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SHERIDAN, WY, UNITED STATES, August 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 electromechanical components used for completing internal and external circuits in an automobile to ensure the continuous supply of electricity. Integrated circuits (IC), printed circuit boards (PCB), radio frequency (RF), and fiber optic connectors are some 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 components in automobiles and circuits during harsh conditions, such as high temperatures, vibrations, dust, and moisture.
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The global market is primarily being driven by significant growth in 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. Furthermore, the rising demand for advanced safety features in automobiles, such as anti-theft locking, automatic braking, parking sensors, and adaptive cruise control, is acting as another growth-inducing factor. Additionally, the introduction of mechatronic connectors that offer a unified, multifunctional connector solution in a single package by integrating multiple contact geometries is providing an impetus to market growth. Other factors, including increasing 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 anticipated to drive the market toward growth. Looking forward, IMARC Group expects the market to reach US$ 16.7 Billion by 2027, exhibiting at a CAGR of 5.94% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Automotive Connector Market Can Be Segmented as:
Competitive Landscape with Key Players:
TE Connectivity Aptiv Formerly Delphi Automotive PLC Yazaki Corporation Molex Incorporated Sumitomo Electric Industries Ltd. Amphenol Corporation Japan Aviation Electronics Luxshare Precision JST Manufacturing Hirose Electric Co. Ltd. Korea Electric Terminal Co. Ltd. AVX Corporation Kyocera Corporation Rosenberger Hu Lane Associate Inc Samtec Lumberg Holding
Wire to Wire Connection Wire to Board Connection Board to Board Connection
PCB Connectors IC Connectors RF Connectors Fiber Optic Connectors Others
Sealed Connector System Unsealed Connector System
Passenger Cars Commercial Vehicles Light Commercial Vehicles Heavy Commercial Vehicles Electric Vehicles
Body Control and Interiors Safety and Security System Engine Control and Cooling System Fuel and Emission Control Infotainment Navigation & Instrumentation Others
Asia Pacific North America Europe Middle East and Africa Latin America
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Key highlights of the report:
Market Performance (2016-2021) Market Outlook (2022-2027) Market Trends Market Drivers and Success Factors Impact of COVID-19 Value Chain Analysis Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Elena Anderson IMARC Services Private Limited + 16317911145 email us here
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