In an institutional research report, Luxshare Precision disclosed that it launched its automotive connector product catalog this year. This catalog encompasses a comprehensive array of low - voltage, high - voltage, and high - speed connectors, along with custom - made components. This positions Luxshare Precision as one of the select few domestic manufacturers equipped with full - scale forward - looking development capabilities.

The current global connector market is valued at approximately RMB 200 billion and is showing a consistent upward growth trend. Within this market, Luxshare Precision has emerged as a significant contender in the high - voltage connector segment. The company commenced mass production of high - voltage connectors several years ago. Looking ahead, it is anticipated that there will be no more than five major domestic manufacturers in this particular field.

Luxshare Precision entered the mass - production phase for high - speed connectors last year. Industry experts predict that this segment will experience explosive growth next year, with the number of mainstream manufacturers likely to remain at three or fewer.

Similarly, the company started mass - producing low - voltage connectors last year. These connectors have witnessed rapid market penetration. In the future, the number of mainstream domestic suppliers in this area is expected to be no more than two, and there's even a possibility that only one will compete on the global stage.

At present, Luxshare Precision's products have garnered recognition from globally renowned automakers. The company has successfully secured overseas orders for high - voltage connectors. Based on current trends and market projections, it is estimated that Luxshare Precision will ascend to the position of China's largest automotive connector manufacturer by 2027.