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EV Connector Market worth $10.9 billion by 2030 – Exclusive Report by MarketsandMarkets™

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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%, according to a new report by MarketsandMarkets. 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 and low-latency EV connectors. Electric vehicles (EVs) are rapidly using advanced driver-assistance systems (ADAS) and autonomous driving technologies, which require connectors to handle the massive data flow. This gives connector manufacturers even more chances to advance technologically and meet the constantly changing demands of the electric revolution.
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Browse in-depth TOC on “EV Connector Market“.
275 – Tables66 – Figures       289 – Pages
EV Connector Market Scope:

Report Coverage

Details

Market Size

USD 10.9 billion by 2030

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Growth Rate

CAGR of 27.1%

Largest Market

Asia Pacific

Market Dynamics

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Drivers, Restraints, Opportunities & Challenges

Forecast Period

2023-2030

Forecast Units

Value (USD billion)

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Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By System Type (Sealed, Unsealed), Application (ADAS and Safety, Battery Management System, Body Control and Interiors), Propulsion (BEV, PHEV, FCEV), Voltage, Connection Type, Component and Region – Global Forecast to 2030

Geographies Covered

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Asia Pacific, Europe, and North America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Growing incorporation of Electrical/Electronic (E/E) architecture

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Key Market Drivers

Advancements in infotainment systems and in-vehicle connectivity

“Engine management and powertrain application is expected to show a significant growth rate during the forecast period.”
The engine management and power train segment is projected to register a CAGR of 24.3% during the forecast period. The engine management system in a PHEV is responsible for controlling the operation of the engine, including the ignition, fuel injection, and emissions control systems. The engine management system also coordinates the engine’s operation with the electric motor and battery to provide optimal performance and efficiency. The powertrain in a PHEV typically consists of an internal combustion engine (ICE), an electric motor, and a battery. The ICE and electric motor are connected to the transmission, which drives the wheels. A PHEV’s engine management system and powertrain are designed to work together to provide optimal performance and efficiency. High-voltage battery connectors transmit high-voltage DC power from the battery pack to the electric motor and other high-voltage components. Fuel injector and spark plug Connectors deliver fuel and ignition signals to the engine cylinders, ensuring proper combustion. ECU connectors transmit data from various engine sensors to the ECU, allowing it to monitor and control engine performance. Power Control Unit (PCU) connectors transmit data from the electric motor and battery to the PCU, allowing it to manage the electric powertrain system.
“Board – to – Board connection system to hold largest market share during the forecast period.”
Board-to-board connectors play a critical role in high-end applications within electric vehicles (EVs), contributing to advanced electronic systems’ overall performance, reliability, and functionality. In high-end EV applications, these connectors are essential for high-speed data transmission, battery management systems for high-capacity batteries, complex sensor networks for autonomous driving, high-resolution displays, infotainment systems and others. Board-to-board connectors dominate within electronic modules due to their compact size and ease of integration. The trend is towards miniaturization and increased integration, which could lead to higher adoption of board-to-board connectors in near future.  Also, the inclination of users toward high-tech applications OEMs are offering advanced applications such as human machine interface (HMI), airbag control, adaptive cruise control, and auto-park assist, which creates the demand for connectors to be used in new automotive systems. OEMs such as BMW (Germany), Audi (Germany), Mercedes-Benz (Germany), and Volkswagen AG (Germany) offer this high-end application in their vehicle models such as BMW iX, Audi e-tron GT, Mercedes-Benz EQC and Volkswagen ID.4 among others. All such high-end application requires to be connected by board – to – board connection. Thus, growing demand for high-end applications is estimated to drive the EV connector industry. With the changing demands of passengers and OEMs, new and advanced applications are expected to penetrate the market.
“North America will be the prominent growing market for EV connectors during the forecast period.”
North America is a regional hub for many renowned OEMs delivering quality, high-performance vehicles. In North America, OEMs like Tesla and GM focus on developing cleaner, faster, and high-performance electric vehicles. Nissan, BMW, Volkswagen, and Daimler are the leading OEMs in the US that have launched electric vehicles in the region. The top-selling electric vehicles in the US are Chevy Volt, Tesla Model S, Nissan Leaf, and Ford Fusion Energy PHEV. Along with OEMS, EV connector manufacturers such as TE Connectivity (Switzerland), Amphenol (US), Samtec (US), and Huber+Suhner (Switzerland), among others, are present in the Region. Various services offered by electric vehicle infrastructure providers have increased the adoption rate of electric vehicles in US. Tesla, Ford Motors, and General Motors have included some ADAS features as standard in their EVs. For instance, Tesla Model 3 & Model Y offer ADAS features such as adaptive cruise control, lane centering, and automatic lane changes. Additionally, in July 2022, Cadillac Lyriq a luxurious SUV by General Motors was launched with super cruise system, which allows hands-free driving on mapped highways. It also features a high-resolution, curved OLED display spanning the instrument cluster and infotainment system for an immersive driving experience. The EV connector market growth in North America is expected to be significant due to the rise in EV sales and connectivity-based applications, including autonomous driving, connected services, ADAS, high-end infotainment, and powertrain solutions. As technology becomes more widely available and affordable, more consumers in this region purchase vehicles with ADAS features. This has led to a rise in demand for these systems and an increase in the number of electric vehicles equipped with ADAS. Thus, the demand for EV connectors will also increase with the rising sales of EVs, increased adaptation of ADAS, high-end infotainment, and powertrain solutions.
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Key Market Players:
The major players in EV Connector Companies include TE Connectivity Ltd. (Switzerland), Aptiv PLC (Ireland), Yazaki Corporation (Japan), Molex LLC (US), and Sumitomo Electric Industries Ltd. (Japan).
Recent Developments

In November 2023, Japan Aviation Electronics Industry, Ltd. released the MX81 Series, a non-waterproof compact connector for in-vehicle electronic devices such as ECUs, lighting, sensors, and other in-vehicle applications.
In September 2023, Yazaki Corporation (Yazaki) announced that Yazaki Egypt had purchased an area of 67,000 square meters in the Fayoum investment-free zone to expand the production of wire harnesses and electrical systems.
In August 2023, Sumitomo Electric Wiring Systems announced investing approximately USD 10.0 million in manufacturing harnesses, becoming the first tier 1 automotive company to establish operations in Tabasco, Mexico.
In April 2023, Hirose Electric Co., Ltd. and TraceParts partnered to release more than 10,000 ready-to-use 3D models for Hirose’s PCB mountable connectors.
In March 2023, KYOCERA AVX added new four- and five-position models to its 9176-700 Series of IDC connectors for 18–24AWG wire, designed to fulfill the demand requirements of automotive, transportation, industrial, lighting, and medical applications.

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Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting
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EV Charging Cable Market – Global Forecast to 2030
EV Charging Connector Market – Global Forecast to 2025
EV Cables Market – Global Forecast to 2028
EV Charging Station Market – Global Forecast to 2027
The post EV Connector Market worth $10.9 billion by 2030 – Exclusive Report by MarketsandMarkets™ appeared first on HIPTHER Alerts.

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Prime Minister concludes successful visit from President of France to Canada

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The Prime Minister, Justin Trudeau, welcomed the President of France, Emmanuel Macron, to Canada from September 25 to 26, 2024. With stops in Ottawa, Ontario, and Montréal, Quebec, the visit helped further strengthen the close ties between our countries and advance our shared priorities.
The leaders announced three key declarations that will align Canada and France’s work to preserve peace and security, take ambitious climate action, protect the environment, and responsibly harness the full potential of artificial intelligence (AI).
The first of these three declarations, the Canada-France Declaration on a Stronger Defence and Security Partnership, underscores Canada and France’s steadfast commitment to supporting Ukraine in the face of Russia’s illegal invasion. It also reaffirms our contributions to regional stability and security in the Indo-Pacific and reflects our co-operation in managing emergencies, modernizing our armed forces, and combatting foreign interference.
The two leaders discussed shared, ongoing work to respond to the humanitarian situation in Haiti and reiterated their support for the United Nations-authorized Multinational Security Support mission in the country. Canada and France are in steadfast support of Haitian-led solutions to the conflict that will make a meaningful and lasting difference in the lives of the Haitian people – and build a better future.
Building on the progress made at the United Nations General Assembly and the Summit of the Future earlier this week, Prime Minister Trudeau and President Macron highlighted the critical importance of continued action to fight climate change and protect our oceans. In the Canada-France Declaration on the Ocean, the leaders underlined the vital role that oceans play for the environment, the climate, the economy, and food and energy security throughout the world. To advance our work, Prime Minister Trudeau announced Canada’s membership in the Paris Pact for People and the Planet. The Pact, led by France and in partnership with global leaders, emphasizes collective action to accelerate sustainable development and create opportunities to help lift vulnerable populations out of poverty.
During the visit, the Prime Minister and the President met with AI experts, entrepreneurs, and industry leaders to discuss the risks and benefits of this new technology. Canada and France have world-leading AI ecosystems, including leadership roles in the Global Partnership on Artificial Intelligence (GPAI), which has 29 members worldwide. A testament to our progress in growing a dynamic AI industry, GPAI’s first two centres of expertise opened in Canada and France. Moving forward on this work, the Prime Minister and the President announced the Canada-France Declaration on Artificial Intelligence. The Declaration reiterates our countries’ commitment to a safe use of AI that respects human rights and democratic values.
During President Macron’s visit, Canada was also named Country of the Year for the Viva Technology 2025 technology conference, which will be held in Paris next year. At this event, Canada’s delegation will collaborate with the international community and meet with thousands of visionary start-ups, investors, organizations, and researchers to leverage advances in AI to strengthen our economy, increase productivity, and create new opportunities for Canadians. SCALE AI, Canada’s Global Innovation Cluster dedicated to AI, will lead Canada’s business delegation.
Prime Minister Trudeau and President Macron reaffirmed their commitment to promoting the French language and La Francophonie’s institutions ahead of the next Sommet de la Francophonie, which will be held in Villers-Cotterêts and Paris, France, on October 4 and 5, 2024. They also renewed their commitment to strengthening strategic coordination in preparation for the successive G7 Presidencies that Canada and France will hold, in 2025 and 2026 respectively.
Quote“Canada and France’s relationship is built on shared history, a common language, and democratic values. President Macron’s visit to Canada is a testament to the enduring friendship between our two countries, and with the progress we have made over this visit, we will move forward to build a fairer and more prosperous future for our peoples.”— The Rt. Hon. Justin Trudeau, Prime Minister of Canada
Quick Facts

This was President Macron’s second visit to Canada. It followed both leaders’ participation in the United Nations General Assembly and Summit of the Future in New York City, United States of America.
As a permanent member of the United Nations Security Council, the North Atlantic Treaty Organization (NATO), the G7 and the G20, a founding member of the European Union, and a key partner in the Organisation internationale de la Francophonie, France is a key ally for Canada on the international stage.
In 2023, France was Canada’s third largest merchandise export market in the European Union, and its 12th largest trade partner globally, with two-way merchandise trade totalling $12.9 billion.
That same year, Canadian exports to France amounted to $4.3 billion, while imports from France totalled $8.7 billion.
In France, Canada is represented by an embassy in Paris and consulates in Lyon, Nice, and Toulouse. France is represented in Canada by its embassy in Ottawa and consulates in Vancouver, Toronto, Montréal, Québec, and Moncton.

Related Products

Joint statement by Prime Minister Trudeau and President Macron
Canada-France Declaration on a Stronger Defence and Security Partnership
Canada-France Declaration on the Ocean
Canada-France Declaration on Artificial Intelligence

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Relativity Spotlights Legal Industry Leaders at the 2024 Innovation Awards

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Relativity, a global legal technology company, today announced the winners of this year’s Innovation Awards at Relativity Fest. The Innovation Awards celebrate the trailblazing individuals and teams building custom solutions, empowering their peers and forging new paths to improve the legal industry and its communities.
“Another year of the Innovation Awards signals another opportunity to celebrate our community’s dedication to making a positive impact– whether that be through developing new solutions, providing excellent customer service, or elevating and advocating for their peers in the legal industry,” said Laurie Usewicz, Chief Partner Officer at Relativity. “This year’s winners exemplify the impassioned and innovative spirit that makes the future of our industry a bright one.”
The winners hail from, or work directly with law firms, financial institutions and consultant management companies large and small, private and public. Through a combined process of a judging committee and a community vote, Best Innovation winners are selected based on how they’ve leveraged the Relativity application programming interfaces in creative ways to solve Relativity’s customers’ most unique challenges.
In addition to the standard six individual and two Best Innovation awards, a new Best Innovation category was added for this year, Developer Partner. This award recognizes solutions created by Relativity’s independent software vendor (ISV) community that are offered directly to customers. Eligibility is restricted to solutions that are not owned by an Enterprise or Solution, Advisor, or Provider Partner.
The 2024 Innovation Awards winners are:

Artificial Intelligence: Ben Sexton, Vice President, JND eDiscovery
Customer Experience: Jenna Rooney, Director, Client Services, Arete Incident Response
Education & Mentorship: Deedra Smith, Managing Director, FTI Consulting
Inclusion: Vazantha Meyers, Vice President, Discovery Services, Haystack ID
Security: Jenna Rooney, Director, Client Services, Arete Incident Response
Stellar Women: Stephanie L. Goutos, Lead Practice Innovation Attorney, Gunderson Dettmer
Best Innovation: Developer Partner: Redaction Suggestions in Blackout by Milyli
Best Innovation: Enterprise: Flywheel by Troutman Pepper eMerge
Best Innovation: Partner: GenAI Toolbox by EY Switzerland

Each of the award winners above exemplify what it means to be a changemaker at the individual, organizational and industry levels. All award winners are determined by a combination of Relativity judging committees unique to each category and a community vote.
Relativity congratulates all submissions for the innovative work delivered this past year.
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MC Digital Realty wins Frost & Sullivan’s 2024 Japan Data Center Services Company of the Year Award

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Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, today announced that MC Digital Realty: A Mitsubishi Corporation and Digital Realty Company, has been awarded Frost & Sullivan’s 2024 Company of the Year award for Japan’s data center services industry.
MC Digital Realty is at the forefront of the market, delivering advanced technologies and strategic investments that provide Japanese businesses with secure, innovative, and sustainable infrastructure that enables artificial intelligence (AI) innovation.
MC Digital Realty’s state-of-the-art data centers are optimized for AI, offer the necessary flexibility and scalability for intensive model training and real-time inferencing, and provide advanced liquid cooling systems that ensure optimal performance for demanding AI tasks. Demonstrating its commitment to sustainability, MC Digital Realty leverages its relationship with Mitsubishi Corporation to prioritize energy efficiency, matching electricity usage in its colocation data halls with 100% renewable energy to minimize its carbon footprint.
Frost & Sullivan also recognized MC Digital Realty’s operational excellence. The company’s robust network of resilient data centers is strategically located in low-seismic regions and employs cutting-edge seismic isolation technology to protect its infrastructure, ensuring uninterrupted service and maximum reliability.
MC Digital Realty’s data centers also leverage the power of PlatformDIGITAL®, Digital Realty’s global data center platform. It provides customers access to a vast ecosystem of over 1,100 cloud and IT services, as well as 1,200 network services across 300+ data centers in 50+ metros worldwide.
“The company demonstrates a strong focus on the Japanese market through its continued investments. Strategic partnerships and innovations aligning with transforming customer expectations enable the service provider to achieve success in the country,” said Nishchal Khorana, Global Vice President of ICT at Frost & Sullivan.
Serene Nah, Digital Realty’s Managing Director and Head of Asia Pacific, said: “We are honored to receive the award and recognition from Frost & Sullivan, which validates MC Digital Realty’s commitment to serving partners and customers as they accelerate their AI innovation journeys in Japan. As AI continues to shape the future, Digital Realty remains committed to optimizing data center infrastructure for peak workload performance, and to meet the highest standards of innovation, while ensuring sustainability, security, and resilience.”
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