Investment Rating - The report indicates a positive outlook for the connector industry, highlighting its significant growth potential and importance in various applications [7][10]. Core Insights - Connectors are essential components for reliable connections between electronic devices, ensuring proper signal transmission and device performance [3][4]. - The connector market is experiencing steady growth, with a projected compound annual growth rate (CAGR) of 5.8% over the next four to five years [7]. - China has become the largest production base for connectors globally, with a market size of $24.977 billion in 2023, accounting for 30.51% of the global market [8][10]. Summary by Sections What are Connectors? - Connectors are components used to connect multiple electronic or electrical elements, facilitating power, signal, and data transmission [2]. Importance of Connectors - Connectors play a crucial role in ensuring reliable connections in complex electronic systems, aiding in maintenance and upgrades, and adapting to various environmental conditions [3][4]. Application Areas of Connectors - Connectors are widely used across multiple sectors, including automotive, consumer electronics, communication, computing, medical, military, aerospace, transportation, energy, and industrial applications [5]. Market Size Overview - The global connector market was valued at $281.854 billion in 2023, with an expected growth to $851.28 billion in 2024, reflecting a growth rate of 4.0% [7]. - China's connector market has shown significant growth, increasing from $14.719 billion in 2015 to $24.977 billion in 2023, with a CAGR of 6.83% [10].
连接器是电子设备的重要基础部件,市场潜力巨大
2024-08-20 03:31