At present, the global automobile connector industry accounts for about 15% of the connector industry. In the future, it is expected to take up a large proportion driven by automobile electronic products. In terms of product cost structure, the average connector cost of every vehicle in China is only a few hundred yuan. Compared with thecost of custom connectors every vehicle in foreign countries, the connector Market in China has great development potential.
In the future, each car will use 600-1000 mil spec electrical connectors, far more than the number used today. China is expected to become an important production base of automobile connectors in the future. In addition to the existing first-line well-known international large-scale factories, other manufacturers who have not yet set up factories in China will gradually establish production bases in China to supply local auto parts manufacturers due to the continuous improvement of local demand, local procurement, cost advantages and other factors. Therefore, in the future, China's automotive electrical connectors industry will be a very competitive market for foreign enterprises and local enterprises. China will also become one of the important countries of automobile connector production under the development of foreign enterprises and local enterprises.
In the future, it remains to be seen who will become the leader of China's automotive power connectors among local enterprises, foreign-funded enterprises and foreign-funded enterprises. The development of Sunkye in the field of automobile connectors is worth looking forward to.
Sunkye Connection Technologies provides a wide product portfolio with a complete interconnect solutions offering. Sunkye connectors and cables assemblies are complementary with Sunkye backshells and conduits.
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