Market data report on connector suppliers in China

Author：Danny / time：2018-08-21 / The number of clicks：371

There is without a doubt a growing market for Chinese connector suppliers. After the financial crisis, China's economic development has become the most important factor driving the global economy. In order to safeguard economic interests and get rid of the damage caused by the financial crisis, the Chinese government has introduced a series of measures to stimulate domestic demand in order to promote economic recovery quickly and effectively. It is precisely because of the forward-looking vision of the Chinese government that with its strong domestic demand, China achieved its expected GDP growth target of 8% in 2009 and successfully exited the economic crisis in the second half of the year. Even in 2010, China’s economic growth rate was forecasted to be around 10% but a definite 9% growth trend. It ultimately reached 9.5%.

 

It is precisely because of this electronics industry's strong return in China, which is according to statistics, that the Chinese New Year of 2010 alone has achieved a sales frenzy for China's 3C electronic products, reaching a high sale of 2.95 billion RMB. The total annual sales value is nearly 80 billion US dollars, and the industrial scale has even reached 1 trillion US dollars, an increase of more than 17%. A series of market data reflects the rapid development of China's electronics industry.

 

The triumph of the electronics industry has brought about the prosperity of the connector market. The "2010 Connector and Power Device Market Supply and Demand Trend Survey Report" released by the "International Electronic Business" in 2010 pointed out vaguely that the connector is expected to become the most in demand product in the market, and the most sought after connectors is the 10G Ethernet, Network connector, HDMI 1.3/1.4 and USB 2.0/3.0. This official statement not only stimulated the connector market, but also heralded a promising future for the connector market.

 

China's economic recovery has not only allowed Chinese locals to see hope, but also let foreign connector suppliers see business opportunities. They have taken the risk to place emphasis of their current strategies on the Chinese mainland market. The global connector market will also be further awakened. According to the China Electronics Component Industry Association Information Center on the 2010 Global Connector Market Survey, the global connector production in 2010 is bound to reach 46.8 billion, with an annual growth rate of 17%; The global market will reach a market value of 51.5 billion dollars, with an annual growth rate of 15%. According to Global Industry's report, the Asian market has reached 6.4 billion US dollars in 2010, and China will become the fastest growing and largest market in the world. In 2010 alone, China's connector market capacity has reached 25.7 billion RMB, and the growth rate of China's connector market has indisputably continued to exceed the global average level.

According to the above connector market data report on China, it is obvious that the connector supplier market is booming in China.