Global automotive connectors market: $12 billion industry by 2016

Press Release   •   Feb 25, 2013 11:02 GMT

The Global Automotive Connectors market is to reach US$11.80 billion by 2016. One of the key factors contributing to this market growth is the increasing demand for automotive wiring harnesses. The Global Automotive Connectors market has also been witnessing the growing adoption of automotive electronics. However, the increasing low-cost country sourcing could pose a challenge to the growth of this market.

The growing Global Original Equipment Manufacturer (OEM) Automotive Electronics market is one of the trends that is expected to propel the growth of the Global Automotive Connectors market during the forecast period. All the electronic equipment used in automobiles requires connectors to function properly. Thus, the rapid increase in the adoption of and technological developments in automotive electronic equipment is expected to lead to the growth of the Global Automotive Connectors market.

One of the major drivers is the increasing demand for automotive wiring harnesses, which is positively influencing the demand for automotive connectors.

The key vendors dominating this market space are Delphi Automotive PLC, Sumitomo Electric Industries Ltd., TE Connectivity Ltd., and Yazaki Corp. The other vendors mentioned in the report are Sumitomo Electric Industries Ltd., Molex, and Japan Aviation Electronics Industry Ltd.

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