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 Global Automotive Connectors Market Share.
Automotive Connector Market Overview:
The global market 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 represent electrochemical elements that are used for attaching various electrical circuits. They join electric terminals to form a complete circuit and ensure effective communication as well as navigation between the electronics and safety devices of automobiles. Automotive connectors are generally designed to withstand low and high temperatures, dirt, wear and tear, etc. In line with this, they also integrate numerous advanced safety and security features, such as anti-theft alarms, adaptive cruise control, keyless entry, auto emergency braking systems, etc., in vehicles and assure that components receive correct power distribution.
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Automotive Connector Market Trends:
The escalating demand for connectivity and convenience in passenger and commercial vehicles is primarily driving the automotive connectors market. Additionally, the growing consumer awareness towards eco-friendly mobility and the inflating popularity of adaptive front lighting, cruise control, park assistance, departure warning systems, etc., are further catalyzing the market growth. Besides this, the widespread adoption of advanced automotive solutions that use memory and data storage connectors to support Wi-Fi networks in automated vehicles is acting as another significant growth-inducing factor. Moreover, the leading manufacturers are replacing copper cables with plastic optical fiber (POF) to improve data transmission and design flexibility, which is positively influencing the global market. Apart from this, the rising utilization of machine learning (ML) in self-driving automobiles is anticipated to fuel the automotive connectors market over the forecasted period.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
|
Report Features |
Details |
|
Base Year of the Analysis |
2021 |
|
Historical Period |
2016-2021 |
|
Forecast Period |
2022-2027 |
|
Units |
US$ Billion |
|
Segment Coverage |
Connection Type, Connector Type, System Type, Vehicle Type, Application, Region |
Global Automotive Connector Market Can Be Segmented as:-
Competitive Landscape with Key Players:
- 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
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:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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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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