Automotive Connectors Market Expected to High Growth over the Forecast to 2030 By Top Player: TE Connectivity, Yazaki, Delphi, Amphenol, Molex, Sumitomo, JAE

The global automotive connectors market is expected to reach USD 17 billion by 2030, with a CAGR of 8.5% from 2022 to 2030. The growth of the market is driven by the increasing demand for electric vehicles and advanced security features in vehicles. Asia Pacific leads the market with a 36% share, followed by Europe and North America with significant market presence. Key players in the market include E Connectivity, Delphi Automotive, Yazaki Corporation, Sumitomo Electric, and others. The market is expected to grow further with increasing investments by market players in product capabilities and business expansion, particularly in emerging economies like China and India.

The global automotive connectors market is estimated to be worth USD 17 Billion by 2030, registering an 8.5% CAGR during the forecast period (2022- 2030).

Automotive Connectors are electrochemical elements applied for connecting many electrical circuits. They are applied to join the electric terminals and make a complete circuit to form the effectiveness of communication and navigation between the devices and the automobile's electronics.

Automotive Connectors are generally made of plugs and sockets that are placed in the vehicle. These connectors offer enhanced safety and many security features like adaptive cruise control, anti-theft, keyless entry and braking system, and other features. Automotive Connectors play a massive role in delivering good power to many components. Additionally, these connectors are formed so that they can sustain high/low temperatures, dirt, and water.

The surging demand for electric vehicles (EVs) and the boosting adoption of advanced security features in automobiles are the primary drivers driving the market’s growth. Furthermore, as automobile sensors and infotainment systems get more sophisticated, demand for automotive wire harnesses and connectors has grown around the world.

A plastic optical fiber (POF) is replacing copper connections in automobiles to surge data transfer and design flexibility while also reducing overall vehicle weight. Automotive connectors are needed for POF to function properly. Connectors play an eloquent role in offering proper power distribution to electronic components. These factors are rearing the demand for the automotive connectors market during the forecast period.

The Global Automotive Connectors Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Asia Pacific led the global market with a share of 36.0%. Asian nations such as China, Taiwan, and Japan are leading manufacturers of electronic components for both passenger cars as well as commercial vehicles.

Europe is the second largest market, pushed by the surging inclusion of advanced driver assistant systems (ADAS) in commercial vehicles. The European Union has made the admittance of ADAS features such as lane departure warning signals and autonomous braking mandatory in heavy commercial vehicles.

North America is a significant market for vehicle electrification. The region is esteemed for a share of more than 25.0%. North America is also flaunting significant growth in the Market of Automotive Connectors due to economic development and prominent market key players.

The Global Automotive Connectors Market’s prominent key players are E Connectivity (Switzerland), Delphi Automotive (UK), Yazaki Corporation (Japan), Sumitomo Electric (Japan), Japan Aviation Electronics Industry (Japan), Amphenol Corporation (US), Hirose Electric Co. Ltd (Japan), Hu Lane Associates Inc. (Taiwan), Korea Electric Terminal Co. Ltd (South Korea) and Kyocera Corporation (Japan).

The growing number of Automotive Connectors Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.