I/O Connector Market

Global I/O Connector Market Size (2024 to 2029)

The Global I/O connector Market size is expected to reach USD 4.68 Billion by 2029 from USD 3.11 billion in 2024, registering a CAGR of 8.5% from 2024 to 2029.

The I/O connectors serve as gateways, which connect the system with external devices, such as a mouse, keyboard, printer, and display. They help in transferring signals and power between different parts of the system. The common types of I/O connectors are electronics and semiconductors. It consists of a connector body that is placed between the casing and the circuit board and exposed to the outside. It has at least a pair of terminal holes that connect the circuit board and the outside, and each terminal hole has corresponding clamping parts that are close to the outside. There are also at least one pair of terminals with one end that functions as a contact part and the other end that functions as a hook part that is used to hook the card into place. The hook portion's outside-facing side can communicate signals to an external electronic device through the holding part, which allows the contact part to relatively clamp the circuit board. There are a wide variety of connectors available in the market, which are designed for specific applications.

Global I/O Connector Market Drivers:

The increase in the use of connectors is majorly driving the I/O connectors market. I/O connectors are crucial for networks to move fast and transfer signals to different parts of the system. They are used in automation technology across various sectors, such as industrial, automotive, and defense. Further factors such as the proliferation of portable electronic devices owing to the rise in demand for smart homes, the Internet of Things(IoT), and the increase in demand for electric vehicles in the automotive industry are driving the I/O connectors market.

A lucrative opportunity for the I/O connector market is anticipated during the forecast period. Owing to emerging 5G and IoT technology, a surge in demand from the telecom and automotive sectors is witnessed. In the Telecom sector, with gaining 5G expansion, the demand for I/O connectors is gaining popularity, while in the automotive segment, there is a tremendous increase in demand for electronic vehicles. This increase in demand provides a beneficial opportunity for the I/O connector market. Further, emerging trends, including demand for high-speed connectors and the development of high-power, compact connectors, are gaining demand for the I/O connector market.

Factors such as rapid urbanization, growing demand for data storage and faster data transmission, and new applications like 3D printing and augmented reality are also significantly contributing to the I/O connectors market.

Global I/O Connector Market Restraints:

The major restraint for the I/O connector market is the volatility of raw materials such as copper and semiconductor components. Copper prices often face fluctuations in the global market and increase manufacturing costs. High investments are required for production, which also impedes the growth of the I/o connector market.

Impact of COVID-19 on the I/O connector Market:

Transportation has been halted worldwide during COVID-19, and the virus' containment and treatment have become the top priorities. The shortages of components and materials slowed down production, and further delays in planned projects hampered the I/O connector market. The outbreak has significantly affected the electronics and semiconductor sector as the production facility is stalled, and exports from Europe and China are interrupted. Even though the market is adversely affected, the increase in demand from the automotive and telecom sectors is witnessed post-COVID. This can boost the I/O connector market globally.

REPORT COVERAGE:

This research report on the global I/O connector market has been segmented and sub-segmented based on type, product type, and region.

Global I/O Connector Market - By Type:

• Audio and video connectors
• circular connector
• USB connector
• D-subminiature
• interface connector
• power connector
• rectangular connector
• SCSI connector
• telephone and telecom connector
• Others

D-subminiature segments are observed to grow at a CAGR of 17.4% during the forecast period. The D-sub connectors are more durable and have wide applications where frequent rewired and fine-tuning are required. They can be used as versatile cabling and safe linkage in various small and large electronic devices. They are even low-cost and highly reliable and used in different applications such as connectors in TV, gaming, and recording devices. These factors are driving the I/O connector market.

The USB connector segment holds the second-largest revenue share during the forecast period. USB connectors are available in various compatible designs like micro USB and hybrid USB to meet the requirements. Their application is seen in the automotive, aerospace, mobile devices, home applications, and telecom sectors. This wide usage is driving the I/O connector market.

Global I/O Connector Market - By Product Type:

• Serial Ports
• USB Ports
• Independent Display Ports
• M12 Connectors
• LAN or PoE Ports GbE
• Others

USB port segments will register a growth of CAGR 15.9% during the forecast period. Now USB ports as used as a standard for most gadgets or sensors used in both the consumer and industrial markets. The characteristics USB ports offer are increased speed and flexibility in addition to intelligent power management. It also helps the system to put inactive devices to sleep in order to conserve power and wake them up immediately when needed using the power management feature. When several USB devices are connected to a system, it can also help to lower the system's total power usage. Further, Modern IoT sensors like vision cameras and fingerprint scanners are not compatible with the legacy serial port, so the demand for USB ports is increasing. These features are driving the I/O connector market.

Global I/O Connector Market - By Region:

Asia Pacific region registers a market revenue share of 40% growth during the forecast period. The Asia-Pacific region has shown the highest growth rate owing to emerging economies during the forecast period. Further growth in automobile production and electronic device manufacturing in countries such as India and China is driving the I/O connector market in the region.

The North American region is observed to hold the second-largest revenue share during the forecast period. Several factors, such as increased industrial automation, adoption of electric cars, and demand for smart home appliances, are increasing in North American countries like the USA and Canada, which are driving the I/O connector market.

KEY MARKET PLAYERS:

Major Key Players in the Global I/O Connector Market are Amphenol, 3M, Molex, Cvilux Corporation, HARTING, TE Connectivity, FCI Electronics, AVX Corporation, OMRON, Control Technology, TTI, Lairdtech, WERNER WIRTH, Halytech, Meritec, MoxaJapan Aviation Electronics Industry Royal DSMSilverStone, PHOENIX CONTACT, and others.

RECENT HAPPENINGS IN THE MARKET:

• In 2023, Molex introduced a super-Safeway, which is the highest level of industrial protection against penetration of high-pressure, high-temperature water and dust used in the food processing industry.
• In 2022, Amphenol announced the release of a series of busbar connectors. These are compliant with It gear specifications and are ideal for use in a variety of power-dense data center applications, including the power shelf, based band units, servers, and storage sledges.