Bishop & Associates, a leading market research firm specializing in the electronic connector industry, presents in its TTI MarketEye article the world’s top 10 connector manufacturers ranked as per by global sales for 2024.
The findings highlight industry consolidation, regional shifts, and the continued dominance of TE Connectivity and Amphenol.
Key Findings
- The top 10 connector manufacturers accounted for $46.0 billion in sales, representing 53.2% of the worldwide connector market.
- TE Connectivity maintained its #1 position with $12.88 billion in sales, followed closely by Amphenol at $11.51 billion.
- Molex ranked third with $4.87 billion, while Aptiv, Foxconn (FIT), Luxshare Precision, Yazaki, Rosenberger, BizLink, and JAE completed the top 10.
- Four of the top 10 companies are based in North America, with others headquartered in Japan, China, Asia Pacific, and Europe.
- Total worldwide connector shipments reached $86.48 billion in 2024.
2024 Top 10 Connector Manufacturers by World Sales
| Rank | Manufacturer | 2023 Sales (USD M) | 2024 Sales (USD M) | % Change |
|---|---|---|---|---|
| 1 | TE Connectivity | 12,748.7 | 12,884.0 | +1.1% |
| 2 | Amphenol | 9,696.2 | 11,510.7 | +18.7% |
| 3 | Molex | 4,641.0 | 4,871.5 | +5.0% |
| 4 | Aptiv | 4,716.4 | 4,636.5 | -1.7% |
| 5 | Foxconn (FIT) | 2,546.9 | 2,950.2 | +15.8% |
| 6 | Luxshare Precision | 2,337.5 | 2,642.8 | +13.1% |
| 7 | Yazaki | 2,173.4 | 2,214.1 | +1.9% |
| 8 | Rosenberger | 1,686.4 | 1,749.9 | +3.8% |
| 9 | BizLink Technology Inc. | 1,140.4 | 1,302.7 | +14.2% |
| 10 | JAE | 1,369.0 | 1,262.7 | -7.8% |
Industry Context
Over the past four decades, the connector industry has undergone significant consolidation. TE Connectivity, originally AMP and later Tyco Electronics, has consistently held the top position since 1980. Amphenol and Molex have alternated between second and third place, with Amphenol rapidly closing the gap on TE Connectivity. Regional representation has also shifted: while all top 10 companies were North American in 1980, today the list includes leaders from Asia and Europe, reflecting globalization of the connector market.