Future demand for automotive connectors picks up speed

Automotive is a major application area of connectors, accounting for 22% of the global connector market. According to statistics, the global automotive connector market size is about RMB 98.8 billion in 2019, with a CAGR of 4% from 2014-2019. China's automotive connector market size is about RMB 19.5 billion, with a CAGR of 8% from 2014-2019, which is higher than the global growth rate, mainly due to the fact that automobile sales are in a steady growth stage until 2018. According to Bishop & Associates forecast data, it is expected that the global automotive connector market size will reach 19.452 billion U.S. dollars by 2025, of which China's automotive connector size will be close to 4.5 billion U.S. dollars (equivalent to a market of nearly 30 billion yuan), with a CAGR of about 11%.

Through the above data can be seen, the overall growth rate of the automotive industry, although not, but the future growth rate of automotive connectors is expected to increase, the growth rate is mainly due to the popularization of automotive electrification and intelligence. Automotive connectors are mainly divided into low-voltage connectors and high-voltage connectors, plus high-speed connectors three categories. Low-voltage connectors are usually used in traditional fuel vehicles BMS, air conditioning systems, lights and other areas, high-voltage connectors are used in high-voltage connectors are commonly used in new energy vehicles, mainly used in new energy vehicles, batteries, high-voltage distribution boxes, air conditioning, direct / AC charging interfaces and so on. High-speed connectors are mainly used for functions that require high-frequency and high-speed processing, such as cameras, sensors, broadcast antennas, GPS, Bluetooth, WiFi, keyless entry, infotainment systems, navigation and driver assistance systems. That part of the increased demand for electric vehicles is mainly in the high-voltage connector, because the core components of the three electric systems need the support of high-voltage connectors, such as drive motors, which need to provide high-power drive energy, and require the corresponding high-voltage and high-current, which is far more than the voltage of 14V in traditional fuel vehicles. At the same time, electric vehicles to bring the enhancement of intelligence also drive the increase in demand for high-speed connectors, automatic driving assistance system, for example, automatic driving level for L1 and L2 need to install the camera 3-5, L4-L5 basically in 10-20, the number of cameras become more corresponding to the number of high-frequency high-definition transmission connectors will be increased accordingly. With the increase in the penetration of new energy vehicles, as well as automotive electronics, intelligent degree of continuous improvement, the connector as a necessity in automotive manufacturing, market demand is also showing an upward trend, which is the general trend.

2、About 3M electronic products network platform related to the introduction and sales of products briefly: 3M electronic products network - a professional agent / production / sales of a variety of {connectors | wiring harness | wire and cable products }; if you have a related [connectors | wiring harness | wire and cable products] purchasing / sourcing needs or would like to buy / to understand which connectors | wiring harness | wire and cable products we can provide solutions, please contact the Division I business personnel below; If you have related [connectors | wire harness | wire and cable products] sales / resources and promotion needs, please click on the "¡¡ Business Cooperation ←" with the person to discuss!