Passenger Car Sensors Market Research Report - Forecast to 2022
Global Automotive Connector Market to Grow at a Lucrative Rate During Forecast Period. Rising Security Needs in Automobiles to Drive Global Automotive Connector Market. Asia Pacific to Dictate Global Automotive Connector Market
Global Automotive Connector Market Overview
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.
Market Segmentation
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.
Detailed 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.
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Key Players
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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