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Yahoo
22-07-2025
- Automotive
- Yahoo
EV Connector Market worth $8.80 billion by 2032
DELRAY BEACH, Fla., July 22, 2025 /PRNewswire/ -- The EV connector market is projected to reach USD 8.80 billion by 2032, from USD 2.73 billion in 2025, with a CAGR of 18.2%, according to a new report by MarketsandMarkets. EV connectors for high-voltage systems are increasingly required to support miniaturization, weight reduction, and high-performance materials, alongside rising demand for high-bandwidth, low-latency transmission to support complex systems such as ADAS, battery management, vehicle lighting, and autonomous driving. As EVs rapidly adopt advanced driver-assistance and autonomous technologies, connectors must handle massive data flows, offering manufacturers opportunities for technological advancement. This trend is further accelerated by the shift toward zonal architectures and centralized computing, driving demand for multi-signal, high-speed connectors. Download an Illustrative overview: Browse in-depth TOC on "EV Connector Market" 307 - Tables 83 - Figures 305 - Pages Battery management systems are expected to show significant growth during the forecast period As EV battery architectures shift to more integrated, structural formats, demand for precise and reliable connectors has become more pronounced. In January 2024, JAE supplied HVIL-compliant signal connectors for BYD's Blade Battery, meeting high vibration tolerance and enabling stable BMS-to-cell communication. Similarly, in March 2024, TE Connectivity launched AMP+ high-voltage connectors for compact BMS setups in cylindrical and prismatic cells, offering enhanced creepage, clearance, and EMI shielding. These connectors featured improved creepage and clearance characteristics along with integrated shielding to minimize EMI, ensuring robust signal and power transmission in high-vibration environments. Such developments highlight a growing emphasis on connector precision and reliability as essential enablers of high-performance and safety-centric battery management systems in next-generation EVs. Board-to-board connection is expected to hold the largest share during the forecast period Board-to-board connectors establish direct electrical connections between two printed circuit boards (PCBs) within the same electronic module. These connectors support vertical, horizontal, and mezzanine stacking and are critical in applications such as digital cockpit units, centralized computing systems, and battery control modules. Their key advantages include enabling modular design, minimizing signal loss, and supporting high-speed data transmission in software-defined vehicle architectures. In June 2024, ERNI introduced zero-insertion-force board-to-board connectors for modular stacked ECU applications such as ADAS, infotainment, zonal architectures, and autonomous driving controllers, supporting multi-row layouts and shielded designs. Asia Pacific is expected to be the leading market during the forecast period Asia Pacific leads the global EV connector market, driven by robust manufacturing capabilities, increased EV production, and rapid innovation in vehicle electronics. As of 2024, the region accounted for over 55% of global EV output, supported by key automakers such as BYD, SAIC, Geely, Toyota, Hyundai, and Tata Motors. This strong presence fuels consistent demand for a broad spectrum of connectors from high-voltage components used in batteries and traction inverters to compact signal connectors for infotainment, ADAS, and zonal control systems in software-defined vehicles (SDVs). In July 2024, Sumitomo Electric began developing fiber-optic connectors to enable high-speed data transfer in SDVs through zonal E/E architectures. Adding to the region's momentum, Hyundai Mobis expanded its EV components plant in Ulsan in June 2024 to scale production of integrated connector modules, reinforcing Asia Pacific's position as the strategic hub for next-generation EV connector development. Key Market EV Connector Industry: Prominent players in the EV Connector Companies include as TE Connectivity Ltd. (Ireland), Aptiv (Ireland), Yazaki Corporation (Japan), Molex (US), and Hirose Electric Co., Ltd. (Japan), among others. Get 10% Free Customization on this Report: This report provides insights on: Analysis of key drivers (OEMs' emphasis on electrification of mid-segment and luxury vehicles, Rapid integration of ADAS and safety systems, Consumer preference for seamless and interactive driving experience), restraints (Volatility in Raw Material Prices), opportunities (Scaling of autonomous driving technologies, Shift toward advanced electrical/electronic (E/E) architecture), and challenges (Material degradation due to mechanical wear and thermal stresses, Transition from conventional connector systems to modular platform designs) influencing the growth of the EV connector market Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the EV connector market Market Development: Comprehensive information about lucrative markets – the report analyses the EV connector market across various regions Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the EV connector market Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like TE Connectivity (Ireland), Aptiv (Ireland), Yazaki Corporation (Japan), Molex (US), and Hirose Electric Co., Ltd. (Japan) in the EV connector market. Related Reports: Electric Vehicle Market EV Charging Station Market EV Cables Market Get access to the latest updates on EV Connector Companies and EV Connector Industry Growth About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Sign in to access your portfolio
AsiaOne
28-05-2025
- Business
- AsiaOne
Poly grad hopes to solve food delivery spillage problem with innovative GRIPBox, Singapore News
In 2022, she got a D7 for Mathematics for her O-level exam. Three years later, Nallathambi Kavya is not only a fresh poly graduate but a founder of a start-up named GRIP, which aims to solve the woes of food delivery riders. The product, GRIPBox, is a storage box which helps to solve the problem of spillage. It is now in the testing stage and Kavya, 20, is still collecting feedback from delivery riders before she refines the product again. "People say (GRIPBox) is very practical, easy to use and innovative," she told AsiaOne. This achievement is a world away when she failed her O-level Math because she and her family tested positive for Covid-19 on the day of the exam, causing her to miss it. The poor Math score meant she could not apply to study an engineering-related course in a polytechnic via the Joint Admissions Exercise (JAE). Undeterred, Kavya, who told AsiaOne she wanted to pursue engineering "no matter what", focused on securing a place in polytechnic through the Direct Admissions Exercise (DAE), and was accepted into Republic Polytechnic's (RP) Common Engineering diploma programme. The DAE allows students with ineligible qualifications under the JAE and Early Admissions Exercise to apply directly to a polytechnic for admission. "I'm very grateful for (being able to enroll) because when I received my O-level results, I really thought that I couldn't make it into poly at all," she said. Students enrolled in a Common programme have up to a year to decide on a specific diploma, and Kavya successfully transferred to the Diploma in Engineering Design with Business course after one semester. She told AsiaOne that her journey as an entrepreneur started when a classmate who worked as a part-time delivery rider complained about his job struggles, which inspired her group to zero in on exploring storage options for motorcyclists as their final-year project. After completing the project, Kavya continued developing the idea and decided to focus on a target audience of food delivery riders. Unlike many of her peers who took on internships, she chose the alternative five-month entrepreneurship programme by RP, which allows students to develop their business ideas. The "solopreneur" wanted to first tackle the "common" and "relevant" issue of food spillage, leading her to create GRIPBox. The insulated box is supported by a frame and split horizontally into two by a removeable compartment. The bottom section features six stretchable velcro straps designed to hold takeaway cups, while the netting at the bottom is for containers holding liquids such as soup. Other packaged foods can be placed on the top section. Users can also utilise an S-hook to hook items on the frame, if desired. Kavya revealed that her biggest challenge during the five months was managing time. "It's not like a nine to five internship where after five, you have your own time. As a as a business owner, you're on call like 24/7, you need to be up and going." But she added that she had a strong support system made up of friends and family, as well as her mentors who would check in on her and give advice. Kavya also explained that the cost of the box depends on whether she adds or removes any features in the refining process, but she will keep it as affordable as possible. Currently, she is waiting for the results of her university applications, hoping to pursue a degree in Business Administration. She is also working on other products that will aid food delivery riders and hopes to launch GRIPBox by the end of 2025. [[nid:717751]]
