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Europe Automotive Connectors Market to Grow at 6.6% During 2022-2027, Bolstered by Significant Growth in EV Industry

Published on Oct 17, 2022

According to the latest report by IMARC Group, titled “Europe Automotive Connectors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the Europe automotive connectors market is expected to grow at a CAGR of 6.6% during 2022-2027. Automotive connectors are electromechanical components used to connect or disconnect various internal and external equipment in a vehicle. Multi-pin sealed, terminal, wire-to-board, wire-to-wire, and board-to-wire are some common product types used to connect power supplies, switches, speakers, antennas, navigation systems, power windows, sensors, lighting, and ignition system. Automotive connectors are also used to join printed circuit boards (PCBs), integrated circuit (IC) packages, and batteries. They offer reliable and faster connections between wires and headers, maximize efficiency, and withstand repeated inserts and removal of cables. Automotive connectors also provide efficient functionality in rough environmental conditions, such as high temperature, vibration, splash water, and oil.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Europe Automotive Connectors Market Trends:

The significant growth in the electric vehicles (EVs) industry across the region is creating a positive outlook for the market. Automotive connectors are widely used in EVs and hybrid electric vehicles (HEVs) to ensure reliable power distribution throughout electrical systems, between battery and powertrain, and to dashboard electronics and other specialist equipment. In addition, the implementation of various government initiatives to reduce carbon emissions from automobiles and promote the adoption of EVs is acting as another growth-inducing factor. Furthermore, the widespread product adoption due to rising demand for advanced safety and security features in vehicles, such as anti-theft alarms, keyless entry, adaptive cruise control, and auto emergency braking systems, is providing a considerable boost to the market growth. Apart from this, the increasing demand for advanced driver assistance systems (ADAS) features, such as lane departure warning, pedestrian detection, surround view, and parking assist in heavy commercial vehicles due to mandatory guidelines by the European Union (EU), is propelling the market growth. Additionally, the introduction of mechatronic connectors that offers a multifunctional connector solution in a single package and eliminates the need for multiple sourcing channels and costly placement, handling, and assembly challenges is providing an impetus to the market growth. Other factors, including rising demand for electronic products in vehicles, increasing replacement of copper cables with plastic optical fibers (POF) to enhance data transmission and reduce vehicle weight, and introduction of machine learning (ML)-based self-driving cars, are anticipated to drive the market growth.

Market Summary:

  • On the basis of the connection type, the market has been divided into wire to wire, wire to board, and board to board connection.
  • Based on the connector type, the market has been categorized into PCB, IC, RF, fiber optics, and other connectors.
  • On the basis of the system type, the market has been bifurcated into sealed and unsealed connector systems.
  • Based on the vehicle type, the market has been classified into passenger cars, commercial vehicles (light and heavy commercial vehicles), and electric vehicles.
  • 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 and instrumentation, and others.
  • On a regional basis, the market has been categorized into Germany, France, the United Kingdom, Italy, Spain, and others.?
  • The competitive landscape of the industry has also been examined along with the profiles of some key players.
     

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