Automotive Connectors Market, in terms of value, is projected to grow at a CAGR of 7.46% from 2016 to 2021. The market was estimated to be USD 4.38 Billion in 2016, and is projected to reach USD 6.28 Billion by 2021. In this study, 2015 has been considered the base year, and 2016 to 2021 the forecast period, for estimating the market size of the market.
The report analyzes and forecasts (2016 to 2021) the market size, in terms of volume (million units) and value (USD million), of the automotive connectors market. The report further segments the market and forecasts its size, by volume and value, on the basis of region (Asia-Pacific, Europe, North America, and Rest of the World (RoW). It provides a detailed analysis of various forces acting in the market including the drivers, restraints, opportunities, and challenges. It also segments the market and forecasts its size, by volume and value, on the basis of Connection Type (Wire to Wire Connection, Wire to Board Connection, and Board to Board Connection).
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The research methodology used in the report involves various secondary sources such as Society of Indian Automobile Manufacturers (SIAM), China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive connectors market. The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, has been derived by identifying the country-wise production volumes and analyzing the demand trends.
The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.
Target Audience in Automotive Connectors Market
- Connectors Manufacturers
- Automobile Original Equipment Manufacturers (OEMs)
- Automobile Organizations/Associations
- Connectors Suppliers
- Research Institutes
- Raw Material Suppliers for Connectors
- Traders and Distributors of Connectors
- Automotive Wires and Cables Manufacturers
Safety and security application to hold the largest share in the automotive connectors market, by application
The safety and security application is estimated to account for the largest share in the automotive connectors market, by value. Connectors used in these advanced safety systems may include connectors used in anti-skid braking system (ABS), airbags, vehicle immobilizers and others. Due to the increase in vehicle thefts, there is a huge opportunity for the growth of safety systems used in the automotive industry, leading to an increase in the number of connectors used in safety applications for a vehicle.
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Sealed Connector System is expected to grow due to increasing number of heavy duty applications
Sealed connector system is estimated to hold the largest share, in terms of value, for the automotive connectors market, by connector system. Though the number of unsealed connectors is higher as compared to sealed connectors, sealed connectors tend to be costlier than their counterpart. Besides, sealed connector system is ideal for harsh environment and heavy duty applications. The rise in number of off-roading applications and commercial vehicles shall lead to the growth of the sealed connector system market.
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