Global Wire-To-Board Connector Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers

1 Nov, 2023

The global wire-to-board connector market is expected to grow from $4.48 billion in 2022 to $4.74 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global wire-to-board connector is expected to reach $5.75 billion in 2027 at a CAGR of 4.9%.

Global Wire-To-Board Connector Market Key Driver

The escalating proliferation of data centers is projected to drive the expansion of the wire-to-board connector market in the foreseeable future. A data center serves as a physical space, building, or infrastructure that accommodates the necessary IT technology for creating, executing, and delivering applications and services, along with storing and managing associated data. Wire-to-board connectors play a vital role in data centers, facilitating electrical connections between circuit boards and other devices. Consequently, this results in enhanced data transmission speeds and the generation of more precise signals, thereby minimizing heat production.

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Global Wire-To-Board Connector Market Segments

The global wire-to-board connector market 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
4) By Geography: The regions covered in the wire-to-board connector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global wire-to-board connector market.

Major Wire-To-Board Connector Industry Players

  • Hon Hai Precision Industry Co Ltd.
  • Yamaichi Electronics
  • 3M Co.
  • Fujitsu Limited
  • Luxshare Precision Industry Co. Ltd.
  • Kyocera Corporation
  • TE Connectivity Ltd.
  • Amphenol Corporation
  • Molex LLC.
  • Phoenix Contact GmbH and Co KG.
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    Wire-To-Board Connector Market Overview

    A wire-to-board connector is a type of electrical connector that connects a collection of individual wires to a printed circuit board (PCB) to enable the power and signal to the board. They are utilized in a variety of applications, including lighting systems, PCB testing, and power supplies.

    Wire-To-Board Connector Global Market Report 2023 provides data on the global wire-to-board connector market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The wire-to-board connector market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.