NEW YORK, Feb. 6, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global automotive and transportation connector market size is estimated to grow by USD 4.34 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 5.8% during the forecast period. Rising demand in european region is driving market growth, with a trend towards increasing electronic components in automobiles. However, lack of durability poses a challenge. Key market players include Amphenol Corp., Aptiv Plc, Aviation Industry Corp. Of China Co. Ltd., BorgWarner Inc., Eaton Corp., Furukawa Electric Co. Ltd., HIROSE ELECTRIC Co. Ltd., Hu Lane Associate Inc., J.S.T. Mfg. Co. Ltd., Japan Aviation Electronics Industry Ltd., Koch Industries Inc., Korea Electric Terminal Co. Ltd., Kyocera Corp., Lear Corp., Leoni AG, Lumberg Holding GmbH and Co. KG, Luxshare Precision Industry Co. Ltd., Rosenberger Hochfrequenztechnik GmbH and Co. KG, Samtec Inc., Sumitomo Corp., TE Connectivity Ltd., and Yazaki Corp..
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Automotive And Transportation Connector Market Scope |
|
Report Coverage |
Details |
Base year |
2024 |
Historic period |
2019 – 2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
Market growth 2025-2029 |
USD 4337.3 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
4.6 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key countries |
US, China, Japan, South Korea, Canada, India, Germany, UK, Italy, and Spain |
Key companies profiled |
Amphenol Corp., Aptiv Plc, Aviation Industry Corp. Of China Co. Ltd., BorgWarner Inc., Eaton Corp., Furukawa Electric Co. Ltd., HIROSE ELECTRIC Co. Ltd., Hu Lane Associate Inc., J.S.T. Mfg. Co. Ltd., Japan Aviation Electronics Industry Ltd., Koch Industries Inc., Korea Electric Terminal Co. Ltd., Kyocera Corp., Lear Corp., Leoni AG, Lumberg Holding GmbH and Co. KG, Luxshare Precision Industry Co. Ltd., Rosenberger Hochfrequenztechnik GmbH and Co. KG, Samtec Inc., Sumitomo Corp., TE Connectivity Ltd., and Yazaki Corp. |
Market Driver
The Automotive and Transportation Connector market is experiencing significant growth due to trends in safety features, environmental concerns, and technological advancements. Electronic components, such as fiber optics, play a crucial role in enabling safety systems like airbags, lane departure warning, and adaptive cruise control. Materials ensure connector durability against temperature fluctuations, wear and tear, and dirt. Electric vehicles and commercial vehicles are driving the market, with a focus on power distribution, vehicle weight reduction, and vehicle security through features like keyless entry, anti-theft alarm systems, and IMSE technology. Technological advancements include connectivity through Wi-Fi networks, data transfer interfaces, and machine learning for enhanced driving experiences. Automotive manufacturers prioritize safety and security, with trends towards electric vehicle electrification, autonomous driving, and advanced security features. Adaptive front lighting and adaptive cruise control enhance the driving experience, while braking systems and air pollution concerns push for environmental friendliness. In-mold connectors, wire-to-board, and board-to-board connectors ensure reliable data transfer and power distribution, enabling features like navigation & instrumentation, memory, and departure warning systems. The market continues to evolve with innovations like MicroSpace connectors and self-driving vehicles, offering design flexibility and advanced electronic control units.