According to Global Industry, the connector market is poised for the next five years of tremendous growth, with global connector demand reaching $60 billion in 2012, driven by the economies of China and the Asian, Eastern European and Latin American regions. According to Global Industry report, the Asian connector market reached $6.4 billion in 2010, China's 2015 market growth will reach 20%.
1, consumer market
Research shows that the connector market in consumer electronics game consoles, MP3, cell phones, LCD TV, digital cameras and other demand driven by strong performance continues to rise. In-Stat pointed out that in 2014, the global market value of TV set-top boxes will reach 1.3 billion U.S. dollars. According to DisplaySearch, the global TV shipments in 2010 will exceed 242 million units, a year-on-year growth of 15%, and is expected to exceed 260 million units by 2014.
2、Medical market
Research organization BCC Research survey report pointed out that the global home medical equipment market size to 2012 grew to 20.4 billion U.S. dollars, an annual growth rate of 6.8%. Medical electronics will become a new growth point for connector applications. Market forecast to 2011, the medical field connector market will reach 1.63 billion U.S. dollars.
3, the cell phone market
Connector is one of the important devices in the cell phone, on average, the number of connectors needed for each cell phone reaches 8. According to Coda Research report, during 2010 to 2015, global smart phone shipments will reach 2.5 billion, with a compound annual growth rate of 24%. Data show that in the first quarter of 2010, China's 3G cell phone sales reached 6.113 million, an increase of up to 65.97%. As the development of the cell phone market continues to improve. Cell phone connector market will continue to trend upward.
4, the automotive market
Automotive connector market is a large connector market segments, a typical light automobile about 1,500 connection points. According to Bishop & Associate statistics, it is expected that the automotive connector market will continue to grow, to 2011 will reach 13.4 billion U.S. dollars in market size.
5, computer market
In-Stat, a market research firm, reports that global shipments of mobile computing devices, including tablets, netbooks, smartbooks and laptops, will maintain a compound annual growth rate of 19.1% by 2014. Notebook shipments will reach 291 million units in 2014. Connectors are used in computers at a rate of approximately 5-12 sets per unit, and the steady growth of the computer market is driving continued growth in demand for connectors.