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Automotive Connectors Market to be at Forefront by 2025

Automotive Connectors Market

, 8 March 2019 -- Automotive Connectors Market is mainly driven by rising demand for automotive safety requires sophisticated automotive sensors which are anticipated to increase demand for automotive connectors

An electrical connector is device that joins electrical terminations to form a circuit. Electrical connectors consists of plugs (male-ended) and jacks (female-ended). Automotive connectors form connection in a vehicle similar to connection of blood vessels in a human body.

Automotive connectors are of two types: sealed and un-sealed. Majority of sealed connectors are used in engine compartments and un-sealed connectors are used inside vehicles. Wire to wire connection connects two terminal wires to form a circuit. In wire to board connectors, the electrical connections through wire terminals are inserted into the printed circuit boards (PCB) and a circuit is made. A board-to-board connector is used to connect PCBs and other electric components. Each terminal of a board-to-board connector is connected to a PCB.

On the basis of connection type, the market is segmented into wire to wire connection, wire to board connection and board to board connection. By system type, the market is segmented into sealed connector system and un-sealed connector system. By vehicle type, the market is classified into heavy commercial vehicles, light commercial vehicles and passenger vehicles.

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By geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is a major market for automotive connectors. The U.S is the largest market in North America and is the second largest automotive market in the world. Canada and Mexico are other significant markets in this region. Europe is another major market for automotive connectors. Germany is a prominent market and is also the largest automotive market in Europe. In Germany, Media Oriented Systems Transport (MOST) cooperation standard is developed among automakers and other stake holders to develop plastic optical fiber (POF) technology in the automotive sector. This is anticipated to increase demand for automotive connectors in Germany and Europe. The U.K, France, Italy, Spain, Belgium and Netherlands are other significant markets in this region. Asia Pacific is one of the largest automotive connectors market in the world. China is a major market in this region and is the largest global automotive market. Japan, South Korea, India and Australia are other significant markets in this region. Middle East & Africa and Latin America are other major automotive connectors market in the world. Turkey, Iran, South Africa, Brazil and Argentina are major countries in the above regions. Currently, Brazil is in recession which is expected to be over by 2017.

Rising demand for automotive safety requires sophisticated automotive sensors which are anticipated to increase demand for automotive connectors. The percentage share of electronics is rising as a share of vehicle components. Rising demand for electronics is anticipated to increase the demand for automotive connectors. Most of the electrical connections in a car are made of copper cables. Recently, designers have started to replace copper cables with plastic optical fiber (POF) to increase data transmission, reduce vehicle weight, and increase design flexibility. POF requires sophisticated automotive connectors. Rising demand for POF in the automotive industry is anticipated to increase the demand for automotive connectors. A major opportunity in automotive connectors is the increasing acceptance of hybrid and electric vehicles across the world. Major automotive manufacturers intend to produce increasing number of electric vehicles.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Submitted by hawer on Friday, 8 March 2019 at 1:11 AM
Category: Automotive & Travel
 
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