GlobalAutomotive Terminal Market was valued US$ XX Bn in 2019 and is expected togrow US$ 32.91 Bn by 2027, at a CAGR of XX% during the forecast period.
Global Automotive Terminal Market
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Global Automotive Terminal MarketOverview:
Automotive terminals are referredto as a connector is an electronic or electromechanical device that offersvehicles with connectivity solutions and used to connect charger with thebatteries of automotive vehicles. Automotive terminals come in several sizes, specifications,and designs, they are built to withstand tough conditions and suit the variableneeds of the industry. The whole functionality of vehicles depends on theappropriate operation of the electronic devices and hence each automotive wireterminals and conductors are durable and protected. Terminal designs and sizesalso depend on the end-use in the automobiles.
Global Automotive Terminal MarketDynamics:
Increase in use of electronicscomponents in vehicles, demand for electric vehicles, and government regulationabout the installation of safety technologies to grow the demand for theautomotive terminal market. There is a huge growth in the use of electronicscomponents per vehicle, which influences the growth of the market in terms ofvalue and volume. Increased concerns about energy-efficient vehicles willcreate opportunities in the market by increasing the demand for terminals inthe vehicle. Also, the growth of autonomous and semi-autonomous vehicle willease new revenue generation for the manufacturers in the automotive terminalmarket.
On the other hand, design concernsand long-term consistency feature for the high voltage terminals are majorchallenges in the market. The development of terminals that are used forhandling vibration in vehicles will be the major concern for manufacturers.
Global Automotive Terminal MarketTrends:
Growing Sales of Electric Vehicles
The sales of electric vehicles inthe past few years have observed significant growth, because of the need foraddressing future energy requirements. The electric vehicles market is comingup as an integral part of the automotive industry. In 2017, the global electricvehicle sales were 1 million units which were increased to 2 million units in2018, therefore driving the growth of the automotive terminals market.
An additional factor driving thegrowth of the market is the growing concern of improving the safety andsecurity of vehicles among automakers and government. Accordingly, automakershave started installing dedicated electronic control units (ECUs) at everycritical level of the vehicle system, together with powertrain, steering, andbraking systems. For example, the usage of ECUs, like electric power steeringECU unit and anti-lock braking systems (ABS) ECU unit has been considerablyincreased to around 4-5% annually, during the past three years (2016-2019).Other safety and security features, such as airbags and central-locking system,have been mostly installed in above 60% of all new vehicle sales in 2019.
Global Automotive Terminal MarketSegmentation:
According to the current rating,the below 40-Ampere segment is expected to hold the highest CAGR of the globalmarket during the forecast period. Rising equipment of electronic applicationsthat function in the range of below 40 Ampere, like wiper motor, mirrors, andelectronic fuel booster is expected to drive the growth of this segment.
Region-wise, Asia Pacific isexpected to hold the largest market share in terms of value and volume by 2027,on account of development in infrastructure, increased vehicle sales, andgovernment regulations about safety devices in the vehicles. Asia Pacific willgrow at a CAGR of XX% during the forecast period followed by North America andEurope.
Industry Development:
In October 2018, Continentalannounced the acquisition of Kathrein Automotive GmbH so that they can growtheir connected mobility, and reinforce them in automotive antenna market. Toincrease the vehicle connectivity, the company is also planning to develop ahigh performance intelligent antenna. This acquisition will lead in growth andnew innovation under connectivity solutions for automotive terminals.
In August 2018, TE Connectivityannounced its acquisition of ABB’s ENTRELEC terminal block business. Thisacquisition will help the company to create platform in order to reducecomplexity and drive innovation. By adding the ABB’s ENTRELEC terminal blockoffering to the company’s portfolio, the company will be able to providecomplete system for signal, power and data connectivity.
The objective of the report is topresent a comprehensive analysis of the Global Automotive Terminal Marketincluding all the stakeholders of the industry. The past and current status ofthe industry with forecasted market size and trends are presented in the reportwith the analysis of complicated data in simple language. The report covers allthe aspects of the industry with a dedicated study of key players that includesmarket leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis withthe potential impact of micro-economic factors of the market have beenpresented in the report. External as well as internal factors that are supposedto affect the business positively or negatively have been analyzed, which willgive a clear futuristic view of the industry to the decision-makers.
The report also helps inunderstanding Global Automotive Terminal Market dynamics, structure byanalyzing the market segments and project the Global Automotive Terminal Marketsize. Clear representation of competitive analysis of key players by type,price, financial position, Product portfolio, growth strategies, and regionalpresence in the Global Automotive Terminal Market make the report investor’sguide.
Scope of the Global AutomotiveTerminal Market: Inquire before buying
Global Automotive Terminal Market,By Current Rating
• Below 40 Ampere
• 41–100 Ampere
• Above 100 Ampere
Global Automotive Terminal Market,By Application
• Cooling
• Engine & Emission Control
• Safety & Security System
• Body Control & Interiors
• Infotainment
• Lighting System
• Battery System
Global Automotive Terminal Market,By On-Highway Vehicle
• Passenger Cars (PC)
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
Global Automotive Terminal Market,By Off-Highway Vehicle
• Construction Vehicle
• Agricultural Vehicle
Global Automotive Terminal Market,By Electric Vehicle
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle(PHEV)
Global Automotive Terminal Market,By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the GlobalAutomotive Terminal Market
• Viney Corporation Limited
• Keats Manufacturing Co.
• Molex
• PKC Group Ltd
• FURUKAWA ELECTRIC CO., LTD
• Lear Corporation.
• Delphi Technologies
• Sumitomo Electric Industries,Ltd.
• TE Connectivity
• Shree Krishna AutomotiveComponents
• Koopman Logistics Group
• Terminal Technologies (I) Pvt.Ltd
• BLG LOGISTICS GROUP AG & Co.KG
• IRISO Electronics CO., LTD
• Terminal Supply Co.
• Ascon Engineering Industries
• Vehicle Wiring Products Ltd
• Patel Mech India
• KOREA ELECTRIC TERMINAL CO., LTD.
• Others
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