IDC connector industry analysis: China's market size has grown to 5.298 billion US dollars

Connectors are the basic components necessary to form a complete system connection. It is an electronic component for the transmission and exchange of current or optical signals between electronic system equipment. It acts as a node, independently or together with cables, to transmit current or optical signals between devices, components, equipment, and subsystems, and maintain each There is no change in signal distortion and energy loss between systems, and it is a necessary basic component for the entire complete system connection.


The upstream of the connector industry is raw material production, and the downstream covers multiple application fields. From the perspective of the industrial chain, the upstream of the connector is raw material production, including metal materials (brass, phosphor bronze, stainless steel, etc.), plastic materials (PVC plastic pellets, LCP plastic pellets, high-temperature plastic pellets, etc.), electroplating materials and structural materials, etc. , as well as equipment suppliers such as mechanical processing equipment, electroplating processing equipment, testing equipment, and assembly equipment. Computer, industrial grade transportation and many other application fields.



Connectors have a wide range of downstream applications, and automotive and automotive connectors are the most important application scenarios. From the perspective of downstream application fields of connectors, as one of the important electronic component industries, connectors have been widely used in consumer electronics, industry, transportation and other fields such as automobiles, communications, and computers.


my country's connector industry started late, and the connector market concentration is low. There are a large number of domestic connector manufacturers, but the scale is generally small. Limited by small scale, insufficient technology accumulation and poor capital strength, the business of local enterprises is mainly concentrated in low-end products with low technical level. At present, most connector companies produce products such as IDC connectors.


At present, most of my country's IDC connector manufacturers also produce other connectors. The number of IDC connector companies queried on third-party platforms is scarce and cannot represent the industry level. Therefore, sometimes the connector industry is used for analysis.


In recent years, China's economy has maintained sustained and rapid growth, and the downstream markets of IDC connectors such as communications, automobiles, industry, transportation, and consumer electronics have also achieved rapid growth, directly driving the rapid growth of my country's IDC connector market demand.


Take new energy vehicles as an example. The sales volume and year-on-year growth rate of new energy vehicles in my country hit a record high, and the penetration rate of new energy vehicles climbed to 20%+ for the first time. The sales of new energy vehicles in China are growing rapidly. According to the data of China Association of Automobile Manufacturers, the sales volume of new energy vehicles in my country will be about 3.51 million in 2021, a year-on-year increase of 165.10%. Energy vehicle sales accounted for 13.36% of all vehicle sales, breaking through double digits for the first time, and the new energy vehicle market grew rapidly.


As the focus of global connector production shifts to the Asia-Pacific region, China is now the world's largest connector market. In 2020, China's connector market share will account for 32.18% of the world, leading other regions in the world.


China's connector and IDC connector market maintains a rapid growth trend. The size of China's connector market has grown from US$14.719 billion to US$20.184 billion, with an average annual compound growth rate of 6.52%, which is also higher than the global average during the same period. In 2021, the size of China's connector market will reach US$24.978 billion, a substantial increase year-on-year, with an increase of 23.75%. At the same time, my country's IDC connector market has grown from US$3.917 billion in 2019 to US$5.298 billion. It is expected that with the transformation and upgrading of China's economy and structural adjustment, the growth of China's manufacturing industry will accelerate, and the Chinese connector and IDC connector market will also usher in better development opportunities in terms of scale and depth.