Under the accelerated impetus of global digital transformation, connectors have become a key support for the rapid development of fields such as 5G communication, new energy vehicles, artificial intelligence (AI), and industrial automation.
With the deep penetration of artificial intelligence technology in various fields, the requirements for hardware infrastructure, especially connectors, have become increasingly strict. Traditional connectors are no longer capable of meeting the extreme demands of AI algorithms for high-speed data transmission, low latency, and high reliability. The industry is now entering a period of rapid growth and technological transformation.
Driven by the accelerated global digital transformation, connectors have become a key support for the rapid development of 5G communications, new energy vehicles, artificial intelligence (AI), industrial automation, and other fields. Currently, China is the world’s largest connector market, accounting for approximately 30.43% of the global market size. According to statistics, the Chinese connector market size reached about 218.1 billion yuan in 2024 and is expected to reach 231.2 billion yuan in 2025. The industry is projected to experience even greater development in the future. The increasing penetration rate of new energy vehicles and the development of autonomous driving technology have significantly increased the usage and value of automotive connectors, particularly high-voltage connectors (for 800V platforms) and high-speed connectors (for in-vehicle Ethernet and sensors).
The iteration of communication technology and the construction of data centers
The large-scale deployment of 5G base stations, the expansion of data centers, and the explosion of AI servers have driven the demand for high-speed RF connectors (such as BNC/SMA), optical fiber connectors, and high-speed backplane connectors. In the next decade, the connector market is expected to maintain a steady growth.
The market size
It is projected that the global connector market size will increase from 71.7 billion US dollars in 2024 to 117 billion US dollars by 2034, with a compound annual growth rate (CAGR) of approximately 3.9% (as shown in the following figure). Among them, the growth rate of the new energy vehicle connector market (about 12%) will far exceed the industry average.
The regional market
The Asia-Pacific region, particularly China, will continue to dominate the global market, holding more than 50% of the share. The market size of China is expected to grow from 23 billion US dollars in 2023 to 38 billion US dollars in 2034.
Technical Trends
High Frequency and High Speed: Connectors supporting the 6G terahertz band (0.1-1THz) are under development.
Material Innovation: New materials such as silicon carbide (SiC) based connectors (withstanding up to 300°C) and bio-based plastic connectors (reducing carbon emissions) will be applied.
Modularization and Integration: Modular connectors that support hot swapping and multi-function integration will become a trend to meet the demands of equipment miniaturization and multi-functionality.