The global automotive connectors market 2020 is primarily affected by the increase in demand for security in automobiles. Connectors are used extensively in security systems in automobiles. With the rising theft in automobiles, there is an increased demand for security systems in the automotive which further results in the expansion of the automotive connectors market. With the boosting industry of smart cars, the demand and usage of connectors are constantly rising. This results in the expansion of the automotive connectors market. The rise in electrification in automobiles is also likely to bring an impact on the automotive connectors market in the region.
However, the lack of basic protocols for the advancement of automotive connectors, durability, and reliability of connectors, and the scarcity of proficient workers are anticipated to be the major factors obstructing the expansion of this market. But at the same time, the rising demand for high-performance automobiles and autonomous automobiles is offering the avenue for expansion of the global automotive connectors market.
Key Players
The important players in the global automotive connectors market size are
Delphi Automotive (UK),
Kyocera Corporation (Japan),
TE Connectivity (Switzerland),
Yazaki Corporation (Japan),
Japan Aviation Electronics Industry (Japan),
Sumitomo Electric (Japan),
Market Segmentation
The global automotive connectors market can be segregated on the basis of vehicle type, connection type, application type, system type, and region.
On the basis of vehicles, the global automotive connectors market can be segregated into a commercial vehicle and passenger car. The passenger car vertical is likely to lead throughout the review period due to the increasing demand for passenger vehicles in the developed and developing nations.
On the basis of connection, the global automotive connectors market can be segregated into wire-to-board, wire-to-wire, and board-to-board. The wire-to-board vertical is estimated to expand at a considerable rate during the review period due to the increasing demand for electrical automobiles inverter and battery management systems.
On the basis of application type, the global automotive connectors market can be segregated into engine control and cooling system, body control and interiors, safety and security system, and others. The safety and security system-based devices are estimated to seize the maximum market size during the review period due to the rising theft of vehicles.
Regional Analysis of automotive connector market
On the basis of region, the global automotive connectors market has been primarily divided into Europe, North America, Asia-Pacific and the Rest of the World (RoW).
The APAC market is estimated to reign the automotive connectors market during the review period due to the rising disposable income and expansion in the manufacture of electric vehicles in emerging nations such as India and China.
In Europe, the stringent rules and regulations implemented by the government for the safety of vehicles and passengers and the rise in safety concerns amongst the consumers are participating in the expansion of the automotive connectors market in the region.
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