The connector is the core component necessary for the electrical connection of the complete circuit system. Its function is to achieve switching on, off or switching by means of electrical/optical signals and mechanical forces. Today, this article will introduce you to the application field of the connector and how it is expanding in the domestic market.
After more than 70 years of development, the connector industry has developed relatively maturely, and the enterprises in the industry have undergone fierce competition and the market concentration has been continuously improved. After years of development, the application range of connectors has become more and more extensive, and the overall market size has basically maintained a continuous growth trend. The main five major application areas are automotive, communications, computer and peripherals, industrial, military and aerospace, with a total proportionDriven by the rapid development of China's economy, the downstream industries of connectors such as communications, computers and consumer electronics have developed rapidly in China, which has kept the Chinese connector market growing at a high speed and the connector market is expanding. According to the "Connector Industry Segment Demand and Investment Analysis Report" released by the Prospective Industry Research Institute, China has more than 1,000 companies that manufacture connector-related products. In 2016, the market size reached US$16.465 billion, accounting for 26.84% of the world.
Although China's connector industry started late, the connector market concentration is low, and the industry's technical level is still far from the advanced national technology level. However, China's connector industry has a vast space and great potential for development. There is a huge room for improvement in the future. China is the largest connector market and the strongest driver for the global connector market.
The automotive sector is the largest market for connectors, accounting for more than 20% of the global connector industry. The automotive industry has a huge demand for connectors, with the rise of autonomous driving, increasing consumer demand for automobiles and the growing popularity of in-vehicle infotainment. The demand for automotive connectors will expand. The industrial field involves heavy machinery, robotic machinery and hand-held measuring equipment. In the future, as the degree of automation increases, the performance of connectors will continue to increase.
The "Connector Industry Segment Demand and Investment Analysis Report" issued by Prospective Industry Research Institute elaborated on the overall development of the connector market from various aspects such as market overview, industrialization progress, regional development, policy analysis, and key enterprises. Based on this, the investment potential of the connector project is analyzed.