It is an enduring highlight of various exhibitions and will have significant growth this year
With the rapid development of semiconductor technology, the integration capability of integrated circuits is becoming stronger. However, in the composition of electronic products, a device is essential, which is the connector. The connector is the core basic component necessary for the electrical connection of the entire circuit system, and its function is to use electrical/optical signals and mechanical forces to achieve connection, disconnection, or conversion. Connectors are widely used in all electronic products, from micro capsule cameras to large defense equipment, and are widely used in many fields such as automobiles, communications, aerospace, military equipment, computers, industry, household appliances, etc. In any electronic exhibition, connectors are a beautiful scenery.
This is because the global connector market has been continuously growing for nearly 40 years. According to Bishop&Associate data, the global connector market grew from 59.4 billion yuan in 1980 to 364.3 billion yuan in 2016, with a compound growth rate of 5.2%. The growth rate has slowed down in the past decade, with a compound growth rate of 2.6%. From an annual perspective, the global connector market reached $54.4 billion in 2016, a year-on-year increase of 4.5%, still maintaining a steady growth trend. The Chinese market has performed better, with a growth rate of about twice that of the global market, a year-on-year increase of 10%, reaching 15.94 billion US dollars, accounting for nearly 30% of the global market, far higher than the 20% in 2010. Although the global connector market has experienced a temporary decline since 2014, with the rebound of the Chinese economy and the upgrading of intelligence, it will continue to drive the rapid development of this industry.
Stable growth in the connector market in 2017
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