Connector Industry Reports

Connector Industry Forecast


Report Number: F-2022-02
Price: $5135.00
Publication Date: June 2022



Connector Industry Forecast 2022-2027

Although 2021 proved to be a year full of surprises, it appears that despite several strong headwinds, 2022 is proving to be even more surprising!

  • How is the connector industry preforming in 2022? Are the lingering effects of the pandemic still affecting the industry? Which regions appeared to have weathered the pandemic better than others? Which market sectors?
  • Which market sectors and sub-sectors will show the greatest growth in 2022, in 2027? Which market sectors and sub-sectors if any, are anticipated to contract? What are the prevailing market trends by sector?
  • In addition to the semiconductor shortage, what other outside factors are affecting connector growth in 2022? What factors may affect growth beyond 2022?
  • Historically, how will 2021’s and 2022’s performance impact demand? How are currency fluctuations impacting connector sales dollars?

Bishop & Associates’ newest research report, the Connector Industry Forecast looks at past sales and reviews total world connector sales in 2021, providing a comprehensive analysis by region and market sector of projected connector sales for 2022 through 2027. With connector sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US dollars of the world connector industry.

2022, like 2020, is turning out to be a year no one could have expected. Review the connector industry’s extraordinary performance, order your copy of the Connector Industry Forecast.

Connector Industry Forecast

Chapter 1 – 2022 – Proving to be a Year Even More Surprising than 2021!
  • Billings Year-over-Year and Year-to-Date
  • Industry Sales Performance by Region
  • 2020 and 2021 Connector Sales by Region with Percent Change
  • 2021 and 2022F Connector Sales by Region with Percent Change
  • 2020 and 2021 Connector Sales by Market Sector with Percent Change
  • 2021 and 2022F Connector Sales by Market Sector with Percent Change
  • Change in Market Share
  • Market Share by Region 2012 through 2022F
  • Industry Sales Performance by Month
  • Industry Sales Performance by Market Sector 2019 and 2020 with Percent Change
  • Change in Percent Growth 2019 versus 2020
  • Industry Sales Performance by Market Sector 2020 and 2021 with Percent Change
  • Change in Percent Growth 2020 versus 2021
  • Industry Sales Performance by Market Sector 2021 and 2022F with Percent Change
  • Change in Percent Growth 2021 versus 2022F
  • Historical Sales Performance
  • Connector Industry Business Cycles Growth Cycles Highlighted
  • Historical Percentage Change in Connector Demand
  • 2021 YTD Currency Impact on Regional Industry Growth
  • Local Currency to One USD April 2021 versus April 2022
  • Industry Sales Performance April 2022 USD-vs-Local Currencies
  • 2022 Outlook
  • 2022F Connector Forecast by Geographical Region with Percent Change
  • Forecast Assumptions
  • Five-Year Outlook (2022-2027)
  • Five Year Forecast – Region Percent Year-Over-Year Change Sales
  • Five Year Forecast – End-Use Equipment Sector Percent Year-Over-Year Change Sales
  • Market Outlook and Comments
  • Computers-Peripherals Sector
  • Overview
  • Market Trends
  • PC OEM Forecast $ x Billions
  • Current and Future Paradigms
  • Global Market Conditions
  • World Server & Connector Market by Regional Consumption 2019-30
  • Comments
  • Some of the Overall Trends Affecting the Computer Market Sector
  • Trends by Subsector
  • 2022F World Computer and Peripheral Connector Forecast – Market Share by Region
  • Business/Office Equipment Sector
  • Global Market Conditions
  • Trends by Subsector
  • Overall
  • 2022F World Business/Office Equipment Connector Forecast - Market Share by Region
  • Instrumentation Sector
  • Global Market Conditions
  • World Instrumentation Connector Sales Forecast 2022F through 2027F
  • Worldwide Connector Market by End-Use Equipment Sector 2021 – 2022F
  • 2027 Forecasted Total World Connector Sales by End-Use Equipment Sector
  • Worldwide Instrumentation Market by Sub-Sectors
  • Worldwide Instrumentation Connector Market by Sub-Sector – 2027F
  • Automatic Test Equipment Sub-Sector
  • Analytical and Scientific Instruments
  • Other Instruments
  • Regional Sub-Sector Views
  • North America
  • North American Instrumentation Connector Sales Forecast 2022F through 2027F
  • Europe
  • Europe Instrumentation Connector Sales Forecast 2022F through 2027F
  • Japan
  • Japan Instrumentation Connector Sales Forecast 2022F through 2027F
  • China
  • China Instrumentation Connector Sales Forecast 2022F through 2027F
  • Asia Pacific
  • Asia Pacific Instrumentation Connector Sales Forecast 2022F through 2027F
  • ROW
  • ROW Instrumentation Connector Sales Forecast 2022F through 2027F
  • 2022F World Instrumentation Connector Forecast - Market Share by Region
  • Medical Equipment Sector
  • Global Market Conditions
  • Worldwide Medical Connector Sales Forecast Update 2020, 2021, 2022F through 2027F with Percent Change and Five-Year CAGR
  • Worldwide Medical Market Sub-Sectors
  • Worldwide Medical Connector Market by Sub-Sector 2022F and 2027F
  • Diagnostics and Imaging Equipment Market
  • Therapeutic Equipment Market Conditions
  • Other Equipment Market Conditions
  • Regional Sub-Sector Views
  • North America
  • North America Medical Connector Sales Forecast Update 2020, 2021, 2022F, and 2027F with Percent Change and Five-Year CAGR
  • Europe
  • Europe Medical Connector Sales Forecast Update 2020, 2021, 2022F, and 2027F with Percent Change and Five-Year CAGR
  • Japan
  • Japan Medical Connector Sales Forecast Update 2020, 2021, 2022F, and 2027F with Percent Change and Five-Year CAGR
  • China
  • China Medical Connector Sales Forecast Update 2020, 2021, 2022F, and 2027F with Percent Change and Five-Year CAGR
  • Asia Pacific
  • Asia Pacific Medical Connector Sales Forecast Update 2020, 2021, 2022F, and 2027F with Percent Change and Five-Year CAGR
  • ROW
  • ROW Medical Connector Sales Forecast Update 2020, 2021, 2022F, and 2027F with Percent Change and Five-Year CAGR
  • 2022F World Medical Connector Forecast Market Share by Region
  • Industrial Equipment Sector
  • Introduction and Market Definitions
  • Traditional Industrial Market - Main Market Segments
  • Industrial Internet of Things – IIoT Market Segments
  • Key Market Segments for the Industrial Connector Market
  • Outlook for the Global Industrial Market for Connectors
  • Industrial Connector Market Sales Performance by Region 2020 – 2022F
  • Industrial Connector Market Sales Performance by Region 2021 – 2023F
  • Industrial Connector Market Sales Performance by Subsector 2019-2021F
  • Industrial Connector Market Sales Performance by Subsector 2020-2022F
  • Global Industrial Production 2010-2022
  • Regional View
  • North America
  • Annual YoY Growth Rates and Forecast through 2027 of the NA Industrial Market for Connectors
  • Europe
  • Annual YoY Growth Rates and Forecast through 2027 of the European Industrial Market for Connectors
  • Japan
  • Annual YoY Growth Rates and Forecast through 2027 of the Japanese Industrial Market for Connectors
  • China
  • Annual YoY Growth Rates and Forecast through 2027 of the Chinese Industrial Market for Connectors
  • Asia Pacific
  • Annual YoY Growth Rates and Forecast through 2027 of the AP Industrial Market for Connectors
  • ROW
  • Annual YoY Growth Rates and Forecast through 2027 of the ROW Industrial Market for Connectors
  • Industrial Market for Connectors – Market Outlook 2022F through 2027F
  • Industrial Market for Connector Five-Year CAGR 2022F through 2027F by Subsector
  • Industrial Market for Connectors by Region 2021, 2022F, and 2027F and Five-Year CAGR
  • Industrial Market for Connectors by Segment 2021, 2022F, and 2027F
  • Five-Year CAGR by Region for the Industrial Market for Connectors 2022F to 2027F
  • Annual YoY Growth Rates and Forecast through 2027 of the World Industrial Market for Connectors
  • 2022F World Industrial Connector Forecast - Market Share by Region
  • Automotive Sector
  • Global View
  • Automotive Connector Sales by Region 2020, 2021, and 2022F with Percent Growth
  • 2017, 2022F, and 2027F Worldwide Automotive Connector Market by Region with 5- and 10-Year CAGR
  • 2022F World Automotive Connector Forecast – Market Share by Region
  • Transportation – Non-Automotive
  • Commercial Vehicles
  • Civil Aviation
  • Rail
  • RV and Power Sport (Motorcycles, ATVs, and Other Similar Equipment) and Marine
  • 2022F World Transportation Connector Forecast – Market Share by Region
  • Military/Aerospace Sector
  • Global Market Conditions
  • 2022F World Military/Aerospace Connector Forecast - Market Share by Region
  • Telecom Equipment Sector
  • Global Market Conditions
  • Technology and Market Trends
  • Regional View
  • North America
  • Europe
  • Japan
  • China
  • Asia Pacific
  • ROW
  • 2022F World Telecom/Datacom Connector Forecast - Market Share by Region
  • Consumer Electronics Market Sector
  • Global Market Performance & Forecast
  • Consumer Electronic Market Segments
  • Current Nature of this Market and Connector Applications
  • Latest Input: 2022 CES
  • 2022F World Consumer Connector Forecast - Market Share by Region
Chapter 2 – World Connector Forecast
  • World Connector Market Forecast – Year-to-Year Dollar Change
  • World Connector Market Forecast – Year-to-Year Percent Change
  • World Connector Market Forecast by Region
  • Year-to-Year Change by Region
  • Top Six End-Use Equipment Categories
  • World End-Use Equipment Forecast - Summary
  • 2021-2022F Percent Change and 2022F-2027F Five-Year CAGR
  • 2022F and 2027F Market Share by Equipment Sector
  • World End-Use Equipment Forecast - Detail
  • Computers & Peripherals
  • Mobile Computers
  • Desktops
  • Servers
  • Storage Equipment
  • Input/Output Equipment
  • Communication LAN Devices
  • Other Computer Equipment
  • Business/Office Equipment
  • Retail/POS Equipment
  • Imaging Systems
  • Other Office Equipment
  • Instrumentation
  • Automatic Test Equipment
  • Analytical & Scientific Instruments
  • Other Instruments
  • Medical
  • Diagnostic & Imaging Equipment
  • Therapeutic Equipment
  • Other Medical Equipment
  • Industrial
  • Factory Automation and Machinery
  • Construction and Civil Engineering
  • Energy Markets
  • Other Industrial Equipment
  • Automotive
  • Body Wiring & Power Distribution
  • Powertrain
  • Comfort, Convenience & Entertainment
  • Navigation & Instrumentation
  • Safety & Security
  • Transportation
  • Commercial Vehicles
  • RV’s & Power Sports
  • Commercial Air
  • Marine
  • Rail
  • Construction
  • Farm & Garden
  • Military
  • Telecom/Datacom
  • Carrier Network
  • Enterprise Network
  • Mobile & Wireless
  • Wireless Infrastructure
  • Subscriber Equipment
  • Cable-Equipment-Infrastructure
  • Other Telecommunications
  • Consumer
  • Personal/Portable Consumer Electronics
  • Home Video Equipment
  • Home Audio Equipment
  • Consumer White Goods
  • Other Consumer
  • Other Equipment
  • World End-Use Equipment Forecast by Region
  • Computers & Peripherals
  • Business/Retail/Education Equipment
  • Instrumentation Equipment
  • Medical Equipment
  • Industrial Equipment
  • Automotive
  • Transportation Equipment
  • Military/Aerospace Equipment
  • Telecom/Datacom/ Equipment
  • Consumer Equipment
  • Other Equipment
Chapter 3 – North American Connector Forecast
  • North American Connector Market Forecast – Year-to-Year Dollar Change
  • North American Connector Market Forecast – Year-to-Year Percent Change
  • Top Six End-Use Equipment Categories
  • North American End-Use Equipment Forecast - Summary
  • 2021-2022F Percent Change and 2022F-2027F Five-Year CAGR
  • 2022F and 2027F Market Share by Equipment Sector
  • North American End-Use Equipment Forecast - Detail
Computers & Peripherals
  • Desktops
  • Servers
  • Storage Equipment
  • Input/Output Equipment
  • Communication LAN Devices
  • Other Computer Equipment
Business/Office Equipment
  • Retail/POS Equipment
  • Imaging Systems
  • Other Office Equipment
Instrumentation
  • Automatic Test Equipment
  • Analytical & Scientific Instruments
  • Other Instruments
Medical
  • Diagnostic & Imaging Equipment
  • Therapeutic Equipment
  • Other Medical Equipment
Industrial
  • Factory Automation and Machinery
  • Construction and Civil Engineering
  • Energy Markets
  • Other Industrial Equipment
Automotive
  • Body Wiring & Power Distribution
  • Powertrain
  • Comfort, Convenience & Entertainment
  • Navigation & Instrumentation
  • Safety & Security
Transportation
  • Commercial Vehicles
  • RV’s & Power Sports
  • Commercial Air
  • Marine
  • Rail
  • Construction
  • Farm & Garden
Military
Telecom/Datacom
  • Carrier Network
  • Enterprise Network
  • Mobile & Wireless
  • Wireless Infrastructure
  • Subscriber Equipment
  • Cable-Equipment-Infrastructure
  • Other Telecommunications
Consumer
  • Personal/Portable Consumer Electronics
  • Home Video Equipment
  • Home Audio Equipment
  • Consumer White Goods
  • Other Consumer
Other Equipment
Chapters 4 Thru 8 Provide the Same Detail Level as Chapter 3
  • Chapter 4 – European Connector Forecast
  • Chapter 5 – Japanese Connector Forecast
  • Chapter 6 – Chinese Connector Forecast
  • Chapter 7 – Asia Pacific Connector Forecast
  • Chapter 8 – ROW Connector Forecast

2022 Connector Industry Forecast

Bishop & Associates has just released the Connector Industry Forecast. This eight-chapter report provides an in-depth, and detailed forecast of the worldwide connector industry. In addition to the detailed forecasts for each region of the world (North America, Europe, Japan, China, Asia Pacific, and ROW), an industry overview is included which provides current market trends, currency fluctuation effects, and industry sales performance, as well as an outlook narrative.

Worldwide and each regional forecast includes:

Computers & Peripherals
Mobile Computers
Desktops
Servers
Storage Equipment
Input/Output Equipment
Communication LAN Devices
Other Computer Equipment

Business/Office Equipment
Retail/POS Equipment
Imaging Systems
Other Business/Office Equipment

Instrumentation
Automatic Test Equipment
Analytical/Scientific Instruments
Other Instrumentation

Medical Equipment
Diagnostic & Imaging Equipment
Therapeutic Equipment
Other Medical Equipment

Industrial
Heavy Equipment
Industrial Auto & Process Control
Building & Civil Engineering
Energy Markets
Machine Tools, Machinery & Robotics
Other Equipment


Automotive
Body Wiring & Power Distribution
Powertrain
Comfort, Convenience & Entertainment
Navigation & Instrumentation
Safety & Security

Transportation (non-auto)
Commercial Vehicles
RV's & Power Sports
Rail
Construction
Farm and Garden

Military/Aerospace

Telecom/Datacom
Carrier Network
Enterprise Network
Wireless Infrastructure
Subscriber Equipment
Other Telecommunications

Consumer
Personal/Portable Consumer
Home Video Equipment
Home Audio Equipment
Consumer White Goods
Other Consumer

Other Equipment

2022- Proving to be Even More Surprising than 2021!

After what we thought would be one of the most interesting years ever, 2022 is shaping up to be even more astonishing than 2021. Bookings remain extremely high, while component shortages, particularly in the semiconductor area continue to hold up shipments of not only automobiles, but also gaming devices, computers, appliances, and other personal electronics. Even with the shortages, which now also include a variety of raw materials, and in some cases even labor, connector manufacturers are still experiencing good shipments!

For the first time in 19 months, billings were negative in April, although year-to-date billings were up 8.3%. Sequentially billing also declined in April, decreasing 10.5%. April was also the first time in 20 consecutive months that bookings declined. Some feel this is the precursor to a shrinking backlog, but with backlog at 16.1 weeks year-to-date through April, it will take several months of declining bookings to shrink the backlog to more normalized ratios.

Industry Sales Performance by Region

As indicated by the chart below, growth was not equal across all regions in 2021 nor will it be in 2022. The ROW region, which includes Central and South America, South Africa, and Russia saw the greatest growth at 31.2%. The ROW region was followed by Europe with growth of 26.8% and the Asia-Pacific region with growth of 25.9%. China, the largest region for electronic connector sales increased 23.8%. Japan, which has struggled for the past several years to bring sales back to their high of $6.4 billion in 2012, showed the least growth, with sales only increasing 19.1%. North America, who had previously proved to the world that they could rapidly divert manufacturing capacity from one industry to another, saw connector sales increase a healthy 22.2%.

https://bishopinc.com/wp-content/uploads/2022/04/forecast-table1.jpg

Examining 2022, you see quickly that North America who was ranked fifth out of six regions for percentage growth in 2021, is ranked number one in 2022 with growth of Y.Y%. North America is followed by the ROW region, who drops from number one to number two in percentage growth, and who exhibits growth of Y.Y%. Japan, who as we previously mentioned has struggled to bring sales past the $5 billion mark, will show the least percentage increase, with sales only increasing a mere Y.Y%.

https://bishopinc.com/wp-content/uploads/2022/04/forecast-table2.jpg

Unlike 2021, where the region with the greatest percentage increase in sales was not the same region that exhibited the greatest increase in total dollars, North America will also represent the region with the greatest overall growth in sales dollars. North America will see sales dollars increase $X,XX5 million, followed by China, where sales dollars will increase $X,XX6 million. As in 2021, Japan will show the least increase in sales dollars, increasing only $XX million.

Growth in 2021 is also going to vary drastically based on region. Although the ROW region is anticipated to show the greatest year-over-year growth from a percentage standpoint, from a US dollar standpoint, the greatest growth is anticipated to be seen in China, where sales dollars will increase by over $X.7 billion.

In addition to connector sales results varying by region in 2021, electronic connector sales will also vary remarkably by market sector in 2022. As the table below shows, in 2021, the industrial market, which encompasses a variety of equipment, including industrial automation and process control equipment, robotics, machine tools, and machinery, energy generation and distribution, and building and civil engineering saw the greatest percentage growth, at 29.3%. The industrial market was followed by the telecom/datacom market where sales grew a strong 26.4%. Naturally this growth was driven by the increase in internet activity and the continuing drive towards 5G. These two market sectors were followed by the medical equipment sector, where not only the need to increase or replace therapeutic equipment drove sales, but also the increase in diagnostic equipment. Surprisingly enough, these two market sectors were followed by the transportation sector, where increases in rail and commercial vehicles continued to drive the market.

https://bishopinc.com/wp-content/uploads/2022/04/forecast-table3.jpg
2022 Outlook

With industry backlog at an all-time high and year-over-year growth in the double-digit range through the first four months of 2022, Bishop is forecasting 2022 sales to grow by Y.Y% to $XX,XXX.8 million. We anticipate the greatest percentage increase will occur in North America, where sales will increase Y.Y%, followed by ROW where sales will increase Y.Y%. As seen in the past few years, in US dollars, the smallest growth will be seen in the Japanese region, where connector sales will increase by $XX.2 million or Y.Y%. The Japanese region will be followed by ROW, where although percentage wise sales will show high single-digit growth, sales in US dollars will only equate to growth of $XXX.4 million.

https://bishopinc.com/wp-content/uploads/2022/04/forecast-table4.jpg
Forecast Assumptions

Forecasting is always difficult, especially during challenging times. Projecting future business conditions in this environment is almost impossible. Consider the following economic headwinds, political challenges, and uncertainties.

  • We have still not totally come out of a global pandemic. Although great strides have been made to bring things back to previous conditions, continued outbreaks of both old and new variants of COVID have made that extremely difficult. In addition to COVID, greater attention is also being given to other diseases including Monkey Pox.
  • Inflation is increasing, as are interest rates, leaving less discretionary income for consumers to use on non-necessary items, especially things like recreational vehicles, second homes, and personal watercraft.
  • World GDPs are slowing in all economies.
  • We have a semiconductor shortage that is predicted to last through all of 2022 and the beginning of 2023. This is affecting the automotive and consumer electronics/appliances industry extensively.
  • We have a global supply chain backlog, with shipping containers gridlocked, a global shortage of truck and crane operators, and rising transportation costs (fuel and maintenance).
  • Record high petroleum prices, sparking shortages and record high prices.
  • An ongoing labor shortage, with studies showing that by 2030, we will be an estimated shortage of 85 million workers globally!
  • Increasing political tensions: War in Ukraine, deepening friction between China and Taiwan, North Korea’s launching of eight ballistic missiles into the waters east of the Korean peninsula.
  • Iran is ramping up its nuclear program, after discussions with the Biden administration to rejoin the JCPOA stalled due to Russia’s demand for more exemptions from sanctions.
  • Afghanistan is being led by the Taliban, an organization that is notorious for cruelty and aggression.

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