2025 Connector Industry Forecast
Description
2025– Not the Year we Anticipated
What a year! I don’t think when we made our initial forecast at the beginning of 2025, that anyone had anticipated 2025 to be as strong as it appears it will be. We had agreed it was going to be a year of growth for both bookings and billings, but it has been over four years (2021) since we have seen year-over-year bookings as strong as they were this summer and this last half of 2025. The same can be said about billings, with seven out of the last nine months showing double-digit year-over-year growth.
After growing +5.6% in 2024, we are predicting that the connector industry will have year-over-year growth of +12.5% in 2025, the strongest year-over-year growth we have seen since the industry made its strong comeback the year following the COVID shutdown. As is expected, not all regions are performing as well as others, with several regions showing double-digit growth, and others showing low single-digit year-over-year growth.
Unlike previous years, when the summer months reflected a period of factory shutdowns and employee vacations, in 2025, the summer months represented the beginning of double-digit year-over-year and year-to-date growth in bookings and billings. With such strong bookings, it was easy to anticipate the remainder of 2025 to experience positive growth.
Industry Sales Performance by Region
In 2024, as seen by the table below, growth and decline were not equal across all regions, nor will they be in 2025. The Asia Pacific region saw the greatest growth in 2024, growing +19.2%. With growth of +12.1%, the Chinese region followed Asia Pacific. The only other region showing an increase was North America, where sales increased +6.8%. All other regions declined in 2024, with the greatest decline in the ROW region, where sales in US dollars decreased -15.7%, followed by Japan with a decline of -13.8%. Europe, the only other region declining, showed a decrease of -3.2%
What a year! I don’t think when we made our initial forecast at the beginning of 2025, that anyone had anticipated 2025 to be as strong as it appears it will be. We had agreed it was going to be a year of growth for both bookings and billings, but it has been over four years (2021) since we have seen year-over-year bookings as strong as they were this summer and this last half of 2025. The same can be said about billings, with seven out of the last nine months showing double-digit year-over-year growth.
After growing +5.6% in 2024, we are predicting that the connector industry will have year-over-year growth of +12.5% in 2025, the strongest year-over-year growth we have seen since the industry made its strong comeback the year following the COVID shutdown. As is expected, not all regions are performing as well as others, with several regions showing double-digit growth, and others showing low single-digit year-over-year growth.
Unlike previous years, when the summer months reflected a period of factory shutdowns and employee vacations, in 2025, the summer months represented the beginning of double-digit year-over-year and year-to-date growth in bookings and billings. With such strong bookings, it was easy to anticipate the remainder of 2025 to experience positive growth.
Industry Sales Performance by Region
In 2024, as seen by the table below, growth and decline were not equal across all regions, nor will they be in 2025. The Asia Pacific region saw the greatest growth in 2024, growing +19.2%. With growth of +12.1%, the Chinese region followed Asia Pacific. The only other region showing an increase was North America, where sales increased +6.8%. All other regions declined in 2024, with the greatest decline in the ROW region, where sales in US dollars decreased -15.7%, followed by Japan with a decline of -13.8%. Europe, the only other region declining, showed a decrease of -3.2%
Table of Contents
- Chapter 1 –2025 – Not the Year we Anticipated
- Bookings Year-over-Year and Year-to-Date Billings Year-over-Year and Year-to-Date Industry Backlog Continues to Shrink Industry Backlog April 2024/2025 Connector Industry Book-to-Bill
- Change in Backlog
- Industry Sales Performance by Region
- 2023 and 2024 Connector Sales by Region with Percent Change 2023 and 2024 Change in Sales Dollars by Region
- 2024 and 2025F Connector Sales by Region with Percent Change
- 2024 and 2025F Change in Sales Dollars by Region
- 2023 and 2024 Connector Sales by Market Sector with Percent Change
- 2024 and 2025F Connector Sales by Market Sector with Percent Change and USD Delta
- Change in Market Share
- Market Share by Region 2015 through 2025F Market Share by Region 1994 through 2025F Industry Sales Performance by Month Historical Sales Performance
- Connector Industry Business Cycles Growth Cycles Highlighted Historical Percentage Change in Connector Demand
- 2024 and 2025 YTD Currency Impact on Regional Industry Growth
- Local Currency to One USD April 2024 versus April 2025 Industry Sales Performance April 2025 USD-vs-Local Currencies 2025 Sales Outlook Historical Analysis
- Range of Projected 205 Connector Sales with YOY Percentage Growth
- Range of Projected 2025 Connector Sales Forecast Assumptions
- Forecast Projections
- Five-Year Outlook (2025-2030)
- Five Year Forecast – Region Percent Year-Over-Year Change Sales
- Five Year Forecast – End-Use Equipment Sector Percent Year-Over-Year Change Sales
- Equipment/Market Sectors
- Chapter 2 – World Connector Forecast
- World Connector Market Forecast – Year-to-Year Dollar Change World Connector Market Forecast – Year-to-Year Percent Change
- Top Six End-Use Equipment Categories
- World End-Use Equipment Forecast - Summary
- 2024-2025F Percent Change and 2025F-2030F Five-Year CAGR
- 2025F and 2030F Market Share by Equipment Sector World End-Use Equipment Forecast - Detail Computers & Peripherals
- Mobile Computers Desktops
- Servers
- Storage Equipment Input/Output Equipment Communication LAN Devices Other Computer Equipment Business/Office Equipment Retail/POS Equipment
- Chapter 2 – World Connector Forecast (continued)
- Imaging Systems
- Other Office Equipment Instrumentation
- Automatic Test Equipment Analytical & Scientific Instruments Other Instruments
- Medical
- Diagnostic & Imaging Equipment Therapeutic Equipment
- Other Medical Equipment Industrial
- Heavy Equipment
- Industrial Automation & Process Control Building & Civil Engineering
- Energy Markets
- Machine Tools, Machinery & Robotics Other Equipment
- Automotive
- Body Wiring & Power Distribution Powertrain
- Comfort, Convenience & Entertainment Navigation & Instrumentation
- Safety & Security Transportation Commercial Air Commercial Vehicles Rail
- Heavy Equipment Recreation Commercial Marine Military Telecom/Datacom Carrier Network Enterprise Network Mobile & Wireless Wireless Infrastructure Subscriber Equipment
- Cable-Equipment-Infrastructure Other Telecommunications Consumer
- Personal/Portable Consumer Electronics Consumer Entertainment Electronics Consumer White Goods
- Other Consumer Other Equipment
- Chapter 3 – North American Connector Forecast
- North American Connector Market Forecast – Year-to-Year Dollar Change
- North American Connector Market Forecast – Year-to-Year Percent Change
- Top Six End-Use Equipment Categories
- North American End-Use Equipment Forecast - Summary 2023-2024F Percent Change and 2024F-2029F Five-Year
- CAGR
- 2024F and 2029F Market Share by Equipment Sector North American End-Use Equipment Forecast - Detail Computers & Peripherals
- Mobile Computers Desktops
- Chapter 3 – North American Connector Forecast (continued)
- Servers
- Storage Equipment Input/Output Equipment Communication LAN Devices Other Computer Equipment
- Business/Office Equipment Retail/POS Equipment Imaging Systems
- Other Office Equipment Instrumentation
- Automatic Test Equipment Analytical & Scientific Instruments Other Instruments
- Medical
- Diagnostic & Imaging Equipment Therapeutic Equipment
- Other Medical Equipment Industrial
- Heavy Equipment
- Industrial Automation & Process Control Building & Civil Engineering
- Energy Markets
- Machine Tools, Machinery & Robotics Other Equipment
- Automotive
- Body Wiring & Power Distribution Powertrain
- Comfort, Convenience & Entertainment Navigation & Instrumentation
- Safety & Security Transportation Commercial Vehicles
- RV’s & Power Sports Commercial Air Marine
- Rail Construction Farm & Garden Military
- Telecom/Datacom Carrier Network Enterprise Network Mobile & Wireless Wireless Infrastructure Subscriber Equipment
- Cable-Equipment-Infrastructure Other Telecommunications Consumer
- Personal/Portable Consumer Electronics Home Video Equipment
- Home Audio Equipment Consumer White Goods Other Consumer
- Other Equipment
- Chapters 4 Thru 8 Provide the Same Detail Level as Chapter 3
- Chapter 4 – European Connector Forecast Chapter 5 – Japanese Connector Forecast Chapter 6 – Chinese Connector Forecast Chapter 7 – Asia Pacific Connector Forecast Chapter 8 – ROW Connector Forecast
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