The market size in 2022 will be about $52.6 billion

According to the data released by the global connector industry research institute Bishop&Associate, the market size of the global industrial connector industry has fluctuated under the support of 5G, industrial automation, and the rise of new energy vehicles. In 2022, the market size of the global industrial connector industry will be about 52.65 billion US dollars.

China is the largest market

According to the data published by Bishop&Associates in 2022, the connector market size of China in 2021 is 24.978 billion dollars, accounting for 32% of the world’s market share, which is the largest connector sales market in the world, followed by the United States, the connector market size is 16.484 billion dollars. It accounts for 21% of the world’s total size.

The number of business registrations has fallen rapidly in recent years

According to the global enterprise database query, there are a total of 42,353 major active enterprises in the industrial connector industry, of which the main registration boom from 2014 to 2017, of which the number of registered enterprises in 2016 is the largest, 1,908. After 2017, the market began to enter a cooling-off period, with a sharp decline in registrations in 2018, shrinking by 45%, followed by a continuous decline in registrations in both 2020 and 2021.

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American companies have the strongest overall strength

According to the list published by Bishop &Associates, a research agency specializing in global connectors, over the past decade, Bishop &Associates has studied more than 750 connector manufacturers. Over time, however, many small and medium-sized businesses have been acquired by larger companies, and the old giant companies in the United States are highly focused on offering products or supporting niche markets, applications or specific regions.

Of the top 10 global electronic connector manufacturers in 2018, two are from China, while the United States has four and Japan has three. In the top 10 global electronic connector manufacturers in 2019, the regional structure of the enterprise did not change, but it is worth noting that Lisun Precision rose from 8th in 2018 to 6th in 2019. In the top ten companies of global electronic connector manufacturers in 2020, the United States and Japan each have four, and China has two, and China Lichun Precision rose to the fourth place from the sixth place in 2016. The 2021 ranking will be compared with the 2020 ranking, with the exception of Germany’s Rosenberg, which rose to 9th place to replace the daily end terminal in 2020, the ranking of the remaining companies has not changed.

Although the overall global industrial connector market is still Tyco, Amphenol and Molos three giants “three pillars”, but from the perspective of different segments, some manufacturers may rely on their own rich technology and customer accumulation in specific areas have a stronger strength than the three giants, such as Ambofu in the field of transportation equipment connectors.