In 2019, the scale of China's industrial connector market is about 90 billion yuan. In 2020-2021, with the accelerated construction of China's 5G base stations and the rapid development of the new energy automobile industry, the market scale of the two sub-sectors of traffic field connectors and automobile field connectors will increase rapidly, and the iteration speed of industrial control and rail transit market will be slow, and the market scale will develop steadily. On the whole, from 2020 to 2021, the scale of China's industrial connector market will grow steadily in the whole connector market. In 2021, driven by the field of communication and new energy vehicles, the scale of China's industrial connector market rose to about 110 billion yuan.

In the future, with the accelerated construction of 5G base stations and the development of new energy automobile industry, connectors in communication field and automobile connectors will become the main driving factors for the growth of China's industrial connector market. According to Bishop&Associate data, in 2025, China's communication connector market will reach about 9.5 billion US dollars, and the automobile connector market will reach about 4.468 billion US dollars. From 2019 to 2025, the compound annual growth rate of the communication connector market will reach about 7%, and the compound annual growth rate of the automobile connector market will reach about 5%. Therefore, if we measure the market size of industrial connectors in China, the market size will exceed 150 billion yuan in 2028.