Automotive Connectors Market – Industry Analysis and Forecast (2016-2024) – By Vehicle Type, Connection Type, System Type, Application and Region.

Automotive Connectors Market is projected to reach USD xx billion by 2024 from USD 4.38 billion in 2016, exhibiting a CAGR of 6.53% during 2016-2024.

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Increasing applications for Automotive Connectors Market in advanced safety systems in vehicles include automotive computer-controlled systems (ACC), airbag, electronic stability program (ESP), intelligent parking assist system (IPAS), tire pressure monitoring system (TPMS), lane departure warning system (LDWS) and steering systems.

The rise in safety concerns among consumers, together with the safety-related manoeuvre from government agencies has raised the requirement for connector systems to integrate safety systems. For example, automotive safety systems used in seatbelts, airbags, and brakes require a connection system including a retainer and safety restraint system connector. Aptiv PLC provides various safety restraint system connector solutions for airbags. Thus, increasing demand for automotive safety systems which in turn is further driving the market of the automotive connector systems.

Automotive connectors market is segmented by the system into two types: sealed and unsealed. Commonly sealed connectors are used in engine compartments and un-sealed connectors are used inside vehicles. Wire to wire connection connects two terminal wires to form a circuit. In the wire to board connectors, the electrical connections through wire terminals are inserted into the printed circuit boards (PCB) and a circuit is made. A board-to-board connector is used to connect PCBs and other electric components. Each terminal of a board-to-board connector is connected to a PCB.

The government of India propels producers to increase road safety and alerts them to include airbags, antilock braking (ABS) and speed warning systems as standard equipment in all cars from October 2018 which increases the demand for safety systems in the automobiles. This move is a step forward to reduce road accidents and casualties by the Indian government which in turn is expected to have a positive impact on the Automotive Connectors Market.

Europe holds the major share in Automotive Connectors Market owing to the matured automotive industry in the region. The rise in production and consumption of automotive vehicles is further projected to drive the market growth of Automotive Connectors Market in the region.

Automotive Connectors Market2
Key players Analysed in the Automotive Connectors Market:

• Yazaki Corporation
• Sumitomo Electric Industries Ltd.
• Amphenol Corporation
• Japan Aviation Electronics Industry, Ltd.
• TE Connectivity
• Delphi Automotive
• Molex Incorporated
• JST Mfg. Co., Ltd.
• Foxconn Technology Group
• Hirose Electric Co., Ltd
• Delphi Automotive
• AVX Corporation
• Hirose Electric Co., Ltd
• Glenair
• Samtec
• Carlisle
• CommScope
• ITT Interconnect
• 3M
• Korea Electric Terminal Co.
• Lear Corp.
• LOTES Co., Ltd
The scope of the Automotive Connectors Market:

Automotive Connectors Market, By Vehicle Type:

• Passenger Car
• Commercial Vehicles
Automotive Connectors Market, By Connection Type:

• Wire to Wire Connection
• Board to Board Connection
• Wire to Board Connection
Automotive Connectors Market, By System Type:

• Sealed Connector System
• Unsealed Connector System
Automotive Connectors Market, By Application:

• Body Control & Interiors
• Fuel & Emission Control
• Safety & Security System
• Engine Control & Cooling System
Automotive Connectors Market, By Region:

• North-America
• Europe
• Latin America
• Middle East
• Asia Pacific.

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This Report is published by Maximize Market Research