Automotive Connectors Market to Grow at a Remarkable Pace in the Coming Years

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Automotive Connectors Market worth 6.28 Billion
USD by 2021
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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 2021. The market was estimated to be
USD 4.38 Billion in 2016, and is projected to
reach USD 6.28 Billion by 2021. 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 Brochure _at_ https//www.marketsandmar
kets.com/pdfdownload.asp?id84620980

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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.
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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. RequestSample_at_ https//www.markets
andmarkets.com/requestsample.asp?id128255548
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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 worlds 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 2015. Additionally, Asia-Oceania has created
promising opportunities for automobile
manufacturers and automotive component suppliers.
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Browse gtgt 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 US8150 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.
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