Automotive Connectors Market Development, Trends, Demand and Forecast till 2022-27
- amaramurray21
- Apr 1, 2022
- 3 min read
According to IMARC Group’s latest report, titled “Automotive Connectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 12.1 Billion in 2021. Automotive connectors refer to electrochemical elements that are primarily adopted to attach various electrical circuits. These connectors assist in joining the head unit to the power supply, volume controls, special automobile components, switches, etc. Automotive connectors integrate advanced security and safety features, including anti-theft alarms, keyless entry, adaptive cruise control, auto emergency braking systems, etc.
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The expanding automobile sector, increasing levels of urbanization, and improving consumer living standards are driving the global automotive connector market. Furthermore, the rising prominence of high-end infotainment and audio systems is augmenting the adoption of electronic components, which is contributing to the market growth. Additionally, the emergence of hybrid and autonomous vehicles with numerous innovative features, such as park assistance and departure warning systems, and adaptive front lighting, is providing a thrust to the global market. Moreover, several regional manufacturers are utilizing heat-resistant and lightweight materials for wiring harnesses, which is expected to cater to the global automotive connector market over the forecasted period. 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.
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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.
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
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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