Board-To-Board Connectors Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
Board-to-Board Connector Market Growth and Trends
The global board-to-board connectors market or the BTB connectors market is currently holding a market value of US$ 650 million in 2020 and is expected to grow at a CAGR of 2.3% to a projected market value of US$ 740 million by 2024. The increasing digitalization is the major driving factor behind the growth of the BTB connectors market.
The increasing globalization has resulted in emerging economies which increased the penetration of smart appliances. The increased use of smartphones, personal computers, and video cameras has propelled the demand for BTB connectors. The rising digitalization in all industry verticals has increased the use and demand for BTB connectors in medical devices, data centers, wearable devices, and security solutions systems.
The increasing production rates of BTB connectors have increased the demand-met-by-supply factor of the BTB connectors market. The global BTB connectors’ production size was 3870.57 million units in 2016 and is projected to reach a production size of 5100.83 million units by 2024. The increasing adoption of the Internet of Things (IoT) has resulted in forwarding propulsion in the BTB connectors’ market growth.
The rising need for automation has resulted in the emergence of advanced technology that requires BTB connectors for efficient functioning. The progressing automotive sector has provided opportunities for the BTB connectors with the introduction of upcoming electric vehicles. The consumer electronics market has exhibited the highest consumption of BTB connectors.
The narrowing price gap between the different brands and market players has influenced the BTB connectors’ market. The growing levels of product performance are also raising the needs for BTB connectors. The evolving types of products and exemplary post-sales services have influenced the market growth for BTB connectors. The high-end or premium products market is found to hold the largest share in the BTB connectors market.
The globally increasing number of data centers due to emerging cloud-based services, social networking sites, high-speed internet technology, and HD video-based gaming technologies has positively affected the growth curve of the BTB connectors market. The need for trustworthy and secure connections in data centers coupled with a swift data transmisisons and computing is a major growth factor of the BTB market.
The advancements seen by the BTB connectors’ market technologically is determining a promising future for the market. The high investments and marketing strategies employed by the top market players are seen boosting the growth of the BTB connectors market.
Board-to-Board Connector Industry Regional Analysis
Board-to-Board Connector Market Research Report Scope/Definition
Board-to-Board Connector Market Share and Competition Key companies operating in this industry are: TE ; Connectivity ; Amphenol ; Molex ; Foxconn ; JAE ; Delphi ; Samtec ; JST ; Hirose ; HARTING ; ERNI Electronics ; Kyocera Corporation ; Advanced Interconnect ; YAMAICHI
Board-to-Board Connector Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Classification Analysis (Revenue, USD Million, 2021 - 2028)
• 1.00 mm~2.00 mm
• > 2.00 mm
Application Analysis(Revenue, USD Million, 2021 - 2028)
• Consumer Electronics
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Board-to-Board Connector Industry Companies
• TE Connectivity
• ERNI Electronics
• Kyocera Corporation
• Advanced Interconnect
Available Versions of Board-to-Board Connector Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report