Rapid growth of connector sales in the global market

Connectors are indispensable components in electronic devices. Looking along the path through which current flows, you will always find one or more connectors. Connector forms and structures are ever-changing. With different application objects, frequencies, powers, application environments, etc., there are various forms of connectors. 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 application fields of global connector sales are automobiles, computers and their peripherals, communications, industrial equipment, aerospace and military, while the top five applications with the highest growth rate are consumer electronics, transportation electronics, medical electronics, communication electronics, computers and peripherals. It can be seen that connectors, as indispensable components in electronic products, are playing an increasingly important role in today's diversified functions and modular designs of electronic products.

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Specifically, the global connector market has experienced a sustained and rapid growth process from US $8 billion in 1980 to US $16 billion in 1990, to US $34 billion in 2000, and then to US $45 billion in 2010. It is expected that by 2015, the global connector market will reach US $66 billion. By 2018, my country's connector market will reach 69.438 billion yuan. In 2013, China's connector sales revenue exceeded USD 4 billion, with the sales revenue increasing by more than 15%, accounting for more than 12% of the global sales revenue. China's connector industry is moving towards internationalization, and Shanghai and Shenzhen have become international connector purchasing centers in terms of industrial scale. The development of connectors in China is in a transitional period from production to creation. In the field of high-end connectors, computers and peripheral equipment occupy the largest market share, and the automobile and medical equipment connector markets also occupy a high share. The domestic automobile connector market share accounts for about 20%, while the rapid popularization of 3G mobile phones makes the demand for high-end connectors grow rapidly. The CAGR (compound annual growth rate) of China's connector market in the past five years has been 27.2%, and the CAGR in the past 10 years has been as high as 42.7%, which is much higher than the world's growth level in the same period. It is the fourth largest connector market leading the world's rapid growth. my country's connectors are mainly mid-to low-end connectors, with high-end connectors accounting for a relatively low proportion, but demand is growing rapidly. Faced with the market and technological changes of connectors, enterprises should constantly track the cutting-edge technologies of connectors, learn new technologies of connectors, gradually get rid of the competition of low-end product types, and develop high-end product lines.

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