Global Motorcycle Connectors Market 2017-2021
About Motorcycle Connectors
A connector is a device that transmits electric signals from a power source to electronic equipment or to the internal controls of a machine. It forms a medium of communication between different systems and components by connecting electric circuits. Connectors are used in all electronic components or any component that employs semiconductors, integrated circuits, or electricity. Hence, they comprise a high-volume market with wide application areas. Technavio’s analysts forecast the global motorcycle connectors market to decline at a CAGR of (9.57%) during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global motorcycle connectors market for 2017-2021. To calculate the market size, the report considers the sales value of motorcycle connectors, and it excludes the aftermarket and replacement motorcycle connectors.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Motorcycle Connectors Market 2017-2021
Technavio recognizes the following companies as the key players in the global motorcycle connectors market: TE Connectivity, Yazaki, Delphi Automotive, Sumitomo Electric Wiring Systems, and Japan Aviation Electronics Industry.
Other Prominent Vendors in the market are: Hirose Electric, Hu Lane Associates, KOREA ELECTRIC TERMINAL, Molex, Rosenberger, Amphenol, and KYOCERA Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is induction of high-end optical fibers into the automobile sector. Traditional vehicles used the crimp and poke connector system due to its simplified architecture for wiring harnesses. With the increased demand for driver support systems, traditional connector systems could no longer provide the necessary bandwidth. This led to the development of other complex architecture for wiring harnesses like UTP and STP. Although UTP and STP can satisfy the bandwidth requirements, they increased the overall weight of the vehicle due to high usage of copper in wiring harnesses. This led to the development of a lightweight alternative such as optical fibers.”
According to the report, one of the major drivers for this market is Increase in electronic content for motorcycles. With the increase in demand for motorcycles, the market competition has intensified drastically over the past decade. OEMs are urged to offer value-added features for motorcycles, mostly in the form of electronics. The development of an electronic component leads to the incorporation of other integrated electronics, which increases the efficiency and enhances the riding experience. This demand for such features is enabling the rapid electrification of mechanical components and driving the adoption of infotainment system in motorcycles.
Further, the report states that one of the major factors hindering the growth of this market is Rising labor cost in low-cost manufacturing countries. In the motorcycle industry value chain, OEMs were initially liable for most of the warranty costs and price pressure from the demand side. However, this situation has changed over the past couple of years, wherein OEMs have pushed these liabilities to tier-1 suppliers that have, in turn, pushed them to component manufacturers. This has resulted in cost optimization across the industry to maintain profitability.
TE Connectivity, Yazaki, Delphi Automotive, Sumitomo Electric Wiring Systems, Japan Aviation Electronics Industry, Hirose Electric, Hu Lane Associates, KOREA ELECTRIC TERMINAL, Molex, Rosenberger, Amphenol, and KYOCERA Corporation.