Identifying the top 10 connector suppliers globally can be more challenging than one might imagine. The answer depends on how one defines the top ten. For instance, top in terms of sales revenue? Top in each geographic region? Top in each product category? Or top in terms of market service? This time, we’ve pinpointed the top ten based on total global sales revenue.
Design engineers and procurement professionals must determine the best connector companies to meet their design and purchasing requirements. However, determining the best companies isn’t easy. The following questions are crucial:
- Which companies provide the products and services we need? Which ones offer fast delivery, reasonable prices, and excellent quality?
- Which companies are the easiest to work with?
- When issues arise, which companies can we rely on? Are these companies willing to collaborate?
The answers to these questions are not readily apparent. Navigating through hundreds of connector companies in the industry requires hands-on experience and time. Insight into which companies to include in your supply chain is gained only through collaboration. But first, you need to narrow down the options.
Selecting Connector Suppliers
Reviewing nearly 1500 companies in the connector industry is nearly impossible. A process must be established to first determine which companies are worth a closer look. A good starting point is to examine the largest companies by sales. Typically, large companies succeed because they offer good service, high-quality products, reasonable prices, and have a global presence. In essence, customers have already rewarded them for their performance. We believe using different definitions to identify the top 10 companies is a logical starting point for determining the best connector suppliers.
Top 10 Connector Manufacturers by Global Sales Revenue in 2022
Each year, Bishop & Associates comprehensively examines the intricacies of the connector industry, evaluating the activities of over 750 connector suppliers in the past year and decade to gain a broad understanding of the industry and identify top companies. The top 100 connector manufacturers globally in 2022 had shipments totalling $70.049 billion, accounting for 83.3% of the global connector market, up from 83.1% in 2021. The connector industry in 2022 had shipments totalling $14.042 billion, accounting for 14.3% of the total market.
Zeroing in on the top, we find that the world’s top ten connector manufacturers had shipments totalling $45.142 billion in 2022. This represents a growth of +8.4% compared to shipments of $41.564 billion in 2021. Four of the top ten manufacturers are located in North America, three in Japan, two in China, and one in Europe.
The table below lists the top 10 connector manufacturers based on global connector sales revenue. 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% |
