Global Automotive Connectors Market 2018-2022| Growth Forecast and Analysis| Technavio
LONDON--(BUSINESS WIRE)--Oct 3, 2018-- analysts forecast the global automotive connectors market to grow at a CAGR of over 8% during the forecast period, according to their latest market research report. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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Technavio has published a new market research report on the global automotive connectors market for the period 2018-2022 (Graphic: Business Wire)
Development of combined connector technology is one of the major trends being witnessed in the . The automotive connectors market is witnessing the development of the connectors used for automotive applications as electronic systems are evolving to become safer and more reliable. As a result, connectors are adopting durable materials and integrated designs. The press-fit technology continues to dominate the automotive connectors market, which is adopted in complex automotive systems that require solderless connectors attachment to printed circuit boards.
According to Technavio analysts, one of the key factors contributing to the growth of the global automotive connectors market is the growing electronic contents in modern vehicles:
Global automotive connectors market: Growing electronic contents in modern vehicles
Over the last few decades, the automotive industry has witnessed the high adoption of electronics solutions owing to the electrification of mechanical components. Power seats, power door locks and trunk latches, power windows, power sunroofs, and automatic climate controls that were once operated through simple mechanical controls are now operated with electronic connections. This electrification has paved the way for the adoption of advanced assistance systems in the vehicles for optimization. Hence, electronic manufacturers have seen a rise in the demand for high-speed wiring, connectors, and other electronic technologies to enable telematics and infotainment systems in modern vehicles.
According to a senior analyst at Technavio for research on automotive electronics, “The rising number of electronic applications in vehicles is also pushing developments in new components to simplify engineering and meet the demand of a connected car. Technologies like copper connectivity solutions are gaining prominence owing to lower weight and more in-vehicle connectivity options. Hence, leveraging technology from other industries like consumer electronics is allowing the OEMs to adopt advanced technologies in automotive applications. This cross-technology concept benefits the automotive industry.”
Global automotive connectors market: Segmentation analysis
The global automotive connectors market research report provides market segmentation by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
APAC led the market in 2017 with a market share of nearly 36%. This region is expected to dominate the market through 2022, with an increase in its market share by nearly 4%.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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