Press release
Automotive Connectors Market Vehicle Type (Passenger Car, and Commercial Vehicle) 2020-2027
Connectors are electromechanical components, which are utilized to connect electric circuits. In the automotive industry, connectors are used to connect electrical devices and wires in automotive equipment. Vehicle electrification has registered a very high growth rate, which has boosted the demand for connectors. In addition, the market is driven majorly by the rise in demand for security needs in automobiles. Moreover, with increase in theft of automobiles, there is an increased need for security systems in automotive, which further boosts the growth of the automotive connectors market.Get Sample PDF@ https://www.alliedmarketresearch.com/request-sample/11721
Major Market Players:
Amphenol, Delphi Automotive, Sumitomo Electric, TE Connectivity, Hirose Electric Co. Ltd, Japan Aviation Electronics Industry, Ltd, Molex, ERNI International AG, Yazaki Corporation, and China Auto Electronics Group Limited.
Increase in safety & security in automobiles and rise in number of heavy-duty vehicles are expected to boost the market growth. Moreover, lack of standard protocols in the development of automotive connectors, reliability & durability of connectors, and lack of skilled worker are the key factors that restrain the growth of the market. However, growth in demand for high-performance vehicles has been witnessed, which is expected to provide lucrative opportunities for the global automotive connectors market.
The automotive connector market has the largest share in safety & security application, which is estimated to grow over the forecast period. Connectors used as advanced safety systems are deployed in Antilock Braking System (ABS), airbags, vehicles immobilizers, etc. In addition, with the increase in vehicle theft, there is a high demand for automotive connectors for safety systems.
Increase in demand for better & efficient transportation across the globe has enabled vehicle manufacturers to develop and introduce innovative vehicles for all-condition performance. Therefore, this has enabled automotive component manufacturers to develop improved and efficient components to be installed in vehicles. This is expected to boost the growth of the automotive connectors market across the globe.
Connectivity
• Wire to Wire
• Wire to Board
• Others
Application
• CCE
• Powertrain
• Safety & Security
• Body Wiring & Power Distribution
• Navigation & Instrumentation
Product
• PCB
• IC
• RF
• Fiber Optic
• Other
Key benefits of the report:
• This study presents the analytical depiction of the automotive connectors market along with current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.
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