The global automotiveconnectors market 2020 is primarily affected by the increase in demand forsecurity in automobiles. Connectors are used extensively in security systems in
automobiles. With the rising theft in automobiles, there is an increased demand
for security systems in the automotive which further results in the expansion
of the automotive connectors market. With the boosting industry of smart cars,
the demand and usage of connectors are constantly rising. This results in the
expansion of the automotive connectors market. The rise in electrification in
automobiles is also likely to bring an impact on the automotive connectors
market in the region.
However, the lack of basic protocols for the advancement ofautomotive connectors, durability, and reliability of connectors, and the
scarcity of proficient workers are anticipated to be the major factors
obstructing the expansion of this market. But at the same time, the rising
demand for high-performance automobiles and autonomous automobiles is offering
the avenue for expansion of the global automotive connectors market.
Key Players
The important players in the global automotiveconnectors market size are
Delphi Automotive (UK),
Kyocera Corporation (Japan),
TE Connectivity (Switzerland),
Yazaki Corporation (Japan),
Japan Aviation Electronics Industry (Japan),
Sumitomo Electric (Japan),
Market Segmentation
The global automotiveconnectors market can be segregated on the basis of vehicle type, connection
type, application type, system type, and region.
On the basis of vehicles, the global automotive connectors marketcan be segregated into a commercial vehicle and passenger car. The passenger
car vertical is likely to lead throughout the review period due to the
increasing demand for passenger vehicles in the developed and developing
nations.
On the basis of connection, the global automotive connectors marketcan be segregated into wire-to-board, wire-to-wire, and board-to-board. The
wire-to-board vertical is estimated to expand at a considerable rate during the
review period due to the increasing demand for electrical automobiles inverter
and battery management systems.
On the basis of application type, the global automotive connectorsmarket can be segregated into engine control and cooling system, body control
and interiors, safety and security system, and others. The safety and security system-based devices areestimated to seize the maximum market size during the review period due to the
rising theft of vehicles.
Regional Analysis ofautomotive connector market
On the basis of region, the global automotiveconnectors market has been primarily divided into Europe, North America,Asia-Pacific and the Rest of the World (RoW).
The APAC market is estimated to reign the automotive connectorsmarket during the review period due to the rising disposable income and
expansion in the manufacture of electric vehicles in emerging nations such as
India and China.
In Europe, the stringent rules and regulations implemented by thegovernment for the safety of vehicles and passengers and the rise in safety
concerns amongst the consumers are participating in the expansion of the
automotive connectors market in the region.
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