The global automotive connectors market exhibited moderate growth during 2015-2020. 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, the global automotive connectors market is expected to grow at a CAGR of around 6% during the forecast period (2021-2026).
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:
According to the estimates by IMARC Group, the global automotive connectors market is expected to witness a CAGR of 6% from 2021 to 2026.
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.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in supply chain disruptions, temporary shutdown of various manufacturing units and a decline in the overall sale of automobiles that subsequently impacted the global automotive connectors market.
On the basis of the connection type, the market has been bifurcated into wire to wire connection, wire to board connection, and board to board connection. Currently, wire to board connection holds the majority of the total market share.
On the basis of the connector type, the market has been divided into PCB connectors, IC connectors, RF connectors, fiber optic connectors and others. Among these, PCB connectors represent the largest segment.
On the basis of the system type, the market has been segmented into sealed connector system and unsealed connector system. At present, sealed connector system exhibits a clear dominance in the market.
On the basis of the vehicle type, the market has been bifurcated into passenger cars, commercial vehicles and electric vehicles. Currently, passenger cars account for the majority of the market share.
On the basis of the application, the market has been divided into body control and interiors, safety and security system, engine control and cooling system, fuel and emission control, infotainment, navigation & instrumentation and others. Among these, safety and security system represents the largest market segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global automotive connectors market are 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.
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