PUBLISHER: Bishop & Associates, Inc. | PRODUCT CODE: 1232451
PUBLISHER: Bishop & Associates, Inc. | PRODUCT CODE: 1232451
Analyzing the connector industry from 2013 through 2022, with a preliminary 2023 and 2028 forecast, Bishop & Associates research report, the “World Connector Market Handbook”, details the connector industry 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.
Increasing 7.8% in 2022, the connector industry saw total sales increase over $6 billion. Will we maintain this momentum or will sales decline in 2023? 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”.
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 2013 - 2022, and projections for 2023 and 2028 (including five-year CAGRs).
Increasing $6.1 billion in US dollars, connector industry sales increased +7.8% from 2021 to 2022. All regions except Japan recorded an increase with North America showing the greatest increase in sales, growing +14.6% followed by the ROW region with growth of +11.7%. Japan, the only region showing a decline in sales, saw sales decrease -2.0% or $102.9 million. In US dollars, North American sales increased $2,405 million, followed by China, where sales increased $1,516 million.
As the tables below indicate, the continued growth in 2022, provided an increase in the five-year, 10-year, and 20-year compound annual growth rates in North America and Europe. Japan's double-digit growth from 2020 to 2021, allowed the 5-year CAGR to turn positive, but previous low growth, prevented the 10-year CAGR from turning positive. China, who has seen percentage growth decrease over the last 20 years, saw CAGR decline from 11.4% for the period 2002 through 2022, to 6.8% for the period 2017 through 2022.
Telecom/datacom was the largest end-use equipment sector for electronic connector products with 2022 shipments of $XX,X22.8 million. Telecom/datacom was followed by automotive, where 2022 sales grew Y.1% to $XX,X88.1 million. It is anticipated in 2023, that telecom/datacom will remain the largest end-use equipment sector, once again followed by automotive. Showing the smallest growth in 2022 was business/office equipment, where sales grew to $XX.3 million, an increase of Y.9% over 2021.