2022 Top 10 Connector Manufacturers
The top 10 connector manufacturers collectively achieved $43.185 billion in recorded shipments sales in 2021, an increase of +19.3% from 2020 shipments of $36.211 billion.
Every year, Bishop & Associates takes a comprehensive look at the connector industry in all its complexity, evaluating the activities of more than 750 connector suppliers over both the past year and past decade to gain a broad perspective on the industry and determine the top companies. The world’s top 100 connector manufacturers recorded 2021 shipments of $66.826 billion. This represented 85.7% of the worldwide connector market, down from 93.7% in 2020. The balance of the connector industry had 2021 shipments of $11.165 billion and represented 14.3% of the total market.
Focusing more closely on the top, we find the world’s top 10 connector manufacturers recorded 2021 shipments of $43.185 billion. This was an increase of +19.3% from 2020 shipments of $36.211 billion. Four of the top 10 manufacturers were North America-based, three were Japan-based, one was China-based, one was Europe-based, and one was Asia Pacific-based.
The following table identifies the top 10 connector manufacturers as defined by global connector sales.
Top 10 Worldwide Connector Manufacturers
When comparing the growth of the top 10 over the last five years with that of the total connector industry, it is not surprising to see that the top 10 suppliers grew more than the overall market, achieving 4.4% growth versus 3.0% respectively. As Bishop has indicated in the past, much of this can be attributed to acquisitions made by the top 10 suppliers over the last decade. In fact, over the last decade, the top 10 companies acquired more than 80 companies.
2021 Top 10 Connector Manufacturers
The leading worldwide connector manufacturer was TE Connectivity, with 2021 shipments of $12.019 billion. This was up from 2020 shipments of $9.692 billion. TE Connectivity accounted for 15.4% of total 2021 worldwide connector shipments, down 0.1% from 2020.
The second ranked manufacturer was Amphenol, with 2021 shipments of $8.606 billion. Amphenol represented 11.0% of total worldwide connector shipments.
The third ranked manufacturer was Molex, with 2021 shipments of $4.711 billion. Molex accounted for 6.0% of total 2021 worldwide connector shipments.
The top 10 manufacturers accounted for 55.4% of the 2021 total worldwide connector market. This is down from 2020’s market share of 58.8%.
Top 10 Shipments by Product Category
The largest product category for the top 10 manufacturers was printed circuit board (PCB) connectors at $14.715 billion. PCB connector shipments by the top 10 accounted for 57.9% of the total PCB connector category. This is down from the 68.4% in 2020.
The second largest product category for the top 10 manufacturers was application specific connectors. Application specific connectors totaled $9.232 billion in 2021 and accounted for 67.7% of the total application specific connector category, down from 69.3% in 2020.
The following table displays 2021 shipments from the top 10 manufacturers for each of the 12 connector product categories.
Top 10 by Connector Product Category
Design engineers and purchasing personnel want to use the best connector companies for their design and purchasing requirements. However, connector suppliers have many diverse strengths and identifying the best connector companies in a marketplace that is filled with strong competitors is not an easy task. This selection of insights from Bishop & Associates’ new World’s Top 100 Connector Manufacturers report provides a starting point for learning more about the leading suppliers in our industry.
Bishop & Associates’ 10-chapter research report provides a complete analysis of the world’s top 100 electronic connector manufacturers in 2021. This report furnishes detailed statistics that benchmark the leading connector manufacturers by total sales, sales by end-use equipment market and product category, geographic region, and many other key industry metrics. The report examines suppliers at every tier, including small specialists and strong regional suppliers, and provides all the key data needed to analyze each of the top 100 worldwide electronic connector suppliers. Click here for more information.
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