Overview
and Scope
The automotive terminal refers to devices that provide robust and efficient
cable connections. The automotive terminals offer reliable connections to cars,
trucks, and other vehicles. Automotive connector terminals generally consist of
standardized terminals that provide a quick, high-quality connection point
between one or more wires and a header or other wire.
Sizing and Forecast
The automotive terminal market size has grown rapidly in recent years. It will
grow from $17.21 billion in 2023 to $19.09 billion in 2024 at a compound annual
growth rate (CAGR) of 10.9%. The growth in the historic period can be
attributed to growth in automotive industry, stringent emission regulations,
rising consumer demand for electronics, economic growth.
The automotive terminal market size is expected to see rapid growth in the next
few years. It will grow to $28.85 billion in 2028 at a compound annual growth
rate (CAGR) of 10.9%. The growth in the
forecast period can be attributed to rising vehicle production, electric
vehicle adoption, rising global urbanization, growing per capita disposable
income, government support. Major trends in the forecast period include
digitalization of manufacturing, 5g integration, advanced materials, enhanced
safety features, cross-industry collaboration.
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Segmentation & Regional Insights
The automotive terminal market covered in this report is segmented –
1) By Current Rating: Below 40 Ampere, 41–100 Ampere, Above 100 Ampere
2) By Vehicle Type: Passenger, Commercial
3) By Application: Body Control and Interiors, Safety and Security, Cooling,
Engine and Emission Control, Infotainment, Lighting System, Battery System
Asia-Pacific was the largest region in the automotive terminal market in 2023. North
America is expected to be the fastest-growing region in the forecast period.
The regions covered in the automotive terminal market report include
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing quantity of automobile production is expected to propel the
growth of the automotive terminal market. Rapid growth in disposable income
among individuals in both developing and developed countries and growing demand
for a personal vehicle for daily commute to work has contributed to rapid
growth in demand for passenger and commercial vehicles. The rapid growth in
demand for passenger and commercial vehicles is expected to the boost
utilization of automotive terminals, as they are a vital component in the
manufacturing of automotive vehicles. For instance, in April 2022, according to
World Motor Vehicle Production, 79.1 million motor vehicles were produced
around the world, an increase of 1.3% compared to 2020. Therefore, the
increasing quantity of automobile production is expected to boost the growth of
the automotive terminals market during the forecast period.
Key Industry Players
Major companies operating in the automotive terminal market include Delphi plc, TE Connectivity Ltd., Pohjolan
Kaapeli Oy, Furukawa Electric Co. Ltd., Canadian Automobile Association, Tyco
Electronics Ltd., Lear Corp., Molex LLC, Viney Corporation, Grote industries
Inc., Keats Groups Ltd., Sumitomo Electric
Industries Ltd., Yazaki Corporation, Amphenol Corporation, Aptiv PLC,
JST Mfg. Co. Ltd., Kyocera Corporation, Leoni AG, Rosenberger
Hochfrequenztechnik GmbH & Co. KG, Samtec Inc., Schlemmer Group, Sumitomo
Wiring Systems Ltd., 3M Company, Amphenol Aerospace Corp., Amphenol Industrial
Operations Corp., Anderson Power
Products, Deutsche Telekom, Esterline Technologies Corp., Glenair Inc., Harwin
plc
The automotive terminal market report
table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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