Global Board-to-board (BtoB) Floating Connectors Market is Projected to Surpass a Market Size of $1392 Million by 2030, Showcasing a Notable CAGR of 8.5%.

New York, NY, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Board-To-Board (BtoB) Floating Connectors Market By Type (XY±0.5mm, XY±0.4mm, XY±0.85mm, XY±1.0mm, And Others), By Application (Industrial & Instrumentation, Automobile Industry, Consumer Electronics, Medical Equipment, Semiconductor Equipment/Machines, Factory Automation, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Board-to-board (BtoB) Floating Connectors Market size & share in terms of revenue was valued at USD 725 million in 2022 and it is expected to surpass around USD 1392 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 8.5% during the forecast period 2023 to 2030.”

What are Board-to-board (BtoB) Floating Connectors? How big is the Board-to-board (BtoB) Floating Connectors Industry?

Board-to-board (BtoB) Floating Connectors Report Coverage & Overview:

A floating connector is an electromechanical connection designed to compensate for misalignments along the X, Y, and Z axes. In contrast to a traditional connection, the floating connector is designed with terminals that suspend its mating contact above the printed circuit board (PCB). The terminals have a twisted configuration, deviating from the traditional straight design, in order to enhance their flexibility. The floating connector has several advantages, and its flexibility is crucial for their utilization. The adoption of board-to-board floating connectors is influenced by various reasons, such as the expanding automation in manufacturing processes, the developing consumer electronics industry, the thriving automotive sector, and the escalating investment in this technology.

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Global Board-to-board (BtoB) Floating Connectors Market: Growth Dynamics

The market growth is expected to be propelled by the advantages inherent in floating connectors when compared to their traditional counterparts.

The anticipated market growth over the forecast period is driven by the distinct benefits offered by floating connectors in contrast to their traditional counterparts. These advantages encompass misalignment absorption, reduction of terminal stress, and mitigation of fretting. By utilizing spring-like terminals, floating connectors exhibit the capability to withstand misalignments of up to 0.7 mm in the X and Y axes, along with 0.5 mm in the Z axis. In contrast, due to the cumulative misalignment effects of conventional connectors, the likelihood of burdening the PCB with multiple board-to-board connections during assembly is diminished.

Furthermore, the mechanical strain that can accumulate within the terminals of conventional connectors when mating surfaces are misaligned is a potential concern. This strain could eventually lead to faults, as the solder junctions may fracture over time. However, the floating connectors mitigate this issue due to the flexibility provided by their elastic terminals. This elasticity reduces tension even in the presence of misalignments, contributing to the prevention of such faults. Consequently, these distinctive attributes of floating connectors are poised to drive significant growth within the board-to-board floating connectors market throughout the forecast period.

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Report Scope

Board-to-board (BtoB) Floating Connectors Market: Segmentation Analysis

The global landscape of the Board-to-board (BtoB) Floating Connectors industry is segmented based on type, application, and region.

In terms of type classification, the worldwide market is categorized into XY±0.5mm, XY±0.4mm, XY±0.85mm, XY±1.0mm, and Others. Notably, the XY±0.5mm segment is poised to assert dominance throughout the forecast period. This segment's ascendancy is rooted in its versatile applications across diverse industries, encompassing automotive, telecommunication, medical, aerospace & defense, and others. The deployment of BtoB floating connectors with an XY tolerance of 0.5mm is pivotal within the automotive realm, where they find utility in electronic modules such as infotainment systems, ADAS (Advanced Driver Assistance Systems), and electronic control units (ECUs). Impervious to the rigors of vehicular conditions including vibrations and thermal fluctuations, these connectors ensure steadfast connectivity. Furthermore, telecommunication equipment mandates connections of exceptional precision and stability. For the unswerving operation of base stations, routers, and networking apparatus, BtoB floating connectors boasting an XY tolerance of 0.5mm are instrumental. The exigencies of the medical sector also demand unwavering precision and reliability. Within imaging equipment, patient monitoring systems, and diagnostic instruments, the application of BtoB floating connectors with XY 0.5mm tolerance is indispensable. Consequently, the proliferation of this segment is anticipated to thrive over the forecast period.

Turning to the application facet, the global Board-to-board (BtoB) Floating Connectors industry is bifurcated into industrial and instrumentation, automobile industry, consumer electronics, medical equipment, semiconductor equipment/machines, factory automation, and others. Forecasts indicate that the automobile segment is poised to command the lion's share of the market during the forecast period. This dominance is attributed to the pervasive utilization of floating connectors within the automobile sector, particularly in areas such as infotainment systems, ADAS, and ECUs. Contemporary vehicles increasingly incorporate sophisticated infotainment systems amalgamating entertainment, navigation, connectivity, and other functionalities. Crucially, BtoB floating connections play a pivotal role in interconnecting components like the head unit, display, audio module, and control buttons within these systems. Additionally, the rapid integration of ADAS technologies necessitates seamless connections for a myriad of sensors and cameras, encompassing functions such as lane departure warning, adaptive cruise control, and collision avoidance systems. These pivotal components seamlessly interface with the primary ADAS control unit via BtoB floating connectors. Hence, the anticipated growth trajectory of this segment is pronounced over the forecast period.

The global Board-to-board (BtoB) Floating Connectors market is segmented as follows:

By Type

• XY±0.5mm
• XY±0.4mm
• XY±0.85mm
• XY±1.0mm
• Others

By Application

• Industrial and Instrumentation
• Automobile Industry
• Consumer Electronics
• Medical Equipment
• Semiconductor Equipment/Machines
• Factory Automation
• Others

Browse the full “Board-To-Board (BtoB) Floating Connectors Market By Type (XY±0.5mm, XY±0.4mm, XY±0.85mm, XY±1.0mm, And Others), By Application (Industrial & Instrumentation, Automobile Industry, Consumer Electronics, Medical Equipment, Semiconductor Equipment/Machines, Factory Automation, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/board-to-board-btob-floating-connectors-market

Competitive Landscape

Some of the main competitors dominating the global Board-to-board (BtoB) Floating Connectors market include - 

• Amphenol
• Hirose Electric
• IRISO Electronics
• Greenconn Technology
• Molex
• Kyocera
• Samtec
• KEL Corporation
• JAE
• Yamaichi
• Jinling Electronics
• DDK Ltd
• ShenTai WeiXiang Electronics
• CSCONN Corporation

Key Insights from Primary Research:

• As per the analysis shared by our research analyst, the global Board-to-board (BtoB) Floating Connectors market is estimated to grow annually at a CAGR of around 8.5% over the forecast period (2023-2030).
• In terms of revenue, the global Board-to-board (BtoB) Floating Connectors market size was valued at around USD 725 million in 2022 and is projected to reach USD 1392 million, by 2030.
• The growing automotive and consumer electronics industry is expected to drive the board-to-board floating connectors market growth over the forecast period.
• Based on the type, the XY±0.5mm segment is expected to dominate the market during the forecast period.
• Based on the application, the automobile segment is expected to hold the largest market share over the forecast period.
• Based on region, the Asia Pacific is expected to hold the largest market share over the forecast period.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Board-to-board (BtoB) Floating Connectors industry?
• What are the main driving factors propelling the Board-to-board (BtoB) Floating Connectors Market forward?
• What are the leading companies in the Board-to-board (BtoB) Floating Connectors Industry?
• What segments does the Board-to-board (BtoB) Floating Connectors Market cover?
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• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Type, By Application, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis/ Dominance:

Anticipated over the projected timeframe, the Asia Pacific region is poised to dominate the global board-to-board floating connectors market share. This regional ascension is driven by the burgeoning consumer electronics and automotive sectors. Prominent nations such as India and China play a pivotal role in these industries, thus propelling market expansion. A striking example is the surge in industrial robot technology installations in China, with a 27% increase as reported by the International Federation of Robots. Forecasts predict a further 75% growth by 2019. China's projected achievement of approximately 150 robots per 10,000 human employees by 2021 is set to bolster automation in the consumer electronics domain. Likewise, the Ministry of Industry and Information Technology's data reveals a 7.1% upsurge in vehicle sales in 2021, totaling around 26 million units, of which 21.48 million are passenger cars. These compelling factors synergize to fuel revenue expansion within the region.

Conversely, North America is poised to command a substantial market share throughout the forecast period. The proliferation of telecommunication networks and data centers underscores the demand for high-speed and dependable connectors across the region. Notably, a secondary analysis underscores that by 2025, improvements in network infrastructure could augment the United States' GDP by up to 1.5 trillion dollars. The adoption of 5G technology is anticipated to contribute significantly to California's economy, generating around 253 billion dollars and creating up to 2.39 million jobs. Similar positive projections extend to New York and Texas, with expected contributions exceeding 130 billion dollars. These statistics robustly bolster the region's market growth prospects.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Board-to-board (BtoB) Floating Connectors Market: Prospects

 The burgeoning automotive sector is poised to present a compelling avenue for potential market expansion during the projected period. These connectors find diverse applications within vehicles, including GPS, infotainment, and wireless modules. The introduction of innovative floating board-to-board connectors, which enhance the overall reliability, performance, and durability of automobile electronics, is gradually supplanting conventional board-to-board connectors. A case in point is the data from the Society of Indian Automobile Manufacturers, revealing that the total number of passenger vehicles sold surged from 30,69,523 to 38,90,114. Notably, the sales figures for Passenger Cars escalated from 14,67,039 to 17,47,376, Utility Vehicles from 14,89,219 to 20,03,718, and Vans from 1,13,265 to 1,39,020 units in FY-2022–23, showcasing substantial growth. The commercial vehicle segment also displayed a notable upswing, with sales rising from 7,16,566 to 9,62,468 units. Within this segment, Light Commercial Vehicles observed a rise from 4,75,989 to 6,03,465 units, while Medium and Heavy Commercial Vehicles saw an increase from 2,40,577 to 3,59,003 units, as compared to the preceding year. Evidently, these pertinent insights lend robust support to the anticipated growth of the board-to-board floating connectors market throughout the analytical timeframe.

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