Connector is one of the indispensable key components in electronic equipment, and it is very important in the whole machine or integrated system. With the rapid development of global technology, connectors have also become a direct driving force for the upgrading of electronic products. In 2021, the global connector market size is 77.99 billion US dollars, a year-on-year increase of 24.33%, and its market size is expected to reach nearly 100 billion US dollars by 2027.

The global connector consumer market is mainly distributed in China, North America, Europe and other places. In 2021, China's global connector consumer market share will reach 32.03%, and the market shares of North America and Europe will be 21.14% and 20.87%, respectively. Affected by the fluctuations of the global economy, the growth of the European, American and Japanese markets has slowed down in recent years, or even declined, while the strong growth of emerging markets represented by China and the Asia-Pacific region has become the main driving force for the growth of the global connector market.

Since the 1990s, well-known connector manufacturers in Europe, America, and Japan have successively transferred their production bases to China. At the same time, Taiwan-funded connector manufacturers have also invested and set up factories in the Pearl River Delta and Yangtze River Delta regions. The spillover effect of foreign investment has cultivated a large number of private connector enterprises in mainland China, and they have grown rapidly under the impetus of the civilian product market. As the focus of global connector production has shifted to China, China has become one of the world's largest connector production bases and consumer markets. From 2013 to 2021, the size of China's connector market will increase from US$13.9 billion to US$25 billion, with a compound annual growth rate of 7.6%, significantly higher than the global average.