PUBLISHER: IMARC | PRODUCT CODE: 1450946
PUBLISHER: IMARC | PRODUCT CODE: 1450946
The global automotive connectors market size reached US$ 13.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.
Automotive connectors are electrochemical elements that are used for attaching multiple electrical circuits. They join electric terminals to form a complete circuit and ensure effective communication and navigation between the electronics and safety devices of the automobile. They consist of jacks or sockets (female-ended) and plugs (male-ended) that are placed under the hood of the vehicle. Advanced safety and security features such as anti-theft alarms, adaptive cruise control, keyless entry and auto emergency braking systems are integrated with electrical components using these connectors.
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.
IMARC Group's latest 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive connectors market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on connection type, connector type, system type, vehicle type and application.
Wire to Wire Connection
Wire to Board Connection
Board to Board Connection
PCB Connectors
IC Connectors
RF Connectors
Fiber Optic Connectors
Others
Sealed Connector System
Unsealed Connector System
Passenger Cars
Commercial Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
Body Control and Interiors
Safety and Security System
Engine Control and Cooling System
Fuel and Emission Control
Infotainment
Navigation & Instrumentation
Others
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
The report has also analyzed the competitive landscape of the market with some of the key players being Amphenol Corporation, Aptiv (Formerly Delphi Automotive PLC), Hirose Electric Co. Ltd., Hu Lane Associate Inc., J.S.T. Mfg. Co. Ltd., Japan Aviation Electronics Industry Ltd., Korea Electric Terminal Co. Ltd., KYOCERA AVX Components Corporation, Lumberg Holding, Luxshare Precision, Molex LLC (Koch Industries Inc.), Rosenberger, Samtec, Sumitomo Electric Industries Ltd., TE Connectivity, Yazaki Corporation, etc.