Connector Industry Status and Trend
Sequence of
incidents happened in the past few years: Trade War, Cybersecurity awareness, COVID-19
& variants, container freight backlog and RU-UA War that caused global
supply chain crisis.
According to
Bishop, global connector sales performance dropped to $62.7 billion in 2020
with 2.3% YoY decline. However, it skyrocketed to $78 billion in 2021 with 24.4%
YoY growth, and each quarter achieved double digital growth rate. Today,
COVID-19 Delta and Omicron variants are still spreading rapidly in many
countries, global market remains strong demand on electronics devices, driving
from WFH, distant education and cloud service, and thus accelerated supply
chain recovery and even production expansion.
We collect few factors that
bring connector industry opportunity and challenge:
(1) New normal changes commercial
and consumer’s buyer behavior
(2) New CPU generation arrival
speeds up connector across into Gen 5
(3) Challenges deriving
from cost increase on material, HR and delivery
(4) Business Continuity
Plan (BCP) against disruptive incidents
Find out more about our research, click here to download “Connector Industry Status& Trend” (via Google drive)