The global contactless connector market is anticipated to grow at a CAGR of 17.2% during the forecast period (2024–2031). The market growth is attributed to a rise in the adoption of Internetof Things(IoT) technology globally. Contactless connectors facilitate data exchange and communication between IoT devices including smart home devices, industrial automation, and healthcare systems., thus facilitating the integration of controllers, sensors, and actuators without physical linkages. For instance, in December 2023, Qualcomm expanded its offering to simplify and accelerate IoT across multiple industries. Qualcomm Technologies, Inc., announced the Qualcomm Aware platform, which empowers developers and enterprises to harness real-time information and data insights to accelerate their digital transformation programs. The platform will provide a new baseline for IoT and help enterprises drive operational efficiencies. Among the critical use cases to be served by Qualcomm Aware are cold chain distribution, utility asset monitoring, cargo shipment tracking, and warehouse and inventory management.
Browse the full report description of “Contactless Connectors Market Size, Share & Trends Analysis Report by Product Type (NFC connectors, RFID connectors, Wireless charging connectors, Wireless Data Transfer Connectors, and Infrared Wireless Connections), by Mode of Operation (Full-duplex Connectivity, Half-Duplex Connectivity, and Simplex Connectivity), and by Industry Vertical (Automotive, Consumer Electronics, Healthcare, and Industrial). Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/contactless-connectors-market
Moreover, collaborations and investment havebeen on a constant rise in consumer electronics, cloud services, and advanced technology space. For instance, in May 2022, STMicroelectronics and Amazon Web Services (AWS) collaborated to secure IoT connections to the AWS cloud. STMicroelectronics serving customers across the spectrum of electronics applications, created a new AWS FreeRTOS-qualified, TF-M-based reference implementation, working in conjunction with Amazon web services (AWS), an ST-authorized partner, to easily and securely connect Internetof Things (IoT) devices to the AWS cloud.
Market Coverage
• The market number available for 2023-2031
• Base year: 2024
• Forecast period: 2024-2031
• Segment Covered-
o By Product Type
o By Mode Of Operation
o By Industry Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape Include: STMicroelectronics International N.V., TE Connectivity Corp., Molex LLC, Radiall SA, and Rosenberger Hochfrequenztechnik GmbH & Co. KG
Key questions addressed by the report
Global Contactless Connector Market Report Segment
By Product Type
By Mode Of Operation
By Industry Vertical
Global Contactless Connector Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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