The North America Contactless Connector Market would witness market growth of 16.8% CAGR during the forecast period (2023-2030).
The US market dominated the North America Contactless Connector Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $161,839.5 Thousands by 2030. The Canada market is experiencing a CAGR of 19.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 18.4% during (2023 - 2030).
The automotive industry's shift towards electric vehicles has driven the adoption of these connectors for wireless charging solutions. As the demand for EVs continues to grow, the automotive sector plays a crucial role in fostering the adoption of these connectors in mainstream applications.
In the healthcare sector, the emphasis on hygiene and infection control has accelerated the adoption of these connectors. Medical devices integrate contactless connectivity solutions to minimize the risk of contamination and enhance patient safety, driving their adoption in critical healthcare applications. With the rise of smart home ecosystems, these connectors simplify the setup and interconnectivity of smart devices within homes. Consumers appreciate the ease of use and seamless integration that these connectors bring to smart home applications, contributing to their adoption in this rapidly growing market segment.
According to the International Trade Administration (ITA), in 2020, Canada's aerospace sector generated revenues of US$17 billion, making it one of the largest in the world. 2020, the Canadian defense industry generated around US$7.12 billion in GDP. The aerospace and defense industry demands highly reliable and robust connectivity solutions to ensure seamless communication in critical applications in Canada. The defense sector greatly emphasizes security and data protection in Canada. These connectors, particularly those utilizing advanced encryption and secure communication protocols, enhance the security of data transmission in Canada. Hence, the factors mentioned above will drive the regional market growth.
Free Valuable Insights: The Contactless Connector Market is Predict to reach USD 579.1 Million by 2030, at a CAGR of 17.5%
Based on Product Type, the market is segmented into Wireless Charging Connectors and Wireless Data Transfer Connectors. Based on Technology, the market is segmented into Radio Frequency, Inductive Coupling, and Magnetic Field. Based on Vertical, the market is segmented into Consumer Electronics, Automotive, Healthcare, and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Product Type
By Technology
By Vertical
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
