Market Snapshot:
Automotive electrical connectors are specifically designed for use in automobile electrical systems. These connectors are used to connect or disconnect prefabricated parts or devices to the given wiring harness. The factors such as Increased Electrification in Vehicles and Growing Demand for Fuel-Efficient Vehicles are the drivers for the global Automotive Connectors market.
Highlights from Automotive Connectors Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are TE Connectivity (Switzerland), Delphi Automotive (United Kingdom), Yazaki Corporation (Japan), Sumitomo Electric (Japan), Japan Aviation Electronics Industry (Japan), Amphenol Corporation (United States), Hirose Electric Co., Ltd (Japan), Hu Lane Associates Inc. (Taiwan), Korea Electric Terminal Co. Ltd (South Korea) and Kyocera Corporation (Japan).
Geographic Breakdown and Segment Analysis
The Global Automotive Connectors market presents a comprehensive analysis of the Automotive Connectors market by product type (Wire to Wire Connector, Wire to Board Connector and Board to Board Connector), by end-user/application (CCE, Powertrain, Safety & Security, Body Wiring & Power Distribution and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Automotive Connectors industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Automotive Connectors market
Analyst at AMA have segmented the market study of Global Automotive Connectors market by Type, Application and Region.
Influencing Trend:
Rise in the Security Needs in the Automobile
Market Growth Drivers:
Increased Electrification in Vehicles and Growing Demand for Fuel-Efficient Vehicles
Challenges:
Rise in Price of Raw Materials
Restraints:
Lack of Standard Protocol for the Development of Automotive Connectors
Opportunities:
Growing Demand for High-Performance Vehicles and Introduction of Autonomous Vehicles
Market Developments Activities:
In March 2020, TE Connectivity Ltd., a global industrial technology company with leading positions in connectivity and sensing solutions, completed its public takeover of First Sensor AG, a global player in sensor technology.
In September 2021, TE Connectivity (TE), a world leader in connectivity and sensors, acquired ERNI Group AG (ERNI), a leader in factory automation and automotive electronic connectivity. The acquisition of ERNI complements TE's broad portfolio of connectivity products, particularly in high-speed and fine-pitch connectors for factory automation, automotive, medical, and other industrial applications. ERNI strengthens TE's engineering and manufacturing footprint and board connectivity capabilities and expands TE's customer base and presence in several attractive market segments.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Key Target Audience
Automotive Connectors Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users