PUBLISHER: Bishop & Associates, Inc. | PRODUCT CODE: 1456207
PUBLISHER: Bishop & Associates, Inc. | PRODUCT CODE: 1456207
Bishop and Associates has released the 2024 edition of the "World Connector Market Handbook".
This report analyzes connector industry sales from 2014 through 2023, with a preliminary 2024 and 2029 sales forecast and details connector industry sales by region, end-use equipment sector, and product type. Utilizing tables and graphs, key statistics are provided for total world, as well as by individual region.
Decreasing 2.7% in 2023, the connector industry saw total sales decline over $2 billion. Is the industry anticipated to pull itself out of this hole and recover what was lost in 2023, or will it take several years to regain what was lost in a single year?
Track and monitor the ways in which the connector industry has changed over the last decade and how it will change in the next five years - order your copy of the "World Connector Market Handbook".
Bishop & Associates has just released the 2024 edition of the World Connector Market Handbook. This comprehensive seven-chapter, 229-page report analyzes all aspects of the world electronic connector market. This report provides detailed connector statistics by equipment sector and product category for North America, Europe, Japan, China, Asia Pacific, and the ROW region. Included is a complete chapter on worldwide connector industry results by region, equipment sector, and product category. Data is provided for the years 2014 - 2023, and projections for 2024 and 2029 (including five-year CAGRs).
Decreasing over $2.2 billion in US dollars, connector industry sales decreased -2.7% from 2022 to 2023. All regions except Europe and ROW experienced a decrease in sales, with Japan showing the greatest decrease, declining -9.5% followed by the Asia Pacific region where sales declined -7.3%. Europe, which had the greatest increase, saw sales grow +3.8%, while sales in the ROW region increased 0.9%.
As the tables below indicate, the mixed results based on region of the world in 2023, created a variety of changes to the five, 10-, and 20-year compounded annual growth rates (CAGR). Comparing 2023 to 2024F with 2022 to 2023, you see that the total world CAGR dropped for each period, but individual regions saw their CAGR's increase based on their growth. For example, Europe who had growth in 2023, saw their five, 10- and 20-year CAGR increase while, in China, where sales declined in 2023, the (delete this word) CAGR during those same periods declined. In regions where the growth or decline was under 1.0%, in many instances, the CAGR remained unchanged or fluctuated very little.
Telecom/datacom was the largest end-use equipment sector for electronic connector products.It is anticipated in 2024 that telecom/datacom will remain the largest end-use equipment sector, once again followed by automotive. Business/office equipment showed the smallest growth in 2023.