Product Code: 12929
Market Overview
The global contactless connector market was valued at approximately USD 200.1 million in 2023 and is projected to grow to USD 598.3 million by 2030, with a compound annual growth rate (CAGR) of 17.1% from 2024 to 2030. The acceptance of wireless tech started with wireless data transfer. With wireless energy transmission in customer electronics, like laptops, computers, IoT devices, mobile phones, and audio devices, the need for contactless connectors is growing quickly.
The world is leaning toward IoT devices, which is a major propelling reason for the surge in the need for wireless connectors. They play a vital role in creating data exchange and communication between IoT devices, therefore easing the addition of sensors, controllers, and actuators without physical linkages.
The rising addition of IoT devices and appliances in financial services, smart cities, and homes is offering a platform for the utilization of progressive wireless connectivity technology. Furthermore, the customer electronics industry is experiencing a surge in the acceptance of NFC technology to offer secure and seamless communication.
By 2030, smart home industry revenue is projected to reach USD 196.5 billion, from USD 82 billion by 2021, therefore broadening the opportunity for contactless connectors. The smart home market utilizes connected appliances and devices to mechanize routines, to save energy, time, and money. Home automation systems with these connectors permit the addition of numerous appliances and devices controlled via a centralized unit.
Key Insights
In 2023, the power transmission category accounted for 75% of the industry share because of the augmented acceptance of connected devices.
Demand for enhanced charging solutions capable of running multiple devices concurrently is propelling the need for contactless connectors.
Hybrid technology, transmitting both power and data, is expected to have the highest CAGR of around 17.5% from 2024 to 2030, offering unlimited mating cycles and robustness with low maintenance.
In 2023, the Inductive couplers category, had a substantial industry share of 40%, using magnetic fields to distribute power between coils in short-distance applications.
Extensively utilized in technologies such as data transfer, radiofrequency identification, and wireless charging, they provide durability and resistance to ecological conditions.
Inductive couplers are perfect for applications like wireless EV charging, smartphones, and medical implants because of their robustness and environmental resilience.
In 2023, the aerospace & defense category had a 35% industry share, propelled by augmented defense budgets and geopolitical tensions.
Contactless couplers are widely utilized in arming manufacturing services because of heightened defense expenditure and geopolitical factors.
In 2023, the North American region dominated the worldwide market share at 45%, propelled by quick development in industrial automation and aerospace/defense industries in the U.S.
The U.S. government's emphasis on industry mechanization utilizing advanced transmission technologies spurs demand for contactless connectors.
The Asia-Pacific region is the fastest-growing industry with a CAGR of 17.5% during the projection period, supported by cheap labor, increasing manufacturing services, government guidelines helping key players, and extensive acceptance of advanced technologies.
TE Connectivity, Molex, Rosenberger, Wurth Elektronik and Laird, are the Key players in the contactless connector market. These companies utilize a combination of technological innovations, strategic partnerships, and wider product line extension that are adaptable to changing and growing market requirements.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by use case
- 1.4.2. Market size breakdown, by technology
- 1.4.3. Market size breakdown, by mode of operation
- 1.4.4. Market size breakdown, by sales channel
- 1.4.5. Market size breakdown, by end user
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Use Case (2017-2030)
- 6.3. Market Revenue, by Technology (2017-2030)
- 6.4. Market Revenue, by Mode of Operation (2017-2030)
- 6.5. Market Revenue, by Sales Channel (2017-2030)
- 6.6. Market Revenue, by End User (2017-2030)
- 6.7. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Use Case (2017-2030)
- 7.3. Market Revenue, by Technology (2017-2030)
- 7.4. Market Revenue, by Mode of Operation (2017-2030)
- 7.5. Market Revenue, by Sales Channel (2017-2030)
- 7.6. Market Revenue, by End User (2017-2030)
- 7.7. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Use Case (2017-2030)
- 8.3. Market Revenue, by Technology (2017-2030)
- 8.4. Market Revenue, by Mode of Operation (2017-2030)
- 8.5. Market Revenue, by Sales Channel (2017-2030)
- 8.6. Market Revenue, by End User (2017-2030)
- 8.7. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Use Case (2017-2030)
- 9.3. Market Revenue, by Technology (2017-2030)
- 9.4. Market Revenue, by Mode of Operation (2017-2030)
- 9.5. Market Revenue, by Sales Channel (2017-2030)
- 9.6. Market Revenue, by End User (2017-2030)
- 9.7. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Use Case (2017-2030)
- 10.3. Market Revenue, by Technology (2017-2030)
- 10.4. Market Revenue, by Mode of Operation (2017-2030)
- 10.5. Market Revenue, by Sales Channel (2017-2030)
- 10.6. Market Revenue, by End User (2017-2030)
- 10.7. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Use Case (2017-2030)
- 11.3. Market Revenue, by Technology (2017-2030)
- 11.4. Market Revenue, by Mode of Operation (2017-2030)
- 11.5. Market Revenue, by Sales Channel (2017-2030)
- 11.6. Market Revenue, by End User (2017-2030)
- 11.7. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Use Case (2017-2030)
- 12.3. Market Revenue, by Technology (2017-2030)
- 12.4. Market Revenue, by Mode of Operation (2017-2030)
- 12.5. Market Revenue, by Sales Channel (2017-2030)
- 12.6. Market Revenue, by End User (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Use Case (2017-2030)
- 13.3. Market Revenue, by Technology (2017-2030)
- 13.4. Market Revenue, by Mode of Operation (2017-2030)
- 13.5. Market Revenue, by Sales Channel (2017-2030)
- 13.6. Market Revenue, by End User (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Use Case (2017-2030)
- 14.3. Market Revenue, by Technology (2017-2030)
- 14.4. Market Revenue, by Mode of Operation (2017-2030)
- 14.5. Market Revenue, by Sales Channel (2017-2030)
- 14.6. Market Revenue, by End User (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Use Case (2017-2030)
- 15.3. Market Revenue, by Technology (2017-2030)
- 15.4. Market Revenue, by Mode of Operation (2017-2030)
- 15.5. Market Revenue, by Sales Channel (2017-2030)
- 15.6. Market Revenue, by End User (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Use Case (2017-2030)
- 16.3. Market Revenue, by Technology (2017-2030)
- 16.4. Market Revenue, by Mode of Operation (2017-2030)
- 16.5. Market Revenue, by Sales Channel (2017-2030)
- 16.6. Market Revenue, by End User (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Use Case (2017-2030)
- 17.3. Market Revenue, by Technology (2017-2030)
- 17.4. Market Revenue, by Mode of Operation (2017-2030)
- 17.5. Market Revenue, by Sales Channel (2017-2030)
- 17.6. Market Revenue, by End User (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Use Case (2017-2030)
- 18.3. Market Revenue, by Technology (2017-2030)
- 18.4. Market Revenue, by Mode of Operation (2017-2030)
- 18.5. Market Revenue, by Sales Channel (2017-2030)
- 18.6. Market Revenue, by End User (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Use Case (2017-2030)
- 19.3. Market Revenue, by Technology (2017-2030)
- 19.4. Market Revenue, by Mode of Operation (2017-2030)
- 19.5. Market Revenue, by Sales Channel (2017-2030)
- 19.6. Market Revenue, by End User (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Use Case (2017-2030)
- 20.3. Market Revenue, by Technology (2017-2030)
- 20.4. Market Revenue, by Mode of Operation (2017-2030)
- 20.5. Market Revenue, by Sales Channel (2017-2030)
- 20.6. Market Revenue, by End User (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Use Case (2017-2030)
- 21.3. Market Revenue, by Technology (2017-2030)
- 21.4. Market Revenue, by Mode of Operation (2017-2030)
- 21.5. Market Revenue, by Sales Channel (2017-2030)
- 21.6. Market Revenue, by End User (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Use Case (2017-2030)
- 22.3. Market Revenue, by Technology (2017-2030)
- 22.4. Market Revenue, by Mode of Operation (2017-2030)
- 22.5. Market Revenue, by Sales Channel (2017-2030)
- 22.6. Market Revenue, by End User (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Use Case (2017-2030)
- 23.3. Market Revenue, by Technology (2017-2030)
- 23.4. Market Revenue, by Mode of Operation (2017-2030)
- 23.5. Market Revenue, by Sales Channel (2017-2030)
- 23.6. Market Revenue, by End User (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Use Case (2017-2030)
- 24.3. Market Revenue, by Technology (2017-2030)
- 24.4. Market Revenue, by Mode of Operation (2017-2030)
- 24.5. Market Revenue, by Sales Channel (2017-2030)
- 24.6. Market Revenue, by End User (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Use Case (2017-2030)
- 25.3. Market Revenue, by Technology (2017-2030)
- 25.4. Market Revenue, by Mode of Operation (2017-2030)
- 25.5. Market Revenue, by Sales Channel (2017-2030)
- 25.6. Market Revenue, by End User (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Use Case (2017-2030)
- 26.3. Market Revenue, by Technology (2017-2030)
- 26.4. Market Revenue, by Mode of Operation (2017-2030)
- 26.5. Market Revenue, by Sales Channel (2017-2030)
- 26.6. Market Revenue, by End User (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Use Case (2017-2030)
- 27.3. Market Revenue, by Technology (2017-2030)
- 27.4. Market Revenue, by Mode of Operation (2017-2030)
- 27.5. Market Revenue, by Sales Channel (2017-2030)
- 27.6. Market Revenue, by End User (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Use Case (2017-2030)
- 28.3. Market Revenue, by Technology (2017-2030)
- 28.4. Market Revenue, by Mode of Operation (2017-2030)
- 28.5. Market Revenue, by Sales Channel (2017-2030)
- 28.6. Market Revenue, by End User (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. STMicroelectronics
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Phoenix Contact
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. TE Connectivity Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Radiall
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Schleifring Gmbh
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Cobham Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Moog Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. NSD Corporation
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Spinner GmbH
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Weidmuller Interface GmbH & Co. KG
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Radiall SA
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. Mercotac Inc.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
- 30.13. Koch Industries Inc.
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
- 30.14. Uniqconn Inc.
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.14.3. Key financial summary
- 30.15. Commscope
- 30.15.1. Business overview
- 30.15.2. Product and service offerings
- 30.15.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports