Automotive Connectors Market 2024-2032: Global Industry Trends, Latest Insights and Growth

According to IMARC Group’s latest report, titled “Automotive Connectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the automotive connectors market size, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How Big is the Automotive Connectors Market?

The global automotive connectors market size reached US$ 13.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 21.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.5% during 2024-2032.

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What is Automotive Connectors?

Automotive connectors represent electrochemical elements that are used for attaching various electrical circuits. They join electric terminals to form a complete circuit and ensure effective communication as well as navigation between the electronics and safety devices of automobiles. Automotive connectors are generally designed to withstand low and high temperatures, dirt, wear and tear, etc. In line with this, they also integrate numerous advanced safety and security features, such as anti-theft alarms, adaptive cruise control, keyless entry, auto emergency braking systems, etc., in vehicles and assure that components receive correct power distribution.

Automotive Connector Market Trends:

The escalating demand for connectivity and convenience in passenger and commercial vehicles is primarily driving the automotive connectors market. Additionally, the growing consumer awareness towards eco-friendly mobility and the inflating popularity of adaptive front lighting, cruise control, park assistance, departure warning systems, etc., are further catalyzing the market growth.

Besides this, the widespread adoption of advanced automotive solutions that use memory and data storage connectors to support Wi-Fi networks in automated vehicles is acting as another significant growth-inducing factor. Moreover, the leading manufacturers are replacing copper cables with plastic optical fiber (POF) to improve data transmission and design flexibility, which is positively influencing the global market. Apart from this, the rising utilization of machine learning (ML) in self-driving automobiles is anticipated to fuel the automotive connectors market over the forecasted period.

Automotive Connector Market 2024-2032 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the automotive connectors market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • TE Connectivity
  • Aptiv
  • Formerly Delphi Automotive PLC
  • Yazaki Corporation
  • Molex Incorporated
  • Sumitomo Electric Industries Ltd.
  • Amphenol Corporation
  • Japan Aviation Electronics
  • Luxshare Precision
  • JST Manufacturing
  • Hirose Electric Co. Ltd.
  • Korea Electric Terminal Co. Ltd.
  • AVX Corporation
  • Kyocera Corporation
  • Rosenberger
  • Hu Lane Associate Inc
  • Samtec
  • Lumberg Holding

Key Market Segmentation:

The report has segmented the automotive connectors market on the basis of connection type, connector type, system type, vehicle type and application.

Based On Connection Type:

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

Based On Connector Type:

  • PCB Connectors
  • IC Connectors
  • RF Connectors
  • Fiber Optic Connectors
  • Others

Based On System Type:

  • Sealed Connector System
  • Unsealed Connector System

Based On Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
  • Electric Vehicles

Based On Application:

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

Based On Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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