Railway Connectors Market Size, Share & Analysis by 2028

Railway Connector Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Connector Type (Boar Level Connector/PCB Connector, Data Connector, Pogo Pin Connector/Spring Load Connector, Power Connector, and Others), Component (Backshell and Connector Body), and Application (Light Rails/Trams, Metro, Passenger Coach, and Others)

  • Report Code : TIPRE00007460
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 156

Railway Connectors Market Size, Share & Analysis by 2028

Buy Now

The railway connector market is expected to grow from US$ 803.50 million in 2021 to US$ 1,150.21 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.

Growing population, changing lifestyle, and rapid urbanization require an interconnectivity railway communication systemand driving the market growth. Moreover, increasing data rates and rising miniaturization trend in electronic devices drive developments in compact, robust, and high-speed communication solutions. The emergence of digital transmission networks on railways offers manufacturers with the challenge of developing system concepts and equipment interfaces which is suitable for complex data communication. Many European vehicles are equipped with high technologies, such as wireless data transmission, which is expected to propel the demand for railway connectors for complex data communication in Europe during the forecast period.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Railway Connector Market: Strategic Insights

Railway Connector Market
  • CAGR
    CAGR (2021 - 2028)
    5.3%
  • Market Size 2021
    US$ 803.50 Million
  • Market Size 2028
    US$ 1,150.21 Million

Market Dynamics

GROWTH DRIVERS
  • Increasing demand for high-speed rail networks
  • Growing adoption of advanced railway technologies
  • Rising urbanization and need for efficient transportation
  • Government initiatives to modernize railway infrastructure
  • Surge in cross-border rail freight transportation
FUTURE TRENDS
  • Integration of IoT and AI in railway systems
  • Development of lightweight and durable connectors
  • Increased use of wireless technologies in railway operations
  • Focus on sustainable and eco-friendly connectors
  • Advancements in connector design for high-speed applications
OPPORTUNITIES
  • Expansion of railway networks in emerging economies
  • Development of smart railway systems
  • Increasing demand for energy-efficient railway solutions
  • Growth of the electric vehicle industry
  • Rising focus on railway safety and security

Key Players

  • Amphenol Corporation
  • TE Connectivity Corporation
  • Smiths Interconnect
  • HARTING Technology Group
  • Fischer Connectors SA
  • TT Electronics
  • KYOCERA AVX
  • Molex LLC Koch Industries Inc
  • Schaltbau GmbH

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentConnector Type
  • Boar Level Connector/PCB Connector
  • Data Connector
  • Pogo Pin Connector/Spring Load Connector
  • Power Connector
Market SegmentComponent
  • Backshell and Connector Body
Market SegmentApplication
  • Light Rails/Trams
  • Metro
  • Passenger Coach
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.


Impact of COVID-19 Pandemic on Railway Connector Market 

In 2020, the COVID-19 pandemic created a large-scale negative impact on global economies. The pandemic led to many challenges across various markets, such as the railway connector market. The demand and supply were majorly reduced due to low production. Further, the railway industry was negatively impacted due to lockdown. The restrictions on the supply chain created a halt in the manufacturing of railway connectors across the globe. However, the outlook for railway projects remained buoyant in 2021. Therefore, the demand for railway connectors has increased from 2021.

Market Insights – Railway Connector Market

Emergence of Driverless Trains to Propel Railway Connector Market during Forecast Period

Increasing electrification across the global transportation industry irrespective of the mode of transport has led to the development of automated transport methods. Trains are the frontrunners of transport automation after road transport, as autonomous driving is making its entry into the railway sector. In Europe, automatic train operation (ATO) is becoming the latest trend that modernizes the region's railway sector. In October 2019, six German companies, led by Siemens Mobility, started a joint project named “AStriD.” The growing urban and local transport propels the need to integrate advanced and automated systems in rail to optimize train operations. Therefore, increasing demand of connectors in autonomous trains offers advantages to the players operating in the railway connector market.

Connector Type-Based Insights

Based on connector type, the railway connector market is segmented into broad level connector/PCB connector, data connector, pogo pin connectors/spring load connector, power connector, and others. The broad-level connector/PCB connector segment held the largest market share in 2021.

Players operating in the railway connector market are mainly focused on developing advanced and efficient products.

  • In January 2021, Fischer Connectors Group started the construction of a new manufacturing facility in Portugal.
  • In June 2021, TT Electronics' AB Connectors became gold members of rail forum Midlands.

Railway Connectors Market Report Scope

Report Attribute Details
Market size in 2021 US$ 803.50 Million
Market Size by 2028 US$ 1,150.21 Million
Global CAGR (2021 - 2028) 5.3%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Connector Type
  • Boar Level Connector/PCB Connector
  • Data Connector
  • Pogo Pin Connector/Spring Load Connector
  • Power Connector
By Component
  • Backshell and Connector Body
By Application
  • Light Rails/Trams
  • Metro
  • Passenger Coach
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Amphenol Corporation
  • TE Connectivity Corporation
  • Smiths Interconnect
  • HARTING Technology Group
  • Fischer Connectors SA
  • TT Electronics
  • KYOCERA AVX
  • Molex LLC Koch Industries Inc
  • Schaltbau GmbH
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

The railway connector market is segmented on the basis of connector type, component, application, and geography. Based connector type, the market is segmented into broad level connector/PCB connector, data connector, pogo pin connectors/spring load connector, power connector, and others. In 2021, the broad level connector/PCB connector segment led the market and accounted for the largest market share. Based on component, the market is bifurcated into backshell and connector body. In 2021, the connector body segment led the market and accounted for a larger market share. Based on application, the railway connector market is segmented into light rail/trams, metro, passenger coach, and others. In 2021, the others segment led the market and accounted for the largest market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, APAC accounted for a significant share in the global railway connector market.

Amphenol Corporation, Kyocera-AVX, Fischer Connectors SA, Harting Technology Group, Molex, LLC (Koch Industries, Inc.), Schaltbau GmbH, Allied Electronics Corporation, Smiths Interconnect, TE Connectivity Corporation, and TT Electronics are among the key players that are profiled during this market study. In addition, several other essential market players were studied and analyzed to get a holistic view of the railway connector market and its ecosystem.

Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Connector Type, Component, and Application

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are key driving factors behind railway connector market growth?

The railway connector have been in use for several years worldwide, however, the technology has been experiencing immense demand in recent years. Increasing number of passengers train and railway projects and emergence of driverless trains/automated trains in developing countries are supporting the growth of railway connector market.

What are key market opportunities for railway connector market?

The increasing data rates and rising trend of miniaturization in electronic devices, drive developments toward compact, robust, and high-speed communication solutions. The emergence of digital transmission networks on railways presents manufacturers with the challenge of developing system concepts and equipment interfaces suitable for complex data communication. Many European vehicles are equipped with high technologies, such as wireless data transmission, which is expected to propel the demand for railway connectors for complex data communication in the Europe region during the forecast period. Therefore, with the development of advanced and new systems suitable for complex data communication will more opportunities for railway connector.

Which connector type dominated the market in 2021?

The global railway connector market was dominated by broad level connector /PCB connector segment accounted for the largest share in 2021 during the forecast period. The demand for fast, efficient, and reliable transport systems entails an increasing complexity of the technologies used to manufacture trains that will drive the PCB to connect type.

Which region has dominated the railway connector market in 2021?

In 2021, APAC led the market with a substantial revenue share, followed by North America and Europe. China is the leading country in APAC for railway connector, and it is expected to rise rapidly over the projection period, followed by the India and Japan.

Which country dominated the Europe region railway connector market?

China held the largest share in APAC region. The country railway sector is witnessing massive growth in its rail freight and passengers train operations. The railway freight has kept a high level of traffic which showed fast recovery and positive trend of the country economic & social development order. China rail freight business will rise by increasing freight volume and better capacity. Furthermore, in 2021, China is looking to expand its current railway technology of its first high-speed railway that links Beijing and Zhangjiakou, where the games 2022 Winter Olympic skiing events will be held. Thus, the rising investment and development towards the advancement of trains will drive the market growth.

Which are the major companies operating in the railway connector market?

The major companies in railway connector includes Amphenol Corporation, Kyocera-AVX, Molex, LLC (Koch Industries, Inc.), Schaltbau GmbH, and TE Connectivity Corporation. The ranking has been derived analysing multiple parameters such as annual revenue earned from railway connector portfolio, client base, geographic locations, R&D expenditure, brand image, and number of employees, among others. These companies are actively participating in developing railway connector for various applications.

The List of Companies - Railway Connectors Market

  1. Amphenol Corporation
  2. TE Connectivity Corporation
  3. Smiths Interconnect
  4. HARTING Technology Group
  5. Fischer Connectors SA
  6. TT Electronics
  7. KYOCERA-AVX
  8. Molex, LLC (Koch Industries, Inc.)
  9. Schaltbau GmbH
  10. Allied Electronics Corporation

Trends and growth analysis reports related to Electronics and Semiconductor : READ MORE..