Press release
Automotive Connector Market Size & Share 2023-2030 Analysis by Key Players - Molex, ERNI International, Auto Electronics Group Limited and Yazaki
Automotive Connector Market
The Automotive Connector Market, valued at USD 6.5 billion in 2022, is expected to witness substantial growth, propelled by the increasing demand for secure and dependable electrical connections in vital automotive components.
Automotive connectors play a crucial role in ensuring safe and reliable electrical connections between various car systems and components. These connectors are integral for the proper functioning of critical automobile systems such as engine management, safety systems, and infotainment. They simplify the installation and maintenance of automobile systems, offering quick and efficient plug-and-play connections, reducing time and labor for component installation, repair, and replacement.
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Key Players Covered in this market report are:
Hirose Electric Co. Ltd
Japan Aviation Electronics Industry Ltd
Delphi Automotive
Amphenol
Molex
ERNI International AG
TE Connectivity
Sumitomo Electric
China Auto Electronics Group Limited.
Yazaki Corporation
Market Analysis:
The market analysis highlights the increasing advancement in automotive systems, enhanced safety and security features in vehicles, and the overall rise in the development of the automotive industry as key growth factors. Notably, the demand for high-voltage connectors is escalating with the automotive industry's shift towards electric vehicles (EVs) and hybrid vehicles. Additionally, the market is witnessing a surge in high-speed data connectors to support the sophisticated sensor and control systems in autonomous vehicles.
Segment Analysis:
In the Automotive Connector Market, PCB connectors take the lead, offering flexibility for diverse applications in modern vehicle designs. This dominance showcases the adaptability of PCB connectors, enabling engineers to select the most suitable connector for specific tasks and accommodate evolving vehicle designs. Passenger cars lead the vehicle type segment, reflecting widespread connector adoption across various systems within these vehicles. Wire to Wire connectivity emerges as the dominant type, ensuring secure and efficient electrical connections. Safety & Security applications hold the largest market share, underscoring the critical role connectors play in advanced safety systems like airbags, engine control, and brake systems, driving overall market growth.
Automotive Connector Market Segmentation as Follows:
By Product:
PCB
IC
RF
Fiber Optic
Other
By Vehicle Type:
Passenger Car
Commercial Vehicle
By Connectivity:
Wire to Wire
Wire to Board
Others
By Application:
CCE
Powertrain
Safety & Security
Body Wiring & Power Distribution
Navigation & Instrumentation
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Key Regional Development:
Asia Pacific commands a dominant 37.5% share in the Automotive Connector Market, driven by leading electronic parts producers in China, Taiwan, and Japan, serving as a key export hub. North America, with over 27.0% of the market, witnesses a surge in electrified vehicles. Europe emerges as the second-largest market, stimulated by the increasing adoption of advanced driver assistance systems (ADAS) in commercial vehicles. The European Union mandates ADAS features, fueling growth. The market's evolution is fueled by advancements in heavy-duty trucks, ensuring efficient transportation. Overall, Asia Pacific's manufacturing prowess and diverse market needs contribute significantly to the global automotive connector landscape.
Key Takeaways for Automotive Connector Market Study:
- The Automotive Connector Market holds the greatest market share in safety and security applications, reflecting the critical role connectors play in advanced safety systems.
- The shift towards electric and hybrid vehicles fuels the demand for high-voltage connectors, supporting the automotive industry's commitment to lower emissions and increase fuel efficiency.
Recent Developments
- Mouser Electronics Inc. signed a new distribution agreement with YAZAKI Corporation, a leading manufacturer of connectors for the automotive industry.
- Amphenol, a major producer of optical and electronic fiber connectors, introduced innovative and robust interconnect solutions, including the FlexLock 2.54mm FPC to board, designed to meet the requirements of reliable battery management systems for electric vehicles.
Table of Content - Analysis of Key Points:
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Automotive Connector Market Segmentation, By Product
9. Automotive Connector Market Segmentation, By Connectivity
10. Automotive Connector Market Segmentation, By Vehicle Type
11. Automotive Connector Market Segmentation, By Application
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
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Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
About Us:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.
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