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Electric Vehicle (EV) Electrical Connector Market Size to Grow USD 12620 Million by 2030 at a CAGR of 5.1% | Valuates Reports

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BANGALORE, India, Oct. 3, 2024 /PRNewswire/ — EV Electrical Connector Market is Segmented by Type (Wire to Wire Connector, Wire to Board Connector, Board to Board Connector), by Application (Passenger Car, Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Electric Vehicle Electrical Connector Market was valued at USD 8914 Million in 2023 and is anticipated to reach USD 12620 Million by 2030, witnessing a CAGR of 5.1% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Electric Vehicle Electrical Connector Market:

The Electric Vehicle (EV) Electrical Connector Market is experiencing robust growth, fueled by the increasing global adoption of electric vehicles. EVs depend on sophisticated electrical systems for power management, making the demand for reliable, high-performance connectors more critical than ever. These connectors are vital for ensuring seamless connectivity between key components such as batteries, motors, and control units.

Market expansion is further supported by government incentives, stricter environmental regulations, and the growing development of EV charging networks.

Leading industry players are focusing on innovations in connector technologies, designed to handle higher voltages and current capacities while ensuring efficiency, durability, and safety.

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TRENDS INFLUENCING THE GROWTH OF THE EV ELECTRICAL CONNECTOR MARKET:

Wire-to-wire connectors play a crucial role in the growing electric vehicle (EV) market. These connectors facilitate efficient power distribution and signal transmission between electrical components within an EV, ensuring the seamless operation of essential systems such as battery management, powertrain control, and in-car infotainment. As EVs increase in complexity, the demand for reliable and efficient wire-to-wire connectors rises. This demand is driven by the need for enhanced performance, durability, and safety in electrical systems. The expanding EV market, coupled with technological improvements in connector designs, continues to boost the demand for wire-to-wire connectors in the industry.

Wire-to-board connectors are key components in EV electrical systems, connecting individual wires to printed circuit boards (PCBs) in crucial areas like control systems and battery management. These connectors help maintain signal integrity and power distribution, supporting the efficient functioning of various subsystems. As EVs continue to evolve, there’s an increased emphasis on lightweight and compact designs, which wire-to-board connectors support by offering compact solutions with high power capabilities. With the rise of advanced EV architectures, wire-to-board connectors are critical for ensuring optimal connectivity, further driving growth in the EV electrical connector market.

The growing adoption of electric passenger cars significantly drives the demand for EV electrical connectors. Passenger vehicles represent a large portion of the automotive market, and as governments and consumers increasingly prioritize sustainability, the shift toward electric alternatives accelerates. Electric passenger cars require highly reliable and efficient electrical connectors to ensure optimal power distribution, safety, and performance. With the rise of EV sales and stringent emissions regulations, manufacturers are investing in advanced electrical connector systems that enhance vehicle efficiency, further stimulating market growth in this segment.

Stringent government regulations and emission standards are major drivers in the electric vehicle electrical connector market. As global emissions regulations tighten, automotive manufacturers are being pushed to adopt electric vehicles to meet environmental targets. This shift increases the demand for reliable and efficient electrical connectors that can support high-voltage applications, ensuring the safe and efficient distribution of power. Government incentives and subsidies for EV adoption are further accelerating market growth, as manufacturers invest in innovative connector solutions to comply with evolving standards, thus driving the market forward.

Consumer demand for electric vehicles is steadily rising due to increasing awareness about environmental sustainability and the long-term cost savings associated with EVs. The growth of EV sales is directly linked to the expansion of the electric vehicle electrical connector market, as more vehicles require advanced electrical systems. Electric connectors are essential components in ensuring the safety, performance, and longevity of these vehicles. As EV production scales up to meet consumer demands, the need for robust, reliable connectors grows, leading to further expansion in the connector market.

The expansion of EV charging infrastructure globally is another critical factor driving the electric vehicle electrical connector market. As more charging stations are developed to meet the needs of a growing EV fleet, the demand for reliable and high-performance connectors capable of handling high-power transmission increases. Connectors used in charging stations must ensure safe and efficient power delivery. This growing infrastructure investment in charging facilities, coupled with advancements in fast-charging technology, is boosting the demand for robust electrical connectors.

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EV ELECTRICAL CONNECTOR MARKET SHARE:

The electric vehicle electrical connector market shows significant regional variation, with the Asia-Pacific region leading in market share due to the rapid adoption of EVs in countries like China, Japan, and South Korea. These nations have strong government support for EV production and adoption, along with a well-established supply chain for electrical components. Europe and North America are also key markets, driven by stringent emission regulations and consumer demand for greener transportation solutions. These regions are witnessing substantial growth in EV production, further propelling the demand for electrical connectors in the market.

Key Companies:

MolexSumitomoJAEKETRosenbergerLUXSHARETE ConnectivityYazakiJSTDelphiAmphenol

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Automotive Battery Management System Market revenue was USD 2869.1 Million in 2022 and is forecast to a readjusted size of USD 12630 Million by 2029 with a CAGR of 22.3% during the forecast period (2023-2029).

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Technology

Pixelworks Empowers iQOO Z9 Turbo L Smartphone to Deliver a Flagship Visual Display Experience

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Expanded Frame Rate Capability and Enriched Visual Effect Options Offer Compelling yet Affordable Visual Quality Upgrades

SHANGHAI, Dec. 26, 2024 /PRNewswire/ — Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of visual processing solutions, announced that the newly released iQOO Z9 Turbo L smartphone is equipped with Pixelworks’ X5 Turbo visual processor. The integration solution provides targeted frame rate optimization for multiple popular mobile games, extending the play time for high-frame-rate gaming while utilizing lower power. Additionally, the solution enables multiple gaming filter modes for display enhancement, further enriching the visual experience for players. The smartphone also supports high-frame-rate modes for several video apps, which elevate the immersive video experience for consumers.

Powered by the Snapdragon® 8s Gen 3 mobile platform from Qualcomm Technologies, Inc., the iQOO Z9 Turbo L features a 6,400mAh ultra-thin BlueCell battery with support for 80W fast charging. In terms of display, the device sports a 6.78-inch 1.5K OLED screen with a refresh rate of up to 144Hz. With the adoption of Pixelworks’ X5 Turbo visual processor featuring distributed rendering architecture, the smartphone is able to better allocate processing resources to deliver extended play time of high-frame-rate games, enriched picture quality of low-frame-rate games and a more immersive video experience.

Specific to the gaming experience, the smartphone supports both frame rate improvement and power-saving modes. For games with high native frame rate, the Pixelworks X5 Turbo visual processor reduces unnecessary power consumption by offloading intensive rendering from the GPU, contributing to extended play time while maintaining optimal visual quality. For games with a lower native frame rate, the X5 Turbo dynamically boosts displayed frame rate of games to match the higher refresh rate capabilities of the smartphone’s display, enabling a smoother and more immersive experience at low power. Further enriching the visual enjoyment for mobile gaming , Pixelworks’ solution enables the smartphone with a variety of gaming filter modes, including a set of seven general purpose filter modes—customized, low-light enhancement, snow blindness prevention, old retro, vivid, soft and bright —as well as dedicated filter modes tailored to match the original artistic style for specific mobile games. Users can select filters based on visual preference to maximize the immersiveness of their gaming experience.

With respect to video experience, the smartphone leverages the Pixelworks visual processor’s content-adaptive motion processing to effectively reduce motion judder caused by the mismatch between contents’ native frame rate and the refresh rate of the display. This ensures that even low-frame-rate video content is delivered with excellent and stable visual quality on high refresh rate displays. Currently, this feature supports video frame rate interpolation from 24fps/25fps/30fps up to 60fps, and is compatible with several popular video apps, including iQIYI, Tencent Video, Youku, and Bilibili.

“As a device with flagship performance targeting the mid-range market, the iQOO Z9 Turbo L consistently strives for excellence in both product strength and user experience,” said Yaojing Yang, Senior Director of Gaming Experience Planning Center, iQOO. “We are pleased to continue our collaboration with Pixelworks in enhancing the visual performance and user experience. By integrating the Pixelworks X5 Turbo visual processor with a distributed rendering architecture, the smartphone is able to fully utilize its rendering capability to deliver smoother and more immersive gaming and video experiences. We look forward to extending this high-quality visual experience to a broader range of applications in the future, allowing more consumers to enjoy high-value and performance products that are competitively priced.”

“Congratulations on the launch of the iQOO Z9 Turbo L smartphone! Earlier this year, we collaborated with iQOO on the iQOO Z9 Turbo, and we were impressed by iQOO’s high standards of product quality and emphasis on delivering superior user experiences. The popularity of that model has validated iQOO’s unique market insight,” said Ting Xiong, co-GM and President of Sales and Marketing of Pixelworks China. “It’s an honor to power the iQOO Z9 Turbo L with our content-oriented visual optimization solutions that enable a flagship-level gaming and video experience at an affordable price. We look forward to deepening our collaboration across future products and technology to bring consumers even more groundbreaking visual experiences.” 

About vivo
vivo is a technology company that creates great products based on a design-driven value, with smart devices and intelligent services as its core. The company aims to build a bridge between humans and the digital world. Through unique creativity, vivo provides users with an increasingly convenient mobile and digital life. Following the company’s core values, which include Benfen*, user-orientation, design-driven value, continuous learning and team spirit, vivo has implemented a sustainable development strategy with the vision of developing into a healthier, more sustainable world-class corporation.

While bringing together and developing the best local talents to deliver excellence, vivo is supported by a network of R&D centers in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, Xi’an and more cities, focusing on the development of state-of-the-art consumer technologies, including 5G, artificial intelligence, industrial design, imaging system and other up-and-coming technologies. vivo has also set up an intelligent manufacturing network (including those authorized by vivo), with an annual production capacity of nearly 200 million smartphones. As of now, vivo has branched out its sales network across more than 60 countries and regions, and is loved by more than 500 million users worldwide.

*”Benfen” is a term describing the attitude on doing the right things and doing things right – which is the ideal description of vivo’s mission to create value for society.

Stay informed of latest vivo news at https://www.vivo.com/en/about-vivo/news

About Pixelworks
Pixelworks provides industry-leading content creation, video delivery and display processing solutions and technology that enable highly authentic viewing experiences with superior visual quality, across all screens – from cinema to smartphone and beyond. The Company has more than 20 years of history delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services.

For more information, please visit the company’s web site at www.pixelworks.com.

Note: Pixelworks and the Pixelworks logo are trademarks of Pixelworks, Inc. Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries. Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.

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SOURCE Pixelworks, Inc.

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BingX Introduces ALTCOIN Index Futures Trading: One Click, Countless Trends

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VILNIUS, Lithuania, Dec. 27, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of ALTCOIN Index, the first futures trading pair involving top altcoins. This innovative trading product offers users a one-click solution to efficiently track and trade major cryptocurrency trends with ease.

Traditionally used in stock markets, a futures index is a financial derivative that tracks the performance of a group of assets, such as stocks of commodities. These instruments were first introduced to simplify trading by allowing investors to speculate on or hedge against the collective movements of selected market sectors. Instead of purchasing individual stocks, traders are able to access broad market exposure in a single transaction, saving time and reducing costs.

In the cryptocurrency market, this new ALTCOIN/USDT futures trading pair works similarly by bundling the performance of the top mainstream cryptocurrencies by market capitalization, excluding Bitcoin (BTC) and stablecoins. The current index includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach is more efficient compared to buying individual cryptocurrencies or ETFs as this allows for direct speculation using tiered leverage options without the need to manage multiple positions, effectively diversifying trading risks associated with individual asset volatility.

Vivien Lin, Chief Product Officer of BingX, commented on the new offering: “By aggregating a range of leading cryptocurrencies into a single trading instrument, we’re giving users a practical and efficient way to better capture market trends. This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage.”

BingX users can take advantage of tiered leverage options and competitive rates consistent with the platform’s perpetual futures terms, simplifying open order management and enhancing trading efficiency. The platform also ensures that the index composition remains current, with regular quarterly adjustments and temporary updates in response to market conditions.

About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

 

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SOURCE BingX

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Lyric’s first solid-state battery front-end equipment is shipped to customer in United States

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BEIJING, Dec. 26, 2024 /PRNewswire/ — Recently, Lyric’s first solid-state battery front-end equipment has been shipped to a customer in the United States. Relying on its deep accumulation in the field of solid-state battery technology, Lyric has achieved strategic development on the global stage.

As of now, Lyric’s Z-shape stacking machine has reached the forefront of the industry, achieving an efficient stacking speed of 0.1s/pcs and ultra-high precision alignment of ≤ ± 0.3mm, setting an industry benchmark. At the same time, with the innovative design, the double planetary mixer realizes the efficient mixing of various viscosity materials, showing extraordinary flexibility, and significantly enhances the safety and efficiency of the production process through the iterative upgrade of automation technology, and provides customized services to accurately meet customer needs.

Looking to the future, Lyric will continue to expand its global footprint, based on the deep accumulation in the field of solid-state batteries since 2020, and its patented technology of dry electrode and stacking process and self-developed equipment advantages, Lyric not only demonstrates excellent capabilities in the manufacture of solid-state battery production equipment, but also provides a full range of solutions. Covers customized delivery from a single station to the entire production line. In terms of international cooperation, Lyric is actively seeking cooperation opportunities with more overseas enterprises, aiming to promote China’s solid-state battery equipment technology and solutions to the global market, further enhance its influence and competitiveness in the global renewable energy industry chain, and jointly explore unlimited possibilities in the field of renewable energy.

 

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SOURCE Lyric

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