Global Car Electric Connectors Market Overview:
The global car electric connectors market is expected to grow at a healthy pace during the forecast period owing to rising global automotive sales, fleet, & rising demand for maintenance and replacement of components in aftermarket sales, increasing electrification of vehicles, and increasing production of electric vehicles due to rise in demand. In addition, rising consumer preference towards electric vehicle over traditional vehicles due to environmental concerns over carbon emissions is another major factor which will drive the market for car electric connectors during the forecast period.
- Rising Global Automotive Sales, Fleet, and Aftermarket
- Growing Electrification of Vehicles
- Increasing Production of Electric Vehicles
- Rising Shift From Traditional Fuel Vehicles to Electric Vehicles
- Increasing Adoption of Electronic Systems in Automotive Industry
- Opportunities in Connected Communication Technologies Or Introduction of V2X Technologies in Vehicles
- Durability & Reliability Issues
The companies in this market are trying to develop innovated products in terms of reliability and durability of the product by launching new products due to rising demand for electrification in vehicles. For instance, in April 2019, AVX Corporation announced the release of its first wire-to-board RF coaxial IDC connector for industrial and automotive applications.
Some of the key players profiled in the report are Amphenol Sine Systems (United States), TE Connectivity (Switzerland), Molex, LLC (United States), IDEAL INDUSTRIES, INC. (United States), Aptiv (Ireland), Eaton (Ireland), Pollak (United States), YAZAKI COPORATION (Japan), Stšubli International AG (Switzerland), Power Dynamics, Inc. (United States), Robert Bosch GmbH (Germany), Lear Corporation (United States), Sumitomo Electric Industries, Ltd (Japan) and AVX Corporation (United States). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Car Electric Connectors market by 2025. Considering Market by Vehicle, the sub-segment i.e. Fuel Cars will boost the Car Electric Connectors market. Considering Market by Technology, the sub-segment i.e. Non-Sealed will boost the Car Electric Connectors market. Considering Market by End Use, the sub-segment i.e. OE will boost the Car Electric Connectors market.
In June 2018, Aptiv announced that it has completed the acquisition of KUM which is a leading provider of highly engineered connectors and cable management solutions for a range of harsh-environment automotive applications.
In February 2019, Bosch announced the launch of ACS Compact Series of connectors for diesel fuel systems for automotive applications.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Car Electric Connectors market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Car Electric Connectors market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive OEMs, Aftermarket Service Providers, Vehicle Component Manufacturers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.