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:

SACEEC celebrates standout industrial innovation on the KITE 2025 show floor
News
Exhibitor innovation took the spotlight at the KITE 2025 as the South African Capital Equipment Export Council announced the winners of its prestigious New Product & Innovation Awards.

Read more...

---

SA team for International Olympiad in Informatics
News
The Institute of Information Technology Professionals South Africa has named the team that will represent South Africa at this year’s International Olympiad in Informatics.

Read more...

---

Anritsu and Bluetest to support OTA measurement
News
Anritsu Company and Sweden-based Bluetest AB have jointly developed an Over-The-Air measurement solution to evaluate the performance of 5G IoT devices compliant with the RedCap specification.

Read more...

---

The current sentiment of the global electronics manufacturing supply chain
News
In its latest report, the Global Electronics Association provides an analysis of the current sentiment and conditions in the global electronics manufacturing supply chain as of June 2025.

Read more...

---

Global semiconductor sales increase in May
News
The Semiconductor Industry Association recently announced global semiconductor sales were $59,0 billion during the month of May 2025, an increase of 19,8%.

Read more...

---

New president for Avnet EMEA
News
Avnet has announced that Avnet Silica’s president, Gilles Beltran, will step into the role of president of Avnet EMEA.

Read more...

---

DARPA sets new record for wireless power beaming
News
In tests performed in New Mexico, the Persistent Optical Wireless Energy Relay program team recorded over 800 W of power delivered for about 30 seconds with a laser beam crossing 8,6 kilometres.

Read more...

---

Nordic Semiconductor acquires Memfault
RF Design News
With this acquisition, Nordic has launched its first complete chip-to-cloud platform for lifecycle management of connected products.

Read more...

---

Trina storage demonstrates high efficiency and long-term reliability
News
Independent testing confirms 95,2% DC efficiency and 98% capacity retention after one year of operation.

Read more...

---

From the editor's desk: AI – a double-edged sword
Technews Publishing News
As with any powerful tool, AI presents challenges, some of which, if not carefully managed, threaten to undo the potential that it can offer.

Read more...

---