Market Size of Automotive and Transportation Connector Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Automotive & Transportation Connector Market Analysis
The automotive and transportation connector market is expected to grow at a CAGR of over 4% during the forecasted period (2020 - 2025)
- This market is majorly driven by growing electronics content in automotive like infotainment and safety systems and rising disposable incomes in emerging and developed countries. Nowadays, vehicles are equipped with heavy electronic components to control critical systems including airbags, GPS navigation etc. With rapidly increasing technology, the usage of electronic components in automobiles is also increasing. Growing demand for automotive safety requires sophisticated automotive sensors which are anticipated to increase demand for automotive connectors.
- The percentage share of electronics is increasing as a share of vehicle components. Growing demand for electronics is expected to escalate the demand for automotive connectors. Most of the electrical connections in a car are made of copper cables. Recently, manufacturers have started to replace copper cables with plastic optical fiber (POF) to increase data transmission, reduce vehicle weight, and increase design flexibility. Rising demand for POF in the automotive industry is projected to rise the demand for automotive connectors. A major opportunity in automotive connectors is the increasing acceptance of hybrid and electric vehicles across the world. Major automotive manufacturers intend to produce increasing number of electric vehicles.
Automotive & Transportation Connector Industry Segmentation
The automotive and transportation connector market report contains the latest trends and technological developments in the market, demand by Product Type, Application Type, Geographical analysis, and share of major players across the globe
Product Type | |
Wire to board connector | |
Board to board connector | |
Wire to wire connector |
Application Type | |
Safety & Security | |
Body Wiring & Power Distribution | |
CCE | |
Powertrain | |
Others |
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Automotive and Transportation Connector Market Size Summary
The automotive and transportation connector market is poised for significant growth, driven by the increasing integration of electronic components in vehicles. This trend is fueled by the rising demand for advanced infotainment and safety systems, as well as the growing adoption of hybrid and electric vehicles worldwide. As vehicles become more electrified, the need for sophisticated connectors to support these technologies is escalating. The shift from traditional copper cables to plastic optical fiber (POF) is also contributing to this demand, as POF offers benefits like enhanced data transmission and reduced vehicle weight. The market is further bolstered by regulatory changes promoting the adoption of electric vehicles, which amplifies the need for reliable and efficient connectors.
In Germany, a leading player in the automotive industry, the demand for connectors is expected to rise, supported by the country's strong export value and technological advancements. The market is characterized by fragmentation, with major companies such as TE Connectivity, Amphenol Corporation, and Yazaki Corporation playing pivotal roles. These manufacturers are focusing on developing cost-effective and durable connector solutions to meet the demands of a rapidly evolving automotive landscape. As consumer confidence grows and technology advances, the automotive and transportation connector market is anticipated to experience robust growth, driven by the need for innovative solutions that support the future of mobility.
Automotive and Transportation Connector Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Wire to board connector
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2.1.2 Board to board connector
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2.1.3 Wire to wire connector
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2.2 Application Type
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2.2.1 Safety & Security
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2.2.2 Body Wiring & Power Distribution
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2.2.3 CCE
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2.2.4 Powertrain
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2.2.5 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest Of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Rest Of Latin America
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2.3.5 Middle East & Africa
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2.3.5.1 South Africa
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2.3.5.2 United Arab Emirates
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2.3.5.3 Others
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Automotive and Transportation Connector Market Size FAQs
What is the current Automotive and Transportation Connector Market size?
The Automotive and Transportation Connector Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Automotive and Transportation Connector Market?
Yazaki Corporation, Amphenol Corporation, TE Connectivity, Delphi Technologies and Sumitomo Corporation are the major companies operating in the Automotive and Transportation Connector Market.