Automotive Board to Board Connector Market Report: Size, Share and Outlook by 2031

The automotive board-to-board connector market was valued at approximately US$ 2.37 billion in 2023 and is projected to grow to US$ 3.92 billion by 2031. This market is expected to experience a compound annual growth rate (CAGR) of 6.5% from 2023 to 2031.

In the Middle East and Africa, the increasing urbanization and the drive towards smart city initiatives are significantly boosting the demand for connected and autonomous vehicles. The rise of advanced driver-assistance systems (ADAS), telematics, and the need for real-time data exchange are creating a strong requirement for sophisticated connectors. These connectors facilitate high-speed and efficient communication among various automotive electronic systems, including sensors, cameras, and control units. Additionally, government policies, incentives, and investments in infrastructure are being introduced to encourage the adoption of electric vehicles (EVs). The escalating demand for advanced electronic systems in EVs, which encompass battery management, power control, and energy storage, is further propelling the need for high-performance and reliable board-to-board connectors that ensure seamless communication between critical electronic components.

In South and Central America, countries like Brazil and Argentina are emerging as vital centers for automotive manufacturing. These nations are attracting significant global automotive manufacturers, thanks in part to favorable trade agreements such as the United States-Mexico-Canada Agreement (USMCA). As automotive production continues to grow, there is an increasing demand for dependable, high-performance board-to-board connectors to support the intricate systems found in modern vehicles. Moreover, investments in transportation infrastructure and smart city initiatives are on the rise, particularly in urban centers like S?o Paulo, Mexico City, and Buenos Aires. These advancements are fostering the adoption of connected vehicles and intelligent transportation systems, thereby driving growth in the automotive board-to-board connector market.

The North American automotive board-to-board connector market is divided into segments based on the US, Canada, and Mexico. The automotive sector in North America is currently undergoing a significant transformation, characterized by the swift adoption of innovative technologies and a commitment to sustainability. These developments have greatly contributed to the growth of the board-to-board connector market in the region, as automakers and suppliers seek reliable interconnection solutions to accommodate the increasing complexity of modern vehicle electronics. Furthermore, the shift towards electric vehicles (EVs) and hybrid electric vehicles (HEVs) has also played a role in the expansion of the board-to-board connector market in North America. For example, estimates from Kelley Blue Book indicate that in January 2024, EVs represented 7.6% of the vehicle market in the US, up from 5.9% in 2022.

The overall market share for automotive board-to-board connectors has been determined through a combination of primary and secondary research methods. Extensive secondary research has been conducted utilizing both internal and external sources to gather qualitative and quantitative data related to the automotive board-to-board connector market. This research process aids in providing a comprehensive overview and forecast of the market across all segments. Additionally, numerous primary interviews have been carried out with industry stakeholders to validate the data and obtain analytical insights. This includes discussions with industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders who specialize in the automotive board-to-board connector market.