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(Transportation-News.com, August 22, 2018 ) Industry Trend Analysis
The market is primarily driven by advanced safety features in vehicles, increasing number of autonomous vehicles and increasing number of electronic components across the globe. In addition, increasing disposable income and rising adoption of electric vehicles in emerging economics will boost the growth of the automotive connectors market in the upcoming years. The increasing incidence of road accidents has encouraged the manufacturers to make more investments on automotive safety features and components. For instance, as per National Safety Council, more than 38000 people died due to motor vehicles crashes in US. This statistics has made Government to invest more on road safety. Increasing fuel prices across the globe will also enhance the demand for hybrid and fuel efficient vehicles in the upcoming years. Furthermore, rise in the adoption of autonomous vehicles will fuel the growth of this market. However, increasing labor cost and high pricing can hamper the growth of automotive connectors market. Thus, considering these drivers and restrains, automotive connectors market is expected to exhibit moderate growth over the forecast period.
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Product Type Outlook and Trend Analysis
Connector is an electrochemical element which is necessary for attaching electrical circuits together. Automotive connectors are components that connect the electronics and safety devices in automobiles which will be useful in communication and navigation. The latest automobiles are available with advanced safety features. Moreover, there is a need arising for Ethernet due to faster data transmission rate which will increase the adoption rate of advanced connectors. There has been a rise in fuel price which led to the rise in demand for vehicles which are fuel efficient. There are three form factors of automotive connectors, namely, board to board connectors, wire to board connectors and wire to wire connectors. In board to board connectors two circuit boards are connected. On the other hand, in wire to board connectors, components are connected to circuit boards. In case of wire to wire connectors, two wire terminated cables are joined together. The new automotive wirings for electronics are light weighted, low cost and less complex as compared to conventional wiring. In conventional wiring, copper was used which led to increase in the weight of the automobile. The new wiring includes optical fiber which is lightweight and has high bandwidth making it superior to conventional wiring.
Regional Outlook and Trend Analysis
North America held a significant share of the Automotive Connectors Market in 2014 due to the increasing awareness of the people towards to road accidents and increase in disposable income especially among middle income group. The Asia-Pacific market has not experienced any substantial growth due to high pricing and low Government initiatives towards road safety but can experience favorable growth in coming years owing to increasing in disposable income in the region.
Competitive Outlook and Trend Analysis
The key players operating in the global automotive connectors market emphasize on product development in order to introduce more technologically advanced automotive connectors to capture a larger share of the market. Some of the major players in this market are, Delphi Automotive PLC, Amphenol, TE Connectivity Corporation, Yazaki Corporation, Sumitomo Electric, Japan Aviation Electronics Industry, Korea Electric Terminal and Rosenberger.
Market Opportunities
The key opportunity for the players operating in automotive connectors market lies in the development of various types of technologically advanced and cost effective automotive connectors. Apart from that, increasing promotional and marketing activities of manufacturers coupled with increasing disposable income of people will drive the global automotive connectors market. Moreover, governments’ initiatives towards creating awareness among people related to road safety and increasing disposable income of the people will also boost the market to a large extent in the upcoming years.
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Automotive Connectors Market Segmentation:
By Connection Type
Board to Board Connection
Wire to Board Connection
Wire to Wire Connection
By System Type
Unsealed Connector System
Sealed Connector System
By Vehicle Type
Electric Vehicles
Commercial Vehicle
Passenger Car
By Application
Infotainment
Body Control and Interiors
Engine Control and Cooling System
Safety and Security
Fuel and Emission Control
Others
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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