Lucintel Forecasts the Global Automotive Connector Market to Reach $21.3 billion by 2030
Lucintel Forecasts the Global Automotive Connector Market to Reach $21.3 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global automotive connector market looks promising with opportunities in the CCE, powertrain, safety & security, body wiring & power distribution, and navigation & instrumentation markets. The global automotive connector market is expected to reach an estimated $21.3 billion by 2030 from $15.8 billion in 2024, at a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are rising trend of vehicle electrification across diverse vehicle categories, growing demand for fuel-efficient vehicles across the globe, as well as, increasing desire for connectivity, convenience, and safety features in both passenger cars and commercial vehicles.
A more than 150-page report to understand trends, opportunity and forecast in automotive connector market to 2030 by connectivity (wire to wire, wire to board, and others), vehicle type (passenger car and commercial vehicle), application (CCE, powertrain, safety & security, body wiring & power distribution, and navigation & instrumentation), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that passenger car is expected to witness highest growth over the forecast period due to rising sales of cars in developing countries such as India and China.
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APAC is expected to witness highest growth over the forecast period because the region serves as a prominent export center for a wide range of automotive components, as well as, it has access to cost-effective labor, advanced manufacturing facilities, and abundant raw materials.
TE Connectivity, YAZAKI, Delphi Technologies, JAE, Sumitomo are the major suppliers in the automotive connector market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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