Automotive Connector Market in Europe 2015-2019
About Automotive Connector
A connector is an electro-mechanical component used to connect electrical circuits together. In the automotive industry, connectors are mainly used in automotive wiring harness to connect electrical devices and wires. Connectors are also used in defence vehicles, marine equipment, airplanes, automation and control equipment, and telecom devices. On an average, an automobile contains one mile of wiring and more than 260 connectors, which is expected to reach more than 320 in the forecast period.
Technavio analysts forecast the automotive connector market in Europe market to grow at a CAGR of 7.08% during 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of automotive connector market in Europe for the period 2015-2019. The market size has been calculated based on the revenue generated from sales of automotive connectors in Europe. We presents five key vendors and a detailed analysis of these vendors in the report. We also discuss market growth drivers, challenges facing the vendors and the industry as a whole, and key trends emerging in the market.
The Technavio report, namely Automotive Connector Market in Europe 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. The report also includes the key vendors operating in the market.
Technavio Announces the Publication of its Research Report – Automotive Connectors Market in Europe 2015-2019
Technavio recognizes the following companies as the key players in the Automotive Connectors Market in Europe: Delphi Automotive, Molex, Sumitomo Electric Industries, T.E Connectivity and Yazaki
Other Prominent Vendors in the market are: Amphenol, Alpes Connectique Services, Bizlink Technologies, DAA Draexlmaier, ERNI Electronics, Hirose Electric, Honda Tsushin Kogyo, Hu Lane Associates, Harting KGaA, Iriso electronics, Japan Aviation Electronics, JST, Korea Electric Terminal, Kyocera, Lear,Leoni, Otto Dunkel Gmbh, Rosenberger, Samtec and Souriau
Commenting on the report, an analyst from Technavio’s team said: “Increased demand for automotive electronics is one of the major trends expected to drive the automotive connectors market in Europe during the forecast period. Electronic components used in vehicles necessitate usage of automotive connectors for proper functioning. Automotive electronics represent 30-35% of total manufacturing costs of an automotive. Usage of automotive electronics has increased because of a growing demand for advanced systems such as premium audio systems, advanced driver assistance systems, on-board diagnostic systems, infotainment systems, and electronic transmission.”
According to the report, the increase in number of accidents in the past few years has augmented demand for advanced safety systems such as airbags, brakes, and steering. Demand for safety systems is driven by compliance of stringent safety norms for an automotive, implemented by the European Commission. Automotive safety systems such as seatbelts, airbags, and brakes require a connection system comprising a retainer and safety restraint system connector. Thus, the growing demand for automotive safety systems has a direct influence on demand for automotive connectors. For instance, Delphi provides various safety restraint systems connector solutions for airbags.
Further, the report states that reliability and durability issues are one of the major challenges faced by the automotive connectors market in Europe.Companies Mentioned
Delphi Automotive, Molex, Sumitomo Electric Industries, T.E Connectivity, Yazaki, Amphenol, Alpes Connectique Services, Bizlink Technologies, DAA Draexlmaier, ERNI Electronics, Hirose Electric, Honda Tsushin Kogyo, Hu Lane Associates, Harting KGaA, Iriso electronics, Japan Aviation Electronics, JST, Korea Electric Terminal, Kyocera, Lear,Leoni, Otto Dunkel Gmbh, Rosenberger, Samtec and Souriau