High-Speed Connector Market Scope, Size, Share, Trends | 2031

The high-speed connector market size is estimated to grow from US$ 4.25 billion in 2023 to US$ 7.95 billion by 2031; it is projected to grow at a CAGR of 8.2% from 2023 to 2031.

Analyst Perspective:

The report includes growth prospects owing to the current high-speed connector market trends and their foreseeable impact during the forecast period. The market is growing significantly with the increasing importance of high-speed connectivity in the telecommunication sector. Connectivity and communication are crucial for any organization. Businesses need to communicate information comprehensively, quickly, and flexibly to stay competitive in different markets. The continuous demand for electronic and infotainment systems in automobiles is another factor fueling the high-speed connector market.

Market Overview:

High-speed connectors are used in nearly every electronic device across the world. With their versatile range of applications, i.e., from connecting computers to the internet or connecting undersea fiber optic cables to data centers, connectors play a critical role in modern technology-enabled sectors. High-speed connectors often operate only at low voltages and utilize high-quality conductors and data transfer media. Further, the rising deployment of 5G technologies, IoT, and edge computing creates huge opportunities for the high-speed connector market. Various companies are launching new and innovative high-speed connectors. For instance, in May 2022, Carlisle Interconnect Technologies (CarlisleIT), a division of Carlisle Companies (CSL), launched the newest in its signature line of Octax high-speed data connectors—Octax Hybrid. The high-speed connectors market is segmented on the basis of product and application. Based on product, the market is fragmented into board-to-cable, board-to-board, and others. By application, the market is segmented into communications, automotive, aerospace and defense, energy and power, electronics, and others.

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High-Speed Connector Market: Strategic Insights

Market Size Value in	US$ 4.25 billion in 2023
Market Size Value by	US$ 7.95 billion by 2031
Growth rate	CAGR of 8.2% from 2023 to 2031
Forecast Period	2023-2031
Base Year	2023

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Market Driver:

Increasing Demand for Electronics and Infotainment Systems in Automotive Sector Propels High-Speed Connector Market Growth

Modern infotainment systems equipped with features such as high-resolution displays, navigation, internet connectivity, and advanced audio systems require a high data transfer rate to function precisely. High-speed connectors are specifically designed to transmit data at faster speeds, ensuring a seamless user experience and optimal system performance. The automotive sector is constantly innovating by integrating a wide range of electronic features into vehicles. These features include advanced driver-assistance systems (ADAS), autonomous driving features, and telematics, all of which rely on high-speed data communication between various components. High-speed connectors aid in reliable and efficient data transfer between sensors, cameras, control units, and other electronic systems.

Several companies are investing in the development of infotainment systems enabled by new technologies. In June 2023, Nvidia Corp and MediaTek Inc announced their plan to team up for the development of a technology to power advanced vehicle infotainment systems that would be capable of streaming video or games or using artificial intelligence to interact with drivers. In January 2023, Garmin demonstrated its latest in-cabin solutions for automotive original equipment manufacturers (OEM) at CES 2023, emphasizing on technologies that integrate multiple domains, touchscreens, and wireless devices on a single system-on-chip (SoC). The demonstrated solutions featured four infotainment touchscreens, an instrument cluster, wireless headphones, a cabin monitoring system, smartphones, wireless gaming controllers, and several entertainment options, all powered by a single Garmin multidomain computing module. Therefore, the increasing complexity and data demands of modern automotive electronics and infotainment systems necessitate the use of high-speed connectors, which enable faster data transfer, seamless feature integration, and weight reduction. Thus, the surging demand for electronic and infotainment systems in automobiles propels the high-speed connector market growth.

Segmentation and Scope:

The high-speed connector market analysis has been carried out by considering the following segments: product, application, and geography. Based on product, the market is fragmented into board-to-cable, board-to-board, and others. By application, the market is segmented into communications, automotive, aerospace & defense, energy & power, electronics, and others. The geographic scope of the high-speed connector market report includes North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.

Segmental Analysis:

By application, the market is segmented into communications, automotive, aerospace & defense, energy & power, electronics, and others. The aerospace & defense segment dominated the high-speed connector market share in 2023. Communication has the utmost importance in the aerospace & defense sector as it allows for the seamless integration of systems on planes and systems operated on the ground. They are developed to meet standards such as VITA and VPX protocols to ensure connectivity in critical situations and harsh environments. Advancements in the aerospace industry such as lightweight aircraft, long-range connecting devices, and unmanned aerial vehicles (UAVs) further create the demand for advanced high-speed connectors. These connectors enable the transmission of large volumes of data between various systems in harsh and demanding environments.

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Regional Analysis:

The North America high-speed connector market is segmented into the US, Canada, and Mexico. The flourishing networking and communications sector, wherein these connectors are highly used to offer enhanced connectivity, reliability, and high-speed transfer, benefits the market in this region. The US dominated the high-speed connector market share in North America in 2023. The increasing demand for faster internet speeds, driven by advancements such as 5G networks and fiber optic broadband, highlights the necessity of high-speed connectors to handle the data flow. In addition, key countries in North America are investing in the expansion and reinforcement of high-speed internet networks. In June 2023, the National Telecommunications and Information Administration (NTIA) of the Department of Commerce announced US$ 930 million to expand middle-mile high-speed internet infrastructure across 35 states and Puerto Rico.

Key Player Analysis:

Samtec, Molex LLC, TE Connectivity, Hirose Electric Co, LTD., Yamaichi, Neoconix, Fujitsu, Omron, IMS Connector Systems, Oupiin Enterprise Co. Ltd, Amphenol are among the key companies profiled in the high-speed connector market report. This report focuses on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.

Recent Developments:

The high-speed connector market forecast can help stakeholders plan their growth strategies. Inorganic and organic strategies, such as mergers and acquisitions, are the major growth strategies adopted by companies in this market. A few recent key market developments, as per company press releases, are listed below:

• In January 2024, Amphenol Corporation, a prominent global provider of advanced interconnect, antenna, and sensor solutions, announced a definitive agreement to acquire the Carlisle Interconnect Technologies (CIT) business from Carlisle Companies Incorporated (NYSE: CSL) for a cash consideration of US$ 2.025 billion, subject to customary post-closing adjustments. CIT is a leading supplier of rugged interconnect solutions primarily designed for the commercial air, defense, and industrial sectors. It is projected to generate approximately US$ 900 million in sales and has an adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margin of ~20% in 2024.
• In January 2023, Amphenol Communications Solutions launched the PCIe Gen 6 Mini Cool Edge IO GH01 Series of high-speed connectors. Developed in collaboration with the PCI-SIG, these connectors offer exceptional performance in terms of high-speed data transfer and compact design, featuring a 0.6mm pitch. They are designed to meet the stringent requirements of Gen 6 SI performance at 85-ohm impedance. These products find particular relevance in servers, data centers, storage systems, workstations, and networking equipment, enabling the seamless integration of Big Data applications such as artificial intelligence (AI) and machine learning (ML).
• In September 2021, Amphenol ICC (a global leader in connector technology, design, and manufacturing) collaborated with eTopus Technology (a pioneer in ultra-high-speed ADC/DSP-based SerDes) to develop a groundbreaking 112Gb/s interconnect technology. This innovative solution combines Amphenol ICC's expertise in connector technology with eTopus Technology's advanced SerDes capabilities. The 112Gb/s interconnect technology is designed to meet the demands of high-speed communications, ML, AI, and industrial and instrumentation applications. By utilizing 112Gb/s four-level pulse amplitude modulation (PAM4) technology, these interconnects maximize the bandwidth available in each communication channel.
• In July 2020, Hirose Electric Co. Ltd. launched the new FX26 series of high-contact, reliable, and durable board-to-board floating connectors with operating temperatures ranging from -40°C to 140°C. This FX26 series won the CES 2020 innovation award (Las Vegas, US) in the Vehicle Intelligence & Transportation category, and the 16th JPCA (i.e., Japan Printed Circuit Association) show award.
• In February 2019, TE Connectivity launched MULTIGIG RT 3 and MULTIGIG RT 2-S, which are next-generation lightweight, rugged, high-speed backplane connectors to meet the interface dimensions for VITA 46 VPX connectors.