What is the current development status of China's connector market?

I. What is the current development status of China's connector market? According to Bishop & Associates data, as of 2017, the global connector market sales were approximately $62.9 billion, and the global connector market size grew at a CAGR of 8% from 2009-2017. The U.S. is the customizer of connector standards, of which it is the global leader in terms of patents, underlying technology, involvement, applications, and market share. Europe and Japan lead in basic materials, like copper alloys and plastic materials. China aspect Taiwan connector relies on computer OEM and exquisite manufacturing started earlier, in recent years in the cell phone has been driven by the mainland beyond. China is now the world's larger connector production base, manufacturing level is also rapidly improving. China continues to maintain its position as a bigger market for connectors, with connector sales in 2018 supposedly surpassing the $20 billion mark, according to Bishop & Associates. The rise of the downstream cell phone, communications, cloud computing, AI, and smart driving industries provides huge growth space for local companies and is expected to rise further in the future. With the rise of new energy vehicles and the maturity of self-driving cars, the automotive market has become a larger application market for connectors, accounting for about 22%. Connectors used in automobiles have high requirements for practicality and reliability, and high technological thresholds, and top enterprises have obvious advantages. Consumer electronics connectors are large, relatively mature technology, has gradually transferred to the domestic. Technology mature industrialized production environment, compared to the automotive field gross margins to be lower. With the deployment of 5G and the large-scale promotion of self-driving cars, the connector opportunities in the field of telecommunications and data communications is expected to develop rapidly.

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