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Automotive Connectors Market worth 6.28 Billion USD by 2021

The increase in electrification of vehicles and rise in advanced safety systems used in the automotive industry are some of the key factors fuelling the growth of this market.

Browse 81 market data tables and 55 figures spread through 141 pages and in-depth TOC on "Automotive Connectors Market - Global Forecast to 2021" https://www.marketsandmarkets.com/Market-Reports/automotive-connector-marke-84620980.html

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Safety and security application to hold the largest share in the automotive connectors market, by application The safety and security application is estimated to account for the largest share in the automotive connectors market, by value. Connectors used in these advanced safety systems may include connectors used in anti-skid braking system (ABS), airbags, vehicle immobilizers and others. Due to the increase in vehicle thefts, there is a huge opportunity for the growth of safety systems used in the automotive industry, leading to an increase in the number of connectors used in safety applications for a vehicle.

Sealed Connector System is expected to grow due to increasing number of heavy duty applications Sealed connector system is estimated to hold the largest share, in terms of value, for the automotive connectors market, by connector system. Though the number of unsealed connectors is higher as compared to sealed connectors, sealed connectors tend to be costlier than their counterpart. Besides, sealed connector system is ideal for harsh environment and heavy duty applications. The rise in number of off-roading applications and commercial vehicles shall lead to the growth of the sealed connector system market.

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Asia-Pacific: Largest market for the automotive connectors market Asia-Pacific was estimated to account for the largest share, in terms of value, of the automotive connectors market in 2016. The demand for automotive connectors in this region is triggered by the increasing vehicle production in developing nations such as China, and increasing number of electric vehicles in countries such as Japan and others. The region is also the leading producer of automobiles in the world. Request Sample Copy @ https://www.marketsandmarkets.com/requestsample.asp?id=84620980 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefi t more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

Current market trends of Automotive Connectors Market  

Automotive Connectors Market report categorizes the global market by Application (Body Control & Interiors, Engine Control & Cooling System)...

Current market trends of Automotive Connectors Market  

Automotive Connectors Market report categorizes the global market by Application (Body Control & Interiors, Engine Control & Cooling System)...

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