Automotive Terminal Industry Overview
The Automotive Terminal market is highly fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the automotive terminal market are TE Connectivity, Lear, Delphi, and Molex. Companies are investing heavily in research and development for the innovation of new and advanced products.
In March 2020, TE Connectivity completed its public takeover of First Sensor AG, with TE holding 71.87% shares of First Sensor. The acquisition will combine First Sensor's and TE's portfolios, allowing TE to provide a broader range of products, including innovative sensors, connectors, and systems that support its own growth strategy. They will be able to serve a wider customer base and increase the market share significantly.
In September 2018, TE introduced new terminal design which reduces the insertion force required by workers during installation and assembly of vehicles. As, modern automotive ECUs requires more than 300 electrical connections. Populating these connectors manually requires a good deal of force and physical effort from assembly line workers. Over time, this could lead to repetitive strain injury and loss of working time.
Automotive Terminal Market Leaders
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TE Connectivity
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Lear
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Delphi
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Molex
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PKC group
- *Disclaimer: Major Players sorted in no particular order
