The downstream application scenarios of connectors continue to expand, and Kaiwang Technology vigoro

On March 6, 2023 at 20:41, Sina Author Securities Daily VoiceA connector is an electronic component that enables the transmission and exchange of electrical energy and signals in electronic devices. As a node, a connector is a necessary basic component for connecting electronic systems. Its downstream applications cover multiple fields such as automobiles, transportation, communication, consumer electronics, and railways.

In recent years, with the continuous acceleration of 5G construction in China and the deepening exploration of artificial intelligence, various novel formats and complex scenarios have gradually emerged. The development of safe cities and smart cities has accelerated, unmanned driving technology has advanced, and the application scenarios of the metaverse have been extended. The demand for downstream connectors is undergoing structural changes, and the market space is continuously expanding.

According to the latest statistics from Bishop&Association, the overall size of China's connector market reached 24.978 billion US dollars in 2021, a year-on-year increase of 23.8%. According to the forecast of Forward Industry Research Institute, the annual compound growth rate of sales revenue of domestic connector industry enterprises above designated size is about 8% from 2022 to 2027, and the industry's sales revenue will exceed 40 billion US dollars in 2027.

Under such development momentum, as a well-known domestic manufacturer of precision cable electronic connection components, Kaiwang Technology firmly seizes the opportunity. On the basis of consolidating its existing core customers in the security field, the company closely follows the development needs of customers, actively expands the product chain extension, improves the vertical integration ability of products, expands the application of products in the fields of communication equipment and consumer electronics, and vigorously develops new materials, rail transit Applications in fields such as medical devices, new energy, and automotive electronics.

Due to the continuous emergence of new application scenarios, the upgrading of downstream connector industry products is showing an accelerating trend, and connector manufacturers must keep up with the development trend of downstream industry technology. In the field of security monitoring, product updates are fast and are developing towards high speed and high airtightness; In the field of communication equipment, products are developing towards high-speed transmission and convenient connection technology, which puts higher technical requirements on connector manufacturers. Therefore, connector manufacturers can only maintain strong profitability by continuously developing new technologies, adapting to market trends, and building their own core competitiveness.

In addition, with the specialization and refinement of social division of labor, the demand for downstream large manufacturers in the connector industry is gradually shifting from simple connector products to system connection solutions. This requires connector manufacturing enterprises to provide complete technical services, including participating in customer product synchronous design, assisting customers in formulating product plans, selecting, testing, and manufacturing raw materials used, And be able to complete product manufacturing and delivery services in a timely manner.

Based on the development background of the aforementioned industries, Kaiwang Technology adheres to the path of independent innovation and regards the construction of technological innovation capabilities as the driving force for the company's sustainable development. In 2022, Kaiwang Technology continued to focus on technological innovation, enrich its product line, build system capabilities, and solidify the foundation of long-term sustainable development. In the first three quarters of 2022, the company invested 21.045 million yuan in research and development, a year-on-year increase of 30.49%.

In terms of R&D implementation configuration, Kaiwang Technology currently has a product R&D team with high technical level, familiar with industry technology development direction, rich project experience, and good at innovation. Through independent innovation R&D, collaborative customer R&D, and auxiliary customer R&D, it timely develops connection components that meet customer needs. In addition, the company's technology center has strong research and development capabilities and has been recognized as the "Henan Province Enterprise Technology Center", "Henan Province Precision Connection Component Engineering Technology Research Center", and "Henan Province Precision Cable Connection Component Industrial Public Technology Research and Design Center".

The company will continue to maintain investment in technological research and development, consolidate the technological foundation of interconnection solutions, continuously enrich product types, and actively promote the automation upgrade and transformation of lean production through standardization and normalization of product research and development design, production process design, and tooling design. We will create lean manufacturing solutions with intelligent tooling, fixtures, and other core components, and devote ourselves to exploring multiple scenarios of electronic precision cable interconnection solutions The application provides the company with comprehensive, diverse, and customized electronic precision cable interconnection solutions to safeguard its products Kaiwang Technology stated.