Average revenue growth is expected to grow by 11.2% per year over the course of the next five years within the electronic components manufacturing industry in China.
IBISWorld, America’s largest publisher of industry research, have made the claim based on future projections. If true, the figures will provide a significant boost to the electronics manufacturing industry throughout the globe.
Total industry revenue is expected to reach $268.82 billion in 2016. This would represent a sustained period of growth for the industry and would be great new for manufacturers of components such as connectors and semiconductors all over the world.
One of the products which might be set to receive a significant boost is hybrid connectors.
Hybrid connectors are one of the most durable and efficient electrical connectors on the market.
They are modular, which essentially means they tend to be very useful for simplifying assembly, repair and future modifications.
They are also very effective in reducing equipment installation time as they help to reduce the amount of individual cable and connector assemblies.
Probably the most unique feature of hybrid connectors is the fact that they have housings.
This allows for the intermixing of many connector types including power connectors, radio frequency connectors and USB connectors. They really are one of the most durable and versatile type of connectors available throughout the entire industry.
Leading connector manufacturers
Challenger Components have over 50 years of experience in connector products and a variety of additional electrical components. They also work alongside a number of leading brand names within the electronics manufacturing industry such as Amphenol, Nicomatic and 3M.
For full details of all the products available from manufacturers such as those named above, as well as numerous other established brand names, contact www.challengercomponents.com