According to IMARC Group’s latest report, titled “Automotive Connectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 12.1 Billion in 2021. Automotive connectors refer to electrochemical elements that are primarily adopted to attach various electrical circuits. These connectors assist in joining the head unit to the power supply, volume controls, special automobile components, switches, etc. Automotive connectors integrate advanced security and safety features, including anti-theft alarms, keyless entry, adaptive cruise control, auto emergency braking systems, etc.
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The expanding automobile sector, increasing levels of urbanization, and improving consumer living standards are driving the global automotive connector market. Furthermore, the rising prominence of high-end infotainment and audio systems is augmenting the adoption of electronic components, which is contributing to the market growth. Additionally, the emergence of hybrid and autonomous vehicles with numerous innovative features, such as park assistance and departure warning systems, and adaptive front lighting, is providing a thrust to the global market. Moreover, several regional manufacturers are utilizing heat-resistant and lightweight materials for wiring harnesses, which is expected to cater to the global automotive connector market over the forecasted period. Looking forward, IMARC Group expects the market to reach US$ 16.7 Billion by 2027, exhibiting at a CAGR of 5.94% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Automotive Connector Market Can Be Segmented as:-
Competitive Landscape with Key Players:
- TE Connectivity
- Formerly Delphi Automotive PLC
- Yazaki Corporation
- Molex Incorporated
- Sumitomo Electric Industries Ltd.
- Amphenol Corporation
- Japan Aviation Electronics
- Luxshare Precision
- JST Manufacturing
- Hirose Electric Co. Ltd.
- Korea Electric Terminal Co. Ltd.
- AVX Corporation
- Kyocera Corporation
- Hu Lane Associate Inc
- Lumberg Holding
Breakup by Connection Type:
- Wire to Wire Connection
- Wire to Board Connection
- Board to Board Connection
Breakup by Connector Type:
- PCB Connectors
- IC Connectors
- RF Connectors
- Fiber Optic Connectors
Breakup by System Type:
- Sealed Connector System
- Unsealed Connector System
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Electric Vehicles
Breakup by Application:
- Body Control and Interiors
- Safety and Security System
- Engine Control and Cooling System
- Fuel and Emission Control
- Navigation & Instrumentation
Breakup by Region:
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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