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The wire-to-board connector market share is expected to increase by USD 1.06 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.72%.
This wire-to-board connector market research report will help companies evaluate their business approaches. Furthermore, this report extensively covers wire-to-board connector market segmentation by application (computer and peripherals, automotive, telecommunication, medical, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The wire-to-board connector market report also offers information on several market vendors, including 3M Co., Amphenol Corp., ERNI Deutschland GmbH, Foxconn Technology Group, HARTING Technology Group, HIROSE ELECTRIC Co. Ltd., Japan Aviation Electronics Industry Ltd., JST Mfg. Co. Ltd., Koch Industries Inc., KYOCERA Corp., Norcomp Inc., Phoenix Contact GmbH and Co. KG, Samtec Inc., TE Connectivity Ltd., WAGO Kontakttechnik GmbH & Co. KG, Wurth Elektronik GmbH and Co. KG, and Yamaichi Electronics Co. among others.
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The increased adoption of automotive electronics is notably driving the wire-to-board connector market growth, although factors such as reliability and durability issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wire-to-board connector industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Wire-to-Board Connector Market Driver
One of the key factors driving growth in the wire-to-board connector market is the increased adoption of automotive electronics. Automotive connectors form a major element in all these electronic devices used in automobiles. Automotive components contribute to a major share of the manufacturing costs of vehicles. With the increase in the adoption of highly advanced electronic systems such as driver assistance systems, audio controls, cruise control, diagnostic systems, and infotainment systems, the use of automotive connectors has also increased in vehicles. In addition, stringent government regulations on carbon emissions have promoted the use of emission sensors that aid in keeping carbon emissions in check. All these electronic systems and sensors need automotive connectors to transfer information and ensure the efficient working of these components.
Key Wire-to-Board Connector Market Trend
The miniaturization of electronic devices is another factor supporting the wire-to-board connector market share growth. Technological advances have positively influenced the growth of the electronic devices market to a large extent. The increasing demand for these electronic devices has encouraged manufacturers to invest huge amounts in R&D. With technological advances, the size of electronic devices has reduced considerably over the years. Customers are now demanding highly reliable and compact electronic devices. The miniaturization of electronic devices is mainly due to the need to reduce raw material costs and the increasing need for smaller assemblies in certain applications.
Key Wire-to-Board Connector Market Challenge
The reliability and durability issues will be a major challenge for the wire-to-board connector market during the forecast period. Connectors are vulnerable to damage and other issues due to various field conditions such as voltage fluctuations, temperature excursions, or mechanical forces. In addition, there are failures such as broken latches, separation of mating joints without any external causes, or overheating of joints due to misalignments, which occur due to poor design. The above issues are the major reasons for durability and reliability issues arising in connectors. However, these issues pose a major challenge for the global wire-to-board connector market as they affect the safety of the device that is connected and the safety of the customer who uses the product. Hence, reliability and durability issues are major challenges for the global wire-to-board connector market which hinder the market in focus.
This wire-to-board connector market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global wire-to-board connector market as a part of the global electrical components and equipment market within the global electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wire-to-board connector market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the wire-to-board connector market encompasses successful business strategies deployed by the key vendors. The wire-to-board connector market is fragmented and the vendors are deploying growth strategies such as focusing on new project launches to compete in the market.
3m.com - The company offers radiation therapy equipment named CyberKnife system.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The wire-to-board connector market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the wire-to-board connector market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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44% of the market's growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for wire-to-board connector in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of globally leading companies in the military and defense sectors and the high demand from various military establishments in the region, especially from China, will facilitate the wire-to-board connector market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2021, the COVID-19 pandemic propelled the growth of the market in North America. The emergence of a new business environment with a work-from-home culture is increasing the adoption of hi-tech data services to enhance the working experience. Lockdown norms across various industries have augmented the need for working from home with remote planning, tracking, and monitoring business operations.
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The wire-to-board connector market share growth by the computer and peripherals segment will be significant during the forecast period. The advances in technologies have also increased advances in Internet technologies. This advancement has led to network upgrades, thereby leading to up-gradation of connectors to ensure high-speed transmission, which will drive the market growth through this segment in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the wire-to-board connector market size and actionable market insights on post COVID-19 impact on each segment.
Wire-to-Board Connector Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.72% |
Market growth 2022-2026 |
$ 1.06 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.4 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 44% |
Key consumer countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., Amphenol Corp., ERNI Deutschland GmbH, Foxconn Technology Group, HARTING Technology Group, HIROSE ELECTRIC Co. Ltd., Japan Aviation Electronics Industry Ltd., JST Mfg. Co. Ltd., Koch Industries Inc., KYOCERA Corp., Norcomp Inc., Phoenix Contact GmbH and Co. KG, Samtec Inc., TE Connectivity Ltd., WAGO Kontakttechnik GmbH & Co. KG, Wurth Elektronik GmbH and Co. KG, and Yamaichi Electronics Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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