The Circular Connectors Market for is projected to grow from USD 9.52 Bn in 2023 to US D 14.04 Bn by 2030, registering a compound annual growth rate (CAGR) of 5.7 %. A surge in demand across industries—automotive, aerospace, medical, industrial automation—coupled with growing digitalization, is driving this momentum.
United States – Growth & Opportunity
The U.S. accounts for approximately 43 % of North America’s market, buoyed by substantial aerospace, defense investments, and rising power infrastructure needs
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Growth: Booming aerospace and defense sectors demanding rugged, reliable connectors.
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Opportunity: Military and space-grade circular connectors ideal for harsh environments.
Asia Pacific – Expansion & Trends
As the largest regional market (~40 % share in 2023), Asia Pacific is the fastest-growing, driven by expanding electronics and industrial sectors in China, India, and Japan .
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Expansion: Rapid industrial automation across India and China.
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Trends: Sharp rise in electric vehicles (EVs) fueling demand for high-speed and power hybrid circular connectors.
Europe – Innovation & Consolidation
Western Europe’s sustainability push is spurring innovation in eco-friendly connectors
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Innovation: Manufacturers introducing recyclable-material connectors.
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Consolidation: Strategic M&A seen—for instance, Amphenol’s ~$1.7 Bn acquisition of MTS Systems in 2021
Middle East & Africa – Opportunity & Trend
Though smaller in current market size, the region is gradually adopting circular connectors across growing power and telecom sectors.
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Opportunity: Infrastructure expansion in energy and telecom.
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Trend: Demand for rugged, high-IP-rated connectors suited to harsh environments.
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Competitive Landscape & Consolidation
Major market players—Amphenol, TE Connectivity, Molex, Belden, ITT—are executing strategic initiatives like M&A, partnerships, and product innovation
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In 2021, Belden Inc. acquired OTN Systems N.V. for $71 millionAlso in 2021, Amphenol agreed to acquire MTS Systems for approx. $1.7 Bn
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In 2024, Amphenol bought Carlisle’s CIT business for $2.025 Bn to enhance interconnect offerings
Key Recent Developments
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United States: TE Connectivity acquired Intercontec Group, broadening its industrial automation portfolio
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Japan: Hirose Electric launched a miniaturized high‑speed connector series for compact electronics
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Europe: Molex introduced eco‑friendly circular connectors made from recyclable materials
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South Korea: Amphenol strengthened its Asian footprint by acquiring a local connector manufacturer
Regional Headlines
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“Circular connector growth in United States”: Aerospace & defense modernization is fueling demand.
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“Circular connector opportunities in Asia Pacific”: Large-scale automation and EV adoption.
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“Circular connector trends in Europe”: Eco-friendly designs and sustainable manufacturing.
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“Circular connector consolidation in Middle East & Africa”: Infrastructure play boosts regional supplier tie‑ups.
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