According to IMARC Group’s latest report, titled “Automotive Connectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the automotive connectors market share.
The global automotive connectors market size reached a value of US$ 12.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.7 Billion by 2027, exhibiting at a CAGR of 5.94% during 2022-2027.
Automotive connectors are electrochemical devices used for connecting and disconnecting electrical lines and prefabricated parts to the given wiring harness. They play a crucial role in adequate power distribution to various components. Automotive connectors are generally designed to withstand high and low temperatures, dirt, and wear and tear. They also connect electric terminals to make a complete circuit and ensure that the electronics and safety gadgets communicate and navigate effectively. These connectors also integrate advanced functions into the vehicle and ensure that components receive correct power distribution. As a result, automotive connectors find application in advanced safety and security features such as anti-theft alarms, adaptive cruise control, keyless entry, and auto emergency braking systems.
COVID-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Automotive Connectors Market Trends:
The market is primarily driven by the rising demand for connectivity, convenience, and safety features in passenger as well as commercial vehicles. Connectors are placed under the hood of automobiles as they have the capacity to withstand high and sub-zero temperatures and shocks. They also aid in avoiding fatal accidents and provide greater levels of security. Besides this, the increasing electrification among different vehicle segments is also fueling the market growth. In addition to this, the growing awareness regarding eco-friendly mobility is facilitating the sales of electric vehicles, which has propelled the demand for automotive connectors. Furthermore, the effective functioning of plastic optical fiber (POF), which replaces copper cables, improves data transmission and design flexibility, is also significantly influencing the market growth.
Automotive Connectors Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the automotive connectors market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- TE Connectivity
- Aptiv (Formerly Delphi Automotive PLC)
- Yazaki Corporation
- Molex Incorporated
- Sumitomo Electric Industries Ltd.
- Amphenol Corporation
- Japan Aviation Electronics
- Luxshare Precision
- JST Manufacturing
- Hirose Electric Co. Ltd.
- Korea Electric Terminal Co. Ltd.
- AVX Corporation
- Kyocera Corporation
- Rosenberger
- Hu Lane Associate Inc.
- Samtec, Lumberg Holding, etc.
Key Market Segmentation:
The report has segmented the automotive connectors market on the basis of connection type, connector type, system type, vehicle type, application and region.
Breakup by Connection Type:
- Wire to Wire Connection
- Wire to Board Connection
- Board to Board Connection
Breakup by Connector Type:
- PCB Connectors
- IC Connectors
- RF Connectors
- Fiber Optic Connectors
- Others
Breakup by System Type:
- Sealed Connector System
- Unsealed Connector System
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Electric Vehicles
Breakup by Application:
- Body Control and Interiors
- Safety and Security System
- Engine Control and Cooling System
- Fuel and Emission Control
- Infotainment
- Navigation & Instrumentation
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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