PCB Connector Market Share

APAC Market Forecast

The Asia Pacific PCB connector market is projected to gather the highest revenue share of 30% in the coming years. The major factor to influences the market growth in this region is rising investment in 4.0. Spending on Industry 4.0 increased to about USD 5–7 billion in the Indian manufacturing industry in FY21. Moreover, the market is also projected to grow on account of rising investment in electric vehicles by countries including China, Japan, and India. Additionally, the demand for consumer electronics is also flourishing in this region which includes smartphones and more. Connectors in smartphones provide electricity from the battery to the processor, display, and other parts of the device. The modularity of electrical equipment is further enhanced by PCB connectors.

North American Market Analysis

The PCB connector market in North America is also estimated to have notable growth during the forecast period. This growth could be owing to the growth in several key players indulged in manufacturing more advanced PCB connectors. Also, the demand for various gadgets including digital cameras, printers, and gaming consoles is high in this region owing to the growing disposable income of people. As a result, this factor is also projected to dominate the market expansion in this region.