According to the latest report “Automotive Connectors Market by Connection Type, System Type, Application and Region with Forecast To 2023, published by Market Research Future, the Global Automotive Connector Market to Grow at a Lucrative Rate During forecast period of 2019 to 2023.
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Automotive Connectors Market Highlights:
Presence of many prominent players in the global automotive connectors market including TE Connectivity (Switzerland), Delphi Automotive (U.K.), Yazaki Corporation (Japan), Sumitomo Electric (Japan), Japan Aviation Electronics Industry (Japan), Amphenol Corporation (U.S.), Hirose Electric Co., Ltd. (Japan), Hu Lane Associates Inc. (Taiwan), Korea Electric Terminal Co. Ltd. (South Korea), Kyocera Corporation (Japan) has been observed.
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Automotive Connectors Market Drivers and Restraints:
Automotive connectors are electromechanical components that are vital for connecting the electrical circuits. Connectors are usually used in the automotive-oriented equipment to connect electrical devices and wires. Electrical connectors consist of plugs and jacks. They form a connection in a vehicle in the same way the blood vessels are connected to the human body.
The global automotive connectors market is primarily driven by the growing need for security in automobiles. Connectors are used in a maximum number of security systems in automobiles. The booming smart car industry is also directly influencing an upward movement in the growth chart of the automotive connectors market. The emergence of electric vehicles has also propelled the demand for automotive connectors during the forecast period. The global automotive connectors market is anticipated to secure a healthy CAGR during the assessment period.
Most electrical connectors in a car are made from copper cables. However, a shift towards the use of plastic optical fiber (POF) is observed. Use of plastic optical fiber (POF) cables enables higher data transmission, reduction in vehicle weight and enhanced design flexibility. The rising usage of plastic optic fiber cables has created an increasing need for sophisticated automotive connectors, causing an ascension in the global market for the same.
Global Automotive Connectors Market Segments Analysis:
The global automotive connectors market is segmented on the basis of connection type, system type, application, and region.
The global automotive connectors market is segmented into wire to wire, wire to board, and board to board on the basis of connection type. A wire to wire connector is used to connect two terminal wires to a circuit board and inserted into printed circuit boards (PCBs) to make a circuit. Whereas, a board to board connector is often used to connect PCBs and other electric components. Based on application, the automotive connectors market is segmented into body control & interiors and engine control & cooling system.
Based on system type, the global automotive connectors market is segmented into sealed and unsealed. Sealed connectors are primarily used in engine compartments while the unsealed connectors are usually used inside the vehicles.
Global Automotive Connectors Market Regional Analysis:
The Market Research Future (MRFR) report has been studied for the geographical segments of North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is likely to spearhead the global automotive connectors market owing to a booming automotive market. Bolstering manufacturing of vehicles in the developing nations due to rising populations and higher disposable incomes has directly affected the demand patterns of automotive connectors in the region.
Meanwhile, in Europe, a rise in the number of stringent policies laid out by the government to enhance automotive and passenger security has promoted the usage of automotive connectors. Further, rising security concerns among consumers are also expected to boost the automotive connectors market in the region. Germany is likely to be a prominent market for automotive connectors owing to the presence of many market giants in the country.
North America is also projected to witness a considerable rise in the demand for automotive connectors. The U.S. is estimated to pose as the largest country-specific market in the region, with Canada and Mexico holding significant shares within North America.
Report Overview:
The report for Automotive Connectors Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continued…
List Of Tables:
TABLE 1 GLOBAL AUTOMOTIVE CONNECTORS MARKET, BY CONNECTION TYPE
TABLE 2 GLOBAL AUTOMOTIVE CONNECTORS MARKET, BY SYSTEM TYPE
TABLE 3 GLOBAL AUTOMOTIVE CONNECTORS MARKET, BY APPLICATION
TABLE 4 GLOBAL AUTOMOTIVE CONNECTORS MARKET, BY REGIONS
TABLE 5 NORTH AMERICA AUTOMOTIVE CONNECTORS MARKET, BY CONNECTION TYPE
TABLE 6 NORTH AMERICA AUTOMOTIVE CONNECTORS MARKET, BY SYSTEM TYPE
Continued…
LIST OF FIGURES:
FIGURE 1 RESEARCH SYSTEM TYPE
FIGURE 2 GLOBAL AUTOMOTIVE CONNECTORS MARKET: BY CONNECTION TYPE (%)
FIGURE 3 GLOBAL AUTOMOTIVE CONNECTORS MARKET: BY SYSTEM TYPE (%)
FIGURE 4 GLOBAL AUTOMOTIVE CONNECTORS MARKET: BY APPLICATION (%)
FIGURE 5 GLOBAL AUTOMOTIVE CONNECTORS MARKET: BY REGION
FIGURE 6 NORTH AMERICA AUTOMOTIVE CONNECTORS MARKET, BY CONNECTION TYPE (%)
Continued…
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Source: MarketersMedia
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