According to a new report, published by KBV research, 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).
The PCB segment is leading the Global Automotive Connectors Market by Product in 2022; thereby, achieving a market value of $4.3 billion by 2030. PCB connectors are essential for combining these systems for optimum vehicle performance. The seamless flow of information is made possible through CB connectors, offering improved safety features. Growing demand for vehicle connectivity, such as Wi-Fi, Bluetooth, GPS, and cellular networks, necessitates the development of complex electronic systems.
The Navigation & Instrumentation segment is showcasing a CAGR of 5.9% during (2023 - 2030). The growing accuracy of GPS-enabled devices and the adoption of cutting-edge software like Apple Carplay and Android Auto have encouraged the usage of navigational applications in both commercial and passenger vehicles. Navigation and instrumentation systems rely on transferring data between many parts, including GPS modules, sensors, displays, and control units. Automotive connectors guarantee precise and effective data signal transmission, providing accurate navigation and instrumentation readings.
The Wire-to-Wire segment acquired maximum revenue in the Global Automotive Connectors Market by Connectivity in 2022; thereby, achieving a market value of $5.6 billion by 2030. Wire-to-wire connectors create an electrical circuit by connecting two terminal wires. These connectors frequently establish two wires for data transmission and power distribution. Automotive wire-to-wire connectors are designed for quick and easy installation. They typically feature plug-and-play designs that allow for straightforward connections without the need for soldering or complex wiring procedures. This simplifies assembly during vehicle manufacturing and reduces labor costs.
The Commercial Vehicles segment is exhibiting a CAGR of 6% during (2023 - 2030). The growing awareness for environmental transportation solutions has spurred the development of carbon-emission-reducing commercial vehicles. As a result, commercial vehicle electrification is growing rapidly. Additionally, this is anticipated to support the market in this segment's growth.
The Asia Pacific region dominated the Global Automotive Connectors Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.0 billion by 2030. The Europe region is estimated to grow at a CAGR of 5% during (2023 - 2030). Additionally, The North America region would showcase a CAGR of 5.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/automotive-connectors-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Application (Volume, Million Units, USD Million, 2019-2030)
By Product (Volume, Million Units, USD Million, 2019-2030)
By Connectivity (Volume, Million Units, USD Million, 2019-2030)
By Vehicle Type (Volume, Million Units, USD Million, 2019-2030)
By Geography (Volume, Million Units, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
