DUBLIN--(BUSINESS WIRE)--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.
- Increasing Demand for Automotive Safety Systems
- Increasing Demand for Fuel-Efficient Vehicles
- Increase in Usage of Electronic Components in Vehicles
- Safety And Durability Concern Affects the Overall Efficiency
- The Rise in Production And Use of Automotive Vehicles
- Concept of Autonomous Vehicles
- Rising Labor Cost in Manufacturing Countries
- Global Rise in Price of Raw Materials
- AVX Corporation
- Amphenol Corporation
- Delphi Automotive
- Fischer Connectors
- Foxconn Technology Group
- Hirose Electric Co.,Ltd
- JST MFG. Co., Ltd.
- Japan Aviation Electronics Industry, Ltd.
- Molex Incorporated
- Sumitomo Electric Industries Ltd.
- TE Connectivity
- Yazaki Corporation
For more information about this report visit http://www.researchandmarkets.com/research/qjwpnz/global_automotive