A connector is a device that used to joins electrical lines to form a circuit. Growing demand for connectivity, convenience, and safety features in vehicles is driving the growth of the automotive connectors markets. Increasing vehicle electrification and growing use of electronics components in the vehicle are also fueling the growth of the automotive connectors market. Safety and security feature such as alarm system, warning system, adaptive cruise control, and others. These features require a number of electronic components, thus growing demand for the automotive connectors market.
MARKET SCOPE
The "Global Automotive Connectors Market Analysis To 2028" is a specialized and in-depth study of the automotive connectors industry with a special focus on the global market trend analysis. The report aims to provide an overview automotive connectors market with detailed market segmentation by product, connectivity, vehicle type, application, and geography. The report provides key statistics on the market status of the leading automotive connectors' market players and offers key trends and opportunities in the automotive connectors market.
MARKET SEGMENTATION
- The global automotive connectors market is segmented on the basis of product, connectivity, vehicle type, application.
- On the basis of product the market is segmented as PCB, IC, RF, fiber optic, other.
- On the basis of connectivity the market is segmented as wire to wire, wire to board, board to board.
- On the basis of vehicle type the market is segmented as passenger cars, commercial vehicles.
- On the basis of application the market is segmented as powertrain, body wiring and power distribution, navigation and instrumentation, safety and security, others.
MARKET DYNAMICS
Drivers:
- The increasing incorporation of advanced security features in the automobiles and the rising demand for electric vehicles (EVs).
- The growing sophistication of automotive sensors and infotainment systems has augmented the demand for automotive wiring harnesses and connectors across the globe.
Restraints:
- Reliability and durability concerns are some functional challenges that hinder the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE CONNECTORS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the automotive connector's market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Automotive connectors market market market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive connectors market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive connector's market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amphenol Corporation
- Aptiv
- HIROSE ELECTRIC CO., LTD.
- J.S.T. Mfg. Co.,Ltd.
- Japan Aviation Electronics Industry, Ltd.
- Molex, LLC
- Rosenberger
- Sumitomo Wiring Systems, Ltd
- TE Connectivity
- Yazaki Corporation