AP NEWS

Global Automotive Connectors Market 2018-2022| Growth Forecast and Analysis| Technavio

October 3, 2018

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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181003005840/en/

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.

This report is available at a USD 1,000 discount for a limited time only:

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%.

Looking for more information on this market?

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 Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005840/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE MANUFACTURING AUTOMOTIVE MANUFACTURING ENGINEERING AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 10/03/2018 03:31 PM/DISC: 10/03/2018 03:31 PM

http://www.businesswire.com/news/home/20181003005840/en

AP RADIO
Update hourly