San Francisco, 14 December 2018: The Report Automotive Connectors Market Size, Share & Trends Analysis Report By Product, By
Connectivity, By Application, By Vehicle Type (Passenger Car, Commercial
Vehicle), And Segment Forecasts, 2018 - 2025
The
global automotive connectors market size is
anticipated to reach USD 28.25 billion by 2025 at a CAGR of 7.4% during the
forecast period, according to a new report by Grand View Research, Inc.
Increasing demand for connectivity, convenience, and safety features in
vehicles is anticipated to boost market growth. Moreover, growing demand for
plug-in hybrid as well as electric vehicles is expected to stimulate market
growth over the forecast period.
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| Automotive Connectors Market |
By product, the other connectors segment
emerged as dominant in the automotive connectors market with an estimated share
of over 74.0% in 2017. The segment includes a wide variety of connector
products such as heavy-duty, terminal blocks, power/high voltage, and
application-specific connectors. Rising vehicle electrification owing to
stringent emission norms has led to higher penetration of electronic content
per vehicle. The automotive industry is undergoing a transition phase, with the
introduction of driverless cars. Development of autonomous vehicles has boosted
research and development initiatives. Furthermore, growing demand for vehicular
communication is expected to proliferate the market.
Wire to wire is the most significant
connectivity type for automotive connectors, owing to increasing vehicle
electrification. Usage of wires and cables in automotive electronics has grown
steadily over the last decade, owing to introduction of new features and rise
in vehicle sales. The wire to wire connectors segment is expected grow over the
forecast period with rising implementation of convenience systems such as
start-stop system, power steering, and park assist.
The commercial vehicle segment is likely to
register a CAGR of 8.1% from 2018 to 2025. Growth can be attributed to
increasing penetration of Advanced Driver Assistant Systems (ADAS) features in
commercial vehicles. For instance, the European Union has made the inclusion of
ADAS features such as lane departure warning signal and autonomous breaking
mandatory in heavy commercial vehicles by 2020.
Navigation is anticipated to emerge as the
largest application segment for automotive connectors. Segment growth can be
attributed to rise in adoption of advanced infotainment devices in vehicles as
they offer user-friendly and accurate navigational and other entertainment
features. The safety and security application segment is expected to account
for share of over 26.0% by 2025.
Access Research Report of Automotive Connectors Market@ www.grandviewresearch.com/industry-analysis/automotive-connectors-market
Further key findings from the report suggest:
· The global automotive connectors market was
valued at USD 15.58 billion in 2017 and is expected to exhibit a CAGR of 7.4%
from 2018 to 2025
· Fiber optic connectors emerged as the
fastest growing product segment, expanding at a CAGR of 10.6% over the forecast
period
· The wire to board connector segment is
expected to register a CAGR of 6.3% through 2025
· Asia Pacific is anticipated to emerge as
the most promising market for automotive connectors by 2025, owing to
increasing vehicle electrification in the region
· Key players such as YAZAKI Corporation, TE
Connectivity, Sumitomo Corporation, and Delphi Technologies dominated the
global automotive connectors market while accounting for the majority revenue
share in 2017.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the
global automotive connectors market on the basis of product, connectivity,
vehicle type, application, and region:
Automotive Connectors Product Outlook
(Revenue, USD Million, 2015 - 2025)
·
PCB
·
IC
·
RF
·
Fiber Optic
·
Other
Automotive Connectors Connectivity Outlook
(Revenue, USD Million, 2015 - 2025)
·
Wire to Wire
·
Wire to Board
·
Others
Automotive Connectors Vehicle Type Outlook
(Revenue, USD Million, 2015 - 2025)
·
Passenger Car
·
Commercial Vehicle
Automotive Connectors Application Outlook
(Revenue, USD Million, 2015 - 2025)
·
CCE
·
Powertrain
·
Safety & Security
·
Body Wiring & Power Distribution
·
Navigation & Instrumentation
Automotive Connectors Regional Outlook
(Revenue, USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Automotive Connectors Market@ www.grandviewresearch.com/press-release/global-automotive-connectors-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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