Global Automotive Connector Market Report 2022-2026 Featuring Sumitomo Electric Industries, Aptiv, TE Connectivity, Amphenol, Japan Aviation Electronics Industry, & Hirose Electric
DUBLIN, Aug. 3, 2022 /PRNewswire/ -- The "Global Automotive Connector Market (By Application, Vehicle Type and Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering.
The global automotive connector market recorded a value of US$92.21 billion, growing at a CAGR of 12.70%, for the time period of 2022-2026.
Factors such as accelerating sales of autonomous cars, growing digital ad spending in the automotive industry, upsurge in the millennial population, rising developments in the European connector market, surging urbanization and an increase in safety concerns among consumers would drive the growth of the market.
However, the market growth would be challenged by reliability concerns in automotive connectors. A few notable trends may include rising demand for in-car entertainment, growing demand for electric vehicles and growth in the car glass market.
Based on application, the global market was dominated by the general automotive connectors, owing to the growing sophistication of automotive sensors and infotainment systems. Based on vehicle type, the global market was dominated by passenger cars, due to the various product innovations such as adaptive front lighting, cruise control, park assistance and departure warning systems.
The fastest growing regional market was China, due to the rise in production of advanced vehicles such as autonomous cars and heavy-duty vehicles. Also, owing to the availability of raw materials, advanced manufacturing facilities and low-cost workers, China has become a major exporter of numerous auto components across the world.
The competitive landscape of the market, along with the company profiles of leading players (Sumitomo Electric Industries, Aptiv, TE Connectivity, Amphenol, Japan Aviation Electronics Industry, Ltd., Hirose Electric Group) are also presented in detail.
Key Target Audience
2. Impact of COVID-19
3. Global Market Analysis
4. Regional Market Analysis
5. Market Dynamics
6. Competitive Landscape
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/hv180d
Research and Markets
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SOURCE Research and Markets