The Top 100 Connector Companies in 2023: Market Leaders
What companies led the connector industry in 2023? In this third article in a series based on the new market research report by Bishop & Associates, learn about the leading companies by market.
Bishop & Associates’ new 10-chapter research report provides a comprehensive analysis of the world’s Top 100 Electronic Connector Manufacturers with detailed statistics that benchmark the leading connector manufacturers by 2022/2023 total sales, sales by end-use equipment market, sales by product category, and sales by region. All manufacturers are exhibited by 2023 sales and are ranked by region of the world with percent year-to-year change. This report provides all the key data needed to analyze the sales performance of each of the top 100 worldwide electronic connector suppliers.
Globally, there are approximately 1,500 companies that manufacture connectors, making it impractical to vet them all. We believe a good starting point is to first 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 Top 10, Specifically, who are the Top 10 in world sales, Top 10 in each geographic region, Top 10 by individual product type manufactured, and Top 10 within each market served.
At the conclusion of this 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 view the capabilities of this dynamic website.
The first article, part 1 of 4, identified the Top 10 connector manufacturers in world sales. The second article, part 2 of 4, identified the Top 10 connector manufacturers by region, adding an additional 15 companies for a total of 25 companies that achieved a Top 10 ranking.
This article, part 3, identifies the Top 10 connector manufacturers in each of the end-use equipment/market sectors.
Top 10 by Market Sector 2023
When market/equipment sector is the criteria for identifying Top 10 companies, an additional 11 companies, in addition to the 15 additional companies when identified by region, achieve Top 10 status. This makes a total of 36 companies acquiring a Top 10 position.
These additional 11 companies are AirBorn, Corning, KYOCERA/AVX, Qnnect, ODU, Belden, CommScope, IRISO, Eaton/Souriau, ITT Cannon, and Bel Connectivity.
The following table identifies Top 10 ranking, by market sector for each of the 36 companies.
Companies Achieving Top 10 Ranking by Market Sector
Important highlights from this table include:
- Amphenol ranked in the Top 10 in 10 of the 11 market sectors.
- Molex & TE Connectivity ranked in the Top 10 in nine of the 11 market sectors.
- Aptiv and Luxshare ranked in the Top 10 in six of the 11 market sectors.
- Foxconn (FIT) ranked in the Top 10 in five of the 11 market sectors.
- Five companies, JAE, J.S.T., Sumitomo, Samtec, and BizLink, ranked in the Top 10 in four of the 11 market sectors.
- Four companies, Rosenberger, Hirose, LEMO, and Korea Electric Terminal, ranked in the Top 10 in three of the 11 market sectors.
- This will be the last year that Carlisle, who ranked in the Top 10 in two of the 11 market sectors, will be noted, as they have been acquired by Amphenol.
- AirBorn and Qnnect made their first appearance in the Top 10 category by market sector.
Part 4 of this series will identify the Top 10 connector manufacturers by product type. Look for it in the December 17 edition of Connector Supplier or the next edition of the Bishop Report.
All source data referenced in the above article is derived from Bishop & Associates Top 100 Connector Manufacturer’s 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.
To learn more about the companies mentioned in this article, visit the Preferred Supplier pages for AirBorn, Bel Magnetic Solutions, BizLink, HARTING, Hirose Electric, ITT Cannon, JAE, KYOCERA AVX, Molex, Phoenix Contact, Rosenberger, Samtec Inc., TE Connectivity, and Weidmüller.
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