The connectors industry, like most of the technological world, centers around change. It is always in flux, both responding to current innovations and awaiting the announcement of future breakthroughs. As the years pass, products have become smaller, lighter, faster, and more efficient, and manufacturers must respond to and follow these trends. Plus, they have to balance customer satisfaction with maintaining a steady profit.
Change is a challenge for the connector industry because it relies on other industries to succeed. You would never buy a connector to use on its own, after all. It must be paired up with another device to be useful. Not to mention the fact that the connector industry must follow government regulations and respond to customers’ ever-changing desires.
For example, consumers are far more concerned with environmental initiatives than they used to be. In response, the field of environmentally-efficient energy has blossomed and created more opportunities for connectors, which are used in everything from wind turbines to solar panels. But environmentally-conscious consumers have also caused regulations like RoHS and REACH to go into effect. While these initiatives help protect people and the environment from toxic materials, they have also caused many headaches in the connector industry.
Finally, it is important for manufacturers in the connector industry to analyze the changes in the market and understand when certain products (though they may be old classics) are fading away. Just as old technological devices become obsolete (like portable CD players), so do connectors (like RJ45 connectors). As much as the world loves progress, it does often leave old products in its wake. Because of this, the future of connectors currently on the market is very dependent on the future of other industries, including electronics, space, medicine, and the military.
To remain profitable, the connector industry must focus both on what innovations are in the works and on what the customer is saying. By balancing that data with trends like size, weight, speed, and cost, they can stay current and successful, but it’s a constant battle.
Change can cause a lot of stress, but it also opens up new possibilities. To remain successful, the connector industry must always be on its game.