Automotive Connector Market Statistics, 2021
Automotive Connector Market Analysis, 2021
Automotive connectors are electro-mechanical components used for connecting different components to the circuit boards, connecting different boards, to provide wire to wire connections, avoiding entry of environmental contaminants, and terminal connectors to make unsoldered connections. In automobiles, power connectors (to connect head unit to power supply, switches, volume controls, antennas and others), electric connectors to connect speakers, and specialty peripherals, optical connectors to connect satellite systems, electrical cable connectors to connect power windows, sensors, radio receivers, relays, lighting, and ignition systems are increasingly used.
The automotive connector market is forecast to increase at 6.89% growth rate (CAGR) over the forecast period from 2020 to 2026. Strong demand for automotive electronics across small and medium size vehicle segments, premium brands across the world will drive automotive wiring systems. Increasing launch of high-tech, advanced safety (such as ACC, ESP, TPMS, LDWS, SRC and others), emphasis on electrification of vehicles and surge in semi-autonomous vehicle sales will positively affect the global automotive connectors market. Further, drive towards infotainment systems in passenger cars and commercials vehicles also boosts the market revenue.
The global automotive connectors market is segmented by connection type into wire-to-wire connection market, wire-to-board connection market, and board-to-board connection market. Of these, wire-to-board segment dominates the global industry, with a market share of 63.5% during 2020. The segment is expected to register a market growth (CAGR) of 7.9% from $8.8 billion in 2020 to $13.9 billion in 2026. Rising connectivity, automation, digitization and incorporation of advanced features is encouraging the demand for different connection types. Increasing role of electrical and electronic components in automotives is the main driver for the growth in the segment.
Based on vehicle type, the automotive connector market size is forecast across passenger cars, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Of these, Passenger Cars dominate the global market with 76.4% market share globally, followed by LCVs and HCVs. Further, Sealed and unsealed connector systems are also analyzed in the global market with the sealed connector system dominating the global markets with 63.1% market share.
Among markets, China dominates the global industry with 21% market share, followed by the US, Germany and Japan markets with respective shares of 14%, and 8.2, and 7.9%% worldwide. China is projected to be the fastest growing market in the global automotive connectors market, driven by robust domestic manufacturing and assembling automotive sector.
The market is relatively consolidated despite presence of large number of domestic and regional players. Dominant players in the industry include T E Connectivity, Aptiv Plc (formerly Delphi), Yazaki Corporation, Sumitomo Corporation, J.S.T. Mfg. Co., Ltd., Amphenol Corporation and others. The companies are focusing on diverse applications of connectors including applications across body control and interiors, safety and security application, engine control and cooling systems, fuel and emission control, infotainment and other applications.
Automotive Connector Market Companies Profiled in the Report
TE Connectivity
Yazaki Corp
Aptiv PLC
Sumitomo Wiring Systems LTD.,
J.S.T. Mfg. Co., Ltd.
Amphenol Corporation
Automotive Connector Market Trends- Increased integration and adoption of advanced automotive electronics drive market growth
Demand growth for automotive electronics is one of the key trends observed in the industry. Adoption of ADAS (Advanced Driver Assistance Systems), connected vehicle growth, electric vehicle penetration and safe driving initiatives are among the leading factors supporting automotive electronics, which drives the demand for automotive connectors.
Drive towards lightweight materials, miniaturization, infotainment systems, artificial intelligence and electrification, the auto electronics market is experiencing a rapid growth across passenger car models. Further, developed countries in Europe and North America are emphasizing on energy-saving, emission reduction and safety performance of vehicles, which will drive the use of connectors.
Automotive Connector Market Drivers- In Vehicle connectivity shapes the future of automotive connectors market
The global digital transformation trend is encouraging development of reliable, flexible, safe and cost effective in-vehicle connectivity. Rapid penetration of smartphones worldwide is encouraging the synchronization of smartphones with automotive functions, primarily- infotainment systems.
Leading technology firms like Apple, Google and others are launching wide range of programs and applications for users to sync their smartphones with automobile operations. This is encouraging redesigning of automotive interior from dashboards to cockpits and infotainment systems. Accordingly, the demand for connectors will be robust from cockpit electronic components, navigation, on-drive calling, music and other components.
Further, use of artificial intelligence, advanced operating systems and other technological advancements are being incorporated, which requires innovative interiors, which drives the overall market growth.
China Automotive Connector Market Size Outlook
China is the dominant production hub and sales market for passenger cars and commercial vehicles. The country is characterized by presence of wide number of automotive OEMs and Tier I suppliers. The country is also among the quickly recovering markets from COVID-19 pandemic. The production and assembly operations in China resumed from Q3 2020. Further, supportive fiscal policy, cheap labour and large consumer base are encouraging global companies to set up their production bases in China.
Passenger cars are the dominant segment in the country, driven by population base of over 1.4 billion and rapidly emerging middle -class population. Presence of major Tier 1 and OEM companies in the country, presents marketing opportunities for connector manufacturers. Consumers in the country are price sensitive but prefer advancements in seating, infotainment and cockpit modules. Accordingly, companies launching products with low costs but advanced features will have potential to gain mass scale opportunities.
Automotive Connector Market Report Segmentation-
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1. TABLE OF CONTENTS
1.1 List of Tables
1.2 List of Figures
2. EXECUTIVE SUMMARY
2.1 Summary
2.2 The global automotive industry in 2020
2.3 Automotive Connector Industry Outlook, 2020 – 2030
2.4 Abbreviations
3. INTRODUCTION TO AUTOMOTIVE CONNECTOR MARKET
3.1 Market Segments - Types, Applications, and Countries
3.2 Report Guide
3.3 Research Methodology
4. MACROECONOMIC & DEMOGRAPHIC OUTLOOK
4.1 GDP Outlook, 2020 – 2030
4.2 Population Outlook of Select Countries, 2020 – 2030
5. OVERVIEW OF THE AUTOMOTIVE CONNECTOR MARKET
5.1 Industry Panorama
5.2 Major Companies
5.3 Market Trends
5.4 Largest Vehicle Types
5.5 Dominant Types
5.5.1 Wire-to-Board Connectors
5.5.2 Wire-to-Wire Connectors
5.5.3 Board-to-Board Connectors
5.6 Dominant System Types
5.6.1 Sealed Connectors
5.6.2 Unsealed Connectors
5.7 Regional Outlook
6. GLOBAL OUTLOOK ACROSS COVID-19 SCENARIOS
6.1 Mild COVID Scenario
6.2 Harsh COVID Scenario
6.3 Severe COVID Scenario
7. TRENDS IN END-USER MARKETS
7.1 Passenger Cars
7.2 Light Commercial Vehicles
7.3 Heavy Commercial Vehicles
8. NORTH AMERICA AUTOMOTIVE CONNECTOR MARKET
8.1 Outlook
8.2 Trends and Opportunities
8.2.1 Light Commercial Vehicles dominate the North American Automotive Connector
8.2.2 Sealed Connector Systems dominate the North American Automotive Connector Market
8.2.3 Wired-to-Board Connectors dominate the North American Automotive Connector Market
8.2.4 The US dominates the North American Automotive Connector Market
8.3 Market Outlook by Country
8.3.1 United States
8.3.2 Canada
8.3.3 Mexico
9. EUROPE AUTOMOTIVE CONNECTOR MARKET ANALYSIS
9.1 Outlook
9.2 Trends and Opportunities
9.2.1 Passenger Cars dominate the European Automotive Connector Market
9.2.2 Sealed type connectors dominate the European Automotive Connector Market
9.2.3 Wired-to-Board Connectors dominate the European Automotive Connector Market
9.2.4 Germany dominates the European Automotive Connector Market
9.3 Market Outlook by Country
9.3.1 Germany
9.3.2 United Kingdom
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Other Europe
10. ASIA PACIFIC AUTOMOTIVE CONNECTOR MARKET
10.1 Outlook
10.2 Trends and Opportunities
10.2.1 Passenger Cars dominate the Asia Pacific Automotive Connector Market
10.2.2 Sealed connector dominate the Asia Pacific Automotive Connector Market
10.2.3 Wired-to-Board Connectors dominate the Asia Pacific Automotive Connector Market
10.2.4 China dominates the Asia Pacific automotive connector Market
10.3 Market Outlook by Country
10.3.1 China
10.3.2 India
10.3.3 japan
10.3.4 Other Asia/Oceania
11. LATIN AMERICA AUTOMOTIVE CONNECTOR MARKET
11.1 Outlook
11.2 Trends and Opportunities
11.2.1 Light Commercial Vehicles Dominate the Latin American Automotive Connector
11.2.2 Sealed connector dominate the Latin American automotive connector market
11.2.3 Wired-to-Board Connectors dominate the Latin American Automotive Connector Market
11.2.4 Brazil dominates the Latin America Automotive Connector Market
11.3 Market Outlook by Country
11.3.1 Brazil
11.3.2 Argentina
11.3.3 Other Latin America
12. MIDDLE EAST AND AFRICA AUTOMOTIVE CONNECTOR MARKET
12.1 Outlook
12.2 Trends and Opportunities
12.2.1 Passenger Cars dominate the Middle East and Africa Automotive Connector Market
12.2.2 Sealed Connector Dominates the Middle East and Africa Automotive Connector Market
12.2.3 Wired-to-Board Connectors dominate the Middle East and Africa Automotive Connector Market
12.2.4 Africa dominates the MEA Automotive Connector Market
12.3 Market Outlook by Country
12.3.1 Middle East
12.3.2 Africa
13. COMPETITIVE LANDSCAPE
13.1 TE Connectivity Ltd.
13.1.1 Overview
13.1.2 SWOT Analysis
13.1.3 Key Financials
13.2 Sumitomo Electric Industries Ltd.
13.2.1 Overview
13.2.2 SWOT Analysis
13.2.3 Strategies
13.2.4 Key Financials
13.3 Aptiv PLC
13.3.1 Overview
13.3.2 SWOT Analysis
13.3.3 Key Financials
13.4 Amphenol Corporation
13.4.1 Overview
13.4.2 SWOT Analysis
13.4.3 Key Financials
14. APPENDIX
14.1 About USD Analytics
14.2 Sources and Research Methodology
14.3 Copyright and Disclaimer