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
Further reading:
Components distribution slowdown Q1 2025
News
European components distribution (DMASS) experienced a continued slowdown in the first quarter 2025.
Read more...
Semiconductor sales increase 17% YoY
News
The Semiconductor Industry Association (SIA) recently announced global semiconductor sales were $54,9 billion during the month of February 2025, an increase of 17,1% compared to the February 2024 total.
Read more...
Silicon Labs – Q1 results
News
Silicon Labs, a leading innovator in low-power wireless, recently reported financial results for the first quarter, which ended April 5, 2025.
Read more...
Strengthening industry through strategic partnerships at KITE 2025
Specialised Exhibitions
News
The KwaZulu-Natal Industrial Technology Exhibition is not just an exhibition, it is a powerhouse of industry collaboration where visitors and exhibitors gain access to authoritative insights, technical expertise, and high-impact networking opportunities.
Read more...
Solar Youth Project calls on industry to step up
News
With the second cohort completed training and the first cohort returning for their final module, host companies are urgently needed to turn the training into a long-term opportunity.
Read more...
Conlog powers SA’s future with national smart meter rollout
News
Conlog recently secured the RT29-2024 contract from National Treasury, which is seen to be a major milestone towards modernising SA’s utility infrastructure.
Read more...
Zuchongzhi-3 sets new benchmark
News
This latest superconducting quantum computing prototype features 105 qubits and 182 couplers to operate at a speed 10¹5 times faster than the most powerful supercomputer currently available.
Read more...
Automatic device attestation certificate for Panasonic
News
DigiCert recently announced it has partnered with Panasonic Industry Europe to integrate DigiCert Device Trust Manager with Panasonic’s PAN-MaX intelligent manufacturing service for seamless Matter certification of interoperable smart home devices.
Read more...
From the editor's desk: Are we really being ripped off?
Technews Publishing
News
To the surprise of many customers, installing solar panels does not always eliminate their utility bill – and in some cases, the power utility may impose additional charges on solar-powered homes.
Read more...
Winner of the Advanced Electronics Challenge
Avnet Silica
News
Avnet Silica has named Hydronauten winner of the Advanced Electronics Challenge for breakthrough AI-driven vibration damping technology.
Read more...
printer friendly version