In the first half of 2020, the severe domestic and foreign economic situation and the new crown epidemic have caused certain pressure and impact on the operations of various companies, but with the rapid development of smart phones, Internet of Things products, industrial robots, autonomous vehicles, new energy vehicles and other markets Development, experts predict that my country's connector market will reach US$27.2 billion in 2021.
The main growth drivers of the connector market come from:
(1) National industrial policy support
The connector industry is an important sub-industry of the electronic component industry. The country has continuously adopted policies to encourage the healthy development of the industry. "Industrial Structure Adjustment Guidance Catalog (2019)", "Special Action Plan for Enhancement of Manufacturing Design Capability (2019-2022) )" and other documents all regard new components as the key development areas of my country's electronic information industry.
(2) Continuous and rapid growth of downstream industries
Connectors are indispensable components for security, communication equipment, computers, automobiles, etc. In recent years, benefiting from the continuous development of the downstream industry of connectors, the connector industry is developing rapidly driven by the strong demand of downstream industries, and the market demand for connectors remains With steady growth.
(3) The trend of international production bases shifting to China is obvious
Due to the vast consumer market and relatively cheap labor costs, international electronic product and equipment manufacturers have transferred their production bases to China, which not only expands the market space of the connector industry, but also introduces advanced production technology and management concepts into the country to promote This has contributed to the considerable progress of domestic connector manufacturers and promoted the development of the domestic connector industry.
(4) The concentration of domestic industries continues to increase
With the changes in the industry competition pattern, a number of industry leaders have gradually formed in the domestic security, communications and other downstream industries. These industry leaders have put forward higher standards for the R&D strength, product quality, price positioning, and delivery capabilities of component suppliers. Requirements, enterprises with a certain scale are required to provide high-quality services for them, and to help them continuously reduce costs and improve product competitiveness. Therefore, the concentration of the downstream market has led to the continuous trend of concentration in the upstream connector industry, which in turn promotes the rapid growth of advantageous companies.
As the basic components for realizing informatization, with the development of downstream industries and the progress of the connector industry itself, it is believed that the overall market size of connectors will basically maintain a steady growth trend in the future.
