The Business Research Company’s report on the Automotive Terminal Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the automotive terminal market in recent years?
The increasing quantity of automobile production is expected to propel the growth of the automotive terminal market. Rapid growth in disposable income among individuals in both developing and developed countries and growing demand for a personal vehicle for daily commute to work has contributed to rapid growth in demand for passenger and commercial vehicles. The rapid growth in demand for passenger and commercial vehicles is expected to the boost utilization of automotive terminals, as they are a vital component in the manufacturing of automotive vehicles. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based trade association, around 85.4 million motor vehicles were produced globally in 2022, a 5.7% increase from 2021.
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What is the projected market size of the automotive terminal industry, and how is it expected to grow?
The automotive terminal market size has grown rapidly in recent years. It will grow from $18.78 billion in 2024 to $20.68 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to growth in automotive industry, stringent emission regulations, rising consumer demand for electronics, economic growth.
The automotive terminal market size is expected to see rapid growth in the next few years. It will grow to $31.27 billion in 2029 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to rising vehicle production, electric vehicle adoption, rising global urbanization, growing per capita disposable income, government support. Major trends in the forecast period include digitalization of manufacturing, 5g integration, advanced materials, enhanced safety features, cross-industry collaboration.
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Who are the key players driving competition in 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 key trends are expected to drive the automotive temperature sensor market during the forecast period?
Technological advancements have emerged as a key trend gaining popularity in the automotive terminal market. The companies operating in the automotive terminal market are focusing on developing advanced products to meet industry demands and strengthen their market position across the globe. For instance, in March 2022, according to a publication by Mouser Electronics, a US-based electronics distributor, JAE Electronics developed the miniatured MX79A series high-speed connectors to support data transmission. The MX79A high-speed connectors improve transmission between in-vehicle information and communication technology (ICT) units such as camera ECU.
Which key geographies are driving the growth of the automotive terminal market?
Asia-Pacific was the largest region in the automotive terminal market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive terminal market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the key segments driving growth in the automotive terminal market?
The automotive terminal market covered in this report is segmented –
1) By Current Rating: Below 40 Ampere, 41–100 Ampere, Above 100 Ampere
2) By Vehicle Type: Passenger, Commercial
3) By Application: Body Control and Interiors, Safety and Security, Cooling, Engine and Emission Control, Infotainment, Lighting System, Battery System
Subsegments:
1) By Below 40 Ampere: Low-Current Terminals, Miniature Terminals, Standard Terminals
2) By 41–100 Ampere: Medium-Current Terminals, High-Temperature Terminals, Multi-Pole Terminals
3) By Above 100 Ampere: Heavy-Duty Terminals, High-Current Terminals, Specialty Terminals for High-Power Applications
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How is the automotive terminal market defined?
The automotive terminal refers to devices that provide robust and efficient cable connections. The automotive terminals offer reliable connections to cars, trucks, and other vehicles. Automotive connector terminals generally consist of standardized terminals that provide a quick, high-quality connection point between one or more wires and a header or other wire.
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