EV Connector Market Size, Share, Growth & Forecast 2030
The global EV connector market is projected to grow from USD 2.0 billion in 2023 to USD 10.9 billion by 2030, registering a CAGR of 27.1%.
EV connectors for high-voltage systems and need of miniaturization, weight reduction, and high-performance materials, and a surge in data transmission and complex systems for ADAS, battery management, vehicle lighting and autonomous driving, demanding high-bandwidth...
EV Connectors Market Analysis with Ongoing Trends & Market Revenue
Favorable government policies and support in terms of subsidies and grants, tax rebates for EVs and EV charging infrastructure would drive the growth of EV charging stations. Thus, EV connectors market would grow subsequently by 2025.
The Global EV Connectors Market shows significant projected growth at a CAGR of 18.44% from USD 30 million in 2018 to reach USD 98 million by 2025.
EV connectors act...