According to IMARC Group’s latest report, titled “Automotive Connectors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, Offers a comprehensive analysis of the industry, which comprises insights on Global Automotive Connectors Market Share.
Automotive Connector Market Overview:
The global market reached a value of US$ 12.1 Billion in 2021. 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. Automotive connectors represent electrochemical elements that are used for attaching various electrical circuits. They join electric terminals to form a complete circuit and ensure effective communication as well as navigation between the electronics and safety devices of automobiles. Automotive connectors are generally designed to withstand low and high temperatures, dirt, wear and tear, etc. In line with this, they also integrate numerous advanced safety and security features, such as anti-theft alarms, adaptive cruise control, keyless entry, auto emergency braking systems, etc., in vehicles and assure that components receive correct power distribution.
Download a free sample report to get a detailed overview of the report: https://www.imarcgroup.com/automotive-connectors-market/requestsample
Automotive Connector Market Trends:
The escalating demand for connectivity and convenience in passenger and commercial vehicles is primarily driving the automotive connectors market. Additionally, the growing consumer awareness towards eco-friendly mobility and the inflating popularity of adaptive front lighting, cruise control, park assistance, departure warning systems, etc., are further catalyzing the market growth. Besides this, the widespread adoption of advanced automotive solutions that use memory and data storage connectors to support Wi-Fi networks in automated vehicles is acting as another significant growth-inducing factor. Moreover, the leading manufacturers are replacing copper cables with plastic optical fiber (POF) to improve data transmission and design flexibility, which is positively influencing the global market. Apart from this, the rising utilization of machine learning (ML) in self-driving automobiles is anticipated to fuel the automotive connectors market over the forecasted period.
Checkout Now: https://www.imarcgroup.com/checkout?id=2073&method=1
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.
Report Features
Details
Base Year of the Analysis
2021
Historical Period
2016-2021
Forecast Period
2022-2027
Units
US$ Billion
Segment Coverage
Connection Type, Connector Type, System Type, Vehicle Type, Application, Region
Global Automotive Connector Market Can Be Segmented as:-
Competitive Landscape with Key Players:
Breakup by Connection Type:
Breakup by Connector Type:
Breakup by System Type:
Breakup by Vehicle Type:
Breakup by Application:
Breakup by Region:
Ask Analyst for 10% free customized report: https://www.imarcgroup.com/automotive-connectors-market
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
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.
Sources:
Saudi Arabia Led Lights Market
South Africa Asphalt Market
Frozen Fruits and Vegetables Market
Vehicle Recycling Market
India Digital Ooh Advertising Market
Retort Pouches Market
Bio Polyamide Market
Water Treatment Chemicals Market
Saudi Arabia Health Insurance Market
Underground Mining Equipment Market
About Us
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.
Media ContactCompany Name: IMARC GroupContact Person: Elena AndersonEmail: Send EmailPhone: +1-631-791-1145Address:30 N Gould St Ste R City: SheridanState: WYCountry: United StatesWebsite: https://www.imarcgroup.com