Bayonet Nut Connector Market Size, Share | Forecast 2030

The Global Bayonet Nut Connector Market was valued at USD 4.9 Billion in 2021. The market is projected to grow USD 8.4 Billion in 2030, at a CAGR of 12.6%. Bayonet Nut Connector is a plug and socket which provides a tight connection for audio, video, and networking applications. Rapid urbanization is accompanied by an increase in demand for consumer electronic gadgets, as well as widespread adoption of automation technologies in a variety of industries. From the previous several years, the continual rise in demand for electric vehicles in the Asia Pacific area has driven the demand for industrial items. The new technology offers a significant reduction in maintenance costs, which is why it has been well embraced by a large number of consumers from various industries.