DJ7021Y-1.2-21, 7123-7624 automotive connector
Parameter Specification:
Color：Black
Male/Female：Female
Material：Nylon
Driven by the wave of electrification and intelligence, the CAGR of the high-voltage connector and high-speed connector market is expected to be 45% in the next five years. It is optimistic about the investment opportunities in the automotive connector industry with high growth, high barriers, and domestic substitution.
Core logic:
1. The industry is growing rapidly, with a compound growth rate of up to 45% in 5 years
Vehicle-mounted connectors can be divided into low-voltage, high-voltage, and high-speed connectors, which are mainly used in the three-electric system of traditional vehicles, new energy vehicles, and ADAS. The high-voltage connector connection is electrified and the high-speed connector connection is intelligent. Thanks to the rapid increase in the penetration rate of new energy vehicles and auxiliary driving systems, driving the rapid growth of vehicle-mounted connectors. The market scale of domestic high-speed connectors and high-voltage connectors is expected in 2025. They will reach 12 billion yuan and 27 billion yuan respectively, with a compound growth rate of 45% in five years, and a six-fold growth space in five years.
2. With high-tech barriers, designated enterprises have more advantages
Automotive connectors are mid-to-high-end connector products with high technical and process barriers. On the one hand, mold design and manufacturing are the prerequisites for mass production of products. On the other hand, precision stamping, injection molding, and automatic machine assembly are the keys to automated production. Molds and equipment determine the precision and production efficiency of connector products. In addition, with a wide range of automotive connector products and high customer barriers, the automotive industry requires longer certification and mass production cycles, and designated companies have a clear first-mover advantage.
3. The localization rate is only 5%, and the future replacement space is broad
In 2019, the top 10 global automotive connector manufacturers are dominated by American and Japanese companies. The combined market share of the three giants Tyco, Yazaki, and Anbofu reached 67%. The localization rate of the automotive connector industry is relatively low. It is estimated that the localization rate of high-speed connectors in the Chinese market is only 5%. Considering the faster iteration of new energy vehicle products, the faster response of domestic companies, stronger service capabilities, and better cost control, domestic automotive automotive connector companies are expected to achieve rapid growth, and there is ample room for domestic substitution.
