The global connector market still has great potential for growth. In 2010, the output of connectors reached 46.8 billion, and the market size reached 51.5 billion RMB, with an average annual growth rate of 17% and 15% respectively. But even in the shadow of the financial crisis, the connector market still has a strong potential for development.
At the same time, Asia has become the most promising market for connectors. Global Industry reports that the Asian market will reach $6.4 billion in 2010, while China will be the fastest growing and largest connectors market in the world. By 2010, China's connectors market capacity will reach 25.7 billion yuan, and the growth rate of China's connectors market will continue to exceed the Global average in the future.
The development of application field has put forward new requirements for connectors technology: high-speed, digital and integrated signal transmission; Small size of product volume, narrow spacing, multi-function; The convenience of plug and plug and module combination; Cost reduction of products.
The continuous downturn of foreign market in recent two years also makes foreign connectors manufacturers step up their layout in China, thus accelerating the development of Chinese connectors market.
The field of connector applications is expanding, and medical applications are expected to be among the top five.nStatistics show that the top five applications for global connector sales are automotive, computer and peripherals, communications, industrial equipment, and aerospace and military, while the top five growing applications are consumer electronics, transportation electronics, medical electronics, communications electronics, computers and peripherals. Therefore, medical electronics will become a new growth point of connector application. Industry insiders predict that the connectors market in the healthcare sector will reach $1.63 billion by 2011.
At the 77th China Electronics Fair in Shenzhen in April, connectors, the traditional showcase for advantage, also boomed this year, with a large number of exhibitors.
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