The global connector market reached a size of $96.3 billion in 2023 and $85 billion in 2024. China is the world's largest connector market; in 2023, its market size reached $29.3 billion, accounting for 30.43% (or 30.5%) of the global total. The market size of China's connector industry grew from RMB 143.8 billion in 2020 to RMB 218.1 billion in 2024, representing a compound annual growth rate (CAGR) of 10.97%, with a projected increase to RMB 231.2 billion in 2025.
In terms of application sectors, the communications field holds the largest market share at 23.47%, followed by automotive, consumer electronics, and industrial sectors, with shares of 21.86%, 13.13%, and 12.8%, respectively.
Connector manufacturers from Europe, the United States, and Japan entered the industry earlier and possess significant advantages in patented technologies, production processes, design concepts, and process control. After years of development, the overall technical level of China's connector industry has improved substantially; outstanding domestic enterprises-such as Luxshare Precision and AVIC Jonhon Optronic-have emerged and secured major market shares. For instance, in 2023, AVIC Jonhon Optronic's connector business generated RMB 19.84 billion in revenue, accounting for 98.9% of its total operating revenue.
Recent developments among representative enterprises reflect industry trends; for example, from January to September 2025, automotive connector business accounted for 32.14% of the revenue for E-Lian Technology. Shenglan Shares has designated liquid cooling technology as a future strategic priority, with relevant products already achieving commercialization. The revenue composition of Huafeng Technology's core business is: 61.65% from assemblies and 29.83% from connectors.
Connector technology is evolving toward higher speeds (such as the shift to 224Gbps), high-voltage and high-current capabilities (to meet the fast-charging needs of new energy vehicles), miniaturization and high density, high reliability, and intelligence. Production trends are moving toward automation, large-scale operations, and precision manufacturing. Non-contact connection technology represents another future direction for development. Regarding the industrial policy environment, the National Development and Reform Commission (NDRC) issued the *Guidance Catalogue for Industrial Structure Adjustment (2024 Edition)*, encouraging the development of industries such as "manufacturing of new electronic components" and "specialized materials for electronic component production."
