SHERIDAN, WY, USA, Aug. 2, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Automotive Connectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022 -2027”, the global market reached a value of US$12.1 billion in 2021. Automotive connectors refer to the electromechanical components used to complete the internal and external circuitry of an automobile to ensure supply continuous electricity. Integrated circuits (IC), printed circuit boards (PCB), radio frequency (RF) and fiber optic connectors are commonly used automotive connectors. They are widely used in internal wiring harnesses, safety and security, cooling, engine controls, power distribution, navigation and infotainment systems. Automotive connectors ensure the safety, reliability and connectivity of all critical automotive components and circuitry under harsh conditions, such as high temperatures, vibration, dust and humidity.
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Automotive Connectors Market Trends:
The global market is mainly driven by the significant growth of the electric vehicle (EV) industry. Automotive connectors are widely used in electronic components, batteries, sensors, cables, and electric powertrain systems to improve power deliverability and reliability. Additionally, the growing demand for advanced security features in automobiles such as anti-theft locking, automatic braking, parking sensors and adaptive cruise control is acting as another growth driver. Additionally, the introduction of mechatronic connectors that offer a unified and multi-functional connector solution in a single package by integrating multiple contact geometries is giving impetus to the growth of the market. Other factors, including the growing demand for plastic optical fibers (POF) over copper cables to improve data transmission and design flexibility and the implementation of strict vehicle safety policies by governments, are expected to drive the market to growth. Looking ahead, IMARC Group expects the market to reach US$16.7 billion by 2027 growing at a CAGR of 5.94% during the period 2022-2027.
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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
The global automotive connector market can be segmented as follows:
Competitive landscape with key players:
Formerly Delphi Automotive PLC
Sumitomo Electric Industries Ltd.
Japan Aviation Electronics
Hirose Electric Co.Ltd.
Korea Electric Terminal Co.Ltd.
Hu Lane Associate Inc
Breakdown by type of connection:
Breakdown by type of connector:
Fiber optic connectors
Breakdown by type of system:
Sealed connector system
Unsealed connector system
Breakdown by type of vehicle:
Light commercial vehicles
Heavy duty vehicles
Breakdown by application:
Body and interior inspection
Safety and security system
Engine control and cooling system
Fuel and emissions control
Navigation and instrumentation
Breakdown by region:
Middle East and Africa
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Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market drivers and success factors
Impact of COVID-19
Value chain analysis
Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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