I. Connector Market: Concurrent Scale Expansion and Technological Advancement

1. Global Scale and Regional Dynamics

• Market Size: Global connector market reached $98.09 billion in 2024, projected to exceed $163.69 billion by 2031at 7.7% CAGR. North America and Europe remain core markets(＞45% combined share), while Asia-Pacific leads growth with 29.6% YoY increase in May 2025 (China: +21.6%).

• Competitive Landscape: TE Connectivity, Amphenol, and Molex dominate 35% global share. Industry consolidation intensified as top10 manufacturers held 52.6% market share in 2023.

2. China's Market Ascent and Transformation

• Scale &  Position: China's connector market hit ¥186.6B($26.9B) in 2024, capturing 32% global share as the world's largest production and consumption hub.

• Technology  Upgrading:
       ✅ High-Voltage  Automotive Connectors: Per-vehicle value surged to ¥3,000-5,000 (vs. ¥1,000-2,000 for ICE vehicles). Domestic market projected at ¥27.5B by 2025.
       ✅ High-Speed RF Connectors: L4 autonomous driving fuels demand—Mini Fakra market to hit $1.02B by 2030      (21.3% CAGR).

II. PCB Industry: AI and Green Manufacturing Reshape Value Chains

1. Scale and Supply Chain Integration

• Market Size: China's PCB manufacturing revenue reached ¥373.1B in 2024 (+15.4% YoY), significantly outpacing global average (8-10%).

• Localization Breakthroughs:
         Upstream CCL/electronic chemicals: ¥185.9B(+20% YoY). Equipment  localization accelerated (e.g., Han's Laser CO₂ drilling machines: 50% domestic share).
         High-end PCB localization rate jumped from15% (2020) to 35% (2024) for IC substrates and AI server-grade high-frequency boards.

2. Demand Drivers and Technology Evolution

III. Future Outlook: Four Growth Pillars and Domestic Substitution Opportunities

1. Strategic Growth Sectors

• HV Connectors: 800V platforms drive voltage rating upgrades. Liquid-cooled ultra-fast charging guns command $420-560/unit (Yonggui Electric in mass production).

• Smart Factory Wiring: Rising robot density spurs self-healing cables (debut at Wuhan Expo) and 10,000+mating cycle solutions.

• Space Economy: Amazon's Kuiper Project to launch 1,000+ satellites by 2025. PCB suppliers Unimicron and Tripod see＞20% revenue exposure.

• Green Manufacturing: World's first carbon-neutral wiring harness line launched. Biodegradable material adoption to exceed 30% by 2026.

2. Accelerated Domestic Substitution

• Policy Support: MIIT's Manufacturing  Reliability Enhancement Initiative funds high-speed connector R&D.

• Capacity Expansion: 7 listed PCB firms invested ¥32B in Southeast Asia supply chain localization (Xiamen-ASEAN customs clearance: 8 hours).

Industry Event Preview

• Wuhan International Connector Expo (Oct 11-13, 2025):
       Debuting quantum-encrypted wiring harnesses & bionic neural connectors.

• Xiamen Global Connector Summit (Dec 10-12, 2025):
       Launching domestic 56Gbps high-speed backplanes&aerospace-gradeCFRP harnesses (40% weight reduction).