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According to the estimates by IMARC Group, the global automotive connectors market is expected to witness a CAGR of 5.94% during 2022 to 2027.
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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