LONDON The connector market in Central and Eastern Europe (CEE), including Russia, is to outshine the total European market with a predicted compound annual growth rate for the next five years close to 12 percent.
In comparison, the Western European connector market is expected to grow at a modest CAGR of just over 3 percent during the same period according to a report issued by Bishop & Associates.
In 2005, the CEE region represented approximately 10 percent of the total European connector market but Bishop says this share will grow to almost 15 percent by the year 2010. Five countries dominate the CEE connector market together represented 84% of 2005 connector demand in the region.
In 2005, consumer electronics was the largest CEE market for connectors. However, by 2010, the automotive sector is projected to be the largest CEE connector market says Bishop. Other connector markets achieving 'excellent' growth are industrial equipment and computers & peripherals.
The report Emerging Connector Markets In Central & Eastern Europe supplies detailed statistics for 16 countries: the current European Union Member States Poland Hungary, Czech Republic, Slovak Republic, Slovenia, Estonia, Latvia, Lithuania; the two countries joining in 2007 Romania and Bulgaria; candidate countries to the European Union Croatia and Turkey and the Commonwealth of Independent States Russia, Ukraine, Moldova and Belarus.