We believe the major reason for the lack of growth is related to economic problems in Europe and the fact that the growth in global Gross Domestic Product (GDP) is lower than historical norms. Most believe we will remain in a slow growth environment in the electronic industry until the US GDP starts to improve. Besides, as a very important spot for AISG connector technology, Japan is close to slipping into recession.
In terms of the innovation system of the AISG connector industry, China is continuously gaining the potential of being the industry leader in both manufacturing and technology, along with the growing leadership of some global-level Chinese telecommunication suppliers such as Huawei and ZTE.
The global AISG Connector market is valued at 1000 million USD in 2018 and is expected to reach 1080 million USD by the end of 2024, growing at a CAGR of 1.4% between 2019 and 2027.
