This study provides insights about the Automotive Connectors Market in regards to its uses and benefits. We at Crystal Market Research (CMR) provide updated information that is beneficial in decision making regarding business investments.
Industry Trend Analysis
The market is primarily driven by advanced safety features in vehicles, increasing number of autonomous vehicles and increasing number of electronic components across the globe. In addition, increasing disposable income and rising adoption of electric vehicles in emerging economics will boost the growth of the automotive connectors market in the upcoming years. The increasing incidence of road accidents has encouraged the manufacturers to make more investments on automotive safety features and components. For instance, as per National Safety Council, more than 38000 people died due to motor vehicles crashes in US. This statistics has made Government to invest more on road safety. Increasing fuel prices across the globe will also enhance the demand for hybrid and fuel efficient vehicles in the upcoming years. Furthermore, rise in the adoption of autonomous vehicles will fuel the growth of this market. However, increasing labor cost and high pricing can hamper the growth of automotive connectors market. Thus, considering these drivers and restrains, automotive connectors market is expected to exhibit moderate growth over the forecast period.
Competitive Outlook and Trend Analysis
The key players operating in the global automotive connectors market emphasize on product development in order to introduce more technologically advanced automotive connectors to capture a larger share of the market. Some of the major players in this market are, Delphi Automotive PLC, Amphenol, TE Connectivity Corporation, Yazaki Corporation, Sumitomo Electric, Japan Aviation Electronics Industry, Korea Electric Terminal and Rosenberger.
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Product Type Outlook and Trend Analysis
Connector is an electrochemical element which is necessary for attaching electrical circuits together. Automotive connectors are components that connect the electronics and safety devices in automobiles which will be useful in communication and navigation. The latest automobiles are available with advanced safety features. Moreover, there is a need arising for Ethernet due to faster data transmission rate which will increase the adoption rate of advanced connectors. There has been a rise in fuel price which led to the rise in demand for vehicles which are fuel efficient. There are three form factors of automotive connectors, namely, board to board connectors, wire to board connectors and wire to wire connectors. In board to board connectors two circuit boards are connected. On the other hand, in wire to board connectors, components are connected to circuit boards. In case of wire to wire connectors, two wire terminated cables are joined together. The new automotive wirings for electronics are light weighted, low cost and less complex as compared to conventional wiring. In conventional wiring, copper was used which led to increase in the weight of the automobile. The new wiring includes optical fiber which is lightweight and has high bandwidth making it superior to conventional wiring.
Automotive Connectors Market Segmentation:
By Connection Type
- Board to Board Connection
- Wire to Board Connection
- Wire to Wire Connection
By System Type
- Unsealed Connector System
- Sealed Connector System
By Vehicle Type
- Electric Vehicles
- Commercial Vehicle
- Passenger Car
- Body Control and Interiors
- Engine Control and Cooling System
- Safety and Security
- Fuel and Emission Control
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Regional Outlook and Trend Analysis
North America held a significant share of the Automotive Connectors Market in 2014 due to the increasing awareness of the people towards to road accidents and increase in disposable income especially among middle income group. The Asia-Pacific market has not experienced any substantial growth due to high pricing and low Government initiatives towards road safety, but can experience favorable growth in coming years owing to increasing in disposable income in the region.
Major Table of Contents:
1.1. Report Description
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
220.127.116.11. Rapidly Changing Lifestyles and Increase in Disposable Income
18.104.22.168. Increasing Awareness Towards Road Fatalities
22.214.171.124. Increasing Preferences Towards Autonomous Vehicles
126.96.36.199. High Labor Cost
188.8.131.52. High Pricing of Equipment
184.108.40.206. Emerging Countries to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2014-2023)
4.1.2. Canada Market States and Outlook (2014-2023)
4.1.3. Mexico Market States and Outlook (2014-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2014-2023)
4.2.2. France Market States and Outlook (2014-2023)
4.2.3. UK Market States and Outlook (2014-2023)
4.2.4. Russia Market States and Outlook (2014-2023)
4.2.5. Italy Market States and Outlook (2014-2023)
4.2.6. Rest of Europe Market States and Outlook (2014-2023)
This report focuses on various levels of analysis—industry trends, market ranking of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the rapid microbiology testing market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.
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About Crystal Market Research:
Crystal Market Research (CMR) is a main industry insight arrangement that gives all statistical surveying reports from top distributers, a U.S. based market research and business Intelligence Company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.