The global connector market is huge and will continue to grow in the future.
According to statistics, the global connector market has maintained a continuous growth trend in recent years. The global market has grown from US$8.6 billion in 1980 to US$56.9 billion in 2016, with an average annual compound growth rate of 7.54%.
The technology of the connector industry is changing with each passing day. With the increasing demand for connector content in the 3C terminal market, the miniaturization of electronic devices, the increase of electronic device functions, and the trend of the Internet of Things, the demand for products that are flexible in response and provide more convenience and better connectivity in the future will be Continuous growth, it is estimated that the compound growth rate of the global connector industry will reach 5.3% from 2016 to 2021.
The Asia-Pacific region is the largest connector market, and demand is expected to grow steadily in the future.
According to statistics, the connector market in the Asia-Pacific region accounted for 56% of the global market in 2016. In the future, as North America and Europe transfer factories and production activities to the Asia-Pacific region, as well as the rise of consumer electronics, mobile devices and automotive fields in the Asia-Pacific region, future demand will continue to grow steadily. The size of the connector market in the Asia-Pacific region will increase from 2016 to 2021. The speed will reach 6.3%.
In the Asia-Pacific region, China is the largest connector market and the strongest driving force in the global connector market. Also from statistics, China has more than 1,000 companies that manufacture connector-related products. In 2016, the market size has accounted for 26.84% of the global market. From 2016 to 2021, the compound growth rate of China’s connector industry will reach 5.7%.
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