Automotive Connectors Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Automotive Connectors Market by application(engine cooling system, fuel and emission control, interiors)by system (sealed and unsealed connector system) by connection (wire to board connection), by vehicle (commercial, electric, passenger car) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Automotive Connectors Market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the Global Automotive Connectors Market are TE Connectivity, Delphi Automotive, Molex Incorporated, JST Mfg. Co., Ltd., Foxconn Technology Group, and Hirose Electric Co., Ltd.o., Ltd. According to report the global automotive connectors market is expected to grow at a CAGR of 6.5% over the forecast period of 2017 – 2023.
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Growing demand for automotive safety systems has a direct effect on the demand for automotive connectors
An automotive connector is device that joins electrical terminations to form a circuit.Automotive safety systems used in seatbelts, airbags, and brakes require a connection system comprising a retainer and safety restraint system connector. The automotive connectors market has major applications in the power train system followed by safety and infotainment systems. Risingdemand for automotive safety is anticipated to drive automotive connector market. Additionally, increase in number of electrical components in vehicles such as safety demonstration systems is likely to fuel the automotive connector market over the forecast period. However, reliability and durability concerns are some factors that restrain the growth of the automotive connector market. On the other hand, increase in competition among automotive connectors manufacturing is the factor hampering the challenge for new entrants inmarket. Furthermore,Induction of high-end optical fibers into automobile sector will drive the global automotive connectors market’s growth over the upcoming years.A major opportunity in automotive connectors is the increasing acceptance of hybrid and electric vehicles across the world. Moreover, increasing price of fuel has led to increase in demand for hybrid and fuel-efficient vehicles which are expected to create opportunity for the growth of global automotive connectors market.Major firms operating in the automotive connectors market are Amphenol, Delphi Automotive, and Sumitomo Electric.TE connectivity Ltd has completed the acquisition of Hirschman Car Communication for vehicle connection and connectivity.
Among the geographies, Asia Pacific is expected to be the largest growing region with 54.39% automotive connectorin 2016 followed by Europe.Germany is a noticeable market and is the largest automotive market in Europe.The rising disposable income and adoption of electric vehicles in emerging economies are expected to drive the growth of automotive connectors market over Asia Pacific regions.
The report on global automotive connectors market covers segments such as application, system type, connection type and vehicle type. The application segments include engine control and cooling system, fuel and emission control, body control and interiors, safety and security, infotainment and others. On the basis of system type the global automotive connectors market is categorized into sealed connector system and unsealed connector system. Furthermore, on the basis of connection type the automotive connectors market is segmented as wire to board connection, wire to wire connection and board to board connection. On the basis of vehicle type the automotive connectors market is segmented as commercial vehicle, electric vehicles and passenger car.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 – 2023.
Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global automotive connectors market such as, Yazaki Corporation, Sumitomo Electric Industries Ltd., Amphenol Corporation, Japan Aviation Electronics Industry, Ltd., TE Connectivity, Delphi Automotive, Molex Incorporated, JST Mfg. Co., Ltd., Foxconn Technology Group, and Hirose Electric Co., Ltd.o., Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global automotive connectors market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Automotive connectors market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the automotive connectors market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the automotive connectors market to understand the present and future trends in this market and formulate their strategies accordingly.