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Connector Industry Achieves Double-Digit Growth

19.8.2025
Reading Time: 4 mins read
A A

Connector industry achieves double-digit growth according to the recent article by Ron Bishop, Bishop & Associates Inc., published by TTI Market Eye.

The connector industry is experiencing strong demand, with double-digit growth in orders and sales for the first half of 2025. Sales are projected to grow by 7.9% for the year, with potential for higher growth based on historical trends. The forecast indicates a possible sales growth range of 5.1% to 18.0% for 2025.

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Connector demand is very strong as verified by double-digit growth in the past three months. In fact, both orders and sales have achieved year-over-year growth in every month in 2025.

The following table displays connector industries orders and sales growth by month.  

World Connector Results Percentage Change

MonthBookingsBillings
January7.7%2.1%
February5.3%7.6%
March12.4%7.0%
April10.8%10.4%
May8.8%15.7%
June14.5%16.3%
Year-to-Date9.0%10.0%

Note: The numbers may vary slightly from those previously published in 2025 Bishop Reports because of adjustments from participating companies.

These results are very encouraging, especially because demand appears to be strengthening.

In the second quarter of 2025, the connector industry achieved sales of $23,950, up 13.8% in U.S. dollars compared to 2Q24. We anticipate the third quarter to be up 6.9% and the fourth quarter to be up 4.8%, leading to year-over-year growth of 7.9%.

The following table shows industry sales by quarter for 2023, 2024 and 2025.  

Connector Industry Quarterly Sales Results/Forecast
2023, 2024 and 2025

QuarterYOY Change
1Q6.1%
2Q13.8%
3Q6.9%
4Q4.8%
Total7.9%
$ Millions, Red = Forecast

You will note that Bishop’s full year forecast is growth of 7.9%. To achieve that level of sales, the third and fourth quarters would have to soften from the current level of demand. This leads us to believe that our forecast may be a bit conservative.

2025 Outlook: Historical Analysis

Over the past 15 years (2010-2024), sales through June averaged 48.5% of full-year sales. We have shipped $46,537 million through June. If history repeats, 2025 sales will be $95,953 million, up 11.0% over 2024 sales of $86,478 million.

Using this methodology, we can calculate a range of possible outcomes in 2025. Over the same 15-year period, the lowest June percentage of sales was 45.6% and the highest was 51.2%. As previously noted, the average was 48.5%.

RangeYTD 15-Year
Percent of Total
2025 Sales2024 ActualPercent
Growth
Low45.6%$102,055$86,47818.0%
Average48.5%$95,953$86,47811.0%
Bishop49.9%$93,275$86,4787.9%
High51.2%$90,893$86,4785.1%
$ Millions

This analysis projects a possible sales growth range of 18.0% to a low of 5.1%. Year-to-date, sales are up 9.9% – further evidence that our forecast may be conservative.

The following table breaks out the Bishop forecast by region.

2023, 2024 and 2025F Connector Sales by Region with Percent Change

Region20232024Percent
Change
2025FPercent
Change
North America$18,840$20,124.76.8%$21,713.97.9%
Europe$17,992.7$17,417.3-3.2%$17,934.53.0%
Japan$4,683.7$4,035.8-13.8%$4,124.92.2%
China$24,977.1$28,003.512.1%$31,020.810.8%
Asia Pacific$11,310.0$13,483.519.2%$14,978.611.1%
ROW$4,049.8$3,412.9-15.7%$3,502.62.6%
Total World$81,854.1$86,477.75.6%$93,275.37.9%
$ in MillionsBishop & Associates ©2025

 Source: TTI Market Eye / Bishop & Associates Inc.,

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Source: Bishop Inc., TTI Market Eye

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