Automotive Connectors Market Industry Share, Size, Revenue, Latest Trends And Opportunities Assessment

Automotive Connectors Market size is projected to reach US$ 11.76 Bn by the end of 2029, at a CAGR of 8.1%

Plugging into Electrification: The Catalyst for Growth

As vehicle electrification becomes the norm across various segments, the demand for connectors is on the rise. The surge in sales of electric vehicles, fueled by increasing awareness of eco-friendly mobility, is a key driver. A whopping 127 hybrid electric car models are slated to hit the market in the next five years, creating a substantial opportunity for automotive connector manufacturers. The report delves into the impact of the COVID-19 pandemic on market leaders, followers, and disruptors, offering a comprehensive analysis of the industry landscape.

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Security Takes the Driver's Seat: Key Market Driver

The global automotive connectors market is propelled by the growing emphasis on security in automobiles. Connectors play a pivotal role in numerous security systems within vehicles, contributing to the upward trajectory of the market. The burgeoning smart car industry and the development of electric vehicles further fuel the demand for automotive connectors. With a healthy CAGR expected during the forecast period, the market is poised for significant growth.

Powering Safety and Security: The Role of Connectors

Connectors are integral to safety and security features such as adaptive cruise control, anti-theft alarm systems, keyless entry, lane departure warning, and auto emergency braking. These features, embedded with numerous electronic modules, rely on connectors for proper power distribution. Designed to withstand challenging operating conditions, connectors play a crucial role in ensuring the seamless functionality of these safety applications.

Automotive Connectors Market Segmentation

Automotive Connectors Market, by Product

PCB
IC
RF
Fiber Optic
Other

Automotive Connectors Market, by Connectivity

Wire to Wire
Wire to Board
Others

Automotive Connectors Market, by Vehicle Type

Passenger Car
Commercial Vehicle

Automotive Connectors Market, by Application

CCE
Powertrain
Safety & Security
Body Wiring & Power Distribution
Navigation & Instrumentation

It is anticipated that applications related to safety and security will hold the most market share for automotive connections. Connectors used in airbags, car immobilisers, anti-skid braking systems (ABS), and other devices may be included in these cutting-edge safety systems. There are many prospects for the expansion of safety systems utilised in the automobile sector as a result of the rise in car thefts, which will raise the quantity of connectors employed in safety applications for a vehicle.

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Automotive Connectors Market Key Players

1. YAZAKI Corporation
2. TE Connectivity
3. Sumitomo Corporation
4. Delphi Technologies
5. Amphenol
6. Hirose Electric Co. Ltd
7. Japan Aviation Electronics Industry, Ltd
8. Molex
9. ERNI International AG
10.China Auto Electronics Group Limited
11.Hu Lane Associates Inc.
12.Korea Electric Terminal Co. Ltd.
13.Kyocera Corporation
14.Lumberg Connect GmbH
15.Aptiv PLC
16.Luxshare Precision
17.JST Manufacturing
18.AVX Corporation
19.Samtec

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Table of content for the Automotive Connectors Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automotive Connectors Market Report

Part 03: Global Automotive Connectors Market Landscape

Part 04: Global Automotive Connectors Market Sizing

Part 05: Global Automotive Connectors Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

In 2022, North America claimed a major share of the automotive connectors market, with the U.S. leading the way as the second-largest automotive market globally. Europe also stands as a significant market, particularly in Germany, where the Media Oriented Systems Transport (MOST) cooperation standard is driving the development of plastic optical fiber (POF) technology in the automotive sector. This technological push is expected to increase the demand for automotive connectors in the region.

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