Global Two-Wheeler Connectors Market 2017-2021
About Two-Wheeler Connectors
A connector is a device which helps in connecting the internal controls of an appliance, as well as helps in the transmission of electrical signals from the power source of the appliance to the electronic equipment. It links various components and systems together with the help of electrical circuits. A connector can be of various shapes, sizes, quality standards, and complexity, as it is designed to perform different functionalities.
Technavio’s analysts forecast the global two-wheeler connectors market to grow at a CAGR of 8.38% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global two-wheeler connectors market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Two-Wheeler Connectors Market 2017-2021
Technavio recognizes the following companies as the key players in the global two-wheeler connectors market: Bosch, Hirose Electric, Japan Aviation Electronics Industry, Sumitomo Electric Wiring Systems, TE Connectivity, and YAZAKI.
Other Prominent Vendors in the market are: Korea Electric Terminal, Molex, and Rosenberger.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of next generation ECU connectivity solution – SmartSeal connector. The SmartSeal connector is a compact, next generation ECU connectivity solution, which has a rugged connector capable of withstanding the demand of the two-wheeler market. This innovative connector can be directly mounted on the PCB, eliminating the need for a PCB header and sealed enclosure.”
According to the report, one driver in the market is increase in the sales of luxury and ultra-luxury motorcycles. Due to the legacy of luxury and ultra-luxury motorcycles and the increased need for comfort, the motorcycles sales, across the world, have significantly increased. Compared to the commuter and mid-segment motorcycles, the luxury and ultra-luxury motorcycles have higher torque and have more reliability and durability. Therefore, these motorcycles are preferred for both short and long journeys. Presently, the luxury and ultra-luxury motorcycles are being sold directly by the OEMs. There is an increase in the global demand for ultra-luxury motorcycles, which have electronic cruise control (ECC).
Further, the report states that one challenge in the market is pressure from OEMs to keep the component cost low. Increase in safety mandates and customer expectations for advanced features have led to increase in the number of electronic systems and functions in two-wheelers. The reliability, durability, efficiency, and the performance of electronic components directly impact the working of a two-wheeler. The OEMs are looking to strike a balance between cost incurred due to increasing number of electronic components in two-wheelers and providing the customers with affordable products.
Bosch, Hirose Electric, Japan Aviation Electronics Industry, Sumitomo Electric Wiring Systems, TE Connectivity, YAZAKI, Korea Electric Terminal, Molex, and Rosenberger.