Automotive Connector Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Automotive Connectors Market is segmented by Application (Powertrain, Comfort, Convenience and Entertainment, Safety and Security, Body Wiring and Power Distribution, and Navigation and Instrumentation), Vehicle Type (Passenger Car and Commercial Vehicle), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market size and forecast for the automotive connectors market in value (USD million) for all the above segments.

Automotive Connector Market Size

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Automotive Connector Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 7.01 Billion
Market Size (2029) USD 8.76 Billion
CAGR (2024 - 2029) 4.53 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Automotive Connector Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Automotive Connector Market Analysis

The Automotive Connector Market size is estimated at USD 7.01 billion in 2024, and is expected to reach USD 8.76 billion by 2029, growing at a CAGR of 4.53% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the market, as there was a slight decline in vehicle sales due to several vehicles and component manufacturing facilities shutting down temporarily. However, with the gradual removal of lockdowns in several countries, the demand for vehicles has slightly increased. Therefore with the increase in demand, key players are also increasing their manufacturing facilities to increase production.

Over the long term, the market is expected to be primarily driven by technological advancements and innovations in systems. Rising adoption of navigation and infotainment systems, among others, have become standard features in most cars across the world. To connect these systems, central electronic control unit automotive connectors are required.

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.

Asia-Pacific is expected to hold a dominant share of the market during the forecast period. The strong automotive industry and rising electric and hybrid vehicles, coupled with government initiatives, are anticipated to support demand across the region during the forecast period. However, key players are also investing in the region due to the increase in the demand for automotive connectors in the market. 

For instance, in September 2021, Lear Corporation (Lear) announced the signing of a definitive agreement for a joint venture with Hu Lane Associate Inc., a Taiwanese manufacturer of automotive connector products. It will immediately broaden Lear's vertical integration capabilities by engineering and manufacturing a portfolio of connection systems products for current and future vehicle architectures offered by global automakers.

Automotive Connector Market Trends

This section covers the major market trends shaping the Automotive Connector Market according to our research experts:

Increasing Advancement in Infotainment ystem

The increasing incorporation of advanced security features in automobiles, as well as the rising demand for electric vehicles (EVs), is the primary factor driving the market growth. Furthermore, the increasing sophistication of automotive sensors and infotainment systems has increased the global demand for automotive wiring harnesses and connectors. Plastic optical fiber (POF) is replacing copper cables in automobiles to improve data transmission and design flexibility while also reducing overall vehicle weight. POF requires automotive connectors to function properly.

In addition to this, the evolution of air conditioning systems and HVAC systems, owing to technological proliferation, is expected to favorably impact connectors' growth during the forecast period. Major players in the market are manufacturing the connectors and entering acquisitions to meet the features in the vehicles. 

For instance, in February 2021, JAE Electronics developed MX79A Automotive Infotainment Connectors for use in automotive navigation systems, advanced driver assistance systems, backup cameras, and in-vehicle entertainment. Additionally, in June 2021, Lear Corporation, a global automotive technology leader in seating and e-systems, signed a joint development agreement with IMS Connector Systems GmbH, a technology company based in Löffingen, Germany, specializing in high-speed Ethernet solutions for automotive applications.

Furthermore, memory and data storage connectors are used in advanced automotive systems to support Wi-Fi networks in automated vehicles. This, combined with the increasing adoption of hybrid vehicles, is fueling market growth. Furthermore, product innovations such as adaptive front lighting, cruise control, park assistance, and departure warning systems, as well as the incorporation of machine learning in self-driving vehicles, are expected to propel the market in the coming years.

Automotive Connectors Market : Number of EV Sold Worldwide From 2018 to 2021, (In Thousand Units)

Europe is Expected to Capture a Larger Market Share During the Forecast Period

Europe leads the way in implementing vehicle safety features, with the Americas and Asia-Pacific following in its footsteps. Growing demand for vehicle electrification in the region, as well as supportive government measures aimed at the development of the country's automotive industry, are expected to create a positive outlook for the growth of automotive connectors during the forecast period.

Furthermore, active developments to meet growing consumer demand, particularly from manufacturers in the electric vehicle industry, are focusing on developing innovative solutions. With increased awareness of vehicle safety and security features, connector manufacturers are anticipated to focus on developing features to meet the demand. 

For instance, in September 2021, TE Connectivity (TE) acquired ERNI Group AG (ERNI). The acquisition of ERNI complements TE's broad connectivity product portfolio, particularly in high-speed and fine-pitch connectors for factory automation, automotive, medical, and other industrial applications. Additionally, in January 2021, HARTING Technology Group expanded its IX Industrial® line of miniature data connector products with new cable assemblies intended for infotainment and passenger information systems and other product variants. This solution is ideal for infotainment and passenger information systems in trains and buses. The connector is significantly smaller and lighter than the comparable circular connectors commonly used in railway applications.

As a result of the advancement of the automotive industry, connectors are expected to grow significantly in the European market during the forecast period.

Automotive Connectors Market-Growth Rate by Region, 2022-2027

Automotive Connector Industry Overview

The automotive connector market is a moderately consolidated market due to the major players, like TE Connectivity Ltd, Yazaki Corporation, J.S.T. Mfg Co. Ltd, Amphenol Corporation, Aptiv PLC, and Sumitomo Wiring Systems Ltd, capturing significant shares in the market. These companies are focusing on expanding their connector business globally to capture the growing trend of advanced electronics and safety systems in vehicles.

For instance, in April 2021, TactoTek and Amphenol ICC announced that they were collaborating to develop automotive-grade in-mold connectors for TactoTek IMSE technology. Amphenol ICC will bring new technology products to customers with transformational technologies like TactoTek's IMSE combined with Amphenol ICC's automotive-grade MicroSpace connector platform and Duflex crimp technology.

Additionally, in March 2021, KYOCERA launched 0.4mm-Pitch 8152 series electronic connectors for automotive applications. It conforms to high-speed transmission standard MIPI D-PHY (2.5 Gbps), PCI Express Gen2 (5Gbps), and Gen3 (8Gbps). The frame is shielded for a robust design and EMI reduction suitable for demanding automotive applications.

Automotive Connector Market Leaders

  1. TE Connectivity Ltd

  2. Aptiv PLC

  3. Amphenol Corporation

  4. Koch Enterprises Inc

  5. Yazaki Corporation

*Disclaimer: Major Players sorted in no particular order

Automotive Connector Market Concentration
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Automotive Connector Market News

  • Nov 2022: Molex Incorporated (Molex), a manufacturer of automotive connector systems, announced the expansion of its Guadalajara, Mexico, site and the establishment of a second plant. To meet rising demand, the company will increase production capacity for parts used in electric vehicles (EVs).
  • Apr 2022: Aptiv PLC (Aptiv) reported that its smart plant in Anting, Jiading District, Shanghai, is still in operation, with roughly 80% of its production capacity through "closed-loop" manufacturing. The connector plant of Aptiv manufactures high-voltage power distribution units, EV chargers, high-voltage charging sockets, high-voltage connectors, special wire harnesses, and automotive electronics like wireless charging and multimedia interfaces in addition to connector system products like plug-ins, seals, terminals, and plastic housings.
  • Mar 2022: Morocco's Ministry of Industry and Trade signed eight investment agreements totaling MAD 1.7 billion with international automotive suppliers Yazaki, Sumitomo, Lear, Stahlschmidt, and TE Connectivity, creating nearly 12,000 direct jobs. The eight investment agreements are part of the cabling ecosystem's development of deep integration and move upmarket via the localization of connectors, terminals, cables for electric vehicles, plastic parts, and other precision mechanics and automation trades.

Automotive Connector Market Report - 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 Industry Attractiveness - Porter's Five Forces 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 (Market Size in USD Million)

    1. 5.1 Application

      1. 5.1.1 Powertrain

      2. 5.1.2 Comfort, Convenience, and Entertainment

      3. 5.1.3 Safety and Security

      4. 5.1.4 Body Wiring and Power Distribution

      5. 5.1.5 Navigation and Instrumentation

    2. 5.2 Vehicle Type

      1. 5.2.1 Passenger Car

      2. 5.2.2 Commercial Vehicle

    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 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 Italy

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 South Africa

        4. 5.3.4.4 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 TE Connectivity Ltd

      2. 6.2.2 Yazaki Corporation

      3. 6.2.3 J.S.T. Mfg Co. Ltd

      4. 6.2.4 Molex Incorporated (Koch Industries Inc. )

      5. 6.2.5 Amphenol Corporation

      6. 6.2.6 Luxshare Precision Industry Co. Ltd

      7. 6.2.7 Aptiv PLC

      8. 6.2.8 Hirose Electric Co. Ltd

      9. 6.2.9 Samtec

      10. 6.2.10 Lumberg Holding

      11. 6.2.11 Sumitomo Wiring Systems Ltd

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Automotive Connector Industry Segmentation

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 Automotive Connector Market is segmented by Application (Powertrain, Comfort, Convenience and Entertainment, Safety and Security, Body Wiring and Power Distribution, and Navigation and Instrumentation), Vehicle Type (Passenger Car and Commercial Vehicle), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecast for the automotive connectors market in value (USD million) for all the above segments.

Application
Powertrain
Comfort, Convenience, and Entertainment
Safety and Security
Body Wiring and Power Distribution
Navigation and Instrumentation
Vehicle Type
Passenger Car
Commercial Vehicle
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Brazil
Argentina
South Africa
Other Countries
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Automotive Connector Market Research FAQs

The Automotive Connector Market size is expected to reach USD 7.01 billion in 2024 and grow at a CAGR of 4.53% to reach USD 8.76 billion by 2029.

In 2024, the Automotive Connector Market size is expected to reach USD 7.01 billion.

TE Connectivity Ltd, Aptiv PLC, Amphenol Corporation, Koch Enterprises Inc and Yazaki Corporation are the major companies operating in the Automotive Connector Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Automotive Connector Market.

In 2023, the Automotive Connector Market size was estimated at USD 6.71 billion. The report covers the Automotive Connector Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Connector Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Key factors driving the growth of Automotive Connector Market are a) Rising demand for electric vehicles (EVs) b) Advancements in automotive electronics c) Increasing vehicle safety regulations d) Growing trend of connected cars

Automotive Connector Industry Report

The automotive connectors market is witnessing substantial growth, fueled by the increasing integration of electronic components and advanced safety features in vehicles. This market is categorized based on connection type, application, system type, vehicle type, and region, with key segments including wire to wire, wire to board, and board to board connections. These are essential for applications such as body control, safety and security, and infotainment systems. The Asia-Pacific region leads this market due to higher vehicle production and rising consumer income levels. Automotive connector manufacturers are innovating to address the needs of electric and autonomous vehicles, focusing on enhanced connectivity and safety features. The competitive landscape sees car connector companies expanding globally and enriching their product portfolios to capitalize on opportunities in vehicle electrification and advanced automotive technologies. Collaborations and technological advancements are propelling the industry forward. For detailed statistics, market share, size, revenue growth rate, and a forecast outlook of the Automotive Connector market, access a free report PDF download from Mordor Intelligence™ Industry Reports.

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Automotive Connector Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)