A recent report published by Infinium Global Research on EV connector market provides in-depth analysis of segments and sub-segments in the global as well as regional EV connector market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional EV connector market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global EV connector market.
EV connectors are specialized electrical components designed to establish secure, reliable, and efficient connections within electric vehicles (EVs). They facilitate the transfer of power and data between different vehicle systems, such as battery packs, powertrains, safety systems, infotainment, and lighting. These connectors are designed to endure high voltages, temperature fluctuations, vibrations, and various environmental conditions, ensuring safety, durability, and optimal vehicle performance. Additionally, the integration of smart connectors with IoT for real-time monitoring and diagnostics, and the development of wireless charging solutions, are transforming the market landscape with advanced, user-centric innovations. Leading players of the market include TE Connectivity plc, Molex LLC, Furukawa Electric Co., Ltd., Fujikura Ltd., and others. Companies in the EV connector market are adopting strategies such as forming strategic partnerships with automakers, investing in R&D to develop advanced connectors, and expanding their global footprint through mergers and acquisitions.
The rapid rise in electric vehicles (EVs) adoption globally is significantly driving the growth of the EV connector market. According to the International Energy Organization, Electric car sales exceeded 17 million globally in 2024, reaching a sales share of more than 20% of total vehicles. As governments implement stricter emission regulations and offer incentives to promote EV usage, consumers and commercial entities are increasingly shifting toward sustainable transportation, which in turn fuels the need for reliable, high-performance connectors that ensure efficient power and data transfer within the vehicle. Additionally, the rapid integration of advanced driver assistance systems (ADAS) and safety systems in electric vehicles is further accelerating market growth. These systems require sophisticated electrical and electronic architectures, making robust connectors essential for seamless communication and enhanced safety. However, volatility in raw material prices can hinder market growth. In 2024, the automotive connector industry experienced significant cost pressures due to the instability of raw material prices, which adversely affected production economics and supplier profit margins.
Connectors are primarily made from metals and plastics. Fluctuations in the prices of these materials can drive up production costs, leading manufacturers to either increase prices for OEMs or delay shipments. This volatility complicates fixed-price contracts and inventory management, putting additional strain on automotive supply chains and delaying the rollout of advanced electric vehicle platforms. Nonetheless, the growing development of autonomous vehicles and the industry-wide move toward advanced electrical and electronic (E/E) systems present significant opportunities for the EV connector market. Autonomous driving technology requires high-speed data transmission, redundant safety systems, and reliable power delivery, all of which depend heavily on advanced connectors. Moreover, as vehicles become more software-defined and reliant on complex electronic architectures, demand for innovative connectors designed to handle higher power and data loads is expected to grow substantially. This creates new opportunities for connector manufacturers to expand product offerings and capture emerging market segments.
The Asia Pacific region is leading the EV connector market due to its rapid electric vehicle adoption, robust manufacturing base, and strong government support for green mobility. Countries such as China, Japan, and South Korea are leading in EV production and infrastructure development, backed by favorable policies, subsidies, and investments in charging networks. In 2024, China continued to dominate the electric car market, with electric vehicles (EVs) making up nearly half of all car sales. The country sold over 11 million electric cars that year. Similarly, India experienced growth in EV sales, with a reported increase of 16.9% in fiscal year 2025, totaling 1.97 million units, up from 1.75 million in fiscal year 2024, according to the India Brand Equity Foundation. Furthermore, in Southeast Asia, the electric car sales have surged by nearly 50% representing 9% of all car sales in the region, with Thailand and Vietnam having higher sales propositions.
The presence of major EV and connector manufacturers in the region ensures consistent technological innovation and large-scale production capabilities. Urbanization, growing environmental awareness, and increasing demand for energy-efficient transportation further fuel market growth. Furthermore, North America is anticipated to grow at a significant rate in the EV connector market over the forecasted period. This growth is primarily driven by the rapid adoption of electric vehicles in the region, supported by strong government incentives, infrastructure investments, and environmental regulations aimed at reducing carbon emissions. Federal and state-level policies, such as tax credits for EV purchases and funding for charging infrastructure, are accelerating consumer adoption and encouraging automotive manufacturers to expand their EV portfolios. With to increasing vehicle electrification, the demand for advanced and reliable EV connectors is rising. These connectors are critical components for ensuring safe power and data transmission within vehicles.
| Report Coverage | Details |
|---|---|
| Market Size in 2023 | USD 2.02 Billion |
| Market Size by 2032 | USD 9.05 Billion |
| Growth Rate from 2024 to 2032 | CAGR of 18.21% |
| Largest Market | Asia Pacific |
| No. of Pages | 100 |
| Market Drivers |
|
| Market Segmentation | By System, By Component, By Propulsion, By Connection, By Voltage, and By Application |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global EV connector market provides a detailed analysis of segments in the market based on System, Component, Propulsion, Connection, Voltage, and Application.
· Sealed
· Unsealed
· Housing
· Terminal
· Lock
· Others
· BEV
· PHEV
· HEV
· FCEV
· Wire-to-wire
· Wire-to-board
· Board-to-board
· Others
· Low Voltage
· Medium Voltage
· High Voltage
· Body Control & Interiors
· ADAS & Safety Systems
· Infotainment System
· Engine Management & Powertrain
· Battery Management Systems
· Vehicle Lighting
· Others
· TE Connectivity plc
· Molex LLC
· Furukawa Electric Co., Ltd.
· Fujikura Ltd.
· HIROSE ELECTRIC CO., LTD.
· Amphenol Tuchel Industrial GmbH
· Sumitomo Electric Industries, Ltd.
· Japan Aviation Electronics Industry, Ltd.
· Aptiv PLC
· KYOCERA Corporation
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the EV connector market. Moreover, the study highlights current market trends and provides forecasts from 2024-2032. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.