1. Technological innovation capability:
Foreign connector manufacturers invest more resources in technology research and development and innovation, and continuously launch new products and solutions to meet the ever-changing market needs. In contrast, domestic connector manufacturers invest relatively less in technological innovation, resulting in low technical content and competitiveness of products.
2. Quality management and production process: Foreign connector manufacturers focus on product quality control and management, strictly follow international standards, and pass ISO certification and other quality system certifications. However, there is still a certain gap between domestic connector manufacturers in quality management and production process, resulting in relatively low stability and reliability of products.
3. Market development and sales channels:
Foreign connector manufacturers have a wider international market network and sales channels, and can better cooperate and communicate with global customers. However, domestic connector manufacturers are relatively weak in market development and sales channels, and often rely more on agents or distributors for sales, resulting in a small market share.
4. Competitive pressure:
The advantages of foreign connector manufacturers in technology and quality enable them to obtain more orders and customers in the global market, forming a strong market competitiveness. When facing international market competition, domestic connector manufacturers need to improve product quality and technical level, strengthen brand building and market expansion, so as to compete with foreign competitors.
5. Supply and demand:
The connector market is also affected by supply and demand. According to the Commodity IQ Price Index, the prices of connectors and terminal modules rebounded rapidly in January after experiencing seasonal declines and sluggish demand in the fourth quarter of 2023. The price of connectors rose by 1.9%, while the price of terminal modules rose by 6.7%. In particular, the prices of low-profit products and old products have also risen to varying degrees.
