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The connector industry shipped $1.365 billion more this quarter than the same period in 2016 for a sales increase of +10.8%. Orders booked were $14.565 billion versus $12.640 billion in 1Q16 for a +15.2% increase.

The Internet of Things is not only driving the electronic component market, but it’s also influencing the direction design/development kits are taking. While passives and connectors are changing to meet the new demands of IoT projects (for example many IoT nodes need capacitors for coupling, decoupling and filtering), manufacturers also are being asked to deliver smaller packages that deliver the same capacitance or resistance as their former larger versions along with excellent reliability and a high Mean Time To Failure (MTTF).

European Update; N America-Based SEMI Equipment Manufacturers May Global Billings up 41.9% Y/Y; China Accounted for 10 of Top 14 Leading Smartphone Suppliers in 2016, Share Grows to 39%; Worldwide Internet of Things Spending to Grow 16.7% Y/Y to $800 Billion+ in 2017 and to nearly $1.4 Trillion by 2021; Automotive Electronics Market: A View from Material Supplier; Handset Component Business Outlook Positive in 2H’17; NAND Flash Memory Chip Market to Have Severe Shortage in 3Q’17. Tight Supply Will Persist Through 4Q’17; Global Glass Fiber Market Forecast to Grow 4.8% CAGR to $9.4 Billion by 2022; U.S. Industrial Production Declined 0.4% in May, after 1.1% Increase in April