Development Trends of Automotive Connectors

At present, the global automotive connector industry accounts for about 15% of the connector industry, and it is expected to occupy a large proportion in the future driven by automotive electronic products. In terms of product cost structure, the average cost of connectors used per car in China is only a few hundred yuan, compared to the connector cost of approximately 5 to 0 per car in foreign countries, indicating that there is still great potential for development in the Chinese automotive connector market. In the future, each car will use 600 to 1000 electronic connectors, far exceeding the number used today. China is expected to become an important global production base for automotive connectors in the future. In addition to existing well-known international manufacturers, other manufacturers that have not yet set up factories in China will gradually establish production bases in China to supply local automotive component manufacturers due to factors such as increasing local demand, localized procurement, and cost advantages

Therefore, in the future, China's automotive connector industry will be a highly competitive market for foreign and domestic enterprises! China will also become one of the important production countries for automotive connectors with the development of foreign and local enterprises. It remains to be seen who will become the leader of China's automotive connectors in the future, whether it is a domestic enterprise, a foreign-funded enterprise, or a foreign-funded enterprise