Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Automotive Terminal Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The automotive terminal market has witnessed a significant uptick in its global footprint, registering a market value of $17.21 billion in 2023. Projections within the report anticipate a surge to $19.09 billion in 2024, with a robust compound annual growth rate (CAGR) of 10.9%. The significance of automotive terminals in ensuring reliable electrical systems in vehicles, coupled with the global rise in automobile production, are instrumental factors driving this market's exceptional growth trajectory.
In a recent comprehensive report added to a leading industry research website, an extensive analysis of the global automotive terminal market reveals promising growth trends and market dynamics. This insightful publication denotes the current market scenario along with future industry projections, informing stakeholders about significant opportunities and competitive landscapes.
Key Highlights from the Report:
- Detailed segmentation covering types of automotive terminals based on current ratings such as below 40 amperes, 41-100 amperes, and above 100 amperes.
- Examination of automotive terminal applications across diverse vehicular systems including safety, infotainment, and emissions control.
- Insightful commentary on technological innovations and product advancements shaping market dynamics.
- Crucial analysis of major industry players and strategic moves influencing the competitive landscape.
The report reflects on the crucial impact of increasing vehicle production and the rising popularity of electric vehicles (EVs) as pivotal drivers propelling the automotive terminal market. With the global demand for EVs reaching new heights, the requirement for efficient automotive terminals is ascending rapidly.
Regional and Country-Level Insights
Asia-Pacific emerged as the powerhouse in the automotive terminal market in 2023, with extensive market analysis provided for the region. North America is also highlighted as an equally significant region, poised to witness expeditious growth in the forthcoming period. The report encompasses detailed country-specific insights, offering accurate market valuations and growth patterns.
Technological Innovations: Fostering Market Growth
Innovative product launches, such as state-of-the-art hybrid inline connectors, continue to play an integral role in the advancement and refinement of the automotive terminal market. The recent acquisition of a leading manufacturer by a global connectivity major, as cited within the report, is a testament to the burgeoning strategic realignments and expansions that are set to redefine the market landscape.
The Importance of Automotive Terminals in the Evolving Automotive Landscape
Automotive terminals are the linchpins of the vehicular electrical ecosystem, ensuring the seamless operation of various functionalities, from lighting systems to advanced safety mechanisms. This report delineates how advancements in the sector, coupled with surging global demand, are laying the groundwork for an increasingly sophisticated automotive terminal market.
Industry stakeholders, market analysts, and other interested parties will find this report to be a repository of valuable insights and forecasts. It presents not just historical data but also quantitative predictions that strategists and decision-makers can rely upon to steer their operations in alignment with market trends.
A selection of companies mentioned in this report includes
- Delphi plc
- TE Connectivity Ltd.
- Pohjolan Kaapeli Oy
- Furukawa Electric Co. Ltd.
- Canadian Automobile Association
- Tyco Electronics Ltd.
- Lear Corp.
- Molex LLC
- Viney Corporation
- Grote industries Inc.
- Keats Groups Ltd.
- Sumitomo Electric Industries Ltd.
- Yazaki Corporation
- Amphenol Corporation
- Aptiv PLC
- JST Mfg. Co. Ltd.
- Kyocera Corporation
- Leoni AG
- Rosenberger Hochfrequenztechnik GmbH & Co. KG
- Samtec Inc.
- Schlemmer Group
- Sumitomo Wiring Systems Ltd.
- 3M Company
- Amphenol Aerospace Corp.
- Amphenol Industrial Operations Corp.
- Anderson Power Products
- Deutsche Telekom
- Esterline Technologies Corp.
- Glenair Inc.
- Harwin plc
For more information about this report visit https://www.researchandmarkets.com/r/rerulm
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