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How can a connector business grow with an expanding market

Time: 2020.10.08 Views: 92

With the increasing number of electronic products, mobile phones, computers, cameras and so on, the requirements for connectors are becoming higher and higher. Currently, the top five applications for global connector sales are automotive, computer and peripherals, communications, industrial equipment and aerospace equipment, while the top five growing applications are consumer electronics, transportation electronics, medical electronics, communications ideas, computers and peripherals.

It can be seen that connectors, as an indispensable component product in electronic products, are playing an increasingly important role in the diversified and modular functions of electronic products today.

According to G3 Comprehensive report: In 2013, China's connector sales revenue exceeded $4 billion. Sales revenue increased by more than 15%, accounting for more than 12% of the national sales revenue. China's connector industry is marching toward internationalization, and Shanghai and Shenzhen have become international connector procurement centers in terms of industrial scale. Connector development in our country, in the period of production to create the transition in the field of high-end connectors, with largest market share in computer and peripheral equipment, automobiles, medical equipment connection also occupy a higher market share, domestic automobile connector market share accounted for about 20%, and the 3 g mobile phone quickly spread high-end connector demand rapid growth.

The CAGR(compound annual growth rate) of China's connector market in the past five years is 27%, and the CAGR in the past 10 years is as high as 42%, which is much higher than the growth level of the world over the same period, making China the fourth largest connector market leading the rapid growth globally. Domestic connectors are mainly medium and low-end, while the proportion of high-end connectors is relatively low, but the demand growth rate is fast.

Connector development is limited by many aspects, among which, how to achieve EMC better, so that the electronic devices are not interfered, it is very important. Previously, EMC materials were mostly imported. With the efforts of various domestic manufacturers of absorbing materials, at present, most of the connector EMC absorbing materials patch in the market come from domestic manufacturers, such as Shenzhen Penghui.

With the continuous progress of science and technology, the market and technology of connectors are also changing. Domestic enterprises should keep tracking and learning cutting-edge technologies, and strive to develop more advanced connector technologies, so as to realize the transformation from low-end products to high-end products and improve the competitiveness of products.

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