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Global connector market sales grow rapidly
Times:09/03/2019    Hits:695
Connectors are an indispensable part of an electronic device. You will always find one or more connectors along the path through which the current flows. The form and structure of the connector are ever-changing. There are various types of connectors depending on the application object, frequency, power, and application environment.
Connectors are an indispensable part of an electronic device. You will always find one or more connectors along the path through which the current flows. The form and structure of the connector are ever-changing. There are various types of connectors depending on the application object, frequency, power, and application environment. With the increasing use of electronic products, mobile phones, computers, cameras, etc., the requirements for connectors are getting higher and higher. At present, the top five global connector sales applications are automotive, computer and peripherals, communications, industrial equipment and aerospace and military, while the top five applications are consumer electronics, transportation electronics, medical Electronics, communications electronics, computers and peripherals. It can be seen that connectors, as an indispensable component product in electronic products, play an increasingly important role in the diversification of electronic products and the modularization of designs.

Specifically, the global connector market has grown from 8 billion US dollars in 1980 to 16 billion US dollars in 1990, to 34 billion US dollars in 2000, and to 45 billion US dollars in 2010. It has experienced a sustained and rapid growth process. In 2015, the global connector market will reach $66 billion. By 2018, China's connector market will reach 69.438 billion yuan.

In 2013, China's connector sales revenue exceeded 4 billion US dollars, sales revenue increased by more than 15%, accounting for more than 12% of global sales revenue. China's connector industry is moving toward internationalization. Shanghai and Shenzhen have become international in terms of industry scale. Connector Purchasing Center. China's connector development is in an excessive period of production to creation. In the field of high-end connectors, computers and peripherals occupy the largest market share, and the automotive and medical device connector market also occupy a high share. The domestic automotive connector market share is about 20%, and the rapid popularity of 3G mobile phones has led to a rapid increase in demand for high-end connectors.

In the past five years, the CAGR (composite growth rate) of the Chinese connector market has been 27.2%. In the past 10 years, the CAGR has reached 42.7%, which is much higher than the growth rate of the world. It is the fourth largest connector market with rapid global growth. China's connectors are mainly low-end and high-end connectors, but the demand growth rate is relatively fast.

Faced with the market and technology changes of connectors, enterprises should constantly track the technology of connector frontiers, learn new connector technologies, gradually get rid of the competition of low-end and mid-end product types, and develop high-end product lines.

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