Facts & Figures: 2014 Connector Industry Performance
Bishop & Associates crunched the numbers and here is its report on the connector industry’s performance in 2014.
Connector industry sales were up +5.1% in the fourth quarter of 2014 to $13,090 million. Connector sales grew +8.1% for the full year 2014 to $52,855 million.
The following table shows connector sales by quarter for 2014. 1Q14 had the most growth at +9.6% for the quarter. 3Q14 had the largest sales volume at $13,575 million or 25.7% of the full-year sales. The third quarter had the most sales volume in six out of the last 10 years.
Connector Industry Quarterly Sales and Forecast
2012, 2013, and 2014
The following chart shows year-over-year quarterly sales performance for the last 13 quarters.
2014 Regional Results
As seen in the following table, the industry had the most growth in China at +14.5% for the year to $13,635 million. Japan’s and Europe’s results were below expectations as their economies faltered during the year.
Transportation had the most growth of all the market sectors, followed closely by computers.
2013/2014 Connector Industry Sales Results
by Market Sector
Connector Industry Surpasses $50 Billion in Sales
Connector industry sales grew to $52.9 billion in 2014. In the 35 years that Bishop has tracked the industry, this is the first time that the industry has gone above this demarcation point.
As shown in the following chart, industry sales have grown more than six-fold since 1980. This is a compound annual growth rate of 5.3% over that timeframe.
Undoubtedly, the industry would have surpassed this level prior to now if not for the recession that began in 2008, which caused the industry to contract 22% in that one year. In 2010, however, the industry rebounded back up to the 2008 sales level, and 2012 was only a minor setback.