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If you think finding the Top 10 Connector suppliers globally is easy, you would be wrong. Well… It all depends on what you mean by the top ten. Like that being number one in the gross (i.e., most sales revenue?) Best in your area? Top in each product category? Well, highest in housing service or what? But this time, we narrowed it down to the top ten revenue-generating global titles.
Design engineers and procurement decision-makers must decide which connector companies fit their design needs best while also considering purchasing trends for connectors. So, finding good companies is not simple. Here are the essential questions to contemplate:
- What material do we want, and who sells it? But the question is: Which one provides quick delivery, fair pricing, and good quality?
- What Are The Most Benign Companies?
- Which companies can you trust when matters go wrong? Do these companies agree to work together?
These questions can be answered, but the answers are not obvious. Navigating the industry’s hundreds of connector companies requires real hands-on experience, not just a little time. Collaboration is the only way to obtain a glimpse of the companies that should be included in your supply chain. But liability alone requires more focused attention.
Selecting Connector Suppliers
A 3-part review of nearly 1500 companies in the connector industry is just about impossible, so we have narrowed down and highlighted some groups for you to check out. You must create a system to identify the companies you should dive into first. A solid approach would be to look at the most prominent firms when measured by revenues. Big businesses do well because they provide good customer service, sell great products at low prices and market globally. Effectively, they already had been rewarded by their customers for good performance. This is a good old way of picking Occam’s razor to determine the best connector suppliers, starting with having different definitions for what constitutes the top 10 companies.
Top 10 Connector Manufacturers by Global Sales Revenue in 2022
Each year, Bishop & Associates takes an in-depth look at the connector industry by assessing the performance of more than 750 suppliers over the present and past years to provide perspective on this vast market segment while seeking consolidation that drives otherwise leading companies. In 2022, the top 100 connector manufacturers worldwide accounted for 70.049 billion dollars in annual shipments, which translates to an astounding market share of over 83.3%, slightly up from last year’s record-setting number (83.1%). In 2022, the connector industry shipped over 14.042 billion dollars worth of products, accounting for just under 14.3% of the overall market (chart A).
At the top of our list, we can also note that there are the world’s top 10 connector manufacturers, followed by total shipments in 2022 of $45.142 billion. Shipment value totaled $45.070 billion in 2022, +8.4 percent growth compared to $41.564 billion in 2021. Half of the ten manufacturers in question are based or have their headquarters (BMW) outside North America, while Japan and China account for three apiece.
This table represents the Top 10 connector manufacturers by global sales. Please see the table below:
| 2022 Ranking | Manufacturers | 2021 sales | 2022 sales | Percentage change | Percentage market share |
|---|---|---|---|---|---|
| 1 | TE | US$12.019 billion | US$12.522 billion | 4.2% | 14.9% |
| 2 | Amphenol | US$8.605 billion | US$9.997 billion | 16.2% | 11.9% |
| 3 | Molex | US$4.711 billion | US$5.161 billion | 9.6% | 6.1% |
| 4 | Aptiv | US$3.797 billion | US$4.237 billion | 11.6% | 5.0% |
| 5 | Luxshare | US$2.52 billion | US$3.69 billion | 46.5% | 4.4% |
| 6 | Foxconn | US$3.128 billion | US$2.987 billion | -4.5% | 3.6% |
| 7 | Yazaki | US$2.063 billion | US$1.93 billion | -6.5% | 2.3% |
| 8 | Rosenberger | US$1.517 billion | US$1.641 billion | 8.1% | 2.0% |
| 9 | JAE | US$1.835 billion | US$1.578 billion | -14.0% | 1.9% |
| 10 | Hirose Electric | US$1.456 billion | US$1.395 billion | -4.2% | 1.7% |
| Top 10 Total | US$41.653 billion | US$45.147 billion | 8.4% | 53.7% | |
| All Others Total | US$36.337 billion | US$38.949 billion | 7.2% | 46.3% | |
| Worldwide | $77.79 billion | US$84.091 billion | 7.8% | 100.0% |
Sam Wu is the Marketing Manager at Romtronic, holding a degree in Mechatronics. With 12 years of experience in sales within the electronic wiring harness industry, he manages marketing efforts across Europe. An expert in cable assembly, wiring harnesses, and advanced connectivity solutions, Sam simplifies complex technologies, offering clear, actionable advice to help you confidently navigate your electrical projects.
