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Automotive Connectors Market Size, Share & Industry Analysis, By Product Type ( Wire to Wire Connector, Wire to Board Connector, Board to Board Connector ), By Application Type ( Powertrain, Safety & Security, Power Distribution & Body Wiring, CCE, Others ) and regional Forecast, 2024-2032

Published On : November 04, 2020 | Report ID: FBI104094 | Status : Ongoing

 

KEY MARKET INSIGHTS

Automotive connectors are electromechanical components that are essential for connecting electrical terminals to form circuits. The electrical connector consists of a jack and a plug. The automotive connectors form connections in vehicles that can be related to the connections of blood vessels in the human body. In the automotive industry, the connectors are utilized in an automotive-oriented device to connect electrical equipment and wires. The growing demand for safety features in vehicles entails sophisticated automotive sensors, which are expected to create demand for automotive connectors. The share of electronic devices is increasing along with the rise in the automotive components. The demand for electronic products in vehicles is expected to surge the demand for automotive connectors. Majority of the electrical connections in vehicles are made of copper cables. Nowadays, the manufacturers are replacing copper cables with newer plastic optical fibre to enhance the data connection, improve the flexibility of the cables, as well as reduce the overall weight of the vehicle. These plastic optical fibre cables require automotive connectors. Thus, the increasing adoption of plastic optical fibre cables in the automotive industry is likely to fuel the growth of the automotive connectors in the global market.


Market Segmentation:


Globally, the automotive connectors market is segmented by product type, by application type, and by geographic coverage. The product type is further segmented into wire to wire connector, wire to board connectors, and board to board connectors. Wire-to-wire connectors links two terminal wires to form an electrical circuit. In the wire-to-board connector, connections are made through wire terminals and are integrated into a printed circuit board to form a circuit. Whereas, board-to-board connectors are used to connect printed circuit boards other electronic components. All the terminals of these connectors are linked to the printed circuit boards. Amongst these, the wire to wire connectors holds the major share in the global market as these connectors are broadly utilized to generate a connection between two wires for various purposes including body wiring, data connection, and power distribution. The application type is further segmented into powertrain, safety & security, power distribution & body wiring, and CCE among others. The safety and security application accounts for the major share in the global market. Safety and security features includes various ADAS features such as lane departure warning, automatic emergency braking, anti-theft alarm system, keyless entry, and adaptive cruise control which assist the drivers, prevents form road fatalities as well as offer a higher level of security. These advanced functions use a large number of electronic gears and are integrated in the vehicle. Automotive connectors play a vital role in providing adequate power distribution for these components. In addition, these connectors can resist extreme temperature, dust and wear and tear.

Key Market Driver -

Increasing trend of technologically advanced vehicles is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

Lack of durability and reliability as well as lack of skilled labors may hinder the growth of the market during the forecast period.


Key Players:


Major players operating in the global automotive connectors market include Delphi Automotive, Japan Aviation Electronics Industry, Ltd, Yazaki Corporation, Hirose Electric Co. Ltd, Amphenol, China Auto Electronics Group Limited, ERNI International AG, Molex, and TE Connectivity among others.

Key Insights 



  • New Advancements in Automotive Connectors

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the automotive connectors market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia pacific accounts for the maximum revenue share in the global market and is expected to maintain its dominance over the forecast period. The high demand for automotive connectors in this region is attributed to the increase in automobile production in developing countries such as India and China as well as the rise in the volume of electric vehicles in countries such as Japan and South Korea. Also, various countries in this regions are the leading manufacturers of electronic components and advanced systems for passenger cars as well as commercial vehicles. Owing to the availability of raw materials, advanced manufacturing facilities, and low cost workers, this region is major exporter for numerous automotive components. Europe holds the second largest share in the global market owing to the increasing popularity of advanced driver assistance systems (ADAS) in both passenger cars and commercial vehicles. Moreover, the European Union has mandated ADAS functions such as lane departure warning signals in passenger cars.

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Segmentation






















ATTRIBUTES    

DETAILS        

By Product Type



  • Wire to Wire Connector

  • Wire to Board Connector

  • Board to Board Connector



By Application Type



  • Powertrain

  • Safety & Security

  • Power Distribution & Body Wiring

  • CCE

  • Others



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



 





  • Ongoing
  • 2023
  • 2019-2022

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