| Product Code: ETC5590010 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada saw a shift in its wire-to-board connector import landscape in 2024, with top exporters being the UK, USA, Metropolitan France, Trinidad and Tobago, and Hong Kong. Despite a high Herfindahl-Hirschman Index (HHI) concentration in 2023, it remained high in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 15.19%, indicating a healthy market expansion. However, there was a slight decline in growth rate from 2023 to 2024 at -2.5%, suggesting a potential stabilization or adjustment in the market.
The wire-to-board connector market in Grenada is witnessing steady growth as the demand for electronic devices increases. Wire-to-board connectors are integral components in a wide range of industries, including consumer electronics, automotive, and industrial automation. These connectors enable reliable electrical connections between wires and circuit boards, ensuring the proper functioning of electronic products. As the demand for smaller, more efficient devices grows, there is a need for advanced, compact connectors that meet international standards. Grenadas market for wire-to-board connectors is expected to expand with the increasing presence of electronic device manufacturers and global supply chains.
The wire-to-board connector market in Grenada is driven by the growing demand for advanced electronics and consumer devices, which require efficient, high-performance connectors for data and power transmission. As Grenada`s local manufacturing and electronics industries evolve, particularly in sectors like automotive, telecommunications, and industrial automation, the need for high-quality wire-to-board connectors becomes essential. Additionally, with the increasing adoption of IoT and smart home technologies, the demand for compact and reliable connectors is expected to rise, boosting the market`s growth in Grenada.
The wire-to-board connector market in Grenada faces challenges linked to the size of the countrys electronics and manufacturing sectors. With a small market base and limited industrial activity, the demand for specialized components such as wire-to-board connectors remains low. The countrys reliance on imported electronic goods means that businesses must deal with high transportation costs and supply chain delays. Additionally, the limited availability of skilled labor for designing and manufacturing these connectors adds to the complexity of meeting industry standards. The market is also impacted by the relatively high cost of raw materials, which can affect the pricing of connectors and limit their competitiveness.
The wire-to-board connector market in Grenada is shaped by the increasing demand for reliable electrical connections in consumer electronics, automotive, and industrial applications. The Grenadian government has introduced policies to support local manufacturing and technological innovation, encouraging the use of advanced components like wire-to-board connectors in various sectors. While the market shows promise due to growing industrial activity, challenges such as the reliance on imported components and the need for specialized manufacturing facilities hinder the growth of the local connector market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Wire-to-Board Connector Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Wire-to-Board Connector Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Wire-to-Board Connector Market - Industry Life Cycle |
3.4 Grenada Wire-to-Board Connector Market - Porter's Five Forces |
3.5 Grenada Wire-to-Board Connector Market Revenues & Volume Share, By Pitch Size , 2021 & 2031F |
3.6 Grenada Wire-to-Board Connector Market Revenues & Volume Share, By Accessory, 2021 & 2031F |
3.7 Grenada Wire-to-Board Connector Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Wire-to-Board Connector Market Revenues & Volume Share, By , 2021 & 2031F |
4 Grenada Wire-to-Board Connector Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and appliances using wire-to-board connectors |
4.2.2 Growing adoption of automation and IoT technologies driving the need for wire-to-board connectors |
4.2.3 Expansion of industries such as automotive, aerospace, and consumer electronics utilizing wire-to-board connectors |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials impacting the cost of manufacturing wire-to-board connectors |
4.3.2 Intense competition among wire-to-board connector manufacturers leading to pricing pressures |
4.3.3 Technological advancements leading to the development of wireless alternatives impacting the demand for wire-to-board connectors |
5 Grenada Wire-to-Board Connector Market Trends |
6 Grenada Wire-to-Board Connector Market Segmentations |
6.1 Grenada Wire-to-Board Connector Market, By Pitch Size |
6.1.1 Overview and Analysis |
6.1.2 Grenada Wire-to-Board Connector Market Revenues & Volume, By 0.8, 2021-2031F |
6.1.3 Grenada Wire-to-Board Connector Market Revenues & Volume, By 1, 2021-2031F |
6.1.4 Grenada Wire-to-Board Connector Market Revenues & Volume, By 1.25, 2021-2031F |
6.1.5 Grenada Wire-to-Board Connector Market Revenues & Volume, By 1.27, 2021-2031F |
6.1.6 Grenada Wire-to-Board Connector Market Revenues & Volume, By 2, 2021-2031F |
6.1.7 Grenada Wire-to-Board Connector Market Revenues & Volume, By 2.5, 2021-2031F |
6.1.9 Grenada Wire-to-Board Connector Market Revenues & Volume, By 3, 2021-2031F |
6.1.10 Grenada Wire-to-Board Connector Market Revenues & Volume, By 3, 2021-2031F |
6.2 Grenada Wire-to-Board Connector Market, By Accessory |
6.2.1 Overview and Analysis |
6.2.2 Grenada Wire-to-Board Connector Market Revenues & Volume, By Header, 2021-2031F |
6.2.3 Grenada Wire-to-Board Connector Market Revenues & Volume, By Housing, 2021-2031F |
6.2.4 Grenada Wire-to-Board Connector Market Revenues & Volume, By Plug, 2021-2031F |
6.2.5 Grenada Wire-to-Board Connector Market Revenues & Volume, By Receptacle, 2021-2031F |
6.2.6 Grenada Wire-to-Board Connector Market Revenues & Volume, By Socket, 2021-2031F |
6.2.7 Grenada Wire-to-Board Connector Market Revenues & Volume, By Socket, 2021-2031F |
6.3 Grenada Wire-to-Board Connector Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Wire-to-Board Connector Market Revenues & Volume, By Computer and Peripherals, 2021-2031F |
6.3.3 Grenada Wire-to-Board Connector Market Revenues & Volume, By Medical, 2021-2031F |
6.3.4 Grenada Wire-to-Board Connector Market Revenues & Volume, By Industrial and Instrumentation, 2021-2031F |
6.3.5 Grenada Wire-to-Board Connector Market Revenues & Volume, By Data/Telecom, 2021-2031F |
6.3.6 Grenada Wire-to-Board Connector Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.7 Grenada Wire-to-Board Connector Market Revenues & Volume, By Aerospace and Defense, 2021-2031F |
6.4 Grenada Wire-to-Board Connector Market, By |
6.4.1 Overview and Analysis |
7 Grenada Wire-to-Board Connector Market Import-Export Trade Statistics |
7.1 Grenada Wire-to-Board Connector Market Export to Major Countries |
7.2 Grenada Wire-to-Board Connector Market Imports from Major Countries |
8 Grenada Wire-to-Board Connector Market Key Performance Indicators |
8.1 Rate of new product development and innovation in wire-to-board connectors |
8.2 Adoption rate of wire-to-board connectors in emerging industries and applications |
8.3 Percentage of revenue invested in research and development for wire-to-board connector technology |
8.4 Number of patents filed for wire-to-board connector design improvements |
8.5 Customer satisfaction scores related to the quality and performance of wire-to-board connectors |
9 Grenada Wire-to-Board Connector Market - Opportunity Assessment |
9.1 Grenada Wire-to-Board Connector Market Opportunity Assessment, By Pitch Size , 2021 & 2031F |
9.2 Grenada Wire-to-Board Connector Market Opportunity Assessment, By Accessory, 2021 & 2031F |
9.3 Grenada Wire-to-Board Connector Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Wire-to-Board Connector Market Opportunity Assessment, By , 2021 & 2031F |
10 Grenada Wire-to-Board Connector Market - Competitive Landscape |
10.1 Grenada Wire-to-Board Connector Market Revenue Share, By Companies, 2024 |
10.2 Grenada Wire-to-Board Connector Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |