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Automotive Connectors Market Share

Report ID: GMI7486
Published Date: Nov 2023
Report Format: PDF

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Automotive Connectors Market Share

Major companies operating in the automotive connectors industry are:

Amphenol Corporation
Aptiv
HIROSE ELECTRIC CO., LTD.
Molex
Sumitomo Electric Industries, Ltd.
TE Connectivity
YAZAKI Corporation

HIROSE ELECTRIC CO., Ltd holds the largest market share, high-quality products, a diverse and innovative product portfolio, strong customer relationships, global presence, and the ability to meet the evolving demands of the automotive industry, such as the increasing need for connectivity and advanced electronic systems in vehicles. Also, providing reliable and technologically advanced solutions that comply with industry standards and regulations is crucial for success in the automotive connector market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive connectors reached USD 7.9 billion in 2022 and is set to grow at 7% CAGR through 2032, driven by the increasing demand for electric vehicles.

The commercial vehicles segment accounted for a market share of around 55% in 2022, owing to the increasing integration of advanced technologies including telematics and GPS systems in vehicles.

Asia Pacific market was valued at around USD 3.1 billion 2022, led by region's robust automotive sector alongside technological innovations.

Amphenol Corporation, Aptiv, HIROSE ELECTRIC CO., LTD., Molex, Sumitomo Electric Industries, Ltd. are some of the major industry contenders.