AutomotiveConnector Market Size And Forecast
AutomotiveConnector Market size was valued at USD 18.61 Billion in 2020 and is projectedto reach USD 32.57 Billion by 2028, growing at a CAGR of 7.25% from 2021 to2028.

Therise in demand for connection, convenience, and safety features in passengerand commercial vehicles can be ascribed to this growth. Many features have beendeveloped as a result of technological improvements that improve the drivingexperience and increase safety. The Global Automotive Connector Market reportprovides a holistic evaluation of the market. The report offers a comprehensiveanalysis of key segments, trends, drivers, restraints, competitive landscape,and factors that are playing a substantial role in the market.

GlobalAutomotive Connector Market Definition
Connectorsfor automobiles are electrochemical devices that connect various electricalcircuits. They connect electric terminals to make a full circuit and ensurethat the automobile’s electronics and safety gadgets communicate and navigateeffectively. They are made up of female-ended jacks or sockets and male-endedplugs that are installed beneath the hood of the car. These connectors are usedto connect advanced safety and security features including anti-theft alarms,adaptive cruise control, keyless entry, and auto emergency braking systems toelectrical components. Looking ahead, the global Automotive Connector Market ispredicted to rise at a CAGR of roughly 6% during the next few years(2021-2026).

Adaptivecruise control, an anti-theft alarm system, lane departure warning, keylessentry, and auto emergency braking are all safety and security technologies thathelp to reduce tragic accidents while also increasing security. A large numberof electronic components are used to integrate such advanced functions into avehicle. Connectors are critical in ensuring that these components receivecorrect power distribution. Connectors are also built to survive a variety ofdifficult operating circumstances, including extremes in temperature, wear andtear, and filth.

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GlobalAutomotive Connector Market Overview
Therising demand for electric vehicles (EVs) and the increasing adoption ofadvanced security features in automobiles are the main drivers driving themarket’s growth. Furthermore, as automobile sensors and infotainment systemsbecome more sophisticated, demand for automotive wire harnesses and connectorshas increased around the world. A plastic optical fiber (POF) is replacingcopper connections in automobiles to boost data transfer and design flexibilitywhile also reducing overall vehicle weight. Automotive connectors are requiredfor POF to function properly. In addition, memory and data storage interfacesare used in sophisticated automotive systems to support Wi-Fi networks inautomated vehicles.

This,together with the growing popularity of hybrid automobiles, is propelling themarket forward. Adaptive front lighting, cruise control, park assistance, anddeparture warning systems, as well as the use of machine learning inself-driving vehicles, are projected to drive the market in the future years.Connector demand has increased as vehicle electrification has increased acrossall vehicle categories. Furthermore, rising public awareness of environmentallyfriendly mobility has resulted in a drop in electric vehicle sales, resultingin an increased need for automotive connectors.

Meetingdependability and durability standards is one of the primary concerns formanufacturers in the market. In today’s vehicles, heavy electronic componentsare used to control crucial systems such as airbags and GPS navigation. Bothlow and high-frequency solutions can be handled by the connector solutions. As aresult, electronic components used in vital systems must be dependable andlong-lasting, as a system failure could have fatal consequences.

During127 hybrid electric car types are likely to be released over the next fiveyears, presenting a huge opportunity for automotive connector manufacturers.Regulations are also important in determining the market. The projected ban oninternal combustion engine (ICE) vehicles in various nations have resulted inan increase in electric vehicle use, owing to the availability of lucrativeincentives. For example, Norway has set 2025 as the deadline for ICE car bans,while China and India have stated that ICE vehicles will be banned by 2030.

Asa result, the scope of vehicle electrification expands, resulting in an increasedneed for connectors. Connectors play a critical part in the proper operation ofany car and the many electronic gadgets it contains, from power distribution torunning GPS navigation-based functions. Any connector fault could result in acomplete loss of functionality.

GlobalAutomotive Connector Market: Segmentation Analysis
TheGlobal Automotive Connector Market is Segmented based on Product, Application,and Geography.

AutomotiveConnector Market, By Product
•Printed Circuit Board (PCB)
• Integrated Circuit
• Radio Frequency
• Fiber Optic
• Others

Basedon Product, the market is bifurcated into Printed Circuit Board (PCB),Integrated Circuit, Radio Frequency, Fiber Optic, and Others. From 2018 to2025, the fiber optic segment is expected to grow at the fastest rate of 10.6%.Any improvement in vehicle features raises the use of electronic componentsdramatically. Because these components require various types of connectors tofunction properly, carmakers must ensure that the product is of high quality.All electronic gadgets have a printed circuit board as a basic component. Allelectronic gadgets have a printed circuit board as a basic component. Variousequipment in any vehicle’s electrical system must be connected to these PCBboards, which is accomplished via a variety of connectors.

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AutomotiveConnector Market, By Application
•Comfort, Convenience and Entertainment (CCE)
• Powertrain
• Safety and Security
• Body Wiring and Power Distribution
• Navigation & Instrumentation

Basedon Application, the market is bifurcated into Comfort, Convenience andEntertainment (CCE), Powertrain, Safety and Security, Body Wiring and PowerDistribution, and Navigation and Instrumentation. With a market share of nearly26.0 percent in 2017, the safety and security category dominated the industry.Many new safety features in automobiles have been created as a result oftechnological advancements, such as adaptive cruise control, adaptive front illumination,lane departure warning, and park aid.

Sensors,electronic components, and ECUs in large numbers are required for suchfunctions. Connectors of various types are used to ensure that these componentsare connected reliably. Furthermore, the addition of machine learning andvehicle-to-vehicle communication has improved vehicle safety.

AutomotiveConnector Market, By Geography
•North America
• Europe
• Asia Pacific
• Rest of the world

Onthe basis of regional analysis, in terms of value, the Asia-Pacific region waspredicted to lead the market in 2016. Rising consumer income levels increasedcar production in developing nations like China, and an increase in electricvehicles in countries like Japan have all contributed to the Asia-Pacificregion’s market growth.

KeyPlayers
The“Global Automotive Connector Market” study report will provide valuable insightwith an emphasis on the global market. The major players in the marketare TEConnectivity, YAZAKI Corporation, Aptiv (Formerly Delphi Automotive PLC),Sumitomo Wiring Systems Ltd., Molex, LLC, Amphenol Corporation, Japan AviationElectronics Industry, Ltd., KOREA ELECTRIC TERMINAL CO., LTD., J.S.T. Mfg. Co.,Ltd, KYOCERA Corporation. The competitive landscapesection also includes key development strategies, Market share, and MARKETranking analysis of the above-mentioned players globally.

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