Transportation

According to a market report by Lucintel, the future of the automotive and transportation connector market looks promising with opportunities in comfort, convenience, and entertainment (CCE), powertrain, safety and security, body wiring & power distribution, and navigation & instrumentation applications. The global automotive and transportation connector market is expected to reach an estimated $20.4 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are increasing demand for advanced safety and security features in vehicles and growing number of electric vehicles (EVs).



In this market, printed circuit boards (PCB), integrated circuits, radio frequency, and fiber optics are the major segments by product. Lucintel forecasts that fiber optics will remain the product segment with the highest growth over the forecast period owing to their high bandwidth. Also, they help in addressing safety issues. 



Within this market, safety and security is expected to remain the largest application segment due to the increasing demand for safety features in automobiles, such as adaptive cruise control, adaptive front lighting, lane departure warning, and parking assistance that assist drivers, prevent road accidents, and provide high level of security. 



APAC will remain the largest region due to rising disposable income, growing demand for electric vehicles, and expanding automotive manufacturing in the region.

TE Connectivity, YAZAKI, Aptiv, Sumitomo Wiring, and Molex are the major suppliers in the global automotive and transportation connector market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive and transportation connector market by product, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive and Transportation Connector Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive and transportation connector market by product, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global automotive and transportation connector market by product (printed circuit boards (PCB), integrated circuits, radio frequency, and fiber optics), application (comfort, convenience, and entertainment (CCE), powertrain, safety and security, body wiring & power distribution, and navigation & instrumentation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?