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September 22, 2022

The automotive medical industry leads the development of the connector market

With the increasing use of electronic products, mobile phones, computers, cameras, etc., the requirements for connectors are also 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 growth rates are consumer electronics, transportation electronics, medical Electronics, communication electronics, computers and peripherals.


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As an indispensable component product in electronic products, connectors are playing an increasingly important role in the diversification of functions and modular design of electronic products today.



Specifically, the global connector market has experienced a sustained and rapid growth process from $8 billion in 1980, to $16 billion in 1990, to $34 billion in 2000, and to $45 billion in 2010. In 2015, the global connector market size will reach 66 billion US dollars. By 2018, the size of my country's connector market will reach 70 billion yuan.



Analysis of China's connector market: automotive medical accounts for the bulk



In 2013, my country'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. my country's connector industry is moving towards internationalization. Shanghai and Shenzhen have become international in terms of industrial scale. Connector Purchasing Center. The development of connectors in my country is in the transitional period from production to creation. In the field of high-end connectors, computers and peripheral equipment occupy the largest market share, and the automotive and medical equipment connector markets also occupy a relatively high share. The domestic automotive connector market share about 20%, and 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 5 years is 27.2%, and the CAGR in the past 10 years is as high as 42.7%, which is much higher than the growth level of the world in the same period. It is the fourth largest connector market leading the world's rapid growth. my country's connectors are mainly low-end, and high-end connectors account for a low proportion, but the demand growth rate is relatively fast.



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