Automotive And Transportation Connector Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Automotive & Transportation Connector Market is segmented by product type (Wire to board Connector, Board to board connector and wire to wire connector), by application type (safety and security, Body Wiring & Power Distribution, CCE, Powertrain, Others) and Geography.

Market Snapshot

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Study Period: 2018 - 2026
Base Year: 2019
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %

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Market Overview

The automotive and transportation connector market is expected to grow at a CAGR of over 4% during the forecasted period (2020 - 2025)

  • This market is majorly driven by growing electronics content in automotive like infotainment and safety systems and rising disposable incomes in emerging and developed countries. Nowadays, vehicles are equipped with heavy electronic components to control critical systems including airbags, GPS navigation etc. With rapidly increasing technology, the usage of electronic components in automobiles is also increasing. Growing demand for automotive safety requires sophisticated automotive sensors which are anticipated to increase demand for automotive connectors.
  • The percentage share of electronics is increasing as a share of vehicle components. Growing demand for electronics is expected to escalate the demand for automotive connectors. Most of the electrical connections in a car are made of copper cables. Recently, manufacturers have started to replace copper cables with plastic optical fiber (POF) to increase data transmission, reduce vehicle weight, and increase design flexibility. Rising demand for POF in the automotive industry is projected to rise the demand for automotive connectors. A major opportunity in automotive connectors is the increasing acceptance of hybrid and electric vehicles across the world. Major automotive manufacturers intend to produce increasing number of electric vehicles.

Scope of the report

The automotive and transportation connector market report contains the latest trends and technological developments in the market, demand by Product Type, Application Type, Geographical analysis, and share of major players across the globe

Product Type
Wire to board connector
Board to board connector
Wire to wire connector
Application Type
Safety & Security
Body Wiring & Power Distribution
CCE
Powertrain
Others
Geography
North America
United States
Canada
Mexico
Rest Of North America
Europe
Germany
United Kingdom
France
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest Of Latin America
Middle East & Africa
South Africa
United Arab Emirates
Others

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Key Market Trends

Increasing Electronic Components in Automobiles

Safety and security systems such as adaptive cruise control, ant-theft alarm system, lane departure warning, keyless entry, braking systems, and autonomous driving systems help in avoiding fatal accidents as well as provide greater security. Such advanced features are integrated within vehicle using considerable number of electronic components. Connectors play an essential role in delivering proper power distribution to these components. Manufacturers are investing into developing superior connector technology at low price to withstand harsh operation conditions such as high/low temperature, wear and tear, and dirt.  Increasing vehicle electrification among different vehicle segments has boosted the demand for connectors. Further growing awareness regarding eco-friendly mobility has plunged sales of electric vehicles, thereby driving demand for automotive connectors. It is anticipated that over 150 hybrid electric vehicle models are going to be launched during the forecasted period, which creates an immense opportunity for manufacturers of connectors.

Regulations also play an important role in shaping the market. The proposed ban on internal combustion engine (ICE) vehicles in different countries led to increasing adoption of electric vehicle. For example Norway has set 2025 as the target year for ban on ICE vehicles. China has announced ban by 2030. This amplifies the scope of vehicle electrification, thereby increasing the demand for automotive and transportation connectors market during the forecasted period.

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Europe Is Expected to Lead Automotive and Transportation Connector Market

The German automotive industry is one of the largest, with a turnover of over EUR 435.3 billion in 2019. The export value was EUR 217.8 billion, Europe remains the primary market for these export vehicles. Other leading importers of German manufactured vehicles are North and South America. Volkswagen group topped a ranking of the leading manufacturer based on global sales, with almost 11 million units sold worldwide in 2019. In 2019 3.6 million passenger cars were sold in Germany, which was a slight year on the increase from 2018. German automotive and transportation connectors manufacturers are expected to see higher growth during the forecasted period after the slow growth in 2020. Germany ranked 1st in the world for car exports and in terms of  automotive technology export. With the increase in the shortage of natural resources and costs, manufacturers are looking to produce low-cost products around the world. The Cost-effectiveness of the highly advanced manufacturers is expected to propel the market towards growth during the forecasted period. Manufacturers are taking advantage of growing automobile. Raising consumer confidence, improving quality, durability, and advancement of technology together, these factors are expected to drive the market for automobile and transportation connectors toward exponential growth in the future.

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Competitive Landscape

The market for Automotive & Transportation Connector is a fragmented one with players such as TE Connectivity, Amphenol Corporation, Yazaki Corporation, Sumitomo Corporation, Delphi Automotive, etc. dominating the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Wire to board connector

      2. 5.1.2 Board to board connector

      3. 5.1.3 Wire to wire connector

    2. 5.2 Application Type

      1. 5.2.1 Safety & Security

      2. 5.2.2 Body Wiring & Power Distribution

      3. 5.2.3 CCE

      4. 5.2.4 Powertrain

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest Of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Spain

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Rest Of Latin America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 TE Connectivity

      2. 6.2.2 Yazaki

      3. 6.2.3 Delphi Automotive

      4. 6.2.4 Amphenol Corporation

      5. 6.2.5 Molex Incorporated

      6. 6.2.6 Sumitomo Corporation

      7. 6.2.7 Korea Electric Terminal Co. Ltd

      8. 6.2.8 Rosenberger Hochfrequenztechnik GmbH & Co. KG

      9. 6.2.9 Luxshare Precision Industry Co. Limited

      10. 6.2.10 JST

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive And Transportation Connector Market market is studied from 2018 - 2026.

The Automotive And Transportation Connector Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2019.

Yazaki Corporation, Amphenol Corporation, TE Connectivity, Delphi Technologies, Sumitomo Corporation are the major companies operating in Automotive And Transportation Connector Market.

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