Automotive Terminal Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 10.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Terminal Market Analysis
The Automotive Terminal Market is anticipated to register a CAGR of about 10%, during the forecast period (2020 - 2025).
- The major factors that will drive the market growth during the forecast period are the increasing number of automobile production and sales along with an increased number of electrical systems in them and the government mandates for automotive safety systems.
- The automobiles sales are expected to come back to the growth track after a dip in the year 2019. The year 2020 is expected to be transitional for the automotive industry but the sales numbers are likely to go down further due to the COVID-19 outbreak. However, post-2020, it is expected that automobile sales will grow with a CAGR of around 8 % during the forecast period.
- The introduction of various electrical systems in various vehicle applications such as infotainment, lighting system, battery system, security system, etc., will drive the growth of the market.
Automotive Terminal Market Trends
This section covers the major market trends shaping the Automotive Terminal Market according to our research experts:
Growing Demand for More Electrified Features Driving the Market Growth
Increase in number of electrical features in the vehicle and demand for electric vehicles will drive the growth for automotive terminal market during the forecast period. The rise in demand for luxurious and comfort features in the vehicles have increased the demand for electric systems in the vehicle. Features like safety and security system, infotainment system, lighting system, body control and interiors systems etc. As electric content in cars has increased steadily in the last two decades, vehicle electronics has become a key product differentiator for automakers in recent years. In developing countries, the adoption of advanced safety features in vehicles is fueled largely by the regulatory bodies and consumer interest. With increasing adoption of advanced safety features, the number of electronic devices increasing in the vehicle. Also, cameras and other security sensors required terminals which are connecting to the battery packs in vehicles. With increasing electric features in vehicles, the demand for terminals are likely to grow in the global market during the forecast period.
Asia Pacific Captures Major Market Share
The region accounts for almost 60% of world's population and major developing economies of the world like China and India. During the forecast period these economies are expected to grow much faster owing to the activities in construction, transportation, industrialization etc. This will increase the demand for automobiles in the region during the forecast period. Governments in Asia-Pacific have been focusing on to mandate some of the new active and passive safety features of vehicles and other electrical features, which in turn will drive the growth of automotive terminal market in the region in the coming years.
Automotive Terminal Industry Overview
The Automotive Terminal market is highly fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the automotive terminal market are TE Connectivity, Lear, Delphi, and Molex. Companies are investing heavily in research and development for the innovation of new and advanced products.
In March 2020, TE Connectivity completed its public takeover of First Sensor AG, with TE holding 71.87% shares of First Sensor. The acquisition will combine First Sensor's and TE's portfolios, allowing TE to provide a broader range of products, including innovative sensors, connectors, and systems that support its own growth strategy. They will be able to serve a wider customer base and increase the market share significantly.
In September 2018, TE introduced new terminal design which reduces the insertion force required by workers during installation and assembly of vehicles. As, modern automotive ECUs requires more than 300 electrical connections. Populating these connectors manually requires a good deal of force and physical effort from assembly line workers. Over time, this could lead to repetitive strain injury and loss of working time.
Automotive Terminal Market Leaders
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TE Connectivity
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Lear
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Delphi
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Molex
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PKC group
*Disclaimer: Major Players sorted in no particular order
Automotive Terminal Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Infotainment System
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5.1.2 Light System
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5.1.3 Battery System
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5.1.4 Others
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5.2 Vehicle Type
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5.2.1 Passenger
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5.2.2 Commercial
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Rest of North America
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Rest of Europe
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5.3.3 Asia Pacific
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5.3.3.1 India
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5.3.3.2 China
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5.3.3.3 Japan
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5.3.3.4 South Korea
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5.3.3.5 Rest of Asia-Pacific
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5.3.4 Rest of the World
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5.3.4.1 Brazil
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5.3.4.2 United Arab Emirates
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5.3.4.3 Other Countries
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Company Profiles
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6.2.1 TE Connectivity
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6.2.2 Lear
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6.2.3 Delphi
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6.2.4 Molex
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6.2.5 PKC group
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6.2.6 Viney Corporation
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6.2.7 Furukawa Electric
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6.2.8 Grote industries
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6.2.9 Keats
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6.2.10 Sumitomo Electric
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automotive Terminal Industry Segmentation
The Automotive Terminal Market covers the latest trends and technological developments, as well as provides an analysis of the market demand on various segments like application type and vehicle type. Regional and country-level analysis, as well as the market share of major automotive terminal suppliers across the globe, will be covered in the scope of the report.
| Application | |
| Infotainment System | |
| Light System | |
| Battery System | |
| Others |
| Vehicle Type | |
| Passenger | |
| Commercial |
| Geography | |||||||
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Automotive Terminal Market Research FAQs
What is the current Automotive Terminal Market size?
The Automotive Terminal Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Automotive Terminal Market?
TE Connectivity, Lear , Delphi , Molex and PKC group are the major companies operating in the Automotive Terminal Market.
Which is the fastest growing region in Automotive Terminal Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Terminal Market?
In 2024, the Asia Pacific accounts for the largest market share in Automotive Terminal Market.
What years does this Automotive Terminal Market cover?
The report covers the Automotive Terminal Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Terminal Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Terminal Industry Report
Statistics for the 2024 Automotive Terminal market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Terminal analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Automotive Terminal Report Snapshots
