Press release
Automotive Electrical Products Market - Future Scenario, Key Insights, Top Companies 2030
New Study Reports "Automotive Electrical Products Market Global Opportunities, Challenges, Strategies and Forecasts 2021-2031" has been added on Persistence Market Research.This report provides in depth study of "Automotive Electrical Products Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Automotive Electrical Products Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The global automotive electrical products market is likely to expand steadily, primarily due to swelling popularity of electric vehicles (EVs), concludes Persistence Market Research's (PMR) recently published report on the subject. As vehicular emission standards toughen, governments are transitioning from conventional diesel, gasoline, and petrol automobiles to more sustainable alternatives. As a result, ownership of EVs is peaking. Estimates suggest more than 500 different EV models by 2022, reaching 8.5 million unit sales by 2025. These highly sophisticated vehicles require advanced engine and charging setups, thus providing immense traction to the automotive electrical products market dealing in charging cables, connectors, batteries, and other assembly parts. Despite COVID-19-induced sluggishness, the market is expected to climb steadily across the long-term forecast period.
To remain 'ahead' of your competitors, request for a Sample @ https://www.persistencemarketresearch.com/samples/32160
Key Takeaways from Automotive Electric Products Market Study
The global automotive electrical products market is projected to expand at a moderate CAGR through 2030.
North America to retain lucrativeness due to presence of numerous automotive startup companies.
Automotive connectors to find extensive application for connecting sensors, actuators, and control units of vehicular electrical assemblies.
Heavy commercial vehicles to generate credible growth opportunities in automotive electrical products market.
For critical insights on this market, request for customization here@ https://www.persistencemarketresearch.com/request-customization/32160
Market Interspersed with Numerous Automotive Start-Up Companies
With electric becoming the new normal, the global automotive industry landscape is being rapidly penetrated by various startup companies vying for a significant chunk of the revenue pie across all continents. With global EV sales projected to reach 250 million units by 2030, the automotive electrical products market is poised to witness significant developments.
Technological disruptions such as additive manufacturing, big data & data analytics, electrification, shared mobility, automation, and artificial intelligence have played an instrumental role in motivating the formulation of numerous electrical products and allied services manufacturers.
Examples of some startup companies include RevitsOne (India), Procon Analytics (U.S), Apostera (Germany), V2X Network (U.K), Intvo (U.S), Udlev (U.S), Unit8 (Switzerland) and DAV (Israel) among others. Existing manufacturing giants are therefore concentrating on partnering with these vendors to effectively leverage their services.
Automotive Electrical Products Market: Competitive Landscape
Prominent manufacturers in the automotive electrical products market depend on strategic partnerships, collaborations, acquisitions, and product launches to carve a footing in this space. In addition, they seek to penetrate developing and emerging countries as they have a very large customer base, as such, yielding significant revenue prospects.
In November 2020, Broadcom Ltd. launched its first automotive IEEE 802.3ch multigigabit physical and multilayer switches equipped with MACsec support. The solution is specifically designed for addressing the ever-increasing demand for in-vehicle data security, time sensitive networking, and high bandwidth networking.
In August 2019, BBB Industries Inc. unveiled its "JOB-IN-A-BOX" kit to service its OE-TURBOPOWER turbochargers. The kit consists of studs, O-rings, and gaskets, along with a syringe to pre lubricate the turbocharger before installation. The company also manufactures starters, alternators, hydraulic steering, and EPAS accessories.
Buy Full Report Now @ https://www.persistencemarketresearch.com/checkout/32160
For More Related Sources -
https://www.globenewswire.com/en/news-release/2018/03/15/1437956/0/en/Global-Autonomous-Farm-Equipment-Market-to-Reach-US-170-000-Mn-by-2026-Persistence-Market-Research.html
https://www.globenewswire.com/en/news-release/2018/03/12/1420400/0/en/Global-Forklift-Trucks-Market-to-Reach-US-55-890-Mn-by-2021-Persistence-Market-Research.html
https://www.globenewswire.com/en/news-release/2018/03/07/1417455/0/en/Global-Shipping-Containers-Market-to-Reach-US-11-Bn-by-2025-Persistence-Market-Research.html
https://www.globenewswire.com/en/news-release/2017/12/21/1268980/0/en/Automotive-Lithium-Ion-Battery-Pack-Market-to-Grow-at-CAGR-of-12-5-through-2026-globally-Persistence-Market-Research.html
https://www.globenewswire.com/en/news-release/2017/11/29/1210208/0/en/Global-Commercial-Aircraft-Market-Size-US-330-billion-By-2025-CAGR-4-1-Persistence-Market-Research.html
Persistence market research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us: -
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Electrical Products Market - Future Scenario, Key Insights, Top Companies 2030 here
News-ID: 2898876 • Views: …
More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…

Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…

Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…

Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…