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
1.5.1. Value
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)