Global Automotive Connectors Market Share, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Automotive Connectors Market


The global automotive connectors market size was valued at USD 15.58 billion in 2017, expanding at CAGR of 7.4% over the forecast period. Growth can be attributed to rising demand for connectivity, convenience, and safety features in passenger cars as well as commercial vehicles. Technological advancements have resulted in many features that enhance driving experience and provide better safety.
Safety and security features such as adaptive cruise control, anti-theft alarm system, lane departure warning, keyless entry, and auto emergency braking help in avoiding fatal accidents as well as provide greater levels of security. Such advanced features are integrated within a vehicle using a considerable number of electronic components. Connectors play an essential role in delivering proper power distribution to these components. Furthermore, connectors are manufactured to withstand harsh operating conditions such as high/low temperature, wear and tear, and dirt.
 
Increasing vehicle electrification among different vehicle segments has boosted demand for connectors. Furthermore, growing awareness regarding eco-friendly mobility has plunged sales of electric vehicles, thereby driving demand for automotive connectors. It is anticipated that over 127 hybrid electric car models will be launched over the next five years, which is expected to create immense opportunity for makers of automotive connectors.
Regulations also play a crucial part in shaping the market. The proposed ban on internal combustion engine (ICE) vehicles in different countries has led to increasing adoption of electric vehicles, driven by availability of lucrative schemes. For instance, Norway has set 2025 as the target year for banning ICE vehicles; similarly China and India have announced to ban ICE vehicles by 2030. This amplifies the scope of vehicle electrification, thereby generating higher demand for connectors.
From distribution of power to running GPS navigation-based features, connectors play a crucial role in smooth functioning of any vehicle and the many electronic devices it features. Any malfunctioning in connectors could lead to severe functional failure. Thus, manufacturers are primarily focused on research and development initiatives for producing high-quality connectors that offer uninterrupted functioning.

Market Segmentation, Outlook & Viewpoint: Global Automotive Connectors Market


Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

PCB

IC

RF

Fiber Optic

Other


Connectivity Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Wire to Wire

Wire to Board

Others


Vehicle Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Passenger Car

Commercial Vehicle


Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

CCE

Powertrain

Safety & Security

Body Wiring & Power Distribution

Navigation & Instrumentation


Key Players, Recent Developments & Regional Insights: Global Automotive Connectors Market


The market can be segmented on the basis of product into printed circuit board (PCB), integrated circuit, radio frequency, fiber optic, and others. The others segment includes various application-specific connectors, heavy-duty connectors, and rectangular I/O connectors. The fiber optic segment is anticipated to exhibit the highest CAGR of 10.6% from 2018 to 2025.
Any enhancement in vehicle features significantly increases the use of electronic components. As these components require various types of connectors for efficient functioning, quality of the product is an essential prerequisite for vehicle manufacturers. Printed circuit board is a core component for all electronic devices. Various devices connected in any vehicle electrical systems need to be attached to these PCB boards and this is achieved using multiple types of connectors.
Application Insights
By application type, the automotive connectors market can be segmented into comfort, convenience, and entertainment (CCE), powertrain, safety and security, body wiring and power distribution, and navigation and instrumentation. The safety and security segment dominated the market with a share of over 26.0% in 2017. Advancements in technology have introduced many new safety features in vehicles, such as adaptive cruise control, adaptive front lighting, lane departure warning, and park assistance. Such functions require a high number of sensors, electronic components, and ECUs. Various types of connectors are used to establish reliable connectivity between these components. Moreover, the introduction of machine learning and V2V communication has enhanced vehicle safety.
The navigation segment is anticipated to exhibit the highest CAGR of 9.8% from 2018 to 2025. Increasing accuracy of GPS-enabled devices and implementation of advanced software such as Apple Carplay and Android Auto has fostered the use of navigational applications in both commercial and passenger vehicles.
Connectivity Insights
The market can be segmented on the basis of connectivity into wire to wire, wire to board, and others. The wire to wire segment amounted to USD 5.44 billion in 2017. These connectors are widely used to establish a connection between two wires for functions such as power distribution and data transmission.
 
The wire to board segment is expected to register a CAGR of 6.3% over the forecast period. These are used for transfer of commands from electronic devices to PCB and vice versa. The others segment includes board to board connectors and are used to connect two or more printed circuit boards.
Vehicle Type Insights
By vehicle type, the market can be segmented into passenger cars and commercial vehicles. The passenger car segment dominated the market and was valued at USD 11.55 billion in 2017. Increasing sales of cars in developing countries such as India and China is anticipated to boost market growth.
The commercial vehicles segment includes large trucks, buses, and light commercial vehicles. This segment is expected to witness exponential growth by 2025 fueled by increased stringency in safety regulations for commercial vehicles. For instance, the European Union has mandated the installation of safety features such as lane departure warning and cruise control in commercial vehicles by 2020.

Regional Insights
Asia Pacific dominated the global market with a share of 36.0% in 2017. Asian countries such as China, Taiwan, and Japan are leading manufacturers of electronic components for both passenger cars as well as commercial vehicles. The region is an export hub for various types of automotive parts, owing to availability of low-cost labor, enhanced manufacturing facilities, and ready availability of raw material.
Europe is the second largest market, driven by rising inclusion of advanced driver assistant systems (ADAS) in commercial vehicles. The European Union has made the inclusion of ADAS features such as lane departure warning signal and autonomous breaking mandatory in heavy commercial vehicles. North America is a hub for vehicle electrification. The region accounted for a share of more than 25.0% in 2017.
Automotive Connectors Market Share Insights
The market is highly competitive, with top five companies accounting for a maximum share in the global revenue in 2017. Key players such as TE Connectivity, YAZAKI Corporation, Delphi Technologies, JAE, and Sumitomo Corporation dominated the global market. Technologically advanced, reliable, and durable products are expected to be the key parameters for being competitive in this market. Prominent market players have, as a result, enhanced their R&D capabilities as an attempt to diversify product portfolio and gain market share.

Key Insights Covered: Global Automotive Connectors Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Automotive Connectors industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Automotive Connectors industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Automotive Connectors industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Automotive Connectors industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Automotive Connectors industry.

Research Methodology: Global Automotive Connectors Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other