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Top Trends Transforming the Automotive Terminal Market Landscape in 2025: Technological Advancements Propel Innovations In The Automotive Terminal Market
Automotive Terminal Market
What Will the Automotive Terminal Industry Market Size Be by 2025?
The market size of the automotive terminal has seen a quick expansion in the past few years. Its worth is anticipated to shoot up from $18.78 billion in 2024 to $20.68 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.1%. The noted growth in the historic period is primarily due to the flourishing automotive industry, rigorous emission regulations, an increase in consumer demand for electronics, and economic growth.
What's the Long-Term Growth Forecast for the Automotive Terminal Market Size Through 2029?
In the coming years, the automotive terminal market is predicted to experience a swift expansion. It's projected to escalate to a market size of $31.27 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.9%. This forecasted surge can be accredited to factors such as an increase in vehicular production, adoption of electric vehicles, global urbanization, growth in per capita dispensable income, and governmental backing. Prominent trends that are likely to be witnessed during this forecasted period encompass the digitalization of manufacturing processes, incorporation of 5G, utilization of advanced materials, improved safety features, and collaborations across different industries.
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What Are the Key Growth Drivers Fueling the Automotive Terminal Market Expansion?
The surge in the production of automobiles is predicted to fuel the expansion of the automotive terminal market. The swift rise in disposable income among people in both evolving and advanced nations, along with the increasing demand for private vehicles for everyday travel, adds to the fast-paced growth in the requirement for passenger and commercial vehicles. This swift demand growth is projected to enhance the use of automotive terminals, integral in the creation of automotive vehicles. For example, the Belgium-based trade association, the European Automobile Manufacturers Association, reported that around 85.4 million motor vehicles were manufactured worldwide in 2022, marking a 5.7% increase from 2021.
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What Are the Key Trends Driving Automotive Terminal Market Growth?
The rise of technological advancements is defining the current trends in the automotive terminal market. Firms operating in this sector are focusing on innovating sophisticated products to satisfy industry requirements and fortify their global market standing. As an example, in March 2022, Mouser Electronics, a distributor of electronics in the U.S, reported that JAE Electronics had invented the scaled-down MX79A series high-speed connectors designed to facilitate data transmission. The MX79A high-speed connectors enhance the transmission amid in-vehicle information and communication technology units, such as camera ECU.
How Is the Automotive Terminal Market Segmented?
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 Companies Are Leading the Charge in Automotive Terminal Market Innovation?
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
Which Regions Are Leading the Global Automotive Terminal Market in Revenue?
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.
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