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)