At 7.7% CAGR, Europe High Speed Connector Market is Projected to be Worth US$ 1,309.93 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Europe high speed connector market was valued at US$ 725.20 million in 2023 and is expected to reach US$ 1,309.93 million by 2031, registering a CAGR of 7.7% from 2023 to 2031.  Increasing demand for electronics and infotainment systems in the automotive sector and developments in 5G technology are among the critical factors attributed to the Europe high speed connector market expansion.

Modern infotainment systems equipped with features such as high-resolution displays, navigation, internet connectivity, and advanced audio systems require a high data transfer rate to function precisely. High-speed connectors are specifically designed to transmit data at faster speeds, ensuring a seamless user experience and optimal system performance. The automotive sector is constantly innovating by integrating more and more electronic features into vehicles. These features include advanced driver-assistance systems (ADAS), autonomous driving features, and telematics, all of which rely on high-speed data communication between various components. High-speed connectors aid in reliable and efficient data transfer between sensors, cameras, control units, and other electronic systems.

Several companies are investing in the development of infotainment systems enabled by new technologies. In June 2023, Nvidia Corp and MediaTek Inc announced their plan to team up for the development of a technology to power advanced vehicle infotainment systems that would be capable of streaming video or games or using artificial intelligence to interact with drivers. In January 2023, Garmin demonstrated its latest in-cabin solutions for the automotive original equipment manufacturer (OEM) at CES 2023, emphasizing on technologies that integrate multiple domains, touchscreens, and wireless devices on a single system-on-chip (SoC). The demonstrated solutions featured four infotainment touchscreens, an instrument cluster, wireless headphones, a cabin monitoring system, smartphones, wireless gaming controllers, and several entertainment options, all powered by a single Garmin multidomain computing module. Therefore, the increasing complexity and data demands of modern automotive electronics and infotainment systems necessitate the use of high-speed connectors, which enable faster data transfer, seamless feature integration, and weight reduction. Thus, the increasing demand for electronic and infotainment systems in automobiles propels the high-speed connector market growth.

On the contrary, high cost and complex design hampers the growth of Europe high speed connector market.

Based on product, the Europe high speed connector market is segmented into board-to-cable, board-to-board, and others. The board-to-board segment held 58.9% share of the Europe high speed connector market in 2023, amassing US$ 426.87 million. It is projected to garner US$ 819.46 million by 2031 to expand at 8.5% CAGR during 2023–2031.

In terms of application, the Europe high speed connector market is segmented into communication, automotive, aerospace & defense, energy & power, electronics, and others. The aerospace & defense segment held 39.1% share of the Europe high speed connector market in 2023, amassing US$ 283.55 million. It is estimated to garner US$ 497.10 million by 2031 to expand at 7.3% CAGR during 2023–2031.

Based on country, the Europe high speed connector market is categorized into Germany, France, UK, Italy, Russia, and the Rest of Europe. Germany held 29.9% share of Europe high speed connector market in 2023, amassing US$ 216.84 million. It is projected to garner US$ 403.97 million by 2031 to expand at 8.1% CAGR during 2023–2031.

Key players operating in the Europe high speed connector market are Samtech lnc; Molex LLC; TE Connectivity Ltd; Hirose Electric Co Ltd; Yamaichi Electronics Co., Ltd; Fujitsu Ltd; OMRON Corp; IMS Connector Systems GmbH; and Amphenol Corp, among others.

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