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Connectors are electromechanical components, which are utilized to connect electric circuits. In the automotive industry, connectors are used to connect electrical devices and wires in automotive equipment. Vehicle electrification has registered a very high growth rate, which has boosted the demand for connectors. In addition, the market is driven majorly by the rise in demand for security needs in automobiles. Moreover, with increase in theft of automobiles, there is an increased need for security systems in automotive, which further boosts the growth of the automotive connectors market.
COVID-19 scenario analysis:
Increase in safety & security in automobiles and rise in number of heavy-duty vehicles are expected to boost the market growth. Moreover, lack of standard protocols in the development of automotive connectors, reliability & durability of connectors, and lack of skilled worker are the key factors that restrain the growth of the market. However, growth in demand for high-performance vehicles has been witnessed, which is expected to provide lucrative opportunities for the global automotive connectors market.
The automotive connectors market trends are as follows:
The automotive connector market has the largest share in safety & security application, which is estimated to grow over the forecast period. Connectors used as advanced safety systems are deployed in Antilock Braking System (ABS), airbags, vehicles immobilizers, etc. In addition, with the increase in vehicle theft, there is a high demand for automotive connectors for safety systems.
Increase in demand for better & efficient transportation across the globe has enabled vehicle manufacturers to develop and introduce innovative vehicles for all-condition performance. Therefore, this has enabled automotive component manufacturers to develop improved and efficient components to be installed in vehicles. This is expected to boost the growth of the automotive connectors market across the globe.
Key benefits of the report:
Questions answered in the automotive connectors market research report:
Automotive Connectors Market Report Highlights
Aspects | Details |
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By Product |
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By Connectivity |
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By Application |
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By Vehicle Type |
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By Region |
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Key Market Players | Delphi Automotive, China Auto Electronics Group Limited., Amphenol, Hirose Electric Co. Ltd, Molex, ERNI International AG, Sumitomo Electric, TE Connectivity, Yazaki Corporation, Japan Aviation Electronics Industry, Ltd |
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