Chan Ye Xin Xi Wang·2025-10-28 01:19Core Insights - The terminal connector industry in China is experiencing rapid growth driven by strong demand from downstream markets such as new energy vehicles, communication devices, and industrial automation. The market size is projected to grow from 26.062 billion yuan in 2017 to 43.62 billion yuan in 2024, with a compound annual growth rate (CAGR) of 7.64% [1][11] - The integration of new information technologies with the real economy, the acceleration of smart manufacturing strategies, and the implementation of green and low-carbon development requirements are expected to further expand the market space for the terminal connector industry [1][11] Industry Overview - Terminal connectors serve as essential components in electronic and electrical systems, facilitating the connection of wires or cables through physical contact of metal conductors. They are designed for reliability, durability, and ease of installation [4][6] - The terminal connector industry can be segmented into upstream (raw materials and components), midstream (production and manufacturing), and downstream (application fields such as communication, automotive, consumer electronics, and industrial transportation) [7] Market Size and Growth - The Chinese terminal connector market is expected to reach approximately 46.24 billion yuan by 2025, reflecting ongoing growth driven by technological advancements and market demand [1][11] - The global connector market is projected to grow from 60.1 billion USD in 2017 to 85 billion USD in 2024, with a CAGR of 5.08%. By 2025, it is expected to reach 93.28 billion USD [8][10] Competitive Landscape - The terminal connector market is characterized by a competitive landscape where international giants like TE Connectivity, Molex, and Amphenol dominate the high-end market, while domestic companies such as Luxshare Precision, AVIC Optoelectronics, and Derun Electronics are rapidly emerging through technological innovation and market expansion [12][11] - Domestic companies are gaining market share by leveraging cost advantages and localized service capabilities, aiming to compete in high-end applications [11][12] Key Companies - Luxshare Precision, established in 2004, focuses on precision smart manufacturing across various sectors, including consumer electronics, automotive, and communication. The company reported significant revenue growth across its business segments in the first half of 2025 [13][14] - AVIC Optoelectronics specializes in high-end interconnection solutions and has a strong presence in defense, aerospace, and high-end manufacturing sectors. The company reported a 21.57% increase in revenue in the first half of 2025 [15][16] Industry Trends - The terminal connector industry is moving towards miniaturization and high-density designs to meet the demands of increasingly compact electronic products [16] - There is a growing emphasis on high-speed performance to support the increasing data transmission needs, with innovations in materials and signal transmission paths [17] - The industry is also witnessing a shift towards smart connectors that integrate sensors and data processing units for real-time monitoring and predictive maintenance [18][19]