extreme conditions, including high temperatures, harsh chemicals, and abrasive environments, are increasingly sought after in various applications including industrial automation, robotics, transportation, and energy.
• Increasing adoption of miniature and lightweight connectors: As the size and weight of industrial devices and machines decrease, there is an increasing need for smaller and lighter connectors. This is especially significant in industries like aerospace and automotive, where the weight factor holds great importance.
• Rising demand for connectors that are compatible with Industry 4.0: Industry 4.0 represents the advanced phase of industrial manufacturing, characterized by the utilization of automation, robotics, and the Internet of Things (IoT). In order to accommodate these technologies, industrial connectors must possess compatibility with Industry 4.0 and offer reliable connectivity and high-speed data transmission capabilities.
• Rise of the Internet of Things (IoT): The IoT consists of physical objects that have sensors, software, and other technologies embedded in them, enabling them to communicate and share data with other devices and systems. To connect IoT devices to the cloud and other devices within a factory setting, industrial connectors are vital.

Market Segmentation

Industrial Connectors {{Segmentation_Ext}}

Based on Connector Type

PCB holds the largest share

PCB connectors are a crucial component in electronic devices as they connect PCBs and ensure their reliable operation. They are widely used in various industries such as factory automation, robotics, medical devices, aerospace, defense, industrial computers, telecommunications, and networking equipment. These connectors are designed to meet the specific requirements of different applications and come in different types including pin header connectors, board-to-board connectors, wire-to-board connectors, and USB connectors such as USB Type-A, USB Type-B, and USB Type-C.

Based on

Termination Method

Crimping

will dominate the market during Forecast Period

Crimping is expected to dominate the Industrial Connectors market as the preferred method for terminating wires. This process involves using a crimping tool to compress the connector metal around the wire, creating a secure and reliable connection that is resistant to vibration and corrosion. Crimping is widely favored for its efficiency, speed, and reliability, making it ideal for high-volume production environments and accessible to both skilled and unskilled workers. Significant advantages of crimping include its quick termination speed, dependable connections in rugged industrial environments, and ease of use.

Based on Vertical

Semiconductor & Electronics will account for largest market share

The Industrial Connectors market is expected to be dominated by the semiconductor and electronics vertical, which is projected to have the largest market share in the coming years. The widespread use of electronics in different industrial applications like factory automation, robotics, and medical devices. The increasing demand for high-speed and reliable connectors, especially in the semiconductor and electronics industry where substantial data transmission is crucial, further strengthens the leading position of this vertical. The trend towards smaller and lighter connectors, driven by the need for electronic device miniaturization, also contributes to the growth of the semiconductor and electronics vertical.

Based on Region

Asia Pacific will lead the market

The Industrial Connectors market in the Asia Pacific region is set to take the lead in the coming years due to various factors contributing to its dynamic growth. Key countries such as China, India, and South Korea play a crucial role in this growth with their rapid industrialization and urbanization. Additionally, the manufacturing sectors increasing adoption of automation and robotics boost the market. The surge in demand for electronic devices also strengthens the regions dominance. Moreover, the presence of major industrial connector manufacturers in the region contributes to its anticipated faster growth compared to other regions.

Competitive Landscape

The Industrial Connectors market is highly competitive, with key players competing for both market share and technological dominance. Major manufacturers, who often have a global presence, employ strategic initiatives like mergers, acquisitions, and partnerships to expand their product offerings and reach. These companies prioritize innovation to meet the evolving needs of industries reliant on industrial connectors, particularly in manufacturing, automation, and electronics. They make significant investments in research and development to introduce advanced connector technologies that cater to the increasing demand for fast, reliable, and compact solutions.

The players in the global Industrial Connectors market include FrieslandCampina (The Netherlands), Groupe Lactalis (France), Arla Foods (Denmark), Saputo (Canada), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (US), Kerry Group (Ireland), Ornua (Ireland), AMCO Proteins (US), Prolactal (Austria), Valio (Finland), Glanbia (Ireland), Hoogwegt Group (The Netherlands), Batory Foods (US) and Ingredia SA (France) among others.

Recent Market Developments

• 
  

  April 2022:

  
  

  E Connectivity has introduced a new 369 series connector that is perfect for challenging and restricted environments. The sealed panel mount connector retains its compatibility with existing 369 connectors while also offering a range of improved features.

Segmentation of the Global Industrial Connectors Market