What Are The Forecasts For The Global Automotive Terminal Market?
The automotive terminal market has seen a rapid growth in recent years. The market size is expected to grow from $18.78 billion in 2024 to $20.68 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. This surge can be attributed to factors such as the growth in the automotive industry, stringent emission regulations, and rising consumer demand for electronics.
The market is set to see a consistent growth phase in the next few years. The market is predicted to reach $31.27 billion in 2029 at a compound annual growth rate (CAGR) of 10.9%, courtesy rising vehicle production, electric vehicle adoption, rising global urbanization, growing per capita disposable income, government support. Key trends that are expected to shape the automotive terminal market during the forecast period include digitalization of manufacturing, 5g integration, adoption of advanced materials, enhanced safety features, and cross-industry collaboration.
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What Is Driving The Automotive Terminal Market’s Growth?
The growth in the automotive terminal market is driven by the increasing production rate of automobiles globally. Rising disposable income and growing demand for personal vehicles to daily commute, especially in developing and developed countries, have led to a surge in the demand for passenger and commercial vehicles. As automotive terminals play a vital role in the manufacturing process of these vehicles, their demand is also increasing.
What Are The Major Segments In The Global Automotive Terminal Market?
The automotive terminal market focus of this report is divided by:
1) Current Rating: Below 40 Ampere, 41–100 Ampere, Above 100 Ampere
2) Vehicle Type: Passenger, Commercial
3) Application: Body Control and Interiors, Safety and Security, Cooling, Engine and Emission Control, Infotainment, Lighting System, Battery System
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What Key Companies Are Dominating The Automotive Terminal Market?
Major companies operating in the automotive terminal market include Delphi plc, TE Connectivity Ltd., Pohjolan Kaapeli Oy, Furukawa Electric Co. Ltd., Canadian Automobile Association, Tyco Electronics Ltd., Lear Corp., Molex LLC, Viney Corporation, Grote industries Inc., Keats Groups Ltd., Sumitomo Electric Industries Ltd., Yazaki Corporation, Amphenol Corporation, Aptiv PLC, JST Mfg. Co. Ltd., Kyocera Corporation, Leoni AG, Rosenberger Hochfrequenztechnik GmbH & Co. KG, Samtec Inc., Schlemmer Group, Sumitomo Wiring Systems Ltd., 3M Company, Amphenol Aerospace Corp., Amphenol Industrial Operations Corp., Anderson Power Products, Deutsche Telekom, Esterline Technologies Corp., Glenair Inc., Harwin plc.
What Are The New Trends Impacting The Automotive Terminal Market?
Technological advancements in the automotive terminal market is the key trend gaining popularity. For instance, JAE Electronics developed the miniatured MX79A series high-speed connectors to support data transmission and improve transmission between in-vehicle information and communication technology (ICT) units such as camera ECU, as published by Mouser Electronics, a US-based electronics distributor, in March 2022.
Which Region Held The Major Share In The Automotive Terminal Market?
In 2024, Asia-Pacific took the lead as the largest region in the automotive terminal market, however, North America is expected to be the fastest-growing region during the forecast period. Other regions covered in the automotive terminal market report include Western Europe, Eastern Europe, South America, Middle East and Africa.
What Does The Automotive Terminal Market 2025 Offer?
The automotive terminal refers to devices that provide robust and efficient cable connections in the automobiles. Automotive connector terminals consist of standardized terminals that provide a high-quality connection point between one or more wires and a header or any other wire. The Automotive Terminal Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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