The Global Automotive Connectors Market size is expected to reach $15.2 billion by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,283.6 million units, experiencing a growth of 3.2% (2019-2022).
Many new safety features, like adaptive front illumination, adaptive cruise control, park assistance, and lane departure warning, have been added to vehicles due to technological advancements. Consequently, the safety and security segment captured $3,858.2 million revenue of the market in 2022. Such functions require many sensors, electronic components, and ECUs. The reliable connectivity between these components is established using a variety of connector types. Additionally, machine learning and V2V communication have boosted vehicle safety.
The major strategies followed by the market participants are Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, In December, 2022, Aptiv acquired Intercable Automotive Solutions to strengthen Aptiv’s position in the field of vehicle architecture systems and enhance the capability to design fully optimized high-voltage architecture solutions. Additionally, In April, 2023, Aptiv PLC took over KUM to expand its range of specialized connectors and cable management solutions and enhance its portfolio.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Yazaki Corporation, Aptiv PLC, Sumitomo Electric Industries, Ltd., Molex, LLC (Koch Industries, Inc.), Amphenol Corporation, Korea Electric Terminal Co., Ltd., Kyocera Corporation, Rosenberger Hochfrequenztechnik GmbH, and Japan Aviation Electronics Industry, Ltd.
Many new safety features, like adaptive front illumination, adaptive cruise control, park assistance, and lane departure warning, have been added to vehicles due to technological advancements. Consequently, the safety and security segment captured $3,858.2 million revenue of the market in 2022. Such functions require many sensors, electronic components, and ECUs. The reliable connectivity between these components is established using a variety of connector types. Additionally, machine learning and V2V communication have boosted vehicle safety.
The major strategies followed by the market participants are Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, In December, 2022, Aptiv acquired Intercable Automotive Solutions to strengthen Aptiv’s position in the field of vehicle architecture systems and enhance the capability to design fully optimized high-voltage architecture solutions. Additionally, In April, 2023, Aptiv PLC took over KUM to expand its range of specialized connectors and cable management solutions and enhance its portfolio.
The Cardinal Matrix - Market Competition Analysis
Based on the analysis presented in the The Cardinal Matrix; TE Connectivity Ltd. and Amphenol Corporation are the forerunners in the Market. In July, 2022, TE Connectivity took over Linx Technologies to complement TE’s broad connectivity product offerings, especially in antenna and RF connectors for IoT. Companies such as Kyocera Corporation, Sumitomo Electric Industries, Ltd., Aptiv PLC are some of the key innovators in the Market.
Market Growth Factors
Growing Number of Electric and Hybrid Vehicles
According to the International Energy Agency (IEA), in 2022, 14% of all new automobiles sold were electric, up from less than 5% in 2020 and roughly 9% in 2021. China led the way, representing around 60% of global sales of electric vehicles. China currently accounts for more than half of all-electric vehicles on the road, and the nation has already surpassed its goal for new energy vehicle sales by 2025. Electric and hybrid vehicles require advanced electronic systems to handle power distribution, battery management, and a variety of sensors. These systems require more connectors to ensure effective communication and functioning. Thus, the increased global sales of electric vehicles will support the expansion of the market.Innovations in Connectivity and Autonomous Driving
Self-driving cars, also known as autonomous vehicles, are a significant innovation in the automotive industry with enormous growth potential. They catalyze the technological advancement of automobiles. Recent research commissioned by the Department of Transport indicates that the connected and automated vehicle demand in the United Kingdom could be worth £41.7 billion by 2035. The trend toward connected and autonomous vehicles has also facilitated the development of systems that require seamless communication between multiple vehicle components and external networks. This need for connectivity fuels the need for more connectors in vehicles.Market Restraining Factors
Lack of compatibility and complications in interoperability
Modern vehicles have numerous electronic systems, including infotainment, powertrain control, and safety systems. Each system may require multiple connections for communication and power distribution. Due to this diversity, the wiring harness and connector installation become more difficult. A lack of interoperability can pose safety risks if critical systems cannot communicate effectively or if another misinterprets data from one system. It can be challenging to ensure interoperability between connectors from different manufacturers. The market may be significantly impacted by these issues with complexity and interoperability.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions.
Connectivity Outlook
On the basis of connectivity, the market is fragmented into wire to wire, wire to board, and others. The wire to board segment acquired a substantial revenue share in the market in 2022. A printed circuit board is integrated into the wire-to-board connector to create a circuit by connecting the wires through wire terminals. These are utilized for command transmission from electronic devices to PCB and vice versa.
Product Outlook
Based on product, the market is segmented into PCB, IC, RF, fiber optic, and others. In 2022, the fiber optic segment covered a considerable revenue share in the market. The growing need for high-speed data transmission has paved the way for fiber optic connectors in the automotive sector. Modern vehicles favor these connectors due to their improved data transfer capabilities and electromagnetic interference (EMI) resistance.Application Outlook
Based on application, the market is categorized into comfort, convenience, & entertainment (CCE), powertrain, safety & security, body wiring & power distribution, and navigation & instrumentation. The body wiring and power distribution segment recorded a remarkable revenue share in the market in 2022. Connectors coordinate wiring and cable connections, lowering the possibility of tangled wires and maintaining a neat and organized vehicle interior. Connectors may include voltage regulators and fuses to safeguard sensitive electronic components against voltage fluctuations and power surges. Due to their function in enabling effective electrical connections, facilitating modular design, assuring safety, offering diagnostic capabilities, and simplifying maintenance, automotive connectors are crucial for vehicle body wiring and power distribution.Vehicle Type Outlook
By vehicle type, the market is classified into passenger cars and commercial vehicles. In 2022, the passenger cars segment dominated the market with maximum revenue share. Connectors facilitate communication between safety systems, including airbags, anti-lock braking systems (ABS), electronic stability control (ESC), and collision avoidance systems. These systems rely on exchanging precise and timely data to improve passenger safety. Because of the rising sales of passenger vehicles, this segment's market is expanding.Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. Asian nations, including China, Taiwan, and Japan, are the primary manufacturers of electronic components for both passenger and commercial vehicles. Due to the availability of low-cost labor, improved manufacturing facilities, and convenient access to raw materials, the region is a hub for exporting various types of automotive parts.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TE Connectivity Ltd., Yazaki Corporation, Aptiv PLC, Sumitomo Electric Industries, Ltd., Molex, LLC (Koch Industries, Inc.), Amphenol Corporation, Korea Electric Terminal Co., Ltd., Kyocera Corporation, Rosenberger Hochfrequenztechnik GmbH, and Japan Aviation Electronics Industry, Ltd.
Strategies Deployed in the Market
Partnerships, Collaborations and Agreements:
- May-2022: TE Connectivity joined hands with Phoenix Contact, a global market leader based in Germany, providing future-oriented components, systems, and solutions for electrical controls, networking, and automation. To promote SPE market adoption in the industrial area, the agreement combines innovation from two highly skilled worldwide firms in connectivity. This reflects the industry's and important trade associations' support for the IEC 63171-7 standard. Both companies would work together to find solutions that would enable the widespread adoption of SPE.
Product Launches and Product Expansions:
- Dec-2022: Amphenol RF expanded its range of black-plated connectors with the launch of its new N-type and SMA configurated connectors which are made for low-loss LMR cable types. These connectors are made up of durable materials, which include zinc and cobalt offering corrosive resistance for up to 48 hours from salt spray.
- Oct-2022: Amphenol Communications Solutions released its FLH series of mini-sealed 2.50mm pitch IP67 and IP20 connectors. Amphenol offers a complete toolbox of lighting connector and cable assembly options for indoor, outdoor, and street lighting applications when combined with our NEMA/ANSI C136.41 and Zhaga Book 18 and Book 20 products.
- Oct-2020: Japan Aviation Electronics Industry, Ltd. revealed MX80 Series of Compact Waterproof Automotive In-line Connectors. The new products feature Indicator lights, actuating motor functions, side view mirrors, blind spot monitors, and other uses for vehicles. In order to be used inside or outside of vehicles, they have a tiny form factor and are waterproof.
Acquisitions and Mergers:
- Apr-2023: Aptiv PLC took over KUM, a company engaged in the business of manufacturing highly engineered connectors and providing cable management solutions. This acquisition would help Aptiv PLC to expand its range of specialized connectors and cable management solutions and enhance its portfolio which would further assist its global market position.
- Dec-2022: Aptiv has acquired Intercable Automotive Solutions, a provider of High-Voltage Busbars and Interconnect Solutions. This acquisition would help strengthen Aptiv’s position in the field of vehicle architecture systems and enhance the capability to design fully optimized high-voltage architecture solutions. This all would help in better delivery of technologies to the customers and more footprint expansion.
- Jul-2022: TE Connectivity took over Linx Technologies, a leading RF components supplier in IoT markets. This acquisition would complement TE’s broad connectivity product offerings, especially in antenna and RF connectors for IoT. The acquisition further focused on expanding TE’s supply chain footprint as TE aims to expand its go-to-market capabilities in IoT markets.
- Dec-2021: Molex, a subsidiary of Koch Industries, Inc. acquired the core technology and intellectual property (IP) of Keyssa, a California-based pioneer. In this acquisition, Molex would apply this technology to fulfill emerging application areas in smart factories, automotive advanced safety, medical robotics, and more.
- Aug-2021: TE Connectivity completed the acquisition of ERNI Group AG, a leading firm in electronic connectivity for factory automation & automotive. The acquisition would support TE’s broad connectivity product portfolio, especially in high-speed & fine-pitch connectors for factory automation, medical, automotive as well and other industrial applications.
- Apr-2021: Amphenol Corporation acquired MTS Systems Corporation, a supplier of test systems and industrial position sensors. This acquisition would deliver the company's customers a broadened suite of innovative technologies in various markets. Additionally, this would result in the finding of new opportunities and growth in the electronic segment.
- Feb-2021: Amphenol Corporation completes the acquisition of Positronic, a provider of power and signal connectors. Through this acquisition, the consumers would be able to use a broad D-sub military/aerospace connector suite along with access to the upcoming innovative technologies.
Geographical Expansions:
- Oct-2022: Molex expanded its presence by opening a new factory in Guadalajara. The company's capacity to efficiently and affordably address the most difficult challenges in automotive connection, battery management, vehicle safety, and zonal designs is further improved by the development of a new factory in Guadalajara specifically for transportation customers.
Scope of the Study
By Application (Volume, Million Units, USD Million, 2019-2030)
- Safety & Security
- Powertrain
- Comfort, Convenience, & Entertainment (CCE)
- Body Wiring & Power Distribution
- Navigation & Instrumentation
By Product (Volume, Million Units, USD Million, 2019-2030)
- PCB
- IC
- RF
- Fiber Optic
- Others
By Connectivity (Volume, Million Units, USD Million, 2019-2030)
- Wire to Wire
- Wire to Board
- Others
By Vehicle Type (Volume, Million Units, USD Million, 2019-2030)
- Commercial Vehicles
- Passenger Cars
By Geography (Volume, Million Units, USD Million, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- TE Connectivity Ltd.
- Yazaki Corporation
- Aptiv PLC
- Sumitomo Electric Industries, Ltd.
- Molex, LLC (Koch Industries, Inc.)
- Amphenol Corporation
- Korea Electric Terminal Co., Ltd.
- Kyocera Corporation
- Rosenberger Hochfrequenztechnik GmbH
- Japan Aviation Electronics Industry, Ltd.
Unique Offerings
- Exhaustive coverage
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Automotive Connectors Market by Application
Chapter 6. Global Automotive Connectors Market by Product
Chapter 7. Global Automotive Connectors Market by Connectivity
Chapter 8. Global Automotive Connectors Market by Vehicle Type
Chapter 9. Global Automotive Connectors Market by Region
Chapter 10. Company Profiles
Companies Mentioned
- TE Connectivity Ltd.
- Yazaki Corporation
- Aptiv PLC
- Sumitomo Electric Industries, Ltd.
- Molex, LLC (Koch Industries, Inc.)
- Amphenol Corporation
- Korea Electric Terminal Co., Ltd.
- Kyocera Corporation
- Rosenberger Hochfrequenztechnik GmbH
- Japan Aviation Electronics Industry, Ltd.
Methodology
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