Wire-to-Board Connector Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Wire-to-Board Connector Market Analysis

The wire to board connector market is expected to grow at a CAGR of 5.75% during the forecast period (2021 - 2026). The increasing government initiatives to switch to smart meters drives the demand for wire-on-board connectors. For instance, Italy is the first European country to begin large scale smart gas meter installations. The National Regulatory Authority for Electricity, Gas, and Water aims to make 60% of residential gas meters and 100% of industrial gas meters, smart, by 2018 and full coverage by 2020.

• Wire-to-Board connector system addresses the needs of the fast-changing electronics industry by providing a single system with different mating and voltage configurations. This allows the manufacturers to design various models around a single connector type and footprint pattern.
• The wire-to-board connector design varies from miniature to heavy-duty industrial connectors and also gratifies the economical requirements of the consumers. This simplifies the issues related to maintenance, manufacturing, and repair where it can easily replace specific, affected subsystems, thereby reducing machine downtimes.
• The wire-to-board market is likely to be driven by the rising trend of growing usage across the consumer electronics sector along with its application in the connecting peripheral device. This can be attributed to the fact of increasing application of computer and communication technology all over the world. On the basis of application, the market is finding its usage primarily across the automotive, medical, and data/telecom sector.
• The growing demand for high-speed connectivity and transmission bandwidth are the other factors driving the growth of the wire-to-board connector market. One of the dynamics fueling this market is the emergence of IoT technology due to the Increasing demand for high-bandwidth and high-speed connectivity along with its application across multiple end-user industries.
• The market is driven by multiple product range across the wire-to-board connectors with a 5 mm pitch size, which is expected to grow during the forecast period. This is mainly because of the growing HVAC system controls in the residential application, where air conditioners and heaters, washing machines, refrigerators, stoves, and cooktops are maximally used. The 10.16 mm pitch size connectors are driven by the growing application across robotics, medical, communication, and office automation. However, increasing network complexity with continuous optimization of component size may hinder the market growth.

Wire-to-Board Connector Market Trends

This section covers the major market trends shaping the Wire-to-Board Connector Market according to our research experts:

Consumer Electronics Segment is Expected to Expand at a Significant Rate

Wire-to-Board Connector Industry Segmentation

Wire-to-board connectors, generally utilize crimp technology, that is used to interconnect printed circuit boards (PCBs) by using contacts/terminals attached (crimped) to wires, which are then inserted into the relevant housing to complete the connector system assembly. A wire-to-board connector refers to those connectors that connect a bunch of wires or a wire with a printed circuit board (PCB). Connectors are used to join subsections of circuits together. Moreover, a connector is used where it may be desirable to disconnect the subsections at some future time, such as across the power inputs, peripheral connections, or boards which may need to be replaced.