At 8.3% CAGR, North America High Speed Connector Market is Projected to be Worth US$ 3,096.92 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the North America high speed connector market was valued at US$ 1,635.91 million in 2023 and is expected to reach US$ 3,096.92 million by 2031, registering a CAGR of 8.3% from 2023 to 2031. Burgeoning importance of telecommunications and increasing demand for electronics and infotainment systems in the automotive sector are among the critical factors attributed to the North America high speed connector market expansion.

Connectivity and communication are important for any organization. Businesses need to communicate information comprehensively, quickly, and flexibly to stay competitive in different markets. The subsequently growing reliance on telecommunications results in an elevated need for efficient data transmission solutions in various businesses to support aspects such as remote work, video conferencing, high-definition content streaming, and a proliferating network of Internet-connected devices. High-speed connectors are crucial for facilitating the efficient and reliable transmission of huge data volumes at faster speeds.

Telecom and telephone connectors are high-speed connectors that are specifically built for the communications sector. They often use fiber optics and conductor-based connectivity. For example, TE Connectivity's CXP pluggable I/O interconnect 2149152-1 connector can achieve 12.5 Gbps per channel, with a total bandwidth of 150 Gbps. It complies with InfiniBand CXP 12x QDR and IEEE 100 Gbps Ethernet standards. These connectors are built for high-speed data environments, and thus, they must be incorporated along with multiple EMI prevention measures, heat sink. The RJ45 Ethernet Connector, a subset of telecom and telephone connectors, is used for high-speed internet. These connectors are capable of attaining speeds up to 40 Gbps, and their transmission speed is governed by the IEEE Ethernet cabling standards, with Category 8.2 reaching a maximum data transfer rate of 40 Gbps. Further, Category 6a (Cat6a) is the most common modern high-speed Ethernet connector, which attains ~10 Gbps speeds. For example, PX0893 from Bulgin Limited is a Cat6a-compliant shielded RJ-45 coupler used for direct printed circuit board-mounted (PCB-mounted) panel connection applications.

Therefore, the increasing dependence on telecommunications in various businesses, in turn, drives the demand for high-speed connectors across the telecommunications sector. This can be attributed to the fact that high-speed connectors are instrumental in enabling faster data transmission, supporting the expansion of infrastructure and new technologies, and so on.

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

Based on product, the North America high speed connector market is segmented into board-to-cable, board-to-board, and others. The board-to-board segment held 60.1% share of the North America high speed connector market in 2023, amassing US$ 982.94 million. It is projected to garner US$ 1,981.23 million by 2031 to expand at 9.2% CAGR during 2023–2031.

In terms of application, the North America high speed connector market is segmented into communication, automotive, aerospace & defense, energy & power, electronics, and others. The aerospace & defense segment held 37.8% share of the North America high speed connector market in 2023, amassing US$ 618.08 million. It is estimated to garner US$ 1,137.69 million by 2031 to expand at 7.9% CAGR during 2023–2031.

Based on country, the North America high speed connector market is categorized into the US, Canada, and Mexico. The US held 92.0% share of North America high speed connector market in 2023, amassing US$ 1,504.52 million. It is projected to garner US$ 2,858.16 million by 2031 to expand at 8.4% CAGR during 2023–2031.

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

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