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Contactless Connector Market Size, Share & Trends Analysis Report By Product Type (Wireless Charging Connectors and Wireless Data Transfer Connectors), By Technology, By Vertical, By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 233 Pages
  • March 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5949686
The Global Contactless Connector Market size is expected to reach $579.1 million by 2030, rising at a market growth of 17.5% CAGR during the forecast period.

Healthcare systems in the Asia Pacific are transforming digitally, leading to increased adoption of these connectors for applications such as patient identification, telehealth, and remote patient monitoring. Consequently, the Asia Pacific region would acquire nearly 30% of the total market share by 2030. Additionally, The Asia Pacific region is a significant hub for the consumer electronics industry, including smartphones, wearables, and smart home devices. The Asia Pacific region is witnessing a rapid expansion of IoT devices across various industries.



Smart cities often implement intelligent transportation systems that rely on these connectors. Within smart buildings, these connectors play a role in energy management systems. These connectors facilitate communication between smart devices, sensors, and building management systems, contributing to energy-efficient lighting, HVAC (heating, ventilation, and air conditioning) control, and overall building automation. Therefore, the market is expanding significantly due to the smart cities and infrastructure development. Additionally, these connectors contribute to the flexibility of manufacturing systems by allowing for easy reconfiguration and adaptation. Implementing predictive maintenance strategies, a key aspect of Industry 4.0, relies on continuous equipment monitoring. Thus, because of the industrial automation and industry 4.0, the market is anticipated to increase significantly.

However, Small and medium-sized enterprises (SMEs) may have limited financial resources, making investing in high-cost connector solutions challenging. Small players and startups in the market may face challenges competing with established companies with the financial capacity to invest in and deploy high-cost solutions. Thus, high initial costs can slow down the growth of the market.



The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

By Vertical Analysis

Based on Vertical, the market is categorized into consumer electronics, automotive, healthcare, and industrial. The healthcare segment acquired a 15% revenue share in the market in 2022. The rise of telehealth and remote patient monitoring drives the adoption of these connectors. Devices for remote patient monitoring, video consultations, and virtual healthcare services leverage contactless communication to facilitate remote interactions between patients and healthcare providers.



By Product Type Analysis

By product type, the market is bifurcated into wireless charging connectors and wireless data transfer connectors. The wireless data transfer connectors segment covered a 25% revenue share in the market in 2022. Wireless data transfer connectors eliminate the reliance on physical connectors, reducing wear and tear on devices and connectors. This enhances the durability of devices and eliminates the need for users to carry various types of cables, simplifying the user experience.

By Technology Analysis

Based on technology, the market is classified into inductive coupling, radio frequency, and magnetic field. The inductive coupling segment garnered a 36% revenue share in the market in 2022. Inductive coupling is utilized in industrial automation and robotics for wireless power transfer and communication between components. This application enhances the flexibility and efficiency of automated systems, allowing for seamless operation without the limitations of physical connectors.

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating 40% revenue share. The healthcare sector in North America is increasingly adopting these connectors for applications such as patient identification, telehealth, and remote patient monitoring. Retailers and financial institutions in North America are investing in contactless technology to meet consumer expectations for quick and secure transactions.

List of Key Companies Profiled

  • STMicroelectronics N.V.
  • TE Connectivity Ltd.
  • Molex, LLC (Koch Industries, Inc.)
  • Rosenberger Hochfrequenztechnik GmbH
  • Radiall SA
  • Phoenix Contact GmbH & Co. KG
  • Weidmüller Interface GmbH & Co. KG
  • CommScope Holding Company, Inc.
  • Sumitomo Electric Industries, Ltd.
  • Eaton Corporation PLC

Market Report Segmentation

By Product Type
  • Wireless Charging Connectors
  • Wireless Data Transfer Connectors
By Technology
  • Radio Frequency
  • Inductive Coupling
  • Magnetic Field
By Vertical
  • Consumer Electronics
  • Automotive
  • Healthcare
  • Industrial
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Contactless Connector Market, by Product Type
1.4.2 Global Contactless Connector Market, by Technology
1.4.3 Global Contactless Connector Market, by Vertical
1.4.4 Global Contactless Connector Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2022
4.2 Porter Five Forces Analysis
Chapter 5. Global Contactless Connector Market by Product Type
5.1 Global Wireless Charging Connectors Market by Region
5.2 Global Wireless Data Transfer Connectors Market by Region
Chapter 6. Global Contactless Connector Market by Technology
6.1 Global Radio Frequency Market by Region
6.2 Global Inductive Coupling Market by Region
6.3 Global Magnetic Field Market by Region
Chapter 7. Global Contactless Connector Market by Vertical
7.1 Global Consumer Electronics Market by Region
7.2 Global Automotive Market by Region
7.3 Global Healthcare Market by Region
7.4 Global Industrial Market by Region
Chapter 8. Global Contactless Connector Market by Region
8.1 North America Contactless Connector Market
8.1.1 North America Contactless Connector Market by Product Type
8.1.1.1 North America Wireless Charging Connectors Market by Region
8.1.1.2 North America Wireless Data Transfer Connectors Market by Region
8.1.2 North America Contactless Connector Market by Technology
8.1.2.1 North America Radio Frequency Market by Country
8.1.2.2 North America Inductive Coupling Market by Country
8.1.2.3 North America Magnetic Field Market by Country
8.1.3 North America Contactless Connector Market by Vertical
8.1.3.1 North America Consumer Electronics Market by Country
8.1.3.2 North America Automotive Market by Country
8.1.3.3 North America Healthcare Market by Country
8.1.3.4 North America Industrial Market by Country
8.1.4 North America Contactless Connector Market by Country
8.1.4.1 US Contactless Connector Market
8.1.4.1.1 US Contactless Connector Market by Product Type
8.1.4.1.2 US Contactless Connector Market by Technology
8.1.4.1.3 US Contactless Connector Market by Vertical
8.1.4.2 Canada Contactless Connector Market
8.1.4.2.1 Canada Contactless Connector Market by Product Type
8.1.4.2.2 Canada Contactless Connector Market by Technology
8.1.4.2.3 Canada Contactless Connector Market by Vertical
8.1.4.3 Mexico Contactless Connector Market
8.1.4.3.1 Mexico Contactless Connector Market by Product Type
8.1.4.3.2 Mexico Contactless Connector Market by Technology
8.1.4.3.3 Mexico Contactless Connector Market by Vertical
8.1.4.4 Rest of North America Contactless Connector Market
8.1.4.4.1 Rest of North America Contactless Connector Market by Product Type
8.1.4.4.2 Rest of North America Contactless Connector Market by Technology
8.1.4.4.3 Rest of North America Contactless Connector Market by Vertical
8.2 Europe Contactless Connector Market
8.2.1 Europe Contactless Connector Market by Product Type
8.2.1.1 Europe Wireless Charging Connectors Market by Country
8.2.1.2 Europe Wireless Data Transfer Connectors Market by Country
8.2.2 Europe Contactless Connector Market by Technology
8.2.2.1 Europe Radio Frequency Market by Country
8.2.2.2 Europe Inductive Coupling Market by Country
8.2.2.3 Europe Magnetic Field Market by Country
8.2.3 Europe Contactless Connector Market by Vertical
8.2.3.1 Europe Consumer Electronics Market by Country
8.2.3.2 Europe Automotive Market by Country
8.2.3.3 Europe Healthcare Market by Country
8.2.3.4 Europe Industrial Market by Country
8.2.4 Europe Contactless Connector Market by Country
8.2.4.1 Germany Contactless Connector Market
8.2.4.1.1 Germany Contactless Connector Market by Product Type
8.2.4.1.2 Germany Contactless Connector Market by Technology
8.2.4.1.3 Germany Contactless Connector Market by Vertical
8.2.4.2 UK Contactless Connector Market
8.2.4.2.1 UK Contactless Connector Market by Product Type
8.2.4.2.2 UK Contactless Connector Market by Technology
8.2.4.2.3 UK Contactless Connector Market by Vertical
8.2.4.3 France Contactless Connector Market
8.2.4.3.1 France Contactless Connector Market by Product Type
8.2.4.3.2 France Contactless Connector Market by Technology
8.2.4.3.3 France Contactless Connector Market by Vertical
8.2.4.4 Russia Contactless Connector Market
8.2.4.4.1 Russia Contactless Connector Market by Product Type
8.2.4.4.2 Russia Contactless Connector Market by Technology
8.2.4.4.3 Russia Contactless Connector Market by Vertical
8.2.4.5 Spain Contactless Connector Market
8.2.4.5.1 Spain Contactless Connector Market by Product Type
8.2.4.5.2 Spain Contactless Connector Market by Technology
8.2.4.5.3 Spain Contactless Connector Market by Vertical
8.2.4.6 Italy Contactless Connector Market
8.2.4.6.1 Italy Contactless Connector Market by Product Type
8.2.4.6.2 Italy Contactless Connector Market by Technology
8.2.4.6.3 Italy Contactless Connector Market by Vertical
8.2.4.7 Rest of Europe Contactless Connector Market
8.2.4.7.1 Rest of Europe Contactless Connector Market by Product Type
8.2.4.7.2 Rest of Europe Contactless Connector Market by Technology
8.2.4.7.3 Rest of Europe Contactless Connector Market by Vertical
8.3 Asia Pacific Contactless Connector Market
8.3.1 Asia Pacific Contactless Connector Market by Product Type
8.3.1.1 Asia Pacific Wireless Charging Connectors Market by Country
8.3.1.2 Asia Pacific Wireless Data Transfer Connectors Market by Country
8.3.2 Asia Pacific Contactless Connector Market by Technology
8.3.2.1 Asia Pacific Radio Frequency Market by Country
8.3.2.2 Asia Pacific Inductive Coupling Market by Country
8.3.2.3 Asia Pacific Magnetic Field Market by Country
8.3.3 Asia Pacific Contactless Connector Market by Vertical
8.3.3.1 Asia Pacific Consumer Electronics Market by Country
8.3.3.2 Asia Pacific Automotive Market by Country
8.3.3.3 Asia Pacific Healthcare Market by Country
8.3.3.4 Asia Pacific Industrial Market by Country
8.3.4 Asia Pacific Contactless Connector Market by Country
8.3.4.1 China Contactless Connector Market
8.3.4.1.1 China Contactless Connector Market by Product Type
8.3.4.1.2 China Contactless Connector Market by Technology
8.3.4.1.3 China Contactless Connector Market by Vertical
8.3.4.2 Japan Contactless Connector Market
8.3.4.2.1 Japan Contactless Connector Market by Product Type
8.3.4.2.2 Japan Contactless Connector Market by Technology
8.3.4.2.3 Japan Contactless Connector Market by Vertical
8.3.4.3 India Contactless Connector Market
8.3.4.3.1 India Contactless Connector Market by Product Type
8.3.4.3.2 India Contactless Connector Market by Technology
8.3.4.3.3 India Contactless Connector Market by Vertical
8.3.4.4 South Korea Contactless Connector Market
8.3.4.4.1 South Korea Contactless Connector Market by Product Type
8.3.4.4.2 South Korea Contactless Connector Market by Technology
8.3.4.4.3 South Korea Contactless Connector Market by Vertical
8.3.4.5 Australia Contactless Connector Market
8.3.4.5.1 Australia Contactless Connector Market by Product Type
8.3.4.5.2 Australia Contactless Connector Market by Technology
8.3.4.5.3 Australia Contactless Connector Market by Vertical
8.3.4.6 Malaysia Contactless Connector Market
8.3.4.6.1 Malaysia Contactless Connector Market by Product Type
8.3.4.6.2 Malaysia Contactless Connector Market by Technology
8.3.4.6.3 Malaysia Contactless Connector Market by Vertical
8.3.4.7 Rest of Asia Pacific Contactless Connector Market
8.3.4.7.1 Rest of Asia Pacific Contactless Connector Market by Product Type
8.3.4.7.2 Rest of Asia Pacific Contactless Connector Market by Technology
8.3.4.7.3 Rest of Asia Pacific Contactless Connector Market by Vertical
8.4 LAMEA Contactless Connector Market
8.4.1 LAMEA Contactless Connector Market by Product Type
8.4.1.1 LAMEA Wireless Charging Connectors Market by Country
8.4.1.2 LAMEA Wireless Data Transfer Connectors Market by Country
8.4.2 LAMEA Contactless Connector Market by Technology
8.4.2.1 LAMEA Radio Frequency Market by Country
8.4.2.2 LAMEA Inductive Coupling Market by Country
8.4.2.3 LAMEA Magnetic Field Market by Country
8.4.3 LAMEA Contactless Connector Market by Vertical
8.4.3.1 LAMEA Consumer Electronics Market by Country
8.4.3.2 LAMEA Automotive Market by Country
8.4.3.3 LAMEA Healthcare Market by Country
8.4.3.4 LAMEA Industrial Market by Country
8.4.4 LAMEA Contactless Connector Market by Country
8.4.4.1 Brazil Contactless Connector Market
8.4.4.1.1 Brazil Contactless Connector Market by Product Type
8.4.4.1.2 Brazil Contactless Connector Market by Technology
8.4.4.1.3 Brazil Contactless Connector Market by Vertical
8.4.4.2 Argentina Contactless Connector Market
8.4.4.2.1 Argentina Contactless Connector Market by Product Type
8.4.4.2.2 Argentina Contactless Connector Market by Technology
8.4.4.2.3 Argentina Contactless Connector Market by Vertical
8.4.4.3 UAE Contactless Connector Market
8.4.4.3.1 UAE Contactless Connector Market by Product Type
8.4.4.3.2 UAE Contactless Connector Market by Technology
8.4.4.3.3 UAE Contactless Connector Market by Vertical
8.4.4.4 Saudi Arabia Contactless Connector Market
8.4.4.4.1 Saudi Arabia Contactless Connector Market by Product Type
8.4.4.4.2 Saudi Arabia Contactless Connector Market by Technology
8.4.4.4.3 Saudi Arabia Contactless Connector Market by Vertical
8.4.4.5 South Africa Contactless Connector Market
8.4.4.5.1 South Africa Contactless Connector Market by Product Type
8.4.4.5.2 South Africa Contactless Connector Market by Technology
8.4.4.5.3 South Africa Contactless Connector Market by Vertical
8.4.4.6 Nigeria Contactless Connector Market
8.4.4.6.1 Nigeria Contactless Connector Market by Product Type
8.4.4.6.2 Nigeria Contactless Connector Market by Technology
8.4.4.6.3 Nigeria Contactless Connector Market by Vertical
8.4.4.7 Rest of LAMEA Contactless Connector Market
8.4.4.7.1 Rest of LAMEA Contactless Connector Market by Product Type
8.4.4.7.2 Rest of LAMEA Contactless Connector Market by Technology
8.4.4.7.3 Rest of LAMEA Contactless Connector Market by Vertical
Chapter 9. Company Profiles
9.1 Radiall SA
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Acquisition and Mergers:
9.2 Weidmüller Interface GmbH & Co. KG
9.2.1 Company Overview
9.3 STMicroelectronics N.V.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 TE Connectivity Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Molex, LLC (Koch Industries, Inc.)
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Product Launches and Product Expansions:
9.5.2.2 Acquisition and Mergers:
9.5.3 SWOT Analysis
9.6 Rosenberger Hochfrequenztechnik GmbH
9.6.1 Company Overview
9.6.2 SWOT Analysis
9.7 Phoenix Contact GmbH & Co. KG
9.7.1 Company Overview
9.8 CommScope Holding Company, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Sumitomo Electric Industries, Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis
9.10. Eaton Corporation PLC
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis
Chapter 10. Winning Imperatives of Contactless Connector Market

Companies Mentioned

  • STMicroelectronics N.V.
  • TE Connectivity Ltd.
  • Molex, LLC (Koch Industries, Inc.)
  • Rosenberger Hochfrequenztechnik GmbH
  • Radiall SA
  • Phoenix Contact GmbH & Co. KG
  • Weidmüller Interface GmbH & Co. KG
  • CommScope Holding Company, Inc.
  • Sumitomo Electric Industries, Ltd.
  • Eaton Corporation PLC

Methodology

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