Automotive Terminals Market growing at 9.14% CAGR during 2019 to 2023, according to “Automotive Terminals Market 2019 Global Industry Analysis Research Report”, published by Market Research Future. Global Automotive Terminals Market Information by Current Rating (<50 A, 50-100 A, >100 A), Vehicle Type, Application (Body Control & Interiors, Safety & Security, Cooling, Engine & Emission Control, Infotainment, Lighting System, Battery System), with region forecast to 2023.
Global Automotive Terminals Market Forecast Highlights:
Delphi Plc (U.K), Lear Corporation (U.S.), Furukawa Electric Co., Ltd. (Japan), Sumitomo Electric Industries, Ltd. (Japan), E Connectivity Ltd. (Switzerland), Viney Corporation Limited (India), Grote Industries (U.S.), Keats Manufacturing Co. (U.S.), PKC Group (Finland), and Molex, LLC (U.S.) are among the leading market players that MRFR has studied for their competitive roles in the global Automotive Terminals market.
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Automotive Terminals are electronic devices which are used in electric vehicles and for electric components to connect the charger with the batteries. These terminals are fitted on wires with connectors for either a temporary or permanent connection. The global market for Automotive Terminals is projected to witness remarkable growth over the forecast period as was mentioned by Market Research Future (MRFR). It is slated to grow at a CAGR of 9.14% during the forecast period between 2019 and 2023.
Electronic components in vehicles are a growing commonality as fuel efficiency has grown in importance. The rapid rise in demand for highly fuel-efficient vehicles is expected to drive the global market. Electronic components help save fuel as they are not reliant on fuel for function. Moreover, there is a high demand for electric vehicles due to the widespread concern for the environment and the growing demand for transportation solutions which use clean energy.
The rising use of electronics components in vehicles, increasing number of government regulations concerning the installation of various safety technologies, and the rising demand for electric vehicles are all projected to drive the demand for the global Automotive Terminals market. With the automotive industry transforming from being driven by hardware to software, a growth of the market is noticed. The increasing growth percentage of autonomous and semi-autonomous vehicles is expected to ease down the new revenue generation for the manufacturers operating in the Automotive Terminals market. However, concerns related to designing and long-term reliability feature are some of the major challenges to the global Automotive Terminals market.
On the other hand, factors such as design concerns and long-term reliability feature for the high voltage terminals are posing challenges for the market growth. Also, developing a terminal that is used for handling vibration in the vehicles is challenging the manufacturers.
Nevertheless, the improvements brought about in these terminals driven by the substantial investments made in the research and development activities will support the market growth over the forecast period.
Automotive Terminals Market Segmentation:
The global Automotive Terminals market segmentation is based upon the following key dynamics: vehicle type, current rating, and application.
By vehicle type, the market is segmented into passenger and commercial vehicles.
By current rating, the market segments into 50-100 Ampere, less than 50 Ampere, and more than 10 Ampere.
By application, the market comprises safety & security, body control & interiors, lighting system, cooling, infotainment, engine & emission control, and battery system. As per the last conducted study of the market, the battery system segment held the highest percentage. In the coming years of the forecast period, the segment is expected to remain atop of the global market and grow at a massive pace.
Automotive Terminals Market Regional Analysis:
The Asia Pacific region dominates the Market For Automotive Terminals Market with the largest market share. The presence of some long-established automakers fosters the market growth in the region. The burgeoning automotive sector in the region provides a strong base for significant development, witnessing exceeding sales. Furthermore, government regulations pertaining to the safety devices in the vehicles drive the Automotive Terminals market in the region.
Elsewhere, the North American market is a key region in the global landscape and boasts an impressive potential for the forecast period. Herein, the increasing sale percentage of self-driving vehicles and a rising demand for next-gen vehicles is expected to push the growth of the regional market. Lastly, in Europe, the region is anticipated to garnet moderate growth over the forecast period. The emergence of various new regulations by the government and an increasing awareness concerning the advanced safety technologies in vehicles are some of the key factors driving the Automotive Terminals market in Europe.
The European region backed by the well-established automotive industry accounts for the second-largest market for the Automotive Terminals. The presence of a huge number of giant automakers in the region is the main driving force pushing up the market growth. The resurging economy is undoubtedly acting as a key driving growth force, increasing consumers’ purchasing power. Furthermore, the leading automotive technology providers in this region drive the market growth to an extent.
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Terminals Market, By Current Rating
5.1 Introduction
5.2 Below 50 Ampere
5.2.1 Market Estimates & Forecast, 2018-2023
5.2.2 Market Estimates & Forecast By Region, 2018-2023
5.3 50-100 Ampere
5.3.1 Market Estimates & Forecast, 2018-2023
5.3.2 Market Estimates & Forecast By Region, 2018-2023
5.4 Above 100 Ampere
5.4.1 Market Estimates & Forecast, 2018-2023
5.4.2 Market Estimates & Forecast By Region, 2018-2023
6 Global Automotive Terminals Market, By Vehicle
6.1 Introduction
6.2 Passenger Vehicle
6.2.1 Market Estimates & Forecast, 2018-2023
6.2.2 Market Estimates & Forecast By Region, 2018-2023
6.3 Commercial Vehicle
6.3.1 Market Estimates & Forecast, 2018-2023
6.3.2 Market Estimates & Forecast By Region, 2018-2023
7 Global Automotive Terminals Market, By Application
7.1 Introduction
7.2 Body Control & Interiors
7.2.1 Market Estimates & Forecast, 2018-2023
7.2.2 Market Estimates & Forecast By Region, 2018-2023
7.3 Safety & Security
7.3.1 Market Estimates & Forecast, 2018-2023
7.3.2 Market Estimates & Forecast By Region, 2018-2023
7.4 Cooling, Engine & Emission Control
7.4.1 Market Estimates & Forecast, 2018-2023
7.4.2 Market Estimates & Forecast By Region, 2018-2023
7.5 Infotainment
7.5.1 Market Estimates & Forecast, 2018-2023
7.5.2 Market Estimates & Forecast By Region, 2018-2023
7.6 Lighting System
7.6.1 Market Estimates & Forecast, 2018-2023
7.6.2 Market Estimates & Forecast By Region, 2018-2023
7.7 Battery System
7.7.1 Market Estimates & Forecast, 2018-2023
7.7.2 Market Estimates & Forecast By Region, 2018-2023
8 Global Automotive Terminals Market, By Region
Continued…
List of Tables:
Table 1 Global Automotive Terminals Market: By Region, 2018-2023
Table 2 North America Automotive Filters Market: By Country, 2018-2023
Table 3 Europe Automotive Filters Market: By Country, 2018-2023
Table 4 Asia Pacific Automotive Filters Market: By Country, 2018-2023
Table 5 RoW Automotive Filters Market: By Country, 2018-2023
Table 6 Global Automotive Terminals Market, By Current Rating, By Regions, 2018-2023
Table 7 North America Automotive Filters Market, By Current Rating, By Country, 2018-2023
Table 8 Europe Automotive Filters Market, By Current Rating, By Country, 2018-2023
Table 9 Asia Pacific Automotive Filters Market By Current Rating, By Country, 2018-2023
Table 10 RoW Automotive Filters Market By Current Rating, By Country, 2018-2023
Continued…
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive Terminals Market SHARE, By Current Rating, 2017 (%)
FIGURE 9 Global Automotive Terminals Market, By Current Rating, 2018-2023 (USD MILLION)
Continued…
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