2021 China's connector industry market status and development prospect forecast analysis

China Business Intelligence Network News: A connector is a key node for information transmission and conversion. It is a device used to connect a conductor of one circuit and a conductor of another circuit or a transmission element and another transmission element. The connector provides a separable interface for the two circuit subsystems. On the one hand, the maintenance or upgrade of parts or subsystems does not need to modify the entire system; on the other hand, it improves the portability of parts and the expansion capability of peripheral equipment. , Making the design and production process more convenient and flexible.

Market size
As the global connector production center shifts to China, China has become the world's largest connector production base and consumer market. From 2015 to 2019, the size of China's connector market increased from US$14.8 billion to US$19.4 billion, with an average annual compound growth rate of 7.05%. It is expected to reach 20.5 billion yuan and 21.7 billion yuan in 2020 and 2021, respectively.

The status quo and future development prospects of downstream industries
1. The demand for connectors in the communications industry

The communication industry is the second largest application field of connectors, with a share of approximately 22% in the connector application field. The communication field is also the fastest growing market for connector applications in the future. With the orderly advancement of my country's digital transformation and 5G construction, and the continuous improvement of new information infrastructure capabilities, the original 2G and 3G base stations will be gradually upgraded to 4G and 5G base stations in the future, bringing the replacement demand for stock upgrades to the connector industry.

With the acceleration of my country's mobile communication network construction process, as one of the key components of communication equipment, the market demand for communication connectors will also continue to grow. According to statistics from Bishop&Associates, the size of China's communications connector market in 2019 was US$6.267 billion.

2. Automotive industry's demand for connectors
The automotive sector is the largest market for connectors, and automotive connectors account for 23.70% of the global connector industry. According to statistics from Bishop&Associates, automotive connectors accounted for 16.9% of the Chinese connector market in 2019, which is the third largest connector application field after communications and consumer electronics.

Compared with traditional fuel vehicles, the demand for connectors for new energy vehicles has increased significantly. In the future, with the rapid growth of new energy vehicle production and sales, the new energy vehicle connector industry will continue to maintain rapid development. It is expected that the industry market size will be close to 6 billion yuan by 2021.

Data source: China Industrial Information Research Network, China Commercial Industry Research Institute

Future development prospects of the connector industry
1. The downstream industry has a good market prospect and promotes the continuous development of related connector sub-industries

Benefiting from the further acceleration of my country's mobile communication network construction, the continuous increase in the proportion of automotive electronics and the increasing popularity of new energy vehicles, communication connectors and automotive connectors will usher in a new round of rapid growth.