Automotive Connectors Market 2024-2032; Growth Forecast & Industry Share Report

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Automotive Connectors Market Growth Potential
Forecast, 2032
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• Industry Insights

• The automotive connectors market is predicted to
  observe over 7 CAGR during 2023 and 2032. The
  electric vehicle revolution is reshaping the
  automotive landscape, and automotive connectors
  play a pivotal role in enabling the seamless
  transfer of power and data within these
  sophisticated vehicles. As per the IEA, in 2022,
  electric car sales exceeded 10 million which has
  tripled from 4 in 2020 to 14 in 2022.
• Furthermore, the increasing demand for advanced
  connectivity solutions, such as infotainment
  systems and telematics, is bolstering the need
  for high-performance automotive connectors. As
  automakers race to meet consumer expectations for
  smarter, more connected vehicles, the market will
  record sustained growth.

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• The board-to-board segment is expected to witness
  substantial growth through 2032 as it ensures
  seamless integration in modern vehicles. This
  type of connector facilitates the interconnection
  of electronic components on a circuit board,
  enabling efficient communication and data
  exchange. As vehicles become more technologically
  advanced, the board-to-board connection will gain
  traction due to the increasing complexity of
  electronic systems within automobiles.
• The passenger vehicle type segment is anticipated
  to record a strong CAGR from 2023 to 2032 owing
  to the focus on ensuring safety comfort and
  provide advanced connectivity features in their
  vehicles. Automotive connectors ensure a seamless
  and reliable connection between various systems.
  With the growing adoption of electric and hybrid
  passenger vehicles, the demand for
  high-performance connectors is expected to
  escalate further in the coming years.

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• Regional Analysis

• North America automotive connectors market will
  grow significantly through 2032. The region's
  automotive industry is characterized by a strong
  focus on technological advancements, particularly
  in electric and autonomous vehicles. As
  automakers in North America strive to enhance
  vehicle performance and connectivity along with
  rising incorporation of new features, the
  regional market will display lucrative
  opportunities for the players.

• Competitive Analysis

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

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