Connectors are indispensable components in electronic devices. If you look at the path of electric current flow, you will always find one or more connectors are applied. Connector shape and structure are ever-changing, with different new application, frequency, power, application environment, there are various kinds of connectors. With the increasing use of electronic products, mobile phones, computers, cameras and so on, the requirements for connectors are also increase. Currently, the top five sales of global connector industrial sector are automobiles, computers and peripherals, communications, industrial equipment and aerospace and military. The top five growth are consumer electronics, transportation electronics, medical electronics, communications electronics, computers and peripherals. It can be seen that connector, as an indispensable part of electronic products, is playing an increasingly important role in the diversification of electronic products' functions and modular design today.
Specifically, the global connector market size has experienced continuous and rapid growth from 8 billion usd in 1980, $16 billion usd in 1990, $34 billion usd in 2000, and & $45 billion usd in 2010. It is estimated that the global connector market size will reach $66 billion usd in 2015. By 2018, China's connector market will reach ￥69.438 billion rmb.
In 2013, China's connector sales revenue exceeded $4 billion usd, with the sales revenue growing by more than 15%, accounting for more than 12% of the global sales revenue. China's connector industry is marching toward internationalization, and Shanghai and Shenzhen have become international connector purchasing centers. Connector development in our country changed from production scale to creative develop of high-end connectors at this field, With largest market share in computer and peripheral equipment, automobiles, medical equipment connector also occupying a higher market share, Domestic automobile connector market share accounted for about 20%, and the 3G 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 was 27.2%, and 42.7% in the past 10 years which was much higher than the growth level of the same period in the world, and it was the fourth largest connector market leading the rapid growth of the world. Connectors in China are mainly medium and low-end type, while high-end connectors account for less, but the demand is growing fast.
Faced to the connector market and rapid technological changes, enterprises should keep track of connector cutting-edge technologies, study new connector technique, gradually get rid of the competition of middle and low-end product types, and develop high-end product lines.