Global Automotive Connectors Market to Reach US$ 21.9 Billion by 2032, Bolstered by the Rising Demand for Electric Vehicles

January 17, 2022 | Automotive Industry

The latest report by IMARC Group, titled “Automotive Connectors Market Report by Connection Type (Wire to Wire Connection, Wire to Board Connection, Board to Board Connection), Connector Type (PCB Connectors, IC Connectors, RF Connectors, Fiber Optic Connectors, and Others), System Type (Sealed Connector System, Unsealed Connector System), Vehicle Type (Passenger Cars, Commercial Vehicles, Electric Vehicles), Application (Body Control and Interiors, Safety and Security System, Engine Control and Cooling System, Fuel and Emission Control, Infotainment, Navigation & Instrumentation, and Others), and Region 2024-2032,” finds that the global automotive connectors market size reached US$ 13.3 Billion in 2023. Automotive connectors are electrochemical devices used for connecting and disconnecting electrical lines and prefabricated parts to the given wiring harness. They play a crucial role in adequate power distribution to various components. Automotive connectors are generally designed to withstand high and low temperatures, dirt, and wear and tear. They also connect electric terminals to make a complete circuit and ensure that the electronics and safety gadgets communicate and navigate effectively. These connectors also integrate advanced functions into the vehicle and ensure that components receive correct power distribution. As a result, automotive connectors find application in advanced safety and security features such as anti-theft alarms, adaptive cruise control, keyless entry, and auto emergency braking systems.

Global Automotive Connectors Market Trends:

The market is primarily driven by the rising demand for connectivity, convenience, and safety features in passenger as well as commercial vehicles. Connectors are placed under the hood of automobiles as they have the capacity to withstand high and sub-zero temperatures and shocks. They also aid in avoiding fatal accidents and provide greater levels of security. Besides this, the increasing electrification among different vehicle segments is also fueling the market growth. In addition to this, the growing awareness regarding eco-friendly mobility is facilitating the sales of electric vehicles, which has propelled the demand for automotive connectors. Furthermore, the effective functioning of plastic optical fiber (POF), which replaces copper cables, improves data transmission and design flexibility, is also significantly influencing the market growth. Looking forward, the market value is expected to reach US$ 21.9 Billion by 2032, exhibiting a CAGR of 5.5% during the forecast period (2024-2032).

Market Summary:

Based on the connection type, the market has been segmented into wire to wire, wire to board, and board to board connections.
On the basis of the connector type, the market has been classified into PCB, IC, RF, fiber optics, and other connectors.
The market has been bifurcated based on the system type into sealed and unsealed connector system.
On the basis of the vehicle type, the market has been segregated into passenger cars, commercial vehicles (light and heavy commercial vehicles), and electric vehicles.
Based on the application, the market has been categorized into body control and interiors, safety and security system, engine control and cooling system, fuel and emission control, infotainment, navigation and instrument, and others.
Region-wise, the market has been divided into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market has been examined, 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 and Yazaki Corporation.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Automotive Connectors Market to Reach US$ 21.9 Billion by 2032, Bolstered by the Rising Demand for Electric Vehicles

Purchase options

Single User License $2499
Five User License $3499
Corporate User License $4499

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.