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.
Nevertheless, several significant challengespose obstacles to the advancement of automotive connectors, including the
absence of fundamental protocols, concerns about durability and reliability,
and a shortage of skilled workers. However, a silver lining emerges as the
surging demand for high-performance and autonomous vehicles opens up avenues
for the global automotive connectors market to expand.
Key Players
Key players in the global automotive connectorsmarket include:
- Delphi Automotive (UK)
- Kyocera Corporation (Japan)
- TE Connectivity (Switzerland)
- Yazaki Corporation (Japan)
- Japan Aviation Electronics Industry (Japan)
- Sumitomo Electric (Japan)
Market Segmentation
The global automotive connectors market can besegmented based on vehicle type, connection type, application type, system
type, and region.
- Vehicle Type: Segments include commercial vehicles and passenger cars. Passenger
cars are expected to dominate throughout the review period due to
increasing demand in both developed and developing nations. - Connection Type: Segments encompass wire-to-board, wire-to-wire, and board-to-board.
The wire-to-board segment is projected to experience significant growth
during the review period, driven by the rising demand for electrical
automobile inverters and battery management systems. - Application Type: Segments include engine control and cooling systems, body control
and interiors, safety and security systems, and others. Safety and
security system-based devices are anticipated to capture the largest
market share during the review period, primarily due to the increasing
incidence of vehicle theft.
Regional Analysis of the Automotive ConnectorMarket
In terms of region, the global automotiveconnectors market is primarily divided into Europe, North America, Asia-Pacific,
and the Rest of the World (RoW).
- Asia-Pacific (APAC) is expected to dominate the automotive connectors market during the
review period. This can be attributed to rising disposable incomes and the
expansion of electric vehicle manufacturing in emerging nations like India
and China. - In Europe, stringent government regulations related to vehicle and passenger
safety, along with increasing consumer safety concerns, are contributing
to the expansion of the automotive connectors market in the region.
ReadMore
