With 6.34% CAGR, Automotive Connectors Market Growth to Surpass US$ 17.7 Billion Till 2023-28

According to IMARC Group's latest report, titled "Automotive Connectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global automotive connectors market size reached US$ 12.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.34% during 2023-2028.

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Automotive connectors represent electrochemical elements that are used for attaching various electrical circuits. They join electric terminals to form a complete circuit and ensure effective communication as well as navigation between the electronics and safety devices of automobiles. Automotive connectors are generally designed to withstand low and high temperatures, dirt, wear and tear, etc. In line with this, they also integrate numerous advanced safety and security features, such as anti-theft alarms, adaptive cruise control, keyless entry, auto emergency braking systems, etc., in vehicles and assure that components receive correct power distribution.

Automotive Connector Market Trends:

The escalating demand for connectivity and convenience in passenger and commercial vehicles is primarily driving the automotive connectors market. Additionally, the growing consumer awareness towards eco-friendly mobility and the inflating popularity of adaptive front lighting, cruise control, park assistance, departure warning systems, etc., are further catalyzing the market growth. Besides this, the widespread adoption of advanced automotive solutions that use memory and data storage connectors to support Wi-Fi networks in automated vehicles is acting as another significant growth-inducing factor. Moreover, the leading manufacturers are replacing copper cables with plastic optical fiber (POF) to improve data transmission and design flexibility, which is positively influencing the global market. Apart from this, the rising utilization of machine learning (ML) in self-driving automobiles is anticipated to fuel the automotive connectors market over the forecasted period.

Automotive Connector Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the automotive connectors market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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

Key Market Segmentation:

The report has segmented the automotive connectors market on the basis of connection type, connector type, system type, vehicle type and application.

Based On Connection Type:

Wire to Wire Connection
Wire to Board Connection
Board to Board Connection

Based On Connector Type:

PCB Connectors
IC Connectors
RF Connectors
Fiber Optic Connectors
Others

Based On System Type:

Sealed Connector System
Unsealed Connector System

Based On Vehicle Type:

Passenger Cars
Commercial Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles

Based On Application:

Body Control and Interiors
Safety and Security System
Engine Control and Cooling System
Fuel and Emission Control
Infotainment
Navigation & Instrumentation
Others

Based On Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1626&flag=E

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Note:  If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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