According to IMARC Group’s latest report, titled “Automotive Connector Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automotive connectors market exhibited moderate growth during 2015-2020. Automotive connectors refer to electrochemical elements that are primarily adopted to attach various electrical circuits. These connectors assist in joining the head unit to the power supply, volume controls, special automobile components, switches, etc. Automotive connectors integrate advanced security and safety features, including anti-theft alarms, keyless entry, adaptive cruise control, auto emergency braking systems, etc.
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The expanding automobile sector, increasing levels of urbanization, and improving consumer living standards are driving the global automotive connector market. Furthermore, the rising prominence of high-end infotainment and audio systems is augmenting the adoption of electronic components, which is contributing to the market growth. Additionally, the emergence of hybrid and autonomous vehicles with numerous innovative features, such as park assistance and departure warning systems, and adaptive front lighting, is providing a thrust to the global market. Moreover, several regional manufacturers are utilizing heat-resistant and lightweight materials for wiring harnesses, which is expected to cater to the global automotive connector market over the forecasted period. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
Competitive Landscape with Key Players:
Breakup by Connection Type:
Breakup by Connector Type:
Breakup by System Type:
Breakup by Vehicle Type:
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Breakup by Region:
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