Global Automotive Connectors Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Automotive Connectors Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report to their offering.

The global automotive connectors market is projected to grow at a CAGR of approximately 7.6% by 2023

The growth of the automotive connectors market is driven by the increase in use of number of electronic components in the global automotive connectors market. The conventional cable is replaced by coaxial cables, intelligent and robust bus systems. The automotive connectors are compatible with complex and sophisticated electronic components. It enables high speed data transmission and which in turn increases the efficiency of electronic components.

Some of the key players of the global automotive connectors market are TE Connectivity, Fischer Connectors, Yazaki Corporation, Amphenol Corporation, Delphi Automotive, Sumitomo Electric Industries Ltd., Simtek Ltd, Japan Aviation Electronics Industry, Ltd., Hirose Electric Co., Ltd, Foxconn Technology Group, JST Mfg. Co., Ltd., AVX Corporation, and Molex Incorporate.

Amphenol corporation is a United States company that manufactures wide range of products such as electronic and optical fiber connectors and various types of coaxial cables. Some of the strategic initiatives includes the announcement that Amphenol finalized its deal to acquire FCI Asia Pte Ltd an interconnect company specializing in the telecom communication markets. In July 2016, Amphenol acquired AUXELFTG a French manufacturer of power bus bars and power interconnects solutions.

Market Determinants

Market Drivers

  • Increasing Demand for Automotive Safety Systems
  • Increasing Demand for Fuel-Efficient Vehicles
  • Increase in Usage of Electronic Components in Vehicles

Market Restraint

  • Safety And Durability Concern Affects the Overall Efficiency

Market Opportunities

  • The Rise in Production And Use of Automotive Vehicles
  • Concept of Autonomous Vehicles

Market Challenges

  • Rising Labor Cost in Manufacturing Countries
  • Global Rise in Price of Raw Materials

Companies Mentioned

  • AVX Corporation
  • Amphenol Corporation
  • Delphi Automotive
  • Fischer Connectors
  • Foxconn Technology Group
  • Hirose Electric Co.,Ltd
  • JAE
  • JST MFG. Co., Ltd.
  • Japan Aviation Electronics Industry, Ltd.
  • Molex Incorporated
  • Sumitomo Electric Industries Ltd.
  • TE Connectivity
  • Tesla
  • Waymo
  • Yazaki Corporation

For more information about this report visit http://www.researchandmarkets.com/research/qjwpnz/global_automotive

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Wire and Cables, Telematics and Vehicle Electronics

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Wire and Cables, Telematics and Vehicle Electronics