Forecast expects 7,2% growth for connector industry
10 March 2004
News
Bishop & Associates, the market research firm specialising in the global electronic connector market, publishes four quarterly connector forecasts each year. The group's latest forecast reveals all end-use equipment sectors are recording growth, and that this is forecast to improve further in 2004.
The following are some highlights:
* Computer and peripheral equipment sales have returned to double-digit growth after declining for the first time ever in 2002. Unit sales were up +11,0% in 2003, and the 2004 forecast is for another +11,0% rate. Bishop & Associates projects connector sales to grow +9,1% in the computers and peripherals sector in 2004.
* Automotive has continued to achieve low single digit growth driven by customer promotion programs. Increased electronic content in each vehicle has been a market driver for connectors. The group projects a +5,2% connector growth in automotive in 2004.
* Military/aerospace has enjoyed the best sales growth in years. Growth has been driven by the 'War on Terrorism' and the military build-up prior to the wars in Afghanistan and Iraq, it states. These connectors will grow +6,6% in 2004.
* Telecom wireless equipment sales are accelerating and enterprise network equipment is achieving growth, carrier equipment is the laggard, but this sector has bottomed and sales are improving modestly. Bishop & Associates projects telecom connectors to grow +4,5% in 2004, after declines of -35,7% and -29,5% in 2001 and 2002 respectively.
Bishop & Associates believes connectors growth will be achieved in all end-use equipment sectors in 2004 - with total connector growth of 7,2%. The table shows the current 2004 end-use equipment forecast for connectors. This forecast assumes stable currency exchange rates. Bishop & Associates is projecting the world connector market will increase in volume by $11,4 billion in the next five-years. This represents a compound average growth rate of 8,3%.
For more information see http://207.158.230.13/bishop.htm
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