Market Size of Automotive Terminal Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 10.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Terminal Market Analysis
The Automotive Terminal Market is anticipated to register a CAGR of about 10%, during the forecast period (2020 - 2025).
- The major factors that will drive the market growth during the forecast period are the increasing number of automobile production and sales along with an increased number of electrical systems in them and the government mandates for automotive safety systems.
- The automobiles sales are expected to come back to the growth track after a dip in the year 2019. The year 2020 is expected to be transitional for the automotive industry but the sales numbers are likely to go down further due to the COVID-19 outbreak. However, post-2020, it is expected that automobile sales will grow with a CAGR of around 8 % during the forecast period.
- The introduction of various electrical systems in various vehicle applications such as infotainment, lighting system, battery system, security system, etc., will drive the growth of the market.
Automotive Terminal Industry Segmentation
The Automotive Terminal Market covers the latest trends and technological developments, as well as provides an analysis of the market demand on various segments like application type and vehicle type. Regional and country-level analysis, as well as the market share of major automotive terminal suppliers across the globe, will be covered in the scope of the report.
| Application | |
| Infotainment System | |
| Light System | |
| Battery System | |
| Others |
| Vehicle Type | |
| Passenger | |
| Commercial |
| Geography | |||||||
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Automotive Terminal Market Size Summary
The Automotive Terminal Market is poised for significant growth, driven by the increasing production and sales of automobiles, alongside the rising integration of electrical systems within vehicles. This growth is further bolstered by government mandates for enhanced automotive safety systems. As the automotive industry recovers from the impacts of the COVID-19 pandemic, the demand for vehicles is expected to rise, fueled by the growing adoption of electric vehicles and advanced electrical features such as infotainment, lighting, and security systems. The trend towards greater vehicle electrification has made vehicle electronics a crucial differentiator for automakers, particularly in developing regions where regulatory bodies and consumer interest are pushing for advanced safety features.
The Asia-Pacific region, home to a significant portion of the world's population and rapidly developing economies like China and India, is anticipated to be a major driver of market growth. The region's focus on mandating new active and passive safety features in vehicles is expected to further propel the demand for automotive terminals. The market is characterized by its fragmentation, with key players such as TE Connectivity, Lear, Delphi, and Molex investing heavily in research and development to innovate and expand their product offerings. Strategic acquisitions, like TE Connectivity's takeover of First Sensor AG, aim to enhance product portfolios and increase market share by providing a broader range of innovative sensors, connectors, and systems.
Automotive Terminal 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 Porters Five Forces 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 Application
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2.1.1 Infotainment System
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2.1.2 Light System
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2.1.3 Battery System
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2.1.4 Others
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2.2 Vehicle Type
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2.2.1 Passenger
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2.2.2 Commercial
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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 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 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 Rest of the World
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2.3.4.1 Brazil
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2.3.4.2 United Arab Emirates
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2.3.4.3 Other Countries
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Automotive Terminal Market Size FAQs
What is the current Automotive Terminal Market size?
The Automotive Terminal Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Automotive Terminal Market?
TE Connectivity, Lear , Delphi , Molex and PKC group are the major companies operating in the Automotive Terminal Market.
