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Automotive connectors market set to grow according to forecasts

Automotive and Transportation Market Research

The Global Automotive Connectors Market is estimated to grow at a CAGR of 7.57% from 2018 to reach USD 7.1 Billion by the year 2023.

GLOBAL AUTOMOTIVE CONNECTORS MARKET Make an Inquiry about this news was valued at USD 4.58 Billion in the year 2017. 

Asia-Pacific region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, China is projected to grow strongly in the coming years.

IRISO Electronics co., Ltd (Japan), HARTING Technology Group (Germany), Hirose Electric Co., Ltd. (Japan), Delphi Technologies (U.K.), Sumitomo Corporation (Japan), BizLink Group (U.S.), YAZAKI Corporation (Japan), Amphenol Corporation (U.S.), Japan Aviation Electronics Industry, Ltd.

(Japan), AVX Corporation (U.S.), Korea Electric Terminal Co. Ltd. (South Korea), are some of the key players in the Global Automotive Connectors market.

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Rising research and development expenses to cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

             Increasing demand for Electric Vehicle

Restraints:

             Durability and Reliability Concern Affects the Overall Efficiency

Opportunities:

             Rising demand in the automotive sector

Challenges:

             Increasing raw material cost

The major shares of the market come from safety and security, application type in Global Automotive Connectors Market. On the other hand, Electric Vehicle, by vehicle type for this market is expected to grow at highest CAGR during the year 2018-2023.

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Key Benefits for Stakeholders

Automotive Connectors Manufacturers, Distributors and Retailers

Research and Consulting Organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By System Type

Sealed Connector System

Unsealed Connector System

By Connection Type

Wire to Wire connection

Wire to Board Connection

Board to Board Connection

By Application Type

Safety and Security

Body Control and Interiors

Infotainment

Fuel and Emission Control

Engine Control and Cooling System

Others

By Vehicle Type

Passenger Car

Electric Vehicles

Commercial Vehicles

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

IRISO Electronics co., Ltd

HARTING Technology Group

Hirose Electric Co., Ltd.

Delphi Technologies

Sumitomo Corporation

BizLink Group

YAZAKI Corporation

Amphenol Corporation

Japan Aviation Electronics Industry, Ltd.

AVX Corporation

Korea Electric Terminal Co. Ltd.  

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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