Dublin, Feb. 28, 2022 (GLOBE NEWSWIRE) -- The "Automotive Connectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global automotive connectors market reached a value of US$ 12.1 billion in 2021. Looking forward, the market is projected to reach US$ 16.7 billion by 2027, exhibiting a CAGR of 5.94% during 2022-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
The increasing incorporation of advanced security features in the automobiles and the rising demand for electric vehicles (EVs) are the key factors driving the growth of the market. Furthermore, the growing sophistication of automotive sensors and infotainment systems has augmented the demand for automotive wiring harnesses and connectors across the globe. Automobile manufacturers are replacing copper cables with plastic optical fiber (POF) to improve data transmission and design flexibility, along with reducing the overall vehicle weight. The effective functioning of POF requires automotive connectors.
Additionally, advanced automotive systems utilize memory and data storage connectors for supporting Wi-Fi networks in automated vehicles. This, coupled with the increasing adoption of hybrid vehicles, is further contributing to the market growth. Moreover, various product innovations such as adaptive front lighting, cruise control, park assistance and departure warning systems, along with the incorporation of machine learning in self-driving vehicles are expected to drive the market in the coming years.
Report Coverage
The report provides a deep insight into the global automotive connectors market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the automotive connectors market in any manner.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global automotive connectors market, along with forecasts at the global and regional level from 2022-2027. The report has categorized the market based on connection type, connector type, system type, vehicle type and application.
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
- Others
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
- Infotainment
- Navigation & Instrumentation
- Others
Breakup by Region
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Companies Profiled
- TE Connectivity
- Aptiv (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
- Rosenberger
- Hu Lane Associate Inc.
- Samtec
- Lumberg Holding
Key Questions Answered in this Report
1. What is the global automotive connectors market growth?
2. What are the global automotive connectors market drivers?
3. What are the key industry trends in the global automotive connectors market?
4. What is the impact of COVID-19 on the global automotive connectors market?
5. What is the global automotive connectors market breakup by connection type?
6. What is the global automotive connectors market breakup by connector type?
7. What is the global automotive connectors market breakup by system type?
8. What is the global automotive connectors market breakup by vehicle type?
9. What is the global automotive connectors market breakup by application?
10. What are the major regions in the global automotive connectors market?
11. Who are the key companies/players in the global automotive connectors market?
For more information about this report visit https://www.researchandmarkets.com/r/80ktb
Attachment
