Smart upgrade, China's connector market will change




According to the latest research report released by the FMI, by 2022, the global cable and connector market revenue will reach US $125.3 billion, with a compound annual growth rate of 11.1% during 2016-2022.



Connectors, as the key component of current or signal connection, are also an important part of the industrial system. Connectors, ranging from aircraft and rockets to mobile phones and televisions, all appear in various forms, bridging the circuit or other components and playing the role of current or signal connection.



Three perspectives on the current situation of China's connector market



Under the trend of automobile electronization, with the growth of the demand for new energy vehicles, the market potential of connectors in the automotive field in China is gradually highlighted, and the market scale will maintain rapid growth. Some practitioners even assert that automotive connectors have become the fastest growing segment market in the automotive parts field. However, apart from automobiles, what are the subdivisions of connectors in China? Specifically, it mainly includes the following aspects:



From the perspective of application market, commerce and trade industry, including IT&communication, electronics and medical industry, is the most demanding application market. At the same time, the popularization of cloud technology and Internet of Things technology will further improve the demand for reliable, high-performance and high security data connection and transmission, and promote the growth of market demand for cables and connectors. From the perspective of growth rate, the oil and gas field is the application market with the largest compound annual growth rate.



In terms of installation type, the cable and connector market is divided into built-in and external markets. Among them, the demand for built-in cables and connectors is expected to grow at a faster rate in the next six years, mainly because of the miniaturization of electronic products and the popularity of wireless technology.



In terms of product types, CAT5/CAT6 cables and connectors were the main products in demand in 2015, accounting for 47% of the total market. This is due to the growing demand for high-performance and long-distance connectivity. However, by 2022, USB cables and connectors are expected to have the fastest compound annual growth rate with the growth of demand for high-speed data transmission.



China's connector market will meet new changes under the trend of intelligent upgrading



With the continued popularity of Tesla and other electric vehicles and the collective influx of Internet enterprises, the impact of new technologies on the traditional automobile industry is accelerating the reform of the automobile industry. Now the automobile is not only a means of transportation, but also indirectly helps the connector bring new development opportunities when the new words of environmental protection, energy conservation and entertainment intelligence are combined with the automobile.



The new energy and electronization of automobiles promote the demand growth of automobile connectors. New demands in the automotive industry, such as new energy vehicles and driverless vehicles, are bringing more stringent requirements to traditional connector manufacturers, but it is these new forces that will stimulate the continuous growth of the automotive connector market in the future.



USBType-C has become a new driving force of connectors in the field of consumer electronics. As several popular mobile devices this year all use USBType-C technology, it is expected that this specification will gradually become the mainstream of the industry in the future, and will also bring a new growth point to the connector market.



Wearability of the Internet of Things will be the next growth point of the connector. The Internet of Things is also known as the Internet of Everything, and its corresponding connectors will undoubtedly play an important role in it. This trend is particularly pronounced on wearable devices. However, today's global electronic component manufacturers are trying to compete for a place in the "wearable" devices, and miniaturization has become an absolute priority in this regard.



Intelligent factories and robots will allow industrial connectors to blow out. With the development of industrial manufacturing towards automation and intelligence, connectors, which are widely used in mechanical equipment, factory automation, power distribution, railway and other fields, are naturally the focus of development. For the solutions and technologies for "Industry 4.0" and "Intelligent Production", connectors that can affect production efficiency in stamping, injection molding, assembly, crimping and other modules naturally need to be upgraded.
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