Press Fit Connectors Market, By Type (Solid Press-in and Compliant Press-in), By Application (Automotive, Electronic, Data & Communication), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : May 2024

Code : CMI6971

Pages :171

Formats :

Excel and PDF

Industry : Semiconductors

Market Concentration and Competitive Landscape

Press Fit Connectors Market Concentration By Players

Close-monitor your Competitor's Move, Request sample copy

Adoption of Electrical Vehicles

The automotive industry is steadily transitioning towards electrification with electrical vehicles coming to the forefront. Supported by growing environmental concerns and policy pushes for cleaner transportation, the sales of battery electric vehicles and plug-in hybrid electric vehicles have been rising substantially across major automotive markets. This rapid electrification of the automotive landscape has boosted demand for press fit connectors as these play a pivotal role in the manufacturing of electric vehicles.

Press fit connectors are extensively used inside electric vehicles for making connections in the battery pack, battery management system, electric powertrain motor controller and other vital EV components that require tight, robust joints able to withstand vibration. Their secure fastening ability in small spaces makes them especially suited to the congested interconnect environments inside EVs.

Furthermore, as automakers focus on compact designs to enhance driving range, press fit connectors offer the advantage of maximizing space efficiency while securely connecting various components within electric vehicles. Growing EV product ranges and sales forecasts indicate that press fit connectors demand from this industry will continue its strong growth trajectory in the coming years. Government incentives and policy support for electric mobility across major nations are adding to the tailwinds.

Key Players