Automotive Connectors Market Growth Potential & Forecast, 2032

The automotive connectors market is predicted to observe over 7% CAGR during 2023 and 2032. The electric vehicle revolution is reshaping the automotive landscape, and automotive connectors play a pivotal role in enabling the seamless transfer of power and data within these sophisticated vehicles. As per the IEA, in 2022, electric car sales exceeded 10 million which has tripled from 4% in 2020 to 14% in 2022.

Furthermore, the increasing demand for advanced connectivity solutions, such as infotainment systems and telematics, is bolstering the need for high-performance automotive connectors. As automakers race to meet consumer expectations for smarter, more connected vehicles, the market will record sustained growth.

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The overall automotive connectors market is classified based on connection type, system type, vehicle type, propulsion, application, and region.

The board-to-board segment is expected to witness substantial growth through 2032 as it ensures seamless integration in modern vehicles. This type of connector facilitates the interconnection of electronic components on a circuit board, enabling efficient communication and data exchange. As vehicles become more technologically advanced, the board-to-board connection will gain traction due to the increasing complexity of electronic systems within automobiles.

The passenger vehicle type segment is anticipated to record a strong CAGR from 2023 to 2032 owing to the focus on ensuring safety & comfort and provide advanced connectivity features in their vehicles. Automotive connectors ensure a seamless and reliable connection between various systems. With the growing adoption of electric and hybrid passenger vehicles, the demand for high-performance connectors is expected to escalate further in the coming years.

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North America automotive connectors market will grow significantly through 2032. The region's automotive industry is characterized by a strong focus on technological advancements, particularly in electric and autonomous vehicles. As automakers in North America strive to enhance vehicle performance and connectivity along with rising incorporation of new features, the regional market will display lucrative opportunities for the players.

Partial chapters of report table of contents (TOC):

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2   Executive Summary

2.1    Automotive connectors market 360ยบ synopsis, 2018 - 2032

2.2    Business trends

2.3    Connection type trends

2.4    System type trends

2.5    Application trends

2.6    Vehicle type trends

2.7    Propulsion trends

Chapter 3   Automotive Connectors Industry Insights

3.1    Impact of COVID-19

3.2    Industry ecosystem analysis

3.3    Vendor matrix

3.4    Profit margin analysis

3.5    Technology & innovation landscape

3.6    Patent analysis

3.7    Key news and initiatives

3.7.1    Partnership/Collaboration

3.7.2    Merger/Acquisition

3.7.3    Investment

3.7.4    Level of autonomy launch & innovation

3.8    Regulatory landscape

3.9    Impact forces

3.9.1    Growth drivers

3.9.1.1   Rise in vehicle electrification

3.9.1.2   Evolution of automotive technologies

3.9.1.3   Increasing focus on safety and reliability

3.9.1.4   Shift towards connected and autonomous vehicles

3.9.2    Industry pitfalls & challenges

3.9.2.1   Rapid technological advancements

3.9.2.2   Increasing complexity of vehicle electronics

3.10    Growth potential analysis

3.11    Porter’s analysis

3.12    PESTEL analysis

About Global Market Insights:

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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