Global Automotive Connectors Market by Vehicle Type (Commercial Vehicle, Passenger Car) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global automotive connectors market was valued at USD 15.58 Billion in 2017. It is projected to grow at 7.4% compound annual growth rate (CAGR), from 2018 to 2025. The increasing demand for connectivity, convenience and safety features in passenger cars and commercial vehicles can explain the market's growth. Many technological advancements have led to many features that improve driving experience and offer better safety.

Anti-theft alarm systems, lane departure warnings, keyless entry and auto emergency brakes are all safety and security features that help to prevent fatal accidents and provide higher levels of security. These advanced features can be integrated into a vehicle by using many electronic components. The connectors are essential in power distribution. Connectors can withstand extreme operating conditions like high/low temperatures, wear and tear, dirt, and dirt.

Connectors are in high demand due to the increasing vehicle electrification across different segments. Additionally, the demand for connectors has increased due to growing awareness about eco-friendly mobility. Over 127 hybrid electric cars models are expected to be launched in the next five-years, which will create enormous opportunities for automotive connectors manufacturers.

The market is also shaped by regulations. Due to the availability of lucrative programs and the proposed ban on internal combustion engines (ICE) in various countries, electric vehicles have been adopted more frequently. Norway, for instance, has made 2025 the year to ban ICE cars. India and China have also announced that they will ban ICE cars by 2030. This increases the potential for vehicle electrification and thereby generates higher demand.

Connectors are crucial to the smooth operation of vehicles and all electronic devices they include, from power distribution to GPS navigation-based features running, as well as for smooth vehicle operation. A malfunction in connectors can lead to serious functional failure. Manufacturers are therefore focusing on research and development to produce high-quality connectors with uninterrupted functioning.

Product Insights

You can segment the market by product into integrated circuit, printed circuit board (PCB), radio frequency, fiber optic and other. Other segments include various application-specific connectors and heavy-duty connectors as well as rectangular I/O connectors. From 2018 to 2025, the fiber optic segment will show the highest expected CAGR of 10.6%.

Electronic components are used more frequently when vehicle features are improved. Vehicle manufacturers must ensure that the quality of these components is high. They require different types of connectors to function properly. All electronic devices require a printed circuit board as a core component. Multiple devices that are connected to the vehicle's electrical system must be attached to the PCB boards. This is done using different types of connectors.

Application Insights

The automotive connectors market can also be divided by application type into safety, security, comfort, convenience and entertainment (CCE), powertrain and safety and security, powertrain and safety and distribution, navigation and instrumentation, and body wiring and power distribution. With a market share of more than 26.0%, the safety and security segment was the dominant segment. Many new safety features have been introduced by technological advances in cars, including adaptive cruise control, adaptive front lights, lane departure warning and park assist. These functions require high numbers of sensors, electronic components, as well as ECUs. There are many types of connectors that can be used to ensure reliable connectivity between these components. Safety has been improved by machine learning and V2V communications.

From 2018 to 2025, the navigation segment will experience the highest CAGR at 9.8%. The increasing accuracy of GPS-enabled vehicles and the implementation of advanced software like Apple Carplay or Android Auto have encouraged the use of navigational apps in passenger and commercial vehicles.

Connectivity Insights

You can segment the market by connectivity, such as wire to wire and wire to board. In 2017, the wire to wire segment was worth USD 5.44 billion. These connectors are used widely to connect two wires, for functions such power distribution or data transmission.

Over the forecast period, the wire to board segment will see a 6.3% CAGR. These connectors are used to transfer commands from electronic devices onto PCBs and vice versa. These connectors are used to connect multiple printed circuit boards.

Vehicle Type Insights

The market can be divided into two segments based on vehicle type: passenger cars or commercial vehicles. In 2017, the market was worth USD 11.55 billion. The largest segment of the market was the passenger car segment. Market growth is expected to be boosted by increased sales of passenger cars in developing countries like India and China.

This segment comprises large trucks, buses, light commercial vehicles, and other commercial vehicles. The increased safety regulations for commercial vehicles are expected to drive this segment's exponential growth. The European Union, for instance, has required the installation of safety features like lane departure warning and cruise controller in commercial vehicles by 2020.

Regional Insights

With a 36.0% share in 2017, Asia Pacific was the dominant market. The top producers of electronic components for passenger cars and commercial vehicles are Asian countries like Japan, China, Taiwan, or Taiwan. Due to the availability of labor at a low cost, improved manufacturing facilities and readily available raw material, this region is a hub for export of various automotive parts.

Europe is now the second-largest market. This is due to increasing use of advanced driver assistance systems (ADAS), in commercial vehicles. In heavy commercial vehicles, the European Union has mandated the use of ADAS features like lane departure warning signals and autonomous breaking. North America is the hub of vehicle electrification. In 2017, the region was responsible for more than 25% of vehicle electrification's total share.

Market Share Insights & Key Companies

It is highly competitive with the top five companies accounting to the maximum share of global revenue in 2017. This market is expected to have a strong competitive edge if it has technologically advanced, reliable and durable products. To diversify their product portfolios and increase market share, prominent market players have increased their R&D capabilities. The following are some of the most prominent players in automotive connectors market:

• TE Connectivity

• YAZAKI Corporation

• Delphi Technologies

• JAE

• Sumitomo Corporation

Up Market Research published a new report titled “Automotive Connectors Market research report which is segmented by Vehicle Type (Commercial Vehicle, Passenger Car), By Players/Companies YAZAKI Corporation, TE Connectivity, Delphi Technologies, Sumitomo Corporation, JAE”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Connectors Market Report Segments:

The market is segmented by Vehicle Type (Commercial Vehicle, Passenger Car).

Automotive Connectors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Connectors Market

Overview of the regional outlook of the Automotive Connectors Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Connectors Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Connectors Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Commercial Vehicle

                2. Passenger Car

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Connectors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Automotive Connectors Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.