The global automotive connectors market reached a value of US$ 18.4 Billion in 2019. Automotive connectors are electrochemical elements that are used for attaching multiple electrical circuits. They join electric terminals to form a complete circuit and ensure effective communication and navigation between the electronics and safety devices of the automobile. They consist of jacks or sockets (female-ended) and plugs (male-ended) that are placed under the hood of the vehicle. Advanced safety and security features such as anti-theft alarms, adaptive cruise control, keyless entry and auto emergency braking systems are integrated with electrical components using these connectors. Looking forward, IMARC Group expects the global automotive connectors market to exhibit moderate growth during the next five years.
The increasing incorporation of advanced security features in the automobiles and the rising demand for electric vehicles (EVs) are the key factors driving the growth of the market. Furthermore, the growing sophistication of automotive sensors and infotainment systems has augmented the demand for automotive wiring harnesses and connectors across the globe. Automobile manufacturers are replacing copper cables with plastic optical fiber (POF) to improve data transmission and design flexibility, along with reducing the overall vehicle weight. The effective functioning of POF requires automotive connectors. Additionally, advanced automotive systems utilize memory and data storage connectors for supporting Wi-Fi networks in automated vehicles. This, coupled with the increasing adoption of hybrid vehicles, is further contributing to the market growth. Moreover, various product innovations such as adaptive front lighting, cruise control, park assistance and departure warning systems, along with the incorporation of machine learning in self-driving vehicles are expected to drive the market in the coming years.
IMARC Group’s latest report provides a deep insight into the global automotive connectors market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the automotive connectors market in any manner.
The report has also analyzed the competitive landscape of the market with some of the key players being 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 Questions Answered in This Report:
The global automotive connectors market was worth around US$ 18.4 Billion in 2019.
According to the estimates by IMARC Group, the global automotive connectors market will exhibit moderate growth during the next five years.
The growing adoption of hybrid electric vehicles (HEVs) and the increasing demand for advanced security features in automobiles are among the key factors spurring the market growth.
At present, market players are replacing copper cables with plastic optical fiber (POF) cables to improve data transmission and design flexibility, and reduce the overall weight of vehicles. They are also introducing innovative features, such as adaptive front lighting, cruise control, park assistance and departure warning systems, to expand their consumer base.
Lockdowns imposed by governments of several countries to mitigate the spread of the coronavirus disease (COVID-19) have resulted in supply chain disruptions, temporary closure of various manufacturing units and a decline in the overall sales of automobiles around the world. Thus, the market is currently experiencing negative growth on account of the pandemic.
On the basis of the connection type, the market has been segmented into the wire to wire, wire to board and board to board connections.
The market has been classified based on the connector type into PCB, IC, RF, fiber optic and other connectors.
Based on the system type, the market has been bifurcated into the sealed connector and unsealed connector systems.
The market has been categorized on the basis of the vehicle type into passenger cars, commercial vehicles (light commercial and heavy commercial), and electric vehicles.
On the basis of the application, the market has been segregated into body control and interiors, safety and security system, engine control and cooling system, fuel and emission control, infotainment, navigation and instrumentation, and others.
Region-wise, the market has been divided into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.
Leading industry players are TE Connectivity Corporation, Aptiv PLC, Yazaki Corporation, Molex, LLC (Koch Industries, Inc), Sumitomo Electric Industries Ltd., Amphenol Corporation, Japan Aviation Electronics Industry, Ltd., Luxshare Precision Industry Co. Ltd., Hirose Electric Co., Ltd, Korea Electric Terminal Co. Ltd., AVX Corporation, Kyocera Corporation, Hu Lane Associate Inc., JST Manufacturing Inc., Rosenberger Hochfrequenztechnik GmbH & Co. KG, Lumberg Holding GmbH & Co. KG and Samtec, Inc.
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