Dublin, July 07, 2023 (GLOBE NEWSWIRE) -- The "Global Automotive Connector Market (2023-2027)" report has been added to ResearchAndMarkets.com's offering.
The global automotive connector market is expected to record a value of US$103.92 billion, growing at a CAGR of 12.70%, for the time period of 2023-2027.
Factors such as accelerating sales of autonomous cars, growing digital ad spending in automotive industry, upsurge in millennial population, rising developments in Europe connector market, surging urbanization and increase in safety concerns among consumers would drive the growth of the market.
However, the market growth would be challenged by reliability concerns in automotive connectors. A few notable trends may include rising demand for in-car entertainment, growing demand for electric vehicles and growth in car glass market.
Based on application, the global market was dominated by the general automotive connectors, owing to the growing sophistication of automotive sensors and infotainment systems. Based on vehicle type, the global market was dominated by passenger cars, due to the various product innovations such as adaptive front lighting, cruise control, park assistance and departure warning systems.
The fastest growing regional market was China, due to the rise in production of advanced vehicles such as autonomous cars and heavy-duty vehicles. Also, owing to the availability of raw materials, advanced manufacturing facilities and low cost workers, China has become a major exporter of numerous auto components across the world.
Companies Mentioned
- Sumitomo Electric Industries
- Aptiv
- TE Connectivity
- Amphenol
- Japan Aviation Electronics Industry, Ltd.
- Hirose Electric Group
Scope of the report:
- The report provides a comprehensive analysis of the global automotive connector market.
- The major regional markets (China, North America, Europe, Asia Pacific, Japan and ROW) have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 74 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $64.42 Billion |
| Forecasted Market Value (USD) by 2027 | $103.92 Billion |
| Compound Annual Growth Rate | 12.7% |
| Regions Covered | Global |
Key Topics Covered:
1. Overview
2. Impact of COVID-19
3. Global Market Analysis
3.1 Global Automotive Connector Market by Value
3.2 Global Automotive Connector Market Forecast by Value
3.3 Global Automotive Connector Market by Application
3.3.1 Global General Automotive Connector Market by Value
3.3.2 Global General Automotive Connector Market Forecast by Value
3.3.3 Global Car Glazing Connector Market by Value
3.3.4 Global Car Glazing Connector Market Forecast by Value
3.3.5 Global Electric Vehicle Connector Market by Value
3.3.6 Global Electric Vehicle Connector Market Forecast by Value
3.3.7 Global Electric Power Assisted Steering Connector Market by Value
3.3.8 Global Electric Power Assisted Steering Connector Market Forecast by Value
3.4 Global Automotive Connector Market by Vehicle Type
3.4.1 Global Passenger Vehicles Connector Market by Value
3.4.2 Global Passenger Vehicles Connector Market Forecast by Value
3.4.3 Global Commercial Vehicles Connector Market by Value
3.4.4 Global Commercial Vehicles Connector Market Forecast by Value
3.5 Global Automotive Connector Market by Region
4. Regional Market Analysis
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Accelerating Sales of Autonomous Cars
5.1.2 Growing Digital Ad Spending in Automotive Industry
5.1.3 Upsurge in Millennial Population
5.1.4 Rising Developments in Europe Connector Market
5.1.5 Surging Urbanization
5.1.6 Increase in Safety Concerns among Consumers
5.2 Key Trends and Developments
5.2.1 Rising Demand for In-car Entertainment
5.2.2 Growing Demand for Electric Vehicles
5.2.3 Growth in Car Glass Market
5.3 Challenges
5.3.1 Reliability Concerns in Automotive Connectors
6. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/28w43w
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