IMARC Group has recently released a new research study titled “Europe Automotive Connectors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the Europe automotive connectors market?
The Europe automotive connectors market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.
Industry Overview:
Automotive connectors are electrochemical devices specifically designed for use in automobile electrical systems. They transmit electric signals and help maintain communication between systems and components. They are used to connect printed circuit boards (PCBs), integrated circuit packages, wires, cables, and batteries in automobiles. The connectors join the electric terminals to form a complete circuit and ensure efficient navigation between the electronic and safety devices of an automobile. The commonly available automotive connectors include automotive terminals, crimp wire pins, ferrules, and tabs, foil terminals, magnet wire terminals, and PCB terminals. In Europe, the increasing demand for monitoring different systems in vehicles is positively influencing the adoption of connectors.
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Market Trends and Drivers:
Regional governments in Europe are implementing stringent regulations on carbon emissions produced by automobiles, which represents one of the key factors accelerating the market growth. This is further supported by the incorporation of advanced security features in automobiles and the sophistication of infotainment systems and automotive sensors. Moreover, the inflating sales of hybrid vehicles on account of the rising environmental awareness is creating a positive outlook for the market. Furthermore, the surging demand for safety, convenience, and connectivity features in passenger and commercial vehicles and the increasing need for advanced safety solutions, such as electronic stability control (ESC) and tire-pressure monitoring systems (TPMS), are providing an impetus to the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Connection Type:
- Wire to Wire Connection
- Wire to Board Connection
- Board to Board Connection
Breakup by Connector Type:
- PCB Connectors
- IC Connectors
- RF Connectors
- Fiber Optic Connectors
- Others
Breakup by System Type:
- Sealed Connector System
- Unsealed Connector System
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Electric Vehicles
Breakup by Application:
- Body Control and Interiors
- Safety and Security System
- Engine Control and Cooling System
- Fuel and Emission Control
- Infotainment
- Navigation & Instrumentation
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=2849&flag=C
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Website: https://www.imarcgroup.com
