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Mechanical Connectors Market to Grow by USD 4.77 Billion (2024-2028), Driven by Increased Demand in Automotive Industry, AI Impact on Market Transformation – Technavio

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NEW YORK, Jan. 20, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global mechanical connectors market size is estimated to grow by USD 4.77 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.6%  during the forecast period. Increasing demand for mechanical connectors in automotive industry is driving market growth, with a trend towards product launches. However, fluctuating raw material prices of mechanical connectors  poses a challenge. Key market players include 3M Co., ABB Ltd., Axis Electrical Components India Pvt. Ltd., Birkett Electric Ltd., Componect AG, Conex Metals, Connector Subsea Solutions, Conway, Electrofocus Electricals, HellermannTyton GmbH, Hirpara Metal Industries, Hubbell Inc., Nexans SA, NILED, NSI Industries LLC, Panduit Corp., Prysmian Spa, Raychem RPG Pvt. Ltd., STATS Group, TE Connectivity Ltd., and Tempo Communications Inc..

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Mechanical Connectors Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.6%

Market growth 2024-2028

USD 4.78 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.3

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

3M Co., ABB Ltd., Axis Electrical Components India Pvt. Ltd., Birkett Electric Ltd., Componect AG, Conex Metals, Connector Subsea Solutions, Conway, Electrofocus Electricals, HellermannTyton GmbH, Hirpara Metal Industries, Hubbell Inc., Nexans SA, NILED, NSI Industries LLC, Panduit Corp., Prysmian Spa, Raychem RPG Pvt. Ltd., STATS Group, TE Connectivity Ltd., and Tempo Communications Inc.

Market Driver

The Mechanical Connectors market is experiencing significant growth due to increasing trends in Fixed Broadband Connections and Higher Bandwidth requirements. Fiber Optic Connectors and Coaxial Cables are popular choices for high-speed data transfer in various sectors like Telecom, Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Submarine Communication, Digital Data Storage, Automotive Sector, and Electric Vehicles. Industries like Infrastructure Development, Data Centre Investments, and High-Speed Data Transfer are driving the demand for Internal Cables & Connectors and External Cables & Connectors. Raw material prices, particularly Copper’s electrical conductivity, impact the market. Electronic systems and Electrical systems integration in sectors like Telecom, 5G technology, IoT technology, Automation technology, Autonomous vehicles, Aerospace and defense, and Urbanization require quick connectors and miniature connectors. PCB connectors are essential for electronic systems. Governmental policies, industrialization, and technological advancements in sectors like Telecommunications, Communication networks, and Signal transmission (power transmission) are fueling market growth. Raw material prices and technological innovations in High-Speed Connectors, Electric vehicles, and Copper are key challenges. 

The Mechanical Connectors Market is witnessing significant growth as key players are implementing strategic initiatives to expand their product portfolios and capture larger market shares. Notable companies in this industry are focusing on new product launches to cater to diverse end-user needs. In February 2022, Nexans introduced a new mechanical power connector to their GPH cable connectors and cable lugs line for medium-voltage cables. Likewise, HellermannTyton launched cast resin cable joints in May 2022, featuring cable connectors and constant force springs with straight ends for effortless installation. These new offerings help companies enhance their product ranges and support the evolving requirements of their customers. The market encompasses both international and local players, creating a competitive landscape. 

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 Market Challenges

The Mechanical Connectors Market is experiencing significant growth due to the increasing demand for fixed broadband connections with higher bandwidth. Fiber optic connectors and coaxial cables are popular choices for high-speed data transfer in various industries. Internal cables and connectors are essential for electrical systems in commercial, civil, oil & gas, energy & power, and infrastructure development projects. External cables and connectors are crucial for military & defense, telecom sector, and digital data storage applications. Miniature connectors, PCB connectors, and quick connectors are in high demand for electronic systems integration in consumer electronics, automation technology, autonomous vehicles, and aerospace and defense. Raw material prices, especially copper’s electrical conductivity, impact the market’s growth. Urbanization and industrialization drive the need for high-speed connectors in telecommunications and communication networks. Governmental policies and 5G technology, IoT technology, and the automotive sector’s shift towards electric vehicles also contribute to the market’s growth.The cost of raw materials plays a significant role in the manufacturing and pricing of mechanical connectors. Aluminum, copper, and brass are primary materials used in this industry. Fluctuations in demand from various industries can impact the price of these raw materials. For instance, the price of aluminum reached record highs of USD3,820/t in March 2022, up from around USD3,340/t in February. International political scenarios can also cause supply and demand imbalances, leading to further price fluctuations. Producers must closely monitor raw material costs to maintain competitive pricing in the market.

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Segment Overview 

This mechanical connectors market report extensively covers market segmentation by  

Type 1.1 Aluminum1.2 Copper1.3 Brass1.4 OthersApplication 2.1 Automotive2.2 Industrial2.3 Aerospace and defense2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and AfricaProduct

1.1 Aluminum-  Aluminum connectors are cylindrical components used for terminating electrical wires in machines and electrical equipment where vibration is a concern. These connectors are widely utilized in military, automotive, industrial, and medical equipment applications. Military connectors have sealing capabilities, with metal outer shells. Commercial-grade aluminum connectors are extensively used in industrial and automotive sectors. TE Connectivity Ltd. And 3M are notable vendors offering aluminum connectors, such as TE’s AMPLIMITE Ultra-Lite D-Subminiature connector and 3M’s metal D-SUB aluminum lightweight connector. The increasing demand for lightweight miniature connectors is driving market growth, making aluminum connectors a significant segment in the overall market, which is expected to fuel the market’s expansion during the forecast period.

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Research Analysis

The Mechanical Connectors Market is witnessing significant growth due to the increasing demand for fixed broadband connections with higher bandwidth. Fiber optic connectors and coaxial cables are the primary types of mechanical connectors, finding extensive applications in various industries. Internal cables & connectors and external cables & connectors are essential components in electrical and electronic systems, driving the market growth. The market is expanding in sectors like Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Electronic systems, and Electrical systems, due to the need for reliable signal and power transmission. Urbanization, consumer electronics, automation technology, automotive segment, advanced safety features, autonomous vehicles, and the telecom sector are other significant end-users. Raw material prices and the emergence of 5G technology and IoT technology are key factors influencing the market dynamics. The market is expected to grow further due to the increasing demand for mechanical connectors in various applications, including telecommunications infrastructure, renewable energy, and automotive manufacturing.

Market Research Overview

The Mechanical Connectors Market encompasses a diverse range of products used to join various components in various industries. These connectors play a crucial role in signal transmission and power transmission in sectors such as Fixed Broadband Connections, Telecom, and Communication networks. With the increasing demand for Higher Bandwidth, Fiber Optic Connectors and Coaxial Cables are gaining popularity. Internal Cables & Connectors and External Cables & Connectors are essential in sectors like Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Submarine Communication, Digital Data Storage, Automotive Sector, Electric Vehicles, Infrastructure Development, Data Centre Investments, and High-Speed Data Transfer. Raw material prices, particularly Copper’s electrical conductivity, significantly impact the market. The market also caters to various sectors like Electronic systems, Electrical systems, Signal transmission, Power transmission, Urbanization, Consumer electronics, Automation technology, Autonomous vehicles, Aerospace and defense, Telecom sector, 5G technology, IoT technology, Miniature connectors, PCB connectors, and Quick connectors. Industrialization and Governmental policies also influence the market trends.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeAluminumCopperBrassOthersApplicationAutomotiveIndustrialAerospace And DefenseOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And AfricaProduct

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Oracle Introduces New AI-Powered Ways to Execute Work Across Oracle Fusion Applications

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Fusion Companion and Fusion Agentic Home help organizations achieve business outcomes by enabling employees to execute work across different AI clients while maintaining enterprise security and control

LAS VEGAS, Oct. 26, 2026 /PRNewswire/ — Oracle AI World — Oracle today announced Oracle Fusion Companion with Oracle Fusion Agentic Home, two new capabilities for Oracle Fusion Cloud Applications that transform how employees get work done. Fusion Companion provides an intelligent layer that understands business objectives and automatically selects and coordinates the appropriate transactions, workflows, approvals, AI agents, and agentic applications needed to execute work and achieve business outcomes. Users no longer need to know which application to navigate, which transaction to execute, which workflow or approval to initiate, or which AI agent to use. Fusion Companion determines how to get the work done while maintaining enterprise security, permissions, and controls. Users can access these capabilities through supported AI tools such as ChatGPT or through Oracle Fusion Agentic Home, the native AI experience within Oracle Fusion Applications.

“AI is changing where enterprise work begins, but organizations need to maintain control over how that work gets done,” said Chris Leone, executive vice president, Applications Development, Oracle. “Fusion Companion enables employees to define business objectives and execute work through the AI tools they already use, while Oracle Fusion provides the business context, execution capabilities, and enterprise controls needed to get that work done. With Fusion Agentic Home, we’re bringing this same intelligence to the millions of people who work in Oracle Fusion Applications every day, giving them a simpler way to execute work, from everyday tasks to complex business processes, without having to navigate multiple applications or understand the underlying workflows and AI agents.”

Fusion Companion enables users to work with Oracle Fusion Applications through supported AI tools such as ChatGPT. As the intelligent layer for Oracle Fusion Applications, Fusion Companion uses enterprise business context, data, and user permissions to understand what users want to accomplish and determine how to get the work done. It automatically selects and coordinates the appropriate transactions, workflows, approvals, AI agents, and agentic applications, whether completing a simple task or executing a complex business process. Fusion Companion can also leverage data and context from other enterprise systems and coordinate authorized actions across those systems, enabling work to be completed across applications while respecting established security, permissions, and controls. With Fusion Companion, organizations will be able to:

Simplify enterprise work: Helps employees achieve business outcomes by identifying the agents, applications, and business processes needed to complete their request.Accelerate business execution: Executes complex business work by coordinating specialized AI agents, business processes, and Fusion Agentic Applications, including Fusion Claw-powered applications that perform deep analysis, planning, simulation, optimization, and long-running execution across large volumes of enterprise data.Increase flexibility in how employees work: Enables users to work with Oracle Fusion Applications through supported AI tools such as ChatGPT and customer- or partner-built AI interfaces, while maintaining access to relevant business context and capabilities.Connect work across enterprise systems: Helps organizations coordinate activities across Oracle Fusion Applications, other cloud applications, enterprise content, data platforms, APIs, services, and third-party agents.Maintain enterprise security and accountability: Helps organizations execute AI-driven work within established identity, permissions, policies, and approval controls while keeping enterprise execution and accountability within Oracle Fusion Applications.

Oracle Fusion Agentic Home, supported by Fusion Companion, is a personalized, AI-native experience that enables users to define business objectives, delegate work to AI agents and agentic applications, and track progress through completion. With Fusion Agentic Home, organizations will be able to:

Simplify the employee experience: Enables users to express business objectives through a personalized, AI-native experience that automatically identifies and executes the appropriate work, without requiring users to navigate applications, initiate workflows, or select individual AI agents.Increase employee productivity: Helps users complete work faster by bringing together the information, AI agents, agentic applications, and business processes needed to achieve their objectives.Resolve business exceptions: Identifies the root causes of business exceptions, determines appropriate corrective actions, and executes authorized resolutions while escalating decisions that require human judgment.Enable governed delegation: Enables employees to delegate work to Oracle Fusion AI agents and agentic applications that execute within established enterprise permissions, policies, and approval controls, allowing employees to focus on business objectives, exceptions, and decisions requiring human judgment.

To learn more about Oracle Fusion Applications, visit www.oracle.com/applications

About Oracle Fusion Cloud Applications
Oracle Fusion Cloud Applications are a complete suite of cloud applications that form the enterprise system of record, spanning finance, HR, supply chain, manufacturing, sales, service, and marketing. The suite includes Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Human Capital Management (HCM), Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), and Oracle Fusion Cloud Customer Experience (CX).

Fusion Agentic Applications extend that foundation into a system of outcomes. They can coordinate and execute end-to-end work toward business objectives, and are designed to operate within the policies, controls, and authority each organization defines. With Oracle AI Agent Studio for Fusion Applications, customers and partners can create, extend, and manage these agents and agentic applications combining trusted enterprise data with the security, data governance, and performance needed to operate at scale.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

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Oracle Introduces Claw-Powered Fusion Agentic Applications for Customer Experience

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New Fusion Claw Applications help sales and service teams pursue profitable growth and deliver on customer commitments by continuously adapting and executing complex work with enterprise governance

LAS VEGAS, Oct. 26, 2026 /PRNewswire/ — Oracle AI World — Oracle today announced new Oracle Fusion Claw-powered agentic applications for customer experience. Oracle Fusion Claw is a governed agentic execution runtime that enables Fusion Agentic Applications to reason, compute, adapt, and execute specialist-grade work, including deep research, computation, simulation, modeling, and continuous replanning. Built into Oracle Fusion Cloud Applications, the new Claw-powered agentic applications help organizations take on complex, high-value work more autonomously at scale, within established governance controls, from aligning sales territories with growth opportunities and improving customer service journeys to addressing field service demand while controlling overtime costs and protecting quote accuracy as CPQ configurations change.

“Business leaders need to turn growth strategies into opportunities and deliver on customer commitments, but connecting customer demand with enterprise capacity in time to act remains a challenge,” said Kartik Raghavan, senior vice president, Applications Development, Oracle. “With Claw-powered Fusion Agentic Applications for CX, organizations can connect customer needs with the enterprise resources and governed actions required to address them. The applications can reason across trusted Oracle Fusion Applications data, coordinate the work required to meet business objectives, and carry approved actions into execution. This enables organizations to translate business objectives into growth opportunities, reliable service, and stronger customer trust.”

Agentic Applications represent a new class of outcome-based applications that provide Fusion Applications customers with a system of outcomes, where people define the objectives, authority, and accountability and the Agentic Applications coordinate the process to get to an outcome within those parameters. Fusion Claw enables Agentic Applications to take on more complex, specialist-grade work by providing a new execution runtime that supports larger scale and longer-running work, continuous replanning, deterministic execution, and governed automation within organizational policies and controls.

Running on Oracle Cloud Infrastructure, powered by industry-leading LLMs, and extending the world’s most complete suite of cloud applications, the new Fusion Agentic Applications move beyond assistance to governed execution, helping organizations to improve business outcomes while maintaining established oversight and approvals. New Fusion Agentic Applications available within Oracle Fusion Cloud Customer Experience (CX) include:

Account Territory Growth Plan: Models and compares scenarios across different territory configurations, evaluates tradeoffs, and optimizes coverage and opportunity allocation within capacity and business constraints before taking authorized action.Service Health Check: Identifies emerging service-performance issues, determines likely root causes, and prepares high-impact actions across knowledge, automation, routing, policy, and process for review and then executes approved actions before these issues become sustained customer or operational problems.Strategic Field Demand Planning: Aligns field capacity with customer demand while managing overtime costs by predicting resource needs, identifying coverage gaps, and preparing resource actions for review before executing approved changes.CPQ Test-to-Production Setup & Configuration Migration: Prepares and migrates configuration changes to production by assembling a migration package’s declared changes and dependencies in a reviewable report, identifying potential issues before deployment, and executing approved migration steps within provided authority.Executive Briefing Document: Facilitates more effective executive meetings by researching account engagement, company news, product footprint, revenue potential, and organizational hierarchy, then assembling an editable, meeting-ready briefing that it can update as account data changes.

The new Claw-powered Fusion Agentic Applications are part of a broader Fusion AI ecosystem anchored by Oracle AI Agent Studio for Fusion Applications. With the Fusion Agentic Applications Builder and AI Studio Skill no-code and pro-code capabilities in Oracle AI Agent Studio, organizations can create and manage agentic applications using reusable Oracle, partner, and external agents. In addition, built-in observability, ROI measurement, and safety controls enable agents to deliver measurable value and operate at scale within approved authority.

To learn more about Oracle Fusion Applications, visit www.oracle.com/applications

About Oracle Fusion Cloud Applications
Oracle Fusion Cloud Applications are a complete suite of cloud applications that form the enterprise system of record, spanning finance, HR, supply chain, manufacturing, sales, service, and marketing. The suite includes Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Human Capital Management (HCM), Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), and Oracle Fusion Cloud Customer Experience (CX).

Fusion Agentic Applications extend that foundation into a system of outcomes. They can coordinate and execute end-to-end work toward business objectives, and are designed to operate within the policies, controls, and authority each organization defines. With Oracle AI Agent Studio for Fusion Applications, customers and partners can create, extend, and manage these agents and agentic applications combining trusted enterprise data with the security, data governance, and performance needed to operate at scale.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

 

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Oracle Introduces Claw-Powered Fusion Agentic Applications for Supply Chain

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New Fusion Claw applications help supply chain teams achieve critical business outcomes with greater speed and confidence by continuously adapting and executing complex work

LAS VEGAS, Oct. 26, 2026 /PRNewswire/ — Oracle AI World — Oracle today announced new Fusion Claw-powered agentic applications for supply chain operations. Oracle Fusion Claw is a governed agentic execution runtime that enables Fusion Agentic Applications to reason, compute, adapt, and execute specialist-grade work including deep research, computation, simulation, modeling, and continuous replanning. Built into Oracle Fusion Cloud Applications, the new Claw-powered agentic applications help organizations take on complex, high-value work more autonomously at scale, within established permissions, from optimizing supply and transportation plans to analyzing procurement spend.

“As supply chain conditions shift, leaders need a connected view across product, planning, procurement, logistics, and cost to make faster, better-informed decisions,” said S.Y. Shenoy, senior vice president, Applications Development, Oracle. “With Claw-powered Fusion Agentic Applications for supply chain operations, supply chain teams can reimagine the way they work by moving to governed action across critical supply chain processes. The applications reason across Oracle Fusion Applications data, evaluate options and trade-offs, coordinate the work required to meet business objectives, and carry approved actions into execution. This will help supply chain leaders drive stronger business outcomes with greater speed, consistency, and confidence.”

Agentic Applications represent a new class of outcome-based applications that provide Fusion Applications customers with a system of outcomes, where people define the objectives, authority, and accountability and the Agentic Applications coordinate the process to get to an outcome within those parameters. Fusion Claw enables Agentic Applications to take on more complex, specialist-grade work by providing a new execution runtime that supports larger scale and longer-running work, continuous replanning, deterministic execution, and governed automation within organizational policies and controls.

Running on Oracle Cloud Infrastructure, powered by industry-leading LLMs, and extending the world’s most complete suite of cloud applications, the new Fusion Agentic Applications move beyond assistance to governed execution, helping supply chain teams and planners to improve business outcomes. New Fusion Agentic Applications available within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) include:

Supply Planning Allocation: Determines how to allocate scarce materials and capacity across competing demand by evaluating production lines, work centers, finished goods, components, and business trade-offs; comparing allocation scenarios; and preparing high-value allocation plans for teams to review, refine, and approve.Shipment Load Planning: Works to reduce transportation costs and meet service level requirements by evaluating consolidation opportunities across timing, capacity, service commitments, cost, and other constraints; comparing alternatives; and taking approved action towards execution plans that have been authorized.Procurement Spend: Works to improve spend control by analyzing spend, supplier agreement, and purchasing data; detecting maverick spend and contract leakage; explaining root causes; quantifying savings opportunities; and recommending corrective actions for team review and approval.

The new Claw-powered Fusion Agentic Applications are part of a broader Fusion AI ecosystem anchored by Oracle AI Agent Studio for Fusion Applications. With the Fusion Agentic Applications Builder and AI Studio Skill no-code and pro-code capabilities in Oracle AI Agent Studio, organizations can create and manage agentic applications using reusable Oracle, partner, and external agents. In addition, built-in observability, ROI measurement, and safety controls are designed to help organizations monitor agent activity, apply appropriate safeguards, and enable agents to deliver measurable value and operate responsibly at scale.

To learn more about Oracle Fusion Applications, visit www.oracle.com/applications

About Oracle Fusion Cloud Applications
Oracle Fusion Cloud Applications are a complete suite of cloud applications that form the enterprise system of record, spanning finance, HR, supply chain, manufacturing, sales, service, and marketing. The suite includes Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Human Capital Management (HCM), Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), and Oracle Fusion Cloud Customer Experience (CX).

Fusion Agentic Applications extend that foundation into a system of outcomes. They can coordinate and execute end-to-end work toward business objectives, and are designed to operate within the policies, controls, and authority each organization defines. With Oracle AI Agent Studio for Fusion Applications, customers and partners can create, extend, and manage these agents and agentic applications combining trusted enterprise data with the security, data governance, and performance needed to operate at scale.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

About Oracle AI World
Oracle AI World is where customers and partners discover the latest product and technology innovations, see how AI is being applied across industries, and connect with experts and peers. Attendees will gain practical tips and insights to drive immediate impact within their organizations and explore how Oracle is helping unlock the full potential of AI. Join the event to see new capabilities in action and hear from thought leaders and industry movers. Register now at oracle.com/ai-world or follow the news and conversation at oracle.com/news and linkedin.com/company/oracle. 

Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

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