PCB Connector Market Size

PCB Connector Market size was over USD 13.06 billion in 2024 and is likely to reach USD 20.94 billion by the end of 2037, growing at around 3.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of PCB connector is assessed at USD 13.45 billion.

The major factor that dominates the market revenue is the growing demand for electric vehicles. Global sales of electric vehicles exceeded over 9 million in 2022, and this year's sales are predicted to increase by another about 34% to close to 13 million. Hence, the demand for PCB connectors is also growing. PCBs are a crucial component of electric vehicles, providing connections between the vehicle's many electrical components. They work great in electric cars as they are more compact, dependable, and lighter than conventional wire.

Furthermore, in various nations, governments are working towards encouraging the adoption of electric vehicles through several schemes and offers. Also, there is great investment in the development of EV charging stations which is further expected to boost the market expansion for PCB connectors.