Automotive Connectors Market Size, Share, Growth and Forecast 2023-2028

Automotive Connectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1626

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Report Overview:

The global automotive connectors market size reached US$ 12.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.34% during 2023-2028.

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.

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.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive connectors market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on connection type, connector type, system type, vehicle type and application.

Breakup by Connection Type:

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

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Asia Pacific
North America
Europe
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Amphenol Corporation, Aptiv (Formerly Delphi Automotive PLC), Hirose Electric Co. Ltd., Hu Lane Associate Inc., J.S.T. Mfg. Co. Ltd., Japan Aviation Electronics Industry Ltd., Korea Electric Terminal Co. Ltd., KYOCERA AVX Components Corporation, Lumberg Holding, Luxshare Precision, Molex LLC (Koch Industries Inc.), Rosenberger, Samtec, Sumitomo Electric Industries Ltd., TE Connectivity, Yazaki Corporation, etc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Connection Type, Connector Type, System Type, Vehicle Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Amphenol Corporation, Aptiv (Formerly Delphi Automotive PLC), Hirose Electric Co. Ltd., Hu Lane Associate Inc., J.S.T. Mfg. Co. Ltd., Japan Aviation Electronics Industry Ltd., Korea Electric Terminal Co. Ltd., KYOCERA AVX Components Corporation, Lumberg Holding, Luxshare Precision, Molex LLC (Koch Industries Inc.), Rosenberger, Samtec, Sumitomo Electric Industries Ltd., TE Connectivity and Yazaki Corporation
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global automotive connectors market was valued at US$ 12.5 Billion in 2022.

We expect the global automotive connectors market to exhibit a CAGR of 6.34% during 2023-2028.

The increasing adoption of automotive connectors with advanced safety and security features, such as anti-theft alarms, adaptive cruise control, keyless entry, auto emergency braking systems, etc., is primarily driving the global automotive connectors market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for automotive connectors.

Based on the connection type, the global automotive connectors market can be segmented into wire to wire connection, wire to board connection, and board to board connection. Among these, wire to board connection currently holds the majority of the total market share.

Based on the connector type, the global automotive connectors market has been divided into PCB connectors, IC connectors, RF connectors, fiber optic connectors, and others. Currently, PCB connectors exhibit a clear dominance in the market.

Based on the system type, the global automotive connectors market can be categorized into sealed connector system and unsealed connector system, where sealed connector system accounts for the majority of the global market share.

Based on the vehicle type, the global automotive connectors market has been segregated into passenger cars, commercial vehicles, and electric vehicles. Among these, passenger cars currently exhibit a clear dominance in the market.

Based on the application, the global automotive connectors market can be bifurcated into body control and interiors, safety and security system, engine control and cooling system, fuel and emission control, infotainment, navigation & instrumentation, and others. Currently, safety and security system holds the largest market share.

On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global automotive connectors market include Amphenol Corporation, Aptiv (Formerly Delphi Automotive PLC), Hirose Electric Co. Ltd., Hu Lane Associate Inc., J.S.T. Mfg. Co. Ltd., Japan Aviation Electronics Industry Ltd., Korea Electric Terminal Co. Ltd., KYOCERA AVX Components Corporation, Lumberg Holding, Luxshare Precision, Molex LLC (Koch Industries Inc.), Rosenberger, Samtec, Sumitomo Electric Industries Ltd., TE Connectivity, Yazaki Corporation, etc.

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