
North America Automotive Board to Board Connector Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 170 | Report Code: BMIRE00031827 | Category: Electronics and Semiconductor
No. of Pages: 170 | Report Code: BMIRE00031827 | Category: Electronics and Semiconductor
The North America automotive board to board connector market size is expected to reach US$ 602.38 million by 2031 from US$ 429.73 million in 2023. The market is estimated to record a CAGR of 4.3% from 2023 to 2031.
The automotive Board to Board Connector market in North America is segmented into the US, Canada, and Mexico. The automotive industry in North America is undergoing a transformation period, marked by the rapid adoption of cutting-edge technologies and the push toward a sustainable future. These advancements significantly boosted the growth of the board-to-board connector market in the region, as automakers and suppliers seek reliable interconnection solutions to support the increasing complexity of modern vehicle electronics. Furthermore, the transition toward electric vehicles (EVs) and hybrid electric vehicles (HEVs) has contributed to the growth of the board-to-board connector market in North America. For instance, in January 2024, according to estimates from Kelley Blue Book in 2023, EVs accounted for 7.6% of the vehicle market in the US, marking an increase from 5.9% in 2022.
Key segments that contributed to the derivation of the Automotive board to board connector market analysis are type, application, pitch, and number of pin.
The electrification of vehicles, and the rise of electric vehicles (EVs), is driving the demand for advanced interconnection solutions, including board-to-board connectors. Board-to-board connectors are at the core of automotive systems, enabling power distribution, data transfer, and communication across various subsystems in the vehicle, from battery management and powertrains to charging infrastructure and auxiliary systems. As EVs transition from traditional internal combustion engine (ICE) vehicles, the complexity of their electrical systems has increased substantially. These systems require reliable, efficient, and robust connectors to ensure the proper functioning of key vehicle components, particularly in powertrain, battery management, and charging systems.
According to a recent report, "The Global EV Outlook 2024," by the International Energy Agency (IEA), electric car sales were ~14 million in 2023, 95% of which were in China, Europe, and the US. Furthermore, almost 14 million new electric cars were registered globally in 2023, bringing their total number on roads to 40 million, closely tracking sales forecast from the 2023 edition of the Global EV Outlook (GEVO-2023). Electric car sales in 2023 were 3.5 million more than in 2022, a 35% year-on-year increase. Thus, the electrification of vehicles is fundamentally changing the way automotive systems are designed and interconnected. As EVs are evolving, they are becoming more reliant on advanced electronic systems that require high-performance, reliable, and compact interconnection solutions
Based on country, the North America automotive board to board connector market comprises the US, Canada, and Mexico. The US held the largest share in 2023.
The US is experiencing a surge in demand for vehicles that offer mobility with advanced technological features that enhance the driving experience. As connectivity becomes a central aspect of modern life, consumers are increasingly seeking vehicles equipped with a wide range of connected features. These features include advanced infotainment systems, vehicle-to-everything (V2X) communications, over-the-air (OTA) software updates, and seamless integration with personal devices. This surge in consumer demand is driving the automotive industry to prioritize high-tech connectivity solutions, propelling the demand for automotive board-to-board connectors. These connectors enable seamless operation of complex and interconnected automotive systems, positioning them as a critical component in the future of automotive technology.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 429.73 Million |
Market Size by 2031 | US$ 602.38 Million |
Global CAGR (2023 - 2031) | 4.3% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Some of the key players operating in the market include Amphenol Corp; GREENCONN Co., Ltd; Yamaichi Electronics Co., Ltd; Molex LLC; Japan Aviation Electronics Industry, Ltd; Hirose Electric Co Ltd; Samtec Inc; KYOCERA Corporation; ENNOVI Holdings Pte. Ltd; and CSCONN Corporation, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Business Market Insights’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The North America Automotive Board to Board Connector Market is valued at US$ 429.73 Million in 2023, it is projected to reach US$ 602.38 Million by 2031.
As per our report North America Automotive Board to Board Connector Market, the market size is valued at US$ 429.73 Million in 2023, projecting it to reach US$ 602.38 Million by 2031. This translates to a CAGR of approximately 4.3% during the forecast period.
The North America Automotive Board to Board Connector Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Automotive Board to Board Connector Market report:
The North America Automotive Board to Board Connector Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Automotive Board to Board Connector Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Automotive Board to Board Connector Market value chain can benefit from the information contained in a comprehensive market report.