Circular Connectors Market is to Touch $16.31 Billion by 2030; Circular connectors are becoming more and more necessary as electric vehicles, automation technologies, and Internet of Things devices become more widely used.

The Circular Connectors Market size is estimated to reach $16.31 billion by 2030, growing at a CAGR of 6.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Circular Connectors Market  – By Type (Power Connectors, Data Connectors, Signal Connectors, Hybrid Connectors, Others), By Accessory (Adapters, Backshell & Clamps, Boots & Strain Relief, Caps & Cover, Keying plugs, Seals, Others), By End Use Industry (Automotive, Healthcare, Manufacturing & Processing, Marine, Military & Aerospace, Mining, Oil & Gas, Power & Utilities, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

The need for circular connectors is rising steadily across several industries, including telecommunications, aerospace, defense, and automotive. Because of its dependability, simplicity of installation, and effectiveness in transmitting power and signals in challenging conditions, circular connectors are preferred. Because of their circular design, these connections provide a sturdy, compact option that is perfect for applications needing dependable power or data transfer in harsh environments including strong vibration and extremely high temperatures. The market is being driven by several factors, such as the growing need for automation in industrial sectors, the growth of electric vehicles (EVs), and the development of 5G communication infrastructure. Additionally, producers are being pushed to create more compact yet effective connectors by the growing trend of electronic device shrinking.

APAC dominated the Circular Connectors Market in 2023 with a market share of 35%. Market is driven by strong demand from sectors like industrial automation, automobiles, and telecoms. The manufacturing sector in APAC is growing at a rapid pace, especially in China, Japan, and South Korea, where industrial growth is driving the demand for advanced connectivity solutions. This is partly responsible for the region's supremacy. The need for circular connectors has increased dramatically in the Asian automotive sector, particularly with the growing popularity of electric vehicles. This is because circular connectors are crucial for maintaining dependable connections in automotive electronics. The market has also been driven by the expanding electronics and telecom industries in Asia-Pacific, where there is an increasing need for high-performance connections in telecom infrastructure projects, data centers, and consumer electronics. Additionally driving the industry have been regional government initiatives promoting smart city projects and industrial automation. APAC is the dominant participant in the global circular connectors market in 2023 thanks to the region's strong industrial infrastructure, affordable production capabilities, and technological developments. This trend is probably going to continue in the years to come.

The market for circular connectors is being driven mostly by the rise of electric vehicles (EVs). The need for dependable, long-lasting, and effective connections to control intricate electrical systems in electric vehicles (EVs) is growing as the world moves more quickly toward sustainable modes of transportation. For high-voltage applications in electric vehicles, such as battery management systems, charging stations, and engine components, circular connections are essential parts. Since EVs need reliable systems for power transfer, data communication, and signal control, the requirement for sophisticated connectors has increased. In extreme environmental conditions including vibrations, temperature swings, and wetness, which are frequent in automotive applications, circular connections provide better resistance. Because of this, they are perfect for guaranteeing the dependability and security of EV electrical systems. Furthermore, the need for environmentally friendly automobiles among consumers, tighter pollution standards, and growing government initiatives all contribute to the growth in EV production. Circular connectors are becoming increasingly necessary as public and residential charging infrastructure grows, especially in fast-charging stations where rapid power transfer is critical.

The circular connectors market is expanding due in large part to increased demand from the automotive and industrial sectors. An rising number of industrial automation, robotics, and machinery applications are using these connectors because of their robustness and capacity to maintain secure connections in challenging conditions. The demand for innovative connectivity solutions where circular connectors guarantee dependable power distribution and data transmission in industrial settings has increased due to the global push for Industry 4.0. Circular connectors are becoming increasingly necessary in the automobile industry as a result of the move toward electric cars (EVs), autonomous driving, and smart transportation networks. These connectors are essential for a number of applications, such as sensor integration in contemporary cars, battery management systems, and charging infrastructure. Additionally, heavy industries and off-highway vehicles are using ruggedized connectors more frequently due to the necessity for connectors that can survive harsh environments. Overall, as manufacturers look for dependable and high-performance connectivity solutions to satisfy changing technological needs, the need for circular connectors in both industrial and automotive applications is continuing to fuel market expansion.

Key companies profiled in the Circular Connectors Market are Amphenol Corporation, TE Connectivity Ltd., Molex (A subsidiary of Koch Industries), ITT Inc., Smiths Interconnect (A division of Smiths Group), Fischer Connectors SA, Hirose Electric Co., Ltd., LEMO SA, HARTING Technology Group, Glenair, Inc. and others.