The market for connector demand is growing rapidly

Categories:Industry Trends
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Time of issue:2020-05-20 20:21
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(Summary description)As more and more electronic products are used, mobile phones, computers, cameras, etc., have higher and higher requirements for connectors. Currently, the top five applications for connector sales in the world are automobiles, computers and peripherals, communications, industrial equipment, and aerospace and military, while the top five applications are consumer electronics, transportation electronics, and medical. Electronics, communications electronics, computers and peripherals.

The market for connector demand is growing rapidly

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The market for connector demand is growing rapidly

(Summary description)As more and more electronic products are used, mobile phones, computers, cameras, etc., have higher and higher requirements for connectors. Currently, the top five applications for connector sales in the world are automobiles, computers and peripherals, communications, industrial equipment, and aerospace and military, while the top five applications are consumer electronics, transportation electronics, and medical. Electronics, communications electronics, computers and peripherals.

Categories:Industry Trends
Author:
Origin:
Time of issue:2020-05-20 20:21
Views:

As more and more electronic products are used, mobile phones, computers, cameras, etc., have higher and higher requirements for connectors. Currently, the top five applications for connector sales in the world are automobiles, computers and peripherals, communications, industrial equipment, and aerospace and military, while the top five applications are consumer electronics, transportation electronics, and medical. Electronics, communications electronics, computers and peripherals.

It can be seen that the connector, as an indispensable component product in electronic products, plays an increasingly important role in the diversified functions and modular design of electronic products.

Specifically, the global connector market has experienced a sustained and rapid growth process from USD 8 billion in 1980, USD 16 billion in 1990, USD 34 billion in 2000, and USD 45 billion in 2010. In 2015, the global connector market will reach USD 66 billion. By 2018, my country'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%, and accounted for more than 12% of global sales revenue. China's connector industry is moving towards internationalization. Shanghai and Shenzhen have become international in terms of industrial scale Connector Procurement Center. China's connector development is in the transition period from production to creation. In the field of high-end connectors, computers and peripherals have the largest market share, and automotive and medical equipment connector markets also have a higher share. The domestic automotive connector market share accounts for about 20%, and the rapid popularization of 3G mobile phones makes the demand for high-end connectors grow rapidly.

The Chinese connector market has a CAGR (annual compound growth rate) of 27.2% in the past 5 years, and a CAGR of 42.7% in the past 10 years, which is much higher than the growth rate of the same period in the world. It is the fourth largest connector market leading the rapid global growth. my country's connectors are mainly low-end and high-end connectors are relatively low, but the demand growth rate is relatively fast.

In the face of changes in the connector market and technology, companies should continue to track the cutting-edge connector technology, learn new connector technology, gradually get rid of the competition of low-end product types, and develop high-end product lines.

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