As the basic unit for transmitting signals and exchanging information, the connector determines that all terminal products involved in the field of electronic information need to be used. The downstream application market of connectors covers almost all fields of the electronic industry. At present, my country has become the country with the largest connector market in the world. In 2019, the size of my country's connector market was 22.7 billion US dollars.

With the continuous transfer of electronic manufacturing to China, the industry has achieved rapid development and the trade surplus has continued to expand. However, at present, my country's connector manufacturing industry is still dominated by the production of low-end products, and the international market share of high-end products is relatively low.

Connectors are widely used downstream

A connector is a functional element that connects, disconnects or converts a circuit or an optical channel with the help of electrical or optical signals and mechanical force. The upstream market of the industry is the raw material market, which is mainly divided into metal raw materials and non-metallic raw materials. The midstream is the connector manufacturing industry, and manufacturing enterprises produce finished connectors.

Optoelectronic connectors are used wherever optoelectronic signal connections are required. Connectors are one of the basic components necessary to form the electrical connection of the entire circuit system. The downstream almost covers the electronics industry, including aviation, aerospace, military equipment, communications, and computers. , automotive, industrial, household appliances, etc.

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my country is the world's largest connector market

According to Bishop & Associates statistics, the connector market in mainland China in 2019 was US$22.7 billion, with a growth rate of 8.4% compared with the same period in 2018, accounting for 31.4% of the world's market share, making it the world's largest connector sales market. From 2010 to 2019, the scale of China's connector market increased from US$10.8 billion to US$22.7 billion, with a compound growth rate of 8.56%.

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In 2019, the connector market in mainland China accounted for 31.4% of the world's market share, making it the world's largest connector sales market.

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Trade surplus expands year by year

According to customs data, in 2020, the total import and export volume of China's connector manufacturing was 4.739 billion US dollars, of which the export value was 3.592 billion US dollars, a year-on-year increase of 14.78%; the import value was 1.147 billion US dollars, a year-on-year decrease of 13.89%; the trade surplus was 2.445 billion. Dollar.

From 2017 to 2020, the trade surplus of China's connector manufacturing industry continued to expand, mainly because the electronic manufacturing industry continued to transfer to China. Large domestic connector manufacturers introduced high-precision research and development and production equipment, and established a high-level The R&D team has narrowed the technological gap with international leading companies, and its competitiveness has been greatly strengthened.

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Insufficient competitive advantage in the high-end market

Although my country is the world's largest connector market, due to the relatively late start of my country's connector industry, the currently produced connectors are mainly low-end, and the market share of high-end products is low. Domestic connector products lack independent research and development and related standards, and there are few high-end product manufacturers with average quality; in addition, most domestic manufacturers are small in scale and lack cost advantages compared with overseas manufacturers.

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The above data comes from the "China Connector Industry Market Demand Forecast and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, industrial investment attraction, IPO fundraising Feasibility research and other solutions.

The future development prospects of the connector industry

1. The market prospect of the downstream industry is good, which will promote the sustainable development of the relevant connector segment industry

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.

2. National industrial policy support

Connectors belong to the subdivision industry of electronic components, and the electronic components industry belongs to the key industries supported and encouraged by national policies. Many national policies, such as "National Innovation-Driven Development Strategy Outline" and "Thirteenth Five-Year Plan for the Development of National Strategic Emerging Industries", have listed electronic components as a key development industry.

3. International industrial transfer brings opportunities for the development of my country's connector segment industry

The gap between the research and development capabilities of some connector companies and international giants is gradually narrowing, and they have greater local advantages in terms of cost, response speed, and proximity to customers. In recent years, out of consideration of cost control and closeness to the market, international connector giants have begun to cooperate with domestic connector companies with high precision manufacturing capabilities and fast response speed on some cutting-edge products. development of the appliance industry.