|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 725 Million||USD 1392 Million||8.5%||2022|
Board-to-board (BtoB) Floating Connecto Market
The global Board-to-board (BtoB) Floating Connectors market size was worth around USD 725 million in 2022 and is predicted to grow to around USD 1392 million by 2030 with a compound annual growth rate (CAGR) of roughly 8.5% between 2023 and 2030.
The report analyzes the global Board-to-board (BtoB) Floating Connectors market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Board-to-board (BtoB) Floating Connectors market.
An electromechanical connection that corrects for X, Y, and Z axis misalignments is called a floating connector. In contrast to a conventional connection, the floating connector has its mating contact suspended above the PCB by specially created terminals. Instead of being straight like the conventional ones, the terminals are twisted to provide them flexibility. The floating connector offers the following benefits, and this flexibility is essential to them. The board-to-board floating connectors is being driven by several factors including growing manufacturing automation, increasing consumer electronics industry, rising automotive sector, and increasing investment.
The advantages of floating connectors over traditional ones drive the market growth
The benefits offered by the floating connectors over a traditional one are expected to drive the market growth over the forecast period. There are various advantages such as misalignment absorption, terminal stress reduction, and fretting reduction. Using the spring-like terminals, floating connectors can resist misalignments of up to 0.7 mm in the X and Y axes and 0.5 mm in the Z axis. Additionally, because of the cumulative misalignment of traditional ones, it is less probable that the PCB will be loaded with several board-to-board floating connections during assembly. Moreover, mechanical stress can accumulate inside the terminals of conventional connectors when the mating surfaces are out of alignment. This would eventually result in a fault by causing the solder junctions to fracture over time. However, this is decreased for the floating connection due to the degree of flexibility provided by its elastic terminals, which lessen the tension even when a misalignment does occur. Thus, these characteristics of floating connectors are expected to drive the board-to-board floating connectors market growth during the forecast period.
The high cost and complexity of design & integration hamper the market growth
Floating connectors may cost more than conventional connectors because they include more sophisticated features and superior materials. Price issues may restrict their implementation in situations where costs are important. In addition, using rigid connectors might be simpler than implementing BtoB floating connectors. It might be difficult to ensure good alignment and electrical performance while designing the connectors. For some applications, integration with current systems may necessitate adjustments, making them less appealing. Therefore, this is expected to hamper the board-to-board floating connectors industry growth over the forecast period.
The growing automotive industry is expected to offer an attractive opportunity for the market expansion
The growing automotive sector is expected to offer a potential opportunity for market growth during the forecast period. These connectors have several applications in the vehicles such as in the GPS, infotainment, and wireless modules. The innovative floating board-to-board connectors, which improve the reliability, performance, and longevity of the complete automobile electronics, are used in place of the conventional board-to-board connectors. For instance, according to the Society of Indian Automobile Manufacturers, a total of 38,90,114 passenger vehicles were sold overall, up from 30,69,523. In comparison to the prior year, sales of Passenger Cars climbed from 14,67,039 to 17,47,376, Utility Vehicles from 14,89,219 to 20,03,718, and Vans from 1,13,265 to 1,39,020 units in FY-2022–23. Sales of commercial vehicles as a whole went up from 7,16,566 to 9,62,468 units. In comparison to the prior year, sales of Light Commercial Vehicles climbed from 4,75,989 to 6,03,465 units while those of Medium and Heavy Commercial Vehicles increased from 2,40,577 to 3,59,003 units. Thus, the aforementioned facts support the board-to-board floating connectors market growth over the analysis period.
Concern regarding reliability and durability poses a major challenge to the market growth
It's essential to guarantee the long-term reliability and durability of floating connectors, particularly in applications subject to harsh environments, vibrations, and temperature cycles. Any deterioration in performance over time might cause customers serious worry. Therefore, the concern regarding the reliability and durability of floating connectors might pose a major challenge for the market growth over the projected period.
The global Board-to-board (BtoB) Floating Connectors industry is segmented based on type, application, and region.
Based on the type, the global market is bifurcated into XY±0.5mm, XY±0.4mm, XY±0.85mm, XY±1.0mm, and Others. The XY±0.5mm segment is expected to dominate the market during the forecast period. The segment growth is attributed to the diverse application in several industries including automotive, telecommunication, medical, aerospace & defense, and others. BtoB floating connections with an XY tolerance of 0.5mm are used in a variety of electronic modules in the automobile sector, including infotainment systems, ADAS (Advanced Driver Assistance Systems), and electronic control units (ECUs). Despite the vibrations and heat fluctuations seen in vehicle conditions, they offer dependable connections. Moreover, connections with great accuracy and stability are frequently needed for telecommunication equipment. To maintain constant performance, base stations, routers, and networking equipment can employ BtoB floating connections with an XY tolerance of 0.5mm. Medical equipment also requires a high degree of precision and dependability. Medical equipment such as imaging equipment, patient monitoring systems, and diagnostic instruments all use BtoB floating connections with XY0.5mm tolerance. Thus, this is expected to flourish the segment expansion during the forecast period.
Based on the application, the global Board-to-board (BtoB) Floating Connectors industry is divided into industrial and instrumentation, automobile industry, consumer electronics, medical equipment, semiconductor equipment/machines, factory automation, and others. The automobile segment is expected to hold the largest market share over the forecast period. The automobile industry application of floating connectors in infotainment systems, ADAS, ECUs, and others. Modern infotainment systems that combine entertainment, navigation, connection, and other facilities are being incorporated into cars more and more. BtoB floating connections are essential for connecting the head unit, display, audio module, and control buttons, among other infotainment system components. Moreover, a variety of sensors and cameras are also used by ADAS technologies such as lane departure warning, adaptive cruise control, and collision avoidance systems. These sensors and cameras may be seamlessly connected to the main ADAS control unit through BtoB floating connectors. Thereby, driving the segment growth over the forecast period.
|Report Attributes||Report Details|
|Report Name||Board-to-board (BtoB) Floating Connectors Market Report|
|Market Size in 2022||USD 725 Million|
|Market Forecast in 2030||USD 1392 Million|
|Growth Rate||CAGR of 8.5%|
|Number of Pages||214|
|Key Companies Covered||Amphenol, Hirose Electric, IRISO Electronics, Greenconn Technology, Molex, Kyocera, Samtec, KEL Corporation, JAE, Yamaichi, Jinling Electronics, DDK Ltd, ShenTai WeiXiang Electronics and CSCONN Corporation, among others.|
|Segments Covered||By Type, By Application, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
The Asia Pacific is expected to hold the largest market share over the forecast period
The Asia Pacific is expected to hold the largest global board-to-board floating connectors market share over the forecast period. The regional growth is attributed to the growing consumer electronics and automotive sectors. In the region, the countries like India and China capture a significant market share in these industries, in turn, drive market expansion. For instance, the International Federation of Robots reports a 27% rise in the number of robot technology installations in industrial settings in China, with a further 75% growth predicted by 2019. China is anticipated to attain a density of around 150 per 10,000 human employees by 2021, which will boost automation throughout the consumer electronics sector. Moreover, according to information from the Ministry of Industry and Information Technology, approximately 26 million vehicles, including 21.48 million passenger cars, were sold in 2021, an increase of 7.1% from the previous year. Thus, the aforementioned facts drive the market revenue growth in the region.
On the other hand, North America is expected to capture a significant market share over the forecast period. The expansion of telecommunication networks and data centers drives the demand for high-speed and reliable connectors in the region. For instance, according to secondary analysis, by 2025, it is anticipated that network infrastructure improvements would have increased the GDP in the United States by up to 1.5 trillion dollars. In California alone, the adoption of 5G is predicted to generate 253 billion dollars and up to 2.39 million jobs, while New York and Texas are also anticipated to generate more than 130 billion dollars. Therefore, these stats support the market growth in the region.
The global Board-to-board (BtoB) Floating Connectors market is dominated by players like:
An electromechanical connection that corrects for X, Y, and Z axis misalignments is called a floating connector. In contrast to a conventional connection, the floating connector has its mating contact suspended above the PCB by specially created terminals. Instead of being straight like the conventional ones, the terminals are twisted to provide them flexibility.
The board-to-board floating connectors are being driven by several factors including growing manufacturing automation, increasing consumer electronics industry, rising automotive sector, and increasing investment.
According to the report, the global board-to-board floating connectors market size was worth around USD 725 million in 2022 and is predicted to grow to around USD 1392 million by 2030.
The global Board-to-board (BtoB) Floating Connectors market is expected to grow at a CAGR of 8.5% during the forecast period.
The global Board-to-board (BtoB) Floating Connectors market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing automotive and consumer electronics industry.
The global Board-to-board (BtoB) Floating Connectors market is dominated by players like Amphenol, Hirose Electric, IRISO Electronics, Greenconn Technology, Molex, Kyocera, Samtec, KEL Corporation, JAE, Yamaichi, Jinling Electronics, DDK Ltd, ShenTai WeiXiang Electronics, and CSCONN Corporation, among others.