Enjoy complimentary customisation on priority with our Enterprise License!
The automotive and transportation connector market share is expected to increase by USD 3.37 billion from 2021 to 2026, at a CAGR of 5.58%.
This automotive and transportation connector market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive and transportation connector market segmentations by application (comfort, convenience, and entertainment, safety and security, body wiring, powertrain, and navigation and instrumentation) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The automotive and transportation connector market report also offers information on several market vendors, including Amphenol Corp., Aptiv Plc, AVIC Jonhon Optronic Technology Co. Ltd, BorgWarner Inc., Eaton Corp. Plc, Furukawa Electric Co. Ltd., HIROSE ELECTRIC Co. Ltd., Hu Lane Associate Inc., J.S.T. Mfg. Co. Ltd., Japan Aviation Electronics Industry Ltd., Koch Industries Inc., Korea Electric Terminal Co. Ltd., KYOCERA AVX Components Corp., Lear Corp., Leoni AG, Lumberg Holding GmbH and Co. KG, Luxshare Precision Industry Co. Ltd., Rosenberger Hochfrequenztechnik GmbH & Co. KG, Samtec Inc., Sumitomo Corp., TE Connectivity Ltd., and Yazaki Corp. among others.
Download the Free Report Sample to Unlock the Automotive and Transportation Connector Market Size for the Forecast Period and Other Important Statistics
The rising demand in Europe is notably driving the automotive and transportation connector market growth, although factors such as lack of durability may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive and transportation connector industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive and Transportation Connector Market Driver
One of the key factors driving the global automotive and transportation connector industry growth is the rising demand in Europe. This is because the region ranks top in implementing safety features in vehicles, while North America and APAC follow the vehicle safety footprints of Europe. Furthermore, the bourgeoning demand for electrification of vehicles and supportive government measures will further boost the growth. For instance, the government of Germany allocated USD 4.3 million for reviving the automotive industry that was affected by the COVID-19 pandemic in 2020. Furthermore, active developments to meet growing consumer demand, especially from manufacturers of the EV industry, are focusing on developing innovative solutions. For instance, in December 2020, TI Fluid Systems announced that it would provide thermal coolant fluid-carrying loops for a range of vehicles across brands such as Hyundai, Kia, and Genesis. Thus, such factors will boost the demand for automotive and transportation connectors during the forecast period.
Key Automotive and Transportation Connector Market Trend
Increasing electronic components in automobiles is one of the key automotive and transportation connector market trends that is expected to impact the industry positively in the forecast period. Safety and security systems, such as advanced driver assistance systems (ADAS), lane departure warning, anti-theft alarm system, adaptive cruise control, braking systems, autonomous driving systems, and keyless entry, help in avoiding fatal road accidents and also offer vehicle security. Moreover, growing awareness regarding eco-friendly mobility has surged the sales of EVs, which is further driving the demand for automotive and transportation connectors. Furthermore, various government regulations also play an important role in driving the market growth. For example, Norway has set 2025 as the target year for a ban on ICE vehicles, whereas China has announced a ban by 2030. This amplifies the scope of vehicle electrification, thereby supporting the market growth during the forecast period.
Key Automotive and Transportation Connector Market Challenge
One of the key challenges to the global automotive and transportation connector industry growth is the lack of durability. Automotive and transportation connectors are used in increasingly harsh environments, which include temperature (-40 degree C to 155 degrees C), vibration, oxidation, and frictional corrosion. If the connection of key auto parts fails, it will cause malfunctioning or failure of any components or safety system such as fire, brakes, or airbags, which further result in serious consequences. Moreover, according to the application conditions specified by the car manufacturers, to evaluate the stability of the connectors, the manufacturers have implemented a detailed test procedure. Such factors are expected to hamper the growth of the market in focus during the forecast period.
This automotive and transportation connector market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automotive and transportation connector market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive and transportation connector market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive and transportation connector market encompasses successful business strategies deployed by the key vendors. The automotive and transportation connector market is fragmented and the vendors are deploying growth strategies such as partnerships and innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive and transportation connector market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive and transportation connector market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.