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Automotive Terminal Market Analysis, Trends, Growth, Research And Forecast 2032
Automotive Terminal Market
The Business Research Company's Automotive Termina Global Market Report 2023 identifies increasing quantity of automobile production as the major driver for the automotive terminal market's growth in the forecast period. Rapid growth in disposable income among individuals in both developing and developed countries and growing demand for a personal vehicle for daily commute to work has contributed to rapid growth in demand for passenger and commercial vehicles. The rapid growth in demand for passenger and commercial vehicles is expected to the boost utilization of automotive terminals, as they are a vital component in the manufacturing of automotive vehicles. For instance, in April 2022, according to world motor vehicle production, 79.1 million motor vehicles were produced around the world, an increase of 1.3% compared to 2020. Therefore, the increasing quantity of automobile production is expected to boost the demand for automotive terminals during the forecast period.
The global automotive terminal market size grew from $15.33 billion in 2022 to $17.32 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive terminal market size is expected to grow to $26.42 billion in 2027 at a CAGR of 11.1%.
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Major competitors in the automotive terminal market are Delphi PLC., TE Connectivity Ltd., PKC Group, Furukawa Electric, Alstom, Bharat Heavy Electricals Limited, Bombardier, CRRC, Hitachi Ltd., Siemens, Strukton
A key trend in the automotive terminal market includes technological advancement. The companies operating in the automotive terminal market are focusing on developing advanced products to meet industry demands and strengthen their market position across the globe. For instance, in March 2022, according to a publication by Mouser Electronics, a US-based electronics distributor, JAE Electronics developed the miniatured MX79A series high-speed connectors to support data transmission. The MX79A high-speed connectors improve transmission between in-vehicle information and communication technology (ICT) units such as camera ECU.
Read More On The Global Automotive Termina Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-terminal-global-market-report
The automotive terminal market is segmented -
• By Current Rating: Below 40 Ampere, 41-100 Ampere, Above 100 Ampere
• By Application: Body Control and Interiors, Safety and Security, Cooling, Engine and Emission Control, Infotainment, Lighting System, Battery System
• By Vehicle Type: Passenger, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive terminal market.
The Business Research Company's "Global Automotive Termina Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Termina Market Include:
1. Executive Summary
2. Automotive Terminal Market Characteristics
3. Automotive Terminal Market Trends And Strategies
4. Automotive Terminal Market - Macro Economic Scenario
5. Automotive Terminal Market Size And Growth
……
26. Africa Automotive Terminal Market
27. Automotive Terminal Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Terminal Market
29. Automotive Terminal Market Future Outlook and Potential Analysis
30. Appendix
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