After growing 7.8% in 2022, the connector industry faced difficult times in 2023, declining -2.7%.
- Did all market sectors and product types decline, or were some able to weather the turbulent times of 2023 better than others?
- With connector sales declining in 2023, did all regions lose sales dollars or were some regions able to weather the storm and show growth? How will these same regions perform in 2024, in 2028?
- Which market sector or sectors showed the greatest growth in 2023, and which showed a decline? How does this compare to past years? How are these same markets anticipated to perform five-years from now or will other market sectors out-perform them?
- Over the last 10 years, certain product types have grown more than others. Are fiber optic connectors still anticipated to show greater growth than other types? How will the drive towards electric vehicles affect the growth in the power/high voltage connector market? Will the ongoing political and economic woes many countries are facing affect the growth in the military market, the consumer market?
Analyzing the connector industry from 2014 through 2023, with a preliminary 2024 and 2029 forecast, Bishop & Associates latest research report, The Connector Market Handbook, details the connector industry by region, end-use equipment sector, and product type. Utilizing tables and graphs, key statistics are provided for total world, as well as by individual region.
Decreasing 2.7% in 2023, the connector industry saw total sales decline over $2 billion. Is the industry anticipated to pull itself out of this hole, and recover what was lost in 2023 or will it take several years to regain what was lost in a single year? Track and monitor the ways in which the connector industry has changed over the last decade and how it will change in the next five years – order your copy of The Connector Market Handbook.https://bishop-research.com/research-reports/ols/products/2024-world-connector-market-handbook-m-700-24-march-2024