Automotive and Transportation Connector Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Automotive and Transportation Connector Market Trends and Forecast

The future of the global automotive and transportation connector market looks promising with opportunities in the comfort, convenience, and entertainment (CCE), powertrain, safety and security, body wiring & power distribution, and navigation & instrumentation applications. The global automotive and transportation connector market is expected to reach an estimated $20.4 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are increasing demand for advanced safety and security features in vehicles and growing number of electric vehicles (EVs).

Automotive and Transportation Connector Market by Product, and Application

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.

Automotive and Transportation Connector Market by Segments

Automotive and Transportation Connector Market by Segment

The study includes trends and forecast for the global automotive and transportation connector market by product, application, and region, as follows:

Automotive and Transportation Connector Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:

Printed Circuit Boards (PCB)

Integrated Circuits

Radio Frequency

Fiber Optics

Automotive and Transportation Connector Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

Comfort, Convenience, and Entertainment (CCE)

Powertrain

Safety and Security

Body Wiring & Power Distribution

Navigation & Instrumentation

Automotive and Transportation Connector Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

North America

Europe

Asia Pacific

The Rest of the World

List of Automotive and Transportation Connector Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive and transportation connector companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive and transportation connector companies profiled in this report include.

TE Connectivity

YAZAKI

Aptiv

Sumitomo Wiring

Molex

Automotive and Transportation Connector Market Insights

Lucintel forecasts that fiber optics will remain the product segment with the highest growth over the forecast period owing to their high bandwidth. Also, they help in addressing safety issues.

Safety and security segment is expected to remain the largest application market due to the increasing demand for safety features in automobiles, such as adaptive cruise control, adaptive front lighting, lane departure warning, and parking assistance that assists drivers, prevents road accidents, and provide high level of security.

APAC will remain the largest region due to rising disposable income, growing demand for electric vehicles, and expanding automotive manufacturing in the region.

Features of the Automotive and Transportation Connector Market

Market Size Estimates: Automotive and transportation connector market size estimation in terms of value ($B)

Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.

Segmentation Analysis: Automotive and transportation connector market size by various segments, such as by product, application, and region

Regional Analysis: Automotive and transportation connector market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.

Growth Opportunities: Analysis on growth opportunities in different products, applications, and regions for the automotive and transportation connector market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape for the automotive and transportation connector market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the automotive and transportation connector market size?

Answer: The global automotive and transportation connector market is expected to reach an estimated $20.4 billion by 2028.

Q2. What is the growth forecast for automotive and transportation connector market?

Answer: The global automotive and transportation connector market is expected to grow with a CAGR of 5.6% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the automotive and transportation connector market?

Answer: The major drivers for this market are increasing demand for advanced safety and security features in vehicles and growing number of electric vehicles (EVs).

Q4. What are the major segments for automotive and transportation connector market?

Answer: The future of the automotive and transportation connector market looks promising with opportunities in comfort, convenience, and entertainment (CCE), powertrain, safety and security, body wiring & power distribution, and navigation & instrumentation applications.

Q5. Who are the key automotive and transportation connector companies?

Answer: Some of the key automotive and transportation connector companies are as follows:

TE Connectivity

YAZAKI

Aptiv

Sumitomo Wiring

Molex

Q6. Which automotive and transportation connector segment will be the largest in future?

Answer: Lucintel forecasts that fiber optics will remain the product segment with the highest growth over the forecast period owing to their high bandwidth. Also, they help in addressing safety issues.

Q7. In automotive and transportation connector market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region due to rising disposable income, growing demand for electric vehicles, and expanding automotive manufacturing in the region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

• Q.1. What are some of the most promising, high-growth opportunities for the global automotive and transportation connector market by product (printed circuit boards (PCB), integrated circuits, radio frequency, and fiber optics), application (comfort, convenience, and entertainment (CCE), powertrain, safety and security, body wiring & power distribution, and navigation & instrumentation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?