Press release
Increased Automobile Production Boosts Growth In The Automotive Terminal Market: A Key Factor Shaping the Future of the Automotive Terminal Market in 2025
Automotive Terminal Market Size
The surge in automobile production is likely to fuel the expansion of the automotive terminal market. The swift rise in disposable income among people in both underdeveloped and developed nations, coupled with an increasing need for personal transport for daily work commutes, has led to a surge in demand for passenger and commercial vehicles. This surge in demand is anticipated to enhance the usage of automotive terminals, which are an essential part of vehicle production. For example, the Belgium-based European Automobile Manufacturers Association reported that approximately 85.4 million motor vehicles were produced worldwide in 2022, an increase of 5.7% compared to 2021, according to data from May 2023.
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What Is the projected market size and growth rate for the automotive terminal market?
There has been a significant increase in the automotive terminal market size over the past few years. It's anticipated to expand from $18.78 billion in 2024 to $20.68 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.1%. Factors contributing to the growth during the historic period include the expansion of the automotive industry, strict emission regulations, increased consumer demand for electronics, and economic growth.
The market size for automotive terminals is predicted to experience swift expansion in the forthcoming years. The market valuation is expected to surge to $31.27 billion by 2029, growing at an impressive compound annual growth rate (CAGR) of 10.9%. The escalation during the forecast period can be linked to the increasing production of vehicles, adoption of electric vehicles, rising global urbanization, expanding per capita disposable income, and government support. Key forecast period trends encompass the digitalization of manufacturing, integration of 5G, utilization of advanced materials, improved safety features, and collaboration across different industries.
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What new trends are reshaping the automotive terminal market and its opportunities?
The rise of technological innovations is a prominent trend sweeping the automotive terminal market. Firms in this market are channeling their efforts towards creating state-of-the-art products to meet the needs of the industry and consolidate their global market standing. For example, in March 2022, Mouser Electronics, a US-based electronic distributor published that JAE Electronics developed the miniaturized MX79A series high-speed connectors to support data transmission. The MX79A high-speed connectors are designed to enhance transmission between in-vehicle information and communication technology (ICT) units like the camera ECU.
What major market segments define the scope and growth of the automotive terminal market?
The automotive terminal market covered in this report is segmented -
1) By Current Rating: Below 40 Ampere, 41-100 Ampere, Above 100 Ampere
2) By Vehicle Type: Passenger, Commercial
3) By Application: Body Control and Interiors, Safety and Security, Cooling, Engine and Emission Control, Infotainment, Lighting System, Battery System
Subsegments:
1) By Below 40 Ampere: Low-Current Terminals, Miniature Terminals, Standard Terminals
2) By 41-100 Ampere: Medium-Current Terminals, High-Temperature Terminals, Multi-Pole Terminals
3) By Above 100 Ampere: Heavy-Duty Terminals, High-Current Terminals, Specialty Terminals for High-Power Applications
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Which region dominates the automotive terminal market?
Asia-Pacific was the largest region in the automotive terminal market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive terminal market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the automotive terminal industry growth?
Major companies operating in the automotive terminal market include Delphi plc, TE Connectivity Ltd., Pohjolan Kaapeli Oy, Furukawa Electric Co. Ltd., Canadian Automobile Association, Tyco Electronics Ltd., Lear Corp., Molex LLC, Viney Corporation, Grote industries Inc., Keats Groups Ltd., Sumitomo Electric Industries Ltd., Yazaki Corporation, Amphenol Corporation, Aptiv PLC, JST Mfg. Co. Ltd., Kyocera Corporation, Leoni AG, Rosenberger Hochfrequenztechnik GmbH & Co. KG, Samtec Inc., Schlemmer Group, Sumitomo Wiring Systems Ltd., 3M Company, Amphenol Aerospace Corp., Amphenol Industrial Operations Corp., Anderson Power Products, Deutsche Telekom, Esterline Technologies Corp., Glenair Inc., Harwin plc
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What Is Covered In The Automotive Terminal Global Market Report?
•Market Size Forecast: Examine the automotive terminal market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive terminal market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive terminal market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive terminal market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive terminal market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive terminal market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive terminal market.
•Competitive Landscape: Review strategic developments in the automotive terminal market, including expansions, agreements, and new product launches.
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