Connector Industry Reports

Rest of World

World Connector Market Handbook

Published: March 2024

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2014-2023 Sales and 2024 and 2029 Forecast

Bishop and Associates has released the 2024 edition of the World Connector Market Handbook.

  • After growing 7.8% in 2022, the connector industry faced difficult times in 2023, declining -2.7%. Did all market sectors and product types decline, or were some able to weather the turbulent times of 2023 better than others?
  • With connector sales declining in 2023, did all regions lose sales dollars or were some regions able to weather the storm and show growth? How will these same regions perform in 2024, in 2029?
  • Which market sector or sectors showed the greatest growth in 2023, and which showed a decline? How does this compare to past years? How are these same markets anticipated to perform five-years from now or will other market sectors out-perform them?
  • Over the last 10 years, certain product types have grown more than others. Are fiber optic connectors still anticipated to show greater growth than other types?
  • How will the drive towards electric vehicles affect the growth in the power/high voltage connector market?
  • Will the ongoing political and economic woes many countries are facing affect the growth in the military market, the consumer market?

This report analyzes connector industry sales from 2014 through 2023, with a preliminary 2024 and 2029 sales forecast and details connector industry sales by region, end-use equipment sector, and product type. Utilizing tables and graphs, key statistics are provided for total world, as well as by individual region.

Decreasing 2.7% in 2023, the connector industry saw total sales decline over $2 billion. Is the industry anticipated to pull itself out of this hole and recover what was lost in 2023, or will it take several years to regain what was lost in a single year?

Track and monitor the ways in which the connector industry has changed over the last decade and how it will change in the next five years – order your copy of the World Connector Market Handbook.

Connector Industry Forecast

Published: December 2023


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Connector Industry Forecast 2023-2028

2023 has proven to be a year of worldwide conflict and declining connector sales. Are sales anticipated to decline in all regions and market sectors in 2023 or will some fare better? Will growth return in 2024?

  • How is the connector industry anticipated to perform in 2023? In 2024? What factors are predicted to contribute to the decline of sales in 2023? Will these same factors affect growth or decline in 2024?
  • Which regions, market sectors and subsectors are predicted to show the greatest growth in 2023, in 2024 and in 2028? Which market sectors and subsectors, if any, are anticipated to grow or to contract?
  • What outside factors are contributing to connector growth or decline in 2023? In 2024? What factors may affect growth beyond 2023?
  • In what way are currency fluctuations impacting connector sales? How is connector backlog changing during the second half of 2023?

Bishop & Associates’ newest research report, the Connector Industry Forecast 2023-2028 looks at past sales and reviews total world connector sales in 2022 and anticipated performance in 2023, providing a comprehensive analysis by region and market sector of projected connector sales for 2023 through 2028. With connector sales broken down by region, market sector and subsector, this report provides a detailed analysis in US dollars of the world connector industry.

2023, unlike the previous two years, is turning out to be a year of worldwide conflict and declining connector sales. Will these unusual times continue into 2024 and beyond, or will we witness growth more in line with historical performance? Be prepared for what lies over the horizon, order your copy of the Connector Industry Forecast.