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The EV connector market size was valued at US$ 2.59 billion in 2024 and is expected to reach US$ 12.40 billion by 2031; it is estimated to register a CAGR of 25.3% during 2025–2031. Advancements in EV connector manufacturing technology are likely to remain a key EV connector market trend.
EV Connector Market Analysis
The growing emphasis on road safety and the rapid development of autonomous driving technologies are driving increased demand for advanced driver assistance systems (ADAS) such as lane departure warning, blind-spot monitoring, and automatic emergency braking. These systems depend on a network of sensors and actuators, which require reliable, high-performance EV connectors to function seamlessly. Additionally, innovations in lighting technologies, including adaptive headlights and LED systems, are fueling the need for more compact connectors. Alongside ADAS and advanced lighting, battery management systems (BMS) require multiple connectors to effectively monitor and manage the complexities of modern battery packs. Furthermore, high-voltage systems demand specialized connector designs to ensure both safety and operational efficiency.
EV Connector Market Overview
An EV connector is the physical interface (plug and socket) that connects an electric vehicle to a power source (charging station) to recharge its battery. It is the hardware that allows electricity to be transferred from the charging station to the vehicle's battery. An EV connector plays a critical role in the broader ecosystem of electric vehicle (EV) technology, directly impacting the advanced driver assistance systems (ADAS), safety, battery management, and overall vehicle performance. From a business perspective, the connector serves as a pivotal interface that ensures efficient, reliable, and secure power delivery, optimizing the vehicle's charging infrastructure while aligning with safety and operational standards. EV connectors are integral to ensuring smooth communication between the vehicle's charging infrastructure and its advanced driver assistance systems (ADAS). Many modern EVs incorporate smart charging capabilities, where the vehicle may interact with charging stations to optimize energy consumption based on ADAS features, such as predictive navigation or route planning.
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EV Connector Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
EV Connector Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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EV ConnectorMarket Drivers and Opportunities
Growing EV Industry
The rapid growth of the electric vehicle (EV) industry is driving significant demand for EV connectors, as these components play a crucial role in the charging infrastructure, ADAS, and vehicle safety systems that support EV adoption. As per the International Energy Agency (IEA), in 2023, nearly 14 million new electric vehicles (EVs) were registered globally, bringing the total number of electric cars on the road to 40 million, aligning closely with the sales projections outlined in the 2023 edition of the Global EV Outlook (GEVO-2023). This marks a significant 35% year-on-year increase, with 3.5 million more electric cars sold compared to 2022. The sales figure for 2023 is more than six times higher than it was in 2018, just five years earlier. On average, over 250,000 new electric cars were registered each week in 2023, surpassing the total number of registrations from 2013, a decade ago. Electric vehicles represented approximately 18% of all car sales in 2023, up from 14% in 2022 and just 2% in 2018. This growth highlights the continued strength of the electric vehicle market as it matures. Additionally, battery electric vehicles (BEVs) accounted for 70% of the total electric car stock in 2023.
Rising Demand for Vehicle-Grid Integration
According to research conducted by the US Department of Energy (DOE), the rising demand for plug-in electric vehicles and other electricity-dependent technologies might raise the load on power networks by up to 38% by 2050. Vehicle-to-grid (V2G) technology is a smart charging technology that allows automobile batteries to provide energy back into the power grid. In essence, these high-capacity batteries are seen as backup storage cells for the electrical grid rather than just equipment for powering EVs. This configuration employs bidirectional charging stations to push and draw energy to and from linked automobiles based on the demand for electricity at any given time. In addition, the V2G technology helps power companies expand their capacity to meet peak demand. This extended, bidirectional grid provides a more efficient model of power delivery. For example, it was discovered that without V2G infrastructure, deploying 1 million EVs in the Guangzhou region of China would minimize the gap between peak and valley load times by 43%. With V2G in place, that reduction would rise to 50%. With the growing demand for vehicle-grid integration, the requirement for advanced EV connectors is also increasing, as the vehicle-grid integration system requires advanced connectors capable of handling bidirectional power flow. Thus, the growing vehicle-grid integration is expected to create an opportunity for the growth of the EV connector market
EV ConnectorMarket Report Segmentation Analysis
Key segments that contributed to the derivation of the EV connector market analysis are type, connection type, application, propulsion type, and voltage.
- Based on type, the market is divided into sealed connector and unsealed connector. The sealed connector segment held a larger EV connector market share in 2024.
- Based on application, the market is divided into ADAS and safety system, body control and interiors, infotainment system, engine management and powertrain, battery management system, vehicle lighting, and others. The ADAS and safety system segment held the largest EV connector market share in 2024.
- On the basis of propulsion type, the market is divided into battery electric vehicle, plug-in hybrid vehicle, fuel cell electric vehicle, and hybrid electric vehicle. The battery electric vehicle segment held the largest share of the EV connector market in 2024.
- By voltage, the market is divided into low voltage, medium voltage, and high voltage. The high voltage segment held the largest share in the EV connector market in 2024.
EV ConnectorMarket Share Analysis by Geography
- The EV connector market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific dominated the market in 2024, followed by Europe and North America.
- Growing urbanization, favorable government initiatives for sustainable energy transitions, and the growth of EV production are driving the EV connector market. China dominates the worldwide EV industry due to substantial governmental subsidies, strong carbon neutrality targets, and a strategic focus on electric mobility. Similarly, Japan, India, and South Korea are also promoting EV adoption through legislative regulations, emissions laws, and incentives for charging infrastructure development. The growth of large cities and the increased use of two- and three-wheeled electric vehicles have boosted the adoption of EV connectors for maintaining high-speed DC charging to compact AC connectors. Moreover, the consumer demand for eco-friendly vehicles and a shift in preference of the logistics and transportation industry toward the adoption of EVs are fueling the EV connector market growth.
EV ConnectorMarket Report Scope
EV Connector Market News and Recent Developments
The EV connector market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the EV connector market are listed below:
- Automotive technology supplier Aptiv signed an agreement with the local government to produce high-voltage connectors in the central China city of Wuhan as the Chinese market shifts to intelligent electric vehicles. (Source: Aptiv PLC, Press Release, November 2024)
- TE Connectivity introduced a new connector designed to be used for connections within automotive headlamp units, steering wheel units, and vehicle cameras, as well as for the flexible-printed cables in EV battery management systems. The PicoMQS has a 1.27 mm pitch, a clearance and creepage distance of 0.46 mm, a receptacle contact for 0.5 x 0.4 mm tabs, and compatibility with wires of 0.13 to 0.22 mm2 in cross-section.
(Source: TE Connectivity, Press Release, September 2025)
EV ConnectorMarket Report Coverage and Deliverables
The "EV Connector Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- EV connector market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- EV connector market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- EV connector market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the EV connector market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The global EV Connector market is expected to reach US$ 12.39 billion by 2031.
The global EV Connector market is estimated to register a CAGR of 25.3% during the forecast period 2025–2031.
Sealed connector segment dominated the EV Connector market in 2024.
Growing EV industry, increasing integration of electronics and infotainment systems in automotive vehicles are the major factors that propel the global EV Connector market.
Advancements in EV connector manufacturing technology to play a significant role in the global EV Connector market in the coming years.
The key players holding majority shares in the global EV Connector market are Aptiv PLC, Amphenol Corporation, Molex LLC, TE Connectivity, and Sumitomo Corporation.
The List of Companies - EV Connector Market
- Aptiv PLC
- Molex LLC
- TE Connectivity Ltd
- Rosenberger Hochfrequenztechnik Gmbh & Co Kg
- Kyocera Corporation
- Sumitomo Electric Industries Ltd
- Yazaki Corp
- Japan Aviation Electronics Industry
- Guchen Electronics
- Amphenol Corp
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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