Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Contactless Connector Market Size is Expected to Grow from USD 188.0 Million in 2023 to USD 865.0 Million by 2033, at a CAGR of 16.49% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Contactless Connector Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Wireless Charging and Wireless Data Transfer), By Technology (Inductive Coupling, Radio Frequency, and Magnetic Field), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The contactless connector market refers to the industry for electronic connectors that enable transfer or power transmission between devices without physical contact. Contactless connector is a cable-free device that uses a radio frequency (RF) transceiver and antennas to send and receive signals. Numerous devices and systems, such as smartphones, wearables, smartwatches, payment terminals, access control systems, and Internet of Things devices, use contactless connectors. The demand for contactless connectors is anticipated to increase as these devices continue to proliferate and develop. The evolving smart homes and the need for connected devices including thermostats, security cameras, and voice assistants are providing lucrative market growth opportunities for contactless connectors. The growing adoption of Internet of Things (IoT) devices is driving the market expansion for contactless connector. Further, the adoption of high-speed data transfer technologies is enhancing the market growth. On the contrary, the risk of system vulnerability and exploits may lead to raised concerns about potential security breaches and data integrity issues, thereby challenging the contactless connector market.
The wireless charging connectors segment holds the largest market share and is expected to grow at a significant CAGR during the forecast period.
Based on the product type, the global contactless connector market is divided into wireless charging and wireless data transfer. Among these, the wireless charging connectors segment holds the largest market share and is expected to grow at a significant CAGR during the forecast period. Wireless charging connectors are used for charging various devices including smartphones, computer laptops, electric vehicles, and huge robots.
The inductive coupling segment holds the largest market share and is anticipated to grow at the fastest CAGR growth through the forecast period.
Based on the technology, the global contactless connector market is divided into inductive coupling, radio frequency, and magnetic field. Among these, the inductive coupling segment holds the largest market share and is anticipated to grow at the fastest CAGR growth through the forecast period. Inductive coupling technology is ideal for small, portable devices with little space as it allows effective power and data transfer.
North America is projected to hold the largest share of the global contactless connector market over the forecast period.
North America is projected to hold the largest share of the global contactless connector market over the forecast period. The region’s growing infrastructure investment is providing an opportunity to employ contactless technologies in various sectors, thereby driving the market for contactless connector. The investment in building smart and sustainable infrastructure is driving the contactless connector market as this device enables seamless communication, data transfer, and power transmission in these infrastructure projects.
Asia Pacific is predicted to grow at the fastest CAGR in the contactless connector market over the forecast period. The growing application of contactless connectors in IoT and smart technologies along with the advancements in wireless charging and industry 4.0 initiatives are driving the market growth. In addition, the rising use of contactless connectors in consumer electronic, automotive, and smart home devices with the rapid industrialization and urbanization with the increasing disposable income in the region propelling the market growth.
Competitive Analysis
Major key players in the contactless connector market include STMicroelectronics, TE Connectivity, Molex LLC, Radiall, Uniqconn Inc., Phoenix Contact, Amphenol Corporation, Hirose Electric Co., Ltd., Yamaichi Electronics Co., Ltd., Smiths Interconnect, AVX Corporation, JAE Electronics, Inc., and Others.
Key Target Audience
Recent Developments
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global contactless connector market based on the below-mentioned segments:
Global Contactless Connector Market, By Product Type
Global Contactless Connector Market, By Technology
Global Contactless Connector Market, Regional Analysis
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