Automotive Connectors Market worth 6.28 Billion USD by 2021

Automotive Connectors Market - Global Forecast to 2021 The automotive connectors market, in terms of value, is projected to grow at a CAGR of 7.46% from 2016 to The market was estimated to be USD 4.38 Billion in 2016, and is projected to reach USD 6.28 Billion by In this study, 2015 has been considered the base year, and 2016 to 2021 the forecast period, for estimating the market size of the automotive connectors market. PDF

Safety and security application to hold the largest share in the automotive connectors market, by application The safety and security application is estimated to account for the largest share in the automotive connectors market, by value. Connectors used in these advanced safety systems may include connectors used in anti-skid braking system (ABS), airbags, vehicle immobilizers and others. Due to the increase in vehicle thefts, there is a huge opportunity for the growth of safety systems used in the automotive industry, leading to an increase in the number of connectors used in safety applications for a vehicle.

Sealed Connector System is expected to grow due to increasing number of heavy duty applications Sealed connector system is estimated to hold the largest share, in terms of value, for the automotive connectors market, by connector system. Though the number of unsealed connectors is higher as compared to sealed connectors, sealed connectors tend to be costlier than their counterpart. Besides, sealed connector system is ideal for harsh environment and heavy duty applications. The rise in number of off-roading applications and commercial vehicles shall lead to the growth of the sealed connector system market.

“Asia-Oceania region is the leading market in terms of catalytic converter demand” Asia-Oceania is estimated to dominate the catalytic converter market for the automotive industry, as the region represents countries such as China, Japan, South Korea, and India with the world’s highest vehicle production. According to the Organisation Internationale des Constructeurs d Automobiles (OICA) publication, these countries together contributed ~48% to the global vehicle production in Additionally, Asia-Oceania has created promising opportunities for automobile manufacturers and automotive component suppliers.

Browse >> 90 market data tables 61 figures 164 pages and in-depth TOC on “Automotive Connectors Market - Global Forecast to 2021” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL USA :