According to Bishop & Associates’ research, the fourth largest connector market will exhibit strong growth over the next five years.
The industrial market is the fourth largest connector market by share of the total worldwide connector market following automotive, computer/peripheral, and telecom/datacom. This share has been relatively stable over the last five years at approximately 12%. This market sector had a value of $6.3 billion in 2014.
The following table provides the total industry sales versus the industrial connector sales for the last five years.
Industrial Market Share of the Total Connector Market
By region, the largest industrial market for connectors is found in Europe with a 35% share of market. North America follows with a 25% share. The smallest region is ROW (Rest of World) with a 6% share of the industrial market.
Industrial Share of Total Connector Market by Region of the World
Using 2013 as a point of measure, the top 10 industrial connector manufacturers represented 63% of the total industrial market. HARTING is the largest industrial connector manufacturer with sales of $560 million, followed by Amphenol at $515 million.
The following table shows the industrial connector sales for the top 10 companies in 2013.
Top 10 Industrial Connector Manufacturers in 2013
The market for industrial connectors is expected to have a five-year compound annual growth rate of 6.7%. The market will grow to a value of $9.1 billion in 2020.
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