Automotive Connector Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The automotive connector market is expected to register a CAGR of over 6%, during the forecast period, 2020 - 2025.

• The increase in safety concerns among consumers, coupled with safety-related initiatives from government agencies, has elevated the requirement for a reliable connector in various vehicle systems. For instance, safety systems, like seatbelts, airbags, and brakes used in vehicles require a connection system comprising a retainer and safety restraint system connector. Thus, the increasing demand for automotive safety systems has a direct influence on the demand for automotive connectors, in turn, driving the growth of the market.
• Furthermore, the usage of electronics in other applications, such as advanced and convenient systems, like automatic transmissions and infotainment, has also been increasing, which, in turn, is driving the demand for automotive wiring harnesses in automobiles, thereby, propelling the need for connectors in these systems.
• Connectors are placed under the hood of automobiles and must have the capacity to withstand high as well as sub-zero temperatures and shocks. Thus, reliability and durability concerns are some functional challenges that hinder the growth of the market.
• The automotive connector market has major application in the powertrain systems, followed by safety and infotainment systems.

Scope of the Report

Connectors are primarily used to connect or disconnect electrical lines. In automobiles, different types of connectors, such as wire-to-wire connections, board-to-wire connections, and device connections, are used to connect or disconnect prefabricated parts or devices to the given wiring harness. The aforementioned connectors has been considered in the scope of the study.

The automotive connector market has been segmented by application type, vehicle type, and geography.

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Key Market Trends

Safety and Security to Witness Fast Growth

The safety and security segment is expected to witness the fastest growth rate, during the forecast period.

Improving safety and security of vehicles is a growing concern among automakers and governments; as a result, automakers have started installing dedicated electronic control units (ECUs) at every critical level of vehicle systems, including powertrain, steering, and braking systems. For instance, the usage of ECUs, such as electric power steering ECU unit and anti-lock braking system (ABS) ECU unit have been significantly increased to approximately 4-5% annually, during the past three years (2015-2018).

Other safety and security features, such as airbags and central-locking system, have been predominantly installed in more than 60% of all new vehicle sales in 2019.

In addition to this, ADAS features, such as adaptive cruise control, parking assist, lane departure warning and assist system, blind spot detection, night vision system, adaptive front lighting system etc., have been gradually penetrating in vehicles globally, majorly in the European (EU) and North American region, and countries, like China and Japan.

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