The Top 10 Connector Companies in 2023: Regional Leaders
What companies led the connector industry in 2023? In this second article in a series, Bishop & Associates identifies the leading companies by region.
Quality, design, electrical, and mechanical engineers, along with purchasing personnel, must identify the best companies with whom to partner for their connector requirements. This process requires finding answers to questions such as:
- Which companies offer the products and services we require? Which companies offer the best delivery, affordable pricing, and exceptional quality?
- Which companies offer well-designed websites where it is easy to locate products and supporting documentation?
- Which companies offer exceptional customer service and can be counted on when there is a problem?
Globally, there are approximately 1,500 companies that manufacture connectors, making it impractical to vet them all. The first step is to determine which companies deserve a closer examination. We believe a good starting point is to examine the larger, more successful companies. Generally, the larger companies have been successful because they offer a broad array of high-quality products, at a reasonable price, and are able to deliver these products within a period that meets the customer’s demand. With over 35 years of researching the connector industry and analyzing connector companies, Bishop believes the first step in identifying the best connector suppliers is to identify the Top 10 companies, using different definitions of what constitutes the Top 10. Specifically, which companies are:
- Top 10 in world sales.
- Top 10 in each geographic region.
- Top 10 by individual product type manufactured.
- Top 10 within each market served.
Bishop & Associates has developed a series of articles to provide you with the Top 10 companies in world sales, by geographic region, by products manufactured, and by markets served. The source of this information is found in the 2024 Top 100 Connector Manufacturers research report.
Most connector users are interested in learning more about the companies beyond the Top 10 described in these articles. This is because the industry has many niche manufacturers that, although small from a revenue perspective, produce excellent products. If you are interested in delving deeper and identifying other excellent companies, visit the link provided above to view Bishop’s report on the Top 100 connector manufacturers.
In our series of Top 10 articles, you will learn there are 54 companies that have received a Top 10 ranking in either sales, sales by region, by product type, or market sector. If you wish to see more potential suppliers of connectors, we have developed a website that provides profiles on over 750 connector companies. You may generate lists of connector companies by sales, products manufactured, markets served, and country of origin. Visit The World’s Connector Companies to learn more about this dynamic website.
The first article, part 1 of 4, identified the Top 10 in world sales. These companies are ranked from one to 10, TE Connectivity, Amphenol, Aptiv, Molex, Foxconn (FIT), Luxshare Precision, Yazaki, Rosenberger, JAE, and Hirose Electric.
This article, part 2, identifies the Top 10 in each geographic region.
2023 Top 10 by Geographic Region
When geographic region is the criteria for identifying Top 10 companies, an additional 15 companies achieve Top 10 status.
These companies are Samtec, Glenair, Hosiden, BizLink, CIT (formerly Carlisle), HARTING, Phoenix Contact, Weidmueller, LEMO, J.S.T., Sumitomo, JONHON, Shenzhen Deren, LOTES, and Korea Electric Terminal (KET). Several of these companies achieve Top 10 status in more than one region.
The following table identifies the Top 10 ranking, by region, for each of the 25 companies.
Top 10 by Region
Ranked from One to 10
Important highlights from this table include:
- Amphenol achieved Top 10 status in all regions.
- TE Connectivity is ranked #1 or #2 in all regions.
- Molex achieved Top 10 status in all regions except ROW.
- Yazaki achieved Top 10 status in all regions except China.
- Rosenberger is in the Top 10 in four regions.
- LuxShare is in the Top 10 in three regions.
- Foxconn (FIT) is in the Top 10 in three regions.
- JAE is in the Top 10 in two regions.
- Hirose is in the Top 10 in two regions, down from three in 2022.
- Samtec is in the Top 10 in one region, down from two in 2022.
- BizLink is in the Top 10 in three regions.
- HARTING is in the Top 10 in two regions.
- This is the first year LEMO made the Top 10 in regions.
- CommScope and IRISO, who were in the Top 10 in 2022, dropped off the Top 10 by geographic region. Look for them as potential Top 10 candidates by market sector or product type.
- 2023 will be the last year Carlisle will appear on the list, as it has been acquired by Amphenol.
Part 3 of this series will identify the Top 10 by market sector. Look for this article in our December 3 issue.
To learn more about the companies mentioned in this article, visit the Preferred Supplier pages for BizLink, HARTING, Hirose Electric, JAE, Molex, Phoenix Contact, Samtec Inc., TE Connectivity, Weidmüller, and Würth Electronik.
All source data referenced in the above article is derived from Bishop & Associates Top 100 Connector Manufacturers report.
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.
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- The Top 10 Connector Companies in 2023: Regional Leaders - November 19, 2024
- The Top 100 Connector Companies in 2023 - September 24, 2024
- Connector Industry Profitability: A Decade of Consistent Growth and High Return on Equity - September 3, 2024
