Global Automotive Connectors Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The Automotive Connectors Market report Overview:

The Automotive Connectors Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

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The global automotive connectors market report has been segmented on the basis of product type, vehicle type, application, and region.

Automotive connectors are electromechanical components that are used for connecting electrical circuits together in vehicles. Electric connectors consist of plugs and jacks.

Automotive connectors are of two types, sealed and unsealed. Sealed connectors are used in engine components and un-sealed connectors can be used inside vehicles.

Growing demand for convenience, connectivity, and safety features in passenger cars and commercial vehicles are expected to drive revenue growth of the automotive connectors market over the forecast period. Rising production of automobiles in developing economies such as India, China, Indonesia, Brazil, and Japan are expected to be other factors driving the revenue growth of the target market.

On the basis of product type, the fiber optic segment is expected to hold a major revenue share in the global market. Growing demand for electronic devices that enhances the features of vehicles is expected to support revenue growth of this segment over the forecast period.

On the basis of application, the navigation & instrumentation segment is expected to grow at a higher growth rate over the forecast period. Increasing adoption of GPS-enabled devices and advanced navigation software in the vehicle is expected to support revenue growth of this segment over the forecast period.

On the basis of vehicle type, the passenger cars segment is expected to hold a major share in the global automotive connectors market and is expected to maintain its dominance for the next few years. Increasing demand for passenger vehicles in developing and developed countries is expected to drive revenue growth in this segment over the forecast period.

Regional Insights:

The Asia Pacific automotive connectors market is estimated to account for a major revenue share in the global target market and is expected to maintain its dominance over the forecast period.

The growth of the automotive connectors market in the region is attributed to the growing production and sales of automobiles in countries such as China, India, Taiwan, Japan, and Indonesia owing to the growing population, increasing disposable income, and changing living standards.

Moreover, the presence of a large number of automotive manufacturers in the region is expected to drive revenue growth in the target market in the region. The Asia Pacific accounts for the major revenue share contribution of the global automotive connectors market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively.

Market segmentation and key players operating in the global automotive connectors market:

By product type:

• Printed Circuit Board
• Integrated Circuit
• Radio Frequency
• Fiber Optics
• Others (application-specific connectors and heavy-duty connectors)

By application:

• Powertrain
• Body Wiring & Power Distribution
• Safety and Security
• Comfort, Convenience, and Entertainment (CCE)
• Navigation & Instrumentation

By vehicle type:

• Passenger Cars
• Commercial Vehicles

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa