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Why Automotive Connectors industry is thriving worldwide illuminated by new report

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Automotive Connectors Industry By Connection Type (Wire to Wire connection, Wire to Board Connection, Board to Board Connection),By System Type (Sealed Connector System, Unsealed Connector System), and By Application (Safety and Security, Body Control and Interiors, Infotainment) - Global Market Size Analysis and Forecast 2019-2025

Global Automotive Connectors Industry was valued at USD 4.60 Billion in the year 2017. Global Automotive Connectors Industry is further estimated to grow at a CAGR of 7.57% from 2018 to reach USD 8.71 Billion by the year 2025.

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

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Major market players in 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., and other 10 more companies information is provided in research report.

Rising research and development expenses to cater 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.

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SWOT Analysis of Automotive Connectors Industry:

Strength:

             Increasing demand for Electric Vehicle

Weakness:

             Durability and Reliability Concern Affects the Overall Efficiency

Opportunities:

             Rising demand in the automotive sector

Threats:

             Increasing raw material cost

The major shares of the Industry come from safety and security, application type in Global Automotive Connectors Industry. On the other hand, Electric Vehicle, by vehicle type for this Industry is expected to grow at highest CAGR during the year 2018-2025.

Automotive Connectors Industry Segmentation:

By Application Type

  • • Safety and Security
  • • Body Control and Interiors
  • • Infotainment
  • • Fuel and Emission Control
  • • Engine Control and Cooling System
  • • Others

By Connection Type

  • • Wire to Wire connection
  • • Wire to Board Connection
  • • Board to Board Connection

By Vehicle Type

  • • Passenger Car
  • • Electric Vehicles
  • • Commercial Vehicles

By System Type

  • • Sealed Connector System
  • • Unsealed Connector System

By Region

North America

  • • USA
  • • Canada

Europe

  • • Germany
  • • U.K.
  • • France
  • • Italy
  • • Rest of Europe

APAC

  • • China
  • • India
  • • Japan
  • • Rest of Asia-Pacific

RoW

  • • Latin America
  • • Middle East & Africa

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