World connector market is concentrated in North America, Europe, Japan, China, and Asia-Pacific Region (not including China and Japan), taking 90% of the total market. In recent years, influenced by economic fluctuations across the world, the connector market in North America, Europe and Japan grows slowly and has a trend of falling. While in China and other countries of Asia-Pacific Region, the connector market has increased with a fast speed and become the major impetus of the global connector market.
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From 2003 to 2015, the growth rate of China connector market was higher than the rate of the global market. In 2015, the market scale of connector industry in China was about USD14.5 billion, which takes 26% in the global scale, increasing from 20.9% in 2008 and making China the largest consumption area of connectors, It is predicted that the scale of connector market in China will reach about USD22 billion in 2021.
For that connector industry in China started at a late time, and its concentration ratio is relatively lower than the industry in developed countries. However, there is a great potential existing in the industry. For recent years, communication, consumer electronic and automobile industries has grown rapidly, and these industries will be key application fields of connectors in China.
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