China has biggest connector market, according to 2014-18 report

China has biggest connector market, according to 2014-18 report

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US: The 'Research and Forecast of Connector Industry in China, 2014-2018' report is released. The connector market size in China will reach CNY 88.3 billion in 2014, up 8% compared that of 2013. By 2018, the market size will amount to CNY 115.6 billion, and the compound annual growth rate will reach 7.2%.

According to the report, China has world's fastest growth rate and has the biggest connector market in the world. In terms of the application of connectors, the top five application fields remain computer & computer peripherals, auto-electronics, telecommunication & data communications, military & aviation and industries markets.

The total output value of China's satellite navigation and positioning service industry exceeded CNY 104 billion in 2013, up 28.4% over last year, in which, the output value of Beidou satellite navigation business exceeded CNY 10 billion, accounting for 9.8% of the total.

Source: Market Reports China