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The automotive and technology landscape is undergoing a transformative shift, with major industry players such as AB Volvo, Apple Inc., Baidu Inc., BMW AG, Daimler AG, Nvidia Corporation, Delphi Automotive PLC, Ford Motor Company, General Motors Company, and Google heavily investing in the development of autonomous vehicles. These companies recognize the potential of autonomous driving technology and are striving to be at the forefront of this revolution. Notably, Robert Bosch GmbH took a significant step forward in 2017 by entering into an agreement with Mercedes to jointly develop level 4 (high automation) and level 5 (full automation) cars.
The primary objective behind the development of autonomous vehicles is to enhance safety, reduce accidents, and ultimately save lives. However, as these advanced vehicles become more integrated into our daily lives, concerns about the security of semi-autonomous and autonomous vehicles are escalating. The critical challenge lies in ensuring the reliability and safety of these vehicles, even in the face of system malfunctions or external attacks. Consequently, the need for robust security measures to protect autonomous vehicles from potential cyber threats is becoming increasingly evident.
One of the major cybersecurity risks associated with semi-autonomous and autonomous vehicles stems from their reliance on external networks. Unlike conventional vehicles, autonomous vehicles must actively communicate with various smart systems embedded in urban traffic infrastructure. These external networks provide a gateway for potential hackers to exploit vulnerabilities in the vehicle's internal network. As a result, the security of autonomous vehicles is emerging as a paramount concern within the automotive and technology sectors.
To address these cybersecurity challenges and ensure the safe integration of autonomous vehicles on the roads, significant advancements are required in vehicle security. The market for vehicle security is poised for substantial growth, propelled by the increasing sales and adoption of semi-autonomous and autonomous vehicles. As these vehicles become more prevalent, the demand for sophisticated security solutions will witness a concurrent rise.
The forecasted period anticipates promising growth opportunities for the global vehicle security market, driven by the escalating demand for autonomous driving technology. Manufacturers and technology providers are expected to focus on developing cutting-edge security systems that can withstand potential cyber threats and safeguard the integrity of autonomous vehicles.
The collaboration between automotive and technology companies is likely to play a pivotal role in shaping the future of vehicle security. Partnerships, such as the one between Robert Bosch GmbH and Mercedes, signify a collective effort to address the multifaceted challenges associated with autonomous driving. By combining expertise and resources, these collaborations aim to accelerate the development of secure and reliable autonomous vehicles.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Increase in electrification in vehicles |
| Market Dynamics | The rise in the security needs in the automobile |
Automotive Connectors Market Highlights:
Automotive Connectors Market Overview
Automotive Connectors Market Size was valued at USD 10.28 billion in 2023. The Automotive Connectors market is projected to grow from USD 11.1 Billion in 2024 to USD 20.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.0% during the forecast period (2024 - 2032). The increase in electrification of vehicles and the rise in the security needs in the automobile are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Automotive Connectors Market Trends
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Increasing safety and security concerns are driving the market growth
Increasing safety and security concerns and government initiatives to enhance security drive the market CAGR growth. Vehicle security is also a major concern for vehicle manufacturers and governments. The manufacturers are installing advanced security features and investing in dedicated electronic units in the vehicle system, including a power train, braking, and steering. The demand for electric control units has increased in the past few years. Also, increasing security features such as central locking and airbags contributed to the market growth. From running GPS to distributing the power, the Automotive Connectors play a crucial role in the vehicle's functioning and many features. Even the slightest malfunctioning in the connectors can lead to big problems; as a result, the automakers are using high-quality connectors, which will drive the market. The rising demand for automotive sectors and increasing per capita income of people are also driving the Automotive Connectors Industry. According to the census data, America's motor vehicle manufacturers reported $344.4 billion in automotive industry shipments, $5.7 billion in total capital spending, and $261.7 billion in cost of materials in 2016.
Additionally, increasing environmental concerns, the demand for electric vehicles is increasing. And to reduce carbon emissions, governments are taking many steps and promoting electric vehicles that will generate opportunities for the market. Demand for automotive wire harnesses and connectors has increased around the world. A plastic optical fiber (POF) replaces automobile copper connections to boost data transfer and design flexibility while reducing overall vehicle weight. Automotive connectors are required for POF to function properly. In addition, memory and data storage interfaces are used in sophisticated automotive systems to support Wi-Fi networks in automated vehicles. This and the growing popularity of hybrid automobiles propel the market forward. Adaptive front lighting, cruise control, park assistance, departure warning systems, as well as the use of machine learning in self-driving vehicles are projected to drive the market in the future years. Connector demand has increased as vehicle electrification has increased across all vehicle categories. Furthermore, rising public awareness of environmentally friendly mobility has resulted in a drop in electric vehicle sales and increased Automotive Connectors market revenue.
Automotive Connectors MarketSegment Insights
Automotive Connectors Connection Type Insights
The Automotive Connectors Market segmentation, based on connection type includes Wire-to-Wire, Wire-to-Board, and Board-to-Board. The wire-to-board segment is expected to register a CAGR of 6.3% over the forecast period. These transfer commands from electronic devices to PCB and vice versa. The other segment includes board-to-board connectors and is used to connect two or more printed circuit boards. The wire-to-board segment is expected to register a CAGR of 6.3% over the forecast period. These transfer commands from electronic devices to PCB and vice versa. The other segment includes a board to board connectors, which connect two or more printed circuit boards.
April 2021 TactoTek and Amphenol ICC announced that they were collaborating to develop automotive-grade in-mold connectors for TactoTek IMSE technology. Amphenol ICC will bring new technology products to customers with transformational technologies like TactoTek’s IMSE combined with Amphenol ICC’s automotive-grade MicroSpace connector platform and Duflex crimp technology.
March 2021 KYOCERA launched 0.4mm-Pitch 8152 series electronic connectors for automotive applications. It conforms to the high-speed transmission standard MIPI D-PHY (2.5 Gbps), PCI Express Gen2 (5Gbps), and Gen3 (8Gbps). The frame is shielded for a robust design and EMI reduction suitable for demanding automotive applications.
Automotive Connectors System Type Insights
Based on system type, the Automotive Connectors Market segmentation includes sealed, unsealed connector Systems. The sealed segment will dominate the market during the forecast period. Sealed connectors provide better protection against moisture, dust, and other environmental factors that can lead to corrosion and damage. This is particularly important in the automotive industry where connectors are exposed to harsh conditions such as high temperatures, vibration, and exposure to chemicals. In addition, the increasing demand for electric and hybrid vehicles is also driving the growth of the sealed connector system segment.
Figure 1: Automotive Connectors Market, by System Type, 2024 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Automotive Connectors Application Insights
The Automotive Connectors Market segmentation, based on application includes body control & interiors, engine control & cooling systems, safety, security systems, and others. The safety and security segment dominated the market with a share of over 26.0% in 2022. Advancements in technology have introduced many new safety features in vehicles, such as adaptive cruise control, adaptive front lighting, lane departure warning, and park assistance. Such functions require many sensors, electronic components, and ECUs. Various types of connectors are used to establish reliable connectivity between these components. Moreover, introducing machine learning and V2V communication has enhanced vehicle safety.
Automotive Connectors Vehicle Type Insights
Based on vehicle type, the Automotive Connectors Market segmentation includes passenger cars, commercial vehicles. The passenger car segment dominated the market. Increasing sales of cars in developing countries such as India and China is anticipated to boost the market growth. The commercial vehicles segment includes large trucks, buses, and light commercial vehicles. This segment is expected to witness exponential growth by 2025, fueled by increased stringency in safety regulations for commercial vehicles.
Automotive Connectors Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific Automotive Connectors Market area will dominate this market; this Region is one of the biggest export hubs for different automotive parts due to low-cost labor, availability of raw materials, and advanced manufacturing facilities will boost the market growth in this Region. Moreover, China’s Automotive Connectors market held the largest market share, and the Indian Automotive Connectors market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Global Automotive Connectors Market Share By Region 2024 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Automotive Connectors market accounts for the second-largest market share due to the advanced driver assistant systems. The European Union has made it mandatory to use safety features in vehicles. Further, the German Automotive Connectors market held the largest market share, and the UK Automotive Connectors market was the fastest-growing market in the European Region.
North America is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the rise in automobile security needs and the increase in vehicle electrification.
Automotive Connectors Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the automotive connectors market, grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The automotive connectors industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Automotive Connectors industry to benefit clients and increase the market sector. In recent years, the Automotive Connectors industry has offered some of the most significant advantages to the automobile industry. Major players in the Automotive Connectors market, including E Connectivity (Switzerland), Delphi Automotive (UK), Yazaki Corporation (Japan), Sumitomo Electric (Japan), Japan Aviation Electronics Industry (Japan), Amphenol Corporation (US), Hirose Electric Co., Ltd (Japan), Hu Lane Associates Inc. (Taiwan), Korea Electric Terminal Co. Ltd (South Korea), and Kyocera Corporation (Japan) Increase in electrification in vehicles and others, are attempting to increase market demand by investing in research and development operations.
Amphenol is one of the largest manufacturers on the planet you've never heard of. Founded in 1932 and headquartered in Connecticut, Amphenol is a Fortune 500 company with over 80,000 employees worldwide. Our products are a key ingredient in the electronic devices you use daily. From the cell phone in your pocket and the car you drive to the network equipment behind your favorite app and website, Amphenol products are everywhere.TactoTek and Amphenol ICC collaborated to develop automotive-grade in-mold connectors for TactoTek IMSE technology. Amphenol ICC will bring new technology products to customers with transformational technologies like TactoTek's IMSE combined with Amphenol ICC's automotive-grade MicroSpace connector platform and Duflex crimp technology.
Kyocera Corporation is a Japanese multinational ceramics and electronics manufacturer headquartered in Kyoto, Japan. It was founded as Kyoto Ceramic Company, Limited in 1959 by Kazuo Inamori and renamed in 1982. KYOCERA launched 0.4mm-Pitch 8152 series electronic connectors for automotive applications. It conforms to the high-speed transmission standard MIPI D-PHY (2.5 Gbps), PCI Express Gen2 (5Gbps), and Gen3 (8Gbps). The frame is shielded for a robust design and EMI reduction suitable for demanding automotive applications.
Key Companies in the automotive connectors market include
- E Connectivity (Switzerland)
- Delphi Automotive (UK)
- Yazaki Corporation (Japan)
- Sumitomo Electric (Japan)
- Japan Aviation Electronics Industry (Japan)
- Amphenol Corporation (US)
- Hirose Electric Co. Ltd (Japan)
- Hu Lane Associates Inc. (Taiwan)
- Korea Electric Terminal Co. Ltd (South Korea)
- Kyocera Corporation (Japan)
Automotive Connectors Industry Developments
Nov 2022 Molex Incorporated (Molex), a manufacturer of automotive connector systems, announced the expansion of its Guadalajara, Mexico, site and established a second plant. The company will increase production capacity for parts used in electric vehicles (EVs) to meet rising demand.
Apr 2022 Aptiv PLC (Aptiv) reported that its smart plant in Anting, Jiading District, Shanghai, is still operating, with roughly 80% of its production capacity through "closed-loop" manufacturing. The connector plant of Aptiv manufactures high-voltage power distribution units, EV chargers, high-voltage charging sockets, high-voltage connectors, special wire harnesses, and automotive electronics like wireless charging and multimedia interfaces to connector system products like plug-ins, seals, terminals, and plastic housings.
Mar 2022 Morocco's Ministry of Industry and Trade signed eight investment agreements totaling MAD 1.7 billion with international automotive suppliers Yazaki, Sumitomo, Lear, Stahlschmidt, and TE Connectivity, creating nearly 12,000 direct jobs. The eight investment agreements are part of the cabling ecosystem's development of deep integration and move upmarket via the localization of connectors, terminals, cables for electric vehicles, plastic parts, and other precision mechanics and automation trades.
Automotive Connectors Market Segmentation
Automotive connectors Connection Type Outlook
- Wire-to-Wire
- Wire-to-Board
- Board-to-Board
Automotive connectors System Type Outlook
- Sealed
- Unsealed Connector System
Automotive connectors Application Outlook
- Body Control & Interiors
- Engine Control & Cooling System
- Safety and Security System
- Others
Automotive connectors Vehicle Type Outlook
- Passenger Car
- Commercial Vehicle
Automotive connectors Regional Outlook
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
Rest of the World
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Middle East
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Africa
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Latin America
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