Global Automotive Connectors Market Share, Size, Growth, Price, Analysis, Research Report and Forecast 2023-2028

Automotive Connectors Market Outlook

According to a new report by Expert Market Research titled, “Global Automotive Connectors Market Growth, Share, Size, Analysis, Report and Forecast 2023-2028″, the global automotive connectors market is projected to grow at a CAGR of 7.2% between 2023 and 2028. Aided by rising demand for electric vehicles and the rising acceptance of hybrid vehicles, the market is expected to grow significantly by 2028.

Automotive connectors are pivotal components used in vehicles to connect various electrical circuits without causing any disturbance to the system. These connectors play a crucial role in ensuring seamless functionality of electronic devices in vehicles, ranging from advanced infotainment systems to intricate navigation services. Beyond their fundamental role, these connectors are integral in reinforcing the safety, comfort, and efficiency of modern vehicles, further elevating their demand.

One of the primary propellors of the automotive connectors market growth is the rapid integration of advanced electronic components into vehicles. As automakers are consistently focusing on enhancing vehicle performance and offering superior features to consumers, the demand for high-quality connectors has risen. Moreover, the rise in electric vehicle production globally is substantially contributing to the market's upward trajectory.

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Growing preference for high-speed connectors, owing to the increasing incorporation of infotainment systems and Advanced Driver Assistance Systems (ADAS) in modern vehicles is one of the popular automotive connectors market trends. These systems necessitate rapid data transfer without interference, pushing the demand for advanced automotive connectors that can ensure such efficiency.

Moreover, the evolution of autonomous vehicles is set to play a transformational role in the connectors market. As self-driving vehicles rely heavily on a plethora of sensors and electronic systems, the demand for sophisticated connectors capable of handling vast amounts of data will see a substantial rise.

The automotive connectors market analysis reveals that the Asia Pacific region, particularly countries like China, Japan, and South Korea, is taking the lead in the market. This can be attributed to the surge in automobile production in these regions and the swift adoption of new-age technologies in automotive manufacturing processes. The European and North American markets are also showcasing significant growth, driven by the rise in electric vehicle adoption and the integration of smart technologies in vehicles.

The growing need for lightweight connectors is also contributing to the automotive connectors market demand. With the global automobile industry gravitating towards manufacturing lighter vehicles for better fuel efficiency and reduced carbon emissions, lightweight and efficient connectors have become the need of the hour. These connectors not only enhance the vehicle’s overall efficiency but also play a pivotal role in ensuring sustainability.

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Automotive Connectors Market Segmentation

The market can be divided based on connection type, connector type, system type, vehicle type, application, and region.

Market Breakup by Connection Type

Wire to Wire Connection
Wire to Board Connection
Board to Board Connection

Market Breakup by Connector Type

PCB Connectors
IC Connectors
RF Connectors
Fibre Optic Connectors
Others

Market Breakup by System Type

Sealed Connector System
Unsealed Connector System

Market Breakup by Vehicle Type

Passenger Cars
Commercial Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Electric Vehicles

Market Breakup by Application

Body Control and Interiors
Safety and Security System
Engine Control and Cooling System
Fuel and Emission Control
Infotainment
Navigation and Instrumentation
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automotive connectors market. Some of the major players explored in the report by Expert Market Research are as follows:

TE Connectivity
Yazaki Corporation
Molex Incorporated
Sumitomo Electric Industries Ltd.
Others

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