Core Insights - The report highlights the stable growth of the precision cable connection component market, driven by advancements in connector technology and increasing demand from downstream industries such as automotive and consumer electronics [3][5]. Group 1: Market Overview - The precision cable connection components are essential for electrical connections in various applications, including communication, automotive, consumer electronics, industrial equipment, and medical devices [2]. - The global connector market is projected to grow from $60.1 billion in 2017 to $86.5 billion by 2024, with a compound annual growth rate (CAGR) of 5.34% [3]. Group 2: Downstream Industry Trends - The consumer electronics sector is a significant application area for precision cable connection components, particularly in smartphones, computers, and smart devices. The global consumer electronics market reached $1,051.6 billion in 2023 and is expected to grow to $1,176.7 billion by 2028 [6][7]. - The automotive market is also experiencing growth, with global automotive sales projected to reach 95.31 million units in 2024, a 19.63% increase from 2020, and a CAGR of 4.58% from 2020 to 2024 [10]. Group 3: Emerging Opportunities - The rise of artificial intelligence (AI) is creating new demands for precision cable connection components, particularly in AI-enabled devices. The penetration rate of AI computers is expected to surge from 2% in 2024 to 64% by 2028 [8]. - The global market for smart wearable products is anticipated to grow from $9.6 billion in 2022 to $22 billion by 2028, with a CAGR of 14.82% [9]. Group 4: Automotive Sector Insights - The demand for cable connection components in the automotive sector is increasing, particularly for electric vehicles (EVs). The global EV sales are projected to reach 17.79 million units in 2024, a staggering 445.71% increase from 2020 [11][12]. - The value of cable connection components in traditional vehicles ranges from $2,500 to $3,500, while for EVs, it is approximately $5,000, indicating a significant market opportunity [12]. Group 5: Competitive Landscape - The domestic market for automotive cable connection components is dominated by foreign companies like Yazaki and Sumitomo Electric, but local manufacturers are gaining ground due to cost advantages and technological advancements [13][14].
“一带一路”俄罗斯精密线缆连接组件市场消费结构分析及投资潜力评估预测报告(2026版)
Sou Hu Cai Jing·2026-01-12 01:41