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Electronics Production | May 26, 2010

Difficult decade for connector industry

The first decade of the 21st century was very difficult for the connector industry. It was a period of feast and famine, setting industry highs and lows in demand for connectors, writes Bishop & Associates.
The decade began with the best year in connector history with sales growing +18.1%. The following year sales plunged -19.1% and then -9.6% in 2002. These were the two worst years in industry history, writes the market researcher in its latest Connector Spring Forecast Report.

Following 2002, the industry experienced six consecutive years of growth, beginning in 2003 and lasting through 2008. The industry achieved a phenomenal compound annual growth rate of +9.5% during these six years. This is considerably higher than the industry’s twenty-five year CAGR of 6.0%.

The last year of the decade, 2009, sales demand plummeted again and the decline of -21.8% set a new industry record low, making 2009 the worst year in industry history. The following two graphs clearly show the volatile swings in connector demand during the first decade of the 21st century.

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