Oct 26, 2019
According to Bishop&Associates data, cars are the largest terminal equipment application area for connector products. In 2018, the output value reached US$15.76 billion, accounting for 23.6% of the global connector market; the communications industry ranked second, accounting for 22% of the total market. Next, it is followed by other application areas (21.6%), consumer electronics (13.5%), industry (12.3%) and rail transit (7.0%). Other applications include military, medical, instrumentation and other industries. The smartphones, computers and other products in the downstream applications of connectors have been iteratively fast. New industries such as new energy vehicles, Internet of Things, and drones are booming. Overall, the development of the downstream market will promote the rapid growth of the connector industry.