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Analysis of connector Market in China: automobile medical treatment takes the lead, with 70 billion in the future
- Release date：19-10-23 09:36
- Clicks：119
With the increasing use of electronic products, mobile phones, computers, cameras and so on, the requirements for connectors are higher and higher. At present, the top five applications of global connector sales are automobile, computer and its peripherals, communication, industrial equipment, aerospace and military, while the top five applications are consumer electronics, transportation electronics, medical electronics, communication electronics, computers and peripherals.
Connector, as an indispensable part of 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 8 billion US dollars in 1980 to 16 billion US dollars in 1990, 34 billion US dollars in 2000, and 45 billion US dollars in 2010. It is estimated that the global connector market will reach 66 billion US dollars by 2015. By 2018, China's connector market will reach 70 billion yuan.
In 2013, China's connector sales revenue exceeded 4 billion US dollars, with sales revenue increasing by more than 15%, accounting for more than 12% of 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. China's connector development is in the transition period from production to creation. In the field of high-end connectors, computers and peripheral equipment occupy the largest market share, while the automobile and medical equipment connector market also occupy a higher 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.
In the past five years, CAGR (annual compound growth rate) of connector Market in China has been 27.2%, and in the past 10 years, CAGR has reached 42.7%, which is far higher than the growth level of the same period in the world, and it is the fourth largest connector market leading the global rapid growth. The connectors in China are mainly middle and low-end, while high-end connectors account for a relatively low proportion, but the demand growth rate is relatively fast.
Facing the changes of connector market and technology, enterprises should keep track of connector cutting-edge technology, learn connector new technology, gradually get rid of the competition of middle and low-end product types, and develop high-end product lines.
Connector, as an indispensable part of 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 8 billion US dollars in 1980 to 16 billion US dollars in 1990, 34 billion US dollars in 2000, and 45 billion US dollars in 2010. It is estimated that the global connector market will reach 66 billion US dollars by 2015. By 2018, China's connector market will reach 70 billion yuan.
In 2013, China's connector sales revenue exceeded 4 billion US dollars, with sales revenue increasing by more than 15%, accounting for more than 12% of 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. China's connector development is in the transition period from production to creation. In the field of high-end connectors, computers and peripheral equipment occupy the largest market share, while the automobile and medical equipment connector market also occupy a higher 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.
In the past five years, CAGR (annual compound growth rate) of connector Market in China has been 27.2%, and in the past 10 years, CAGR has reached 42.7%, which is far higher than the growth level of the same period in the world, and it is the fourth largest connector market leading the global rapid growth. The connectors in China are mainly middle and low-end, while high-end connectors account for a relatively low proportion, but the demand growth rate is relatively fast.
Facing the changes of connector market and technology, enterprises should keep track of connector cutting-edge technology, learn connector new technology, gradually get rid of the competition of middle and low-end product types, and develop high-end product lines.
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