New Bishop Report Examines the State of the Connector Market

Bishop & Associates’ latest research report, World Connector Market Handbook, details the connector industry performance from 2015 through 2024 and offers a preliminary 2025 and 2030 forecast.

In 2024, the connector industry saw sales grow a solid +5.6%. Is the industry expected to continue to grow at such a strong level or will there be a slowdown? Bishop & Associates’ latest research report, World Connector Market Handbook, explores that question and details the connector industry’s performance from 2015 through 2024, with a preliminary 2025 and 2030 forecast.

This comprehensive 232-page report analyzes all aspects of the world electronic connector market with detailed connector statistics by top-level equipment sector and product category for North America, Europe, Japan, China, Asia Pacific, and the ROW region. Included is a complete chapter on worldwide connector industry results by region, top-level equipment sector, and product category. Data is provided for the years 2015-2024, with projections for 2025 and 2030 (including five-year CAGRs).

Analysis of the world electronic connector market

Increasing over $4.6 billion in U.S. dollars, connector industry sales increased +5.6% from 2023 to 2024. Half of the regions saw an increase, while the other three regions saw a decrease in sales. The region showing the greatest increase in sales was the Asia-Pacific region, where sales grew +19.2%, followed by China where sales grew +12.1%. The region showing the greatest decrease in sales was the ROW region, where year-over-year sales declined -15.7%, followed by Japan, where sales declined -13.8%.

World Connector Market by Region 2022 to 2023 with Percent Change

Regional summary Like in previous years, the mixed results in 2024 based on region of the world created a variety of changes to the f5, 10-, and 20-year compound annual growth rates (CAGR). The continued decline in Japan, heavily related to the value of the yen versus the dollar, decreased the CAGR further while the strong performance in North America and Asia Pacific increased the five-year CAGR when compared to the 10- and 20-year CAGRs. China, who previously had the strongest CAGR, has seen it decline as connector sales, although remaining positive, have seen lower growth than previously recorded.

Regional Growth Rates 2024 – 2025F

Regional Growth Rates 2023 – 2024

End-Use Equipment Sectors

Telecom/Datacom was the largest end-use equipment sector for electronic connector products with 2024 shipments of $2X,XX0.9 million. Telecom/Datacom was followed by Automotive, where 2024 sales grew X.X% to $1X,XXX.2 million. It is anticipated in 2025 that Telecom/Datacom will remain the largest end-use equipment sector, once again followed by automotive. Showing the smallest growth in 2024 was business/office equipment, where sales grew to $XXX.X million, an increase of +0.3% over 2023.

World Connector Market by Equipment Sector

World Connector Market – Top Five Equipment Sectors – 2024

This content is available to subscribers of Connector Supplier through a special partnership with Bishop & Associates. No part of this article may be used without the permission of Bishop & Associates Inc. The Bishop Report publishes monthly updates about the performance of the connector industry and key industry topics. Subscribe to the Bishop Report here. Contact us at [email protected] or 630.443.2702.

Incorporated in 1985, Bishop & Associates, Inc. is a market research firm specializing in the connector and cable assembly industry. The firm publishes the monthly Bishop Report, a newsletter focusing on the connector industry, Industry News Briefs and Updates, The Connector Yearbook, as well as a variety of research reports covering the connector and cable assembly market, it’s products and its manufacturers.  To learn more, or to subscribe, follow this link.

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