Infinium Global Research Automotive Connectors Market | Page 8

Automotive Connectors Market: Global Industry Analysis, Trends, Market Size and Forecasts
Up To 2023
participants typically includes managers and CXO level executives of theleading players in
this market. The primary interviews not only help identify the market size of the
automotive connectorsmarket but also identify the factors that promote the growth in the
market and the factors that restrain the growth in this market. The views of primary
respondents were reconciled to provide qualitative analysis of the automotive
connectorsmarket. The primary respondents also help identifying top 5-10 players and their
possible market share in the respective country markets and in world market. The bottom-
up approach is used to validate the global market size of automotive connectors. With the
help of primary interviews and secondary research the market size of automotive
connectorsis determined for each country studied, which then is added to arrive at regional
market size and thereby obtaining global market size. This in turn helps us to validate the
market size of automotive connectorsin the world market.
Executive Summary
Global Automotive connectors Market Highlights, (USD Million, )
The global automotive connectorsmarket is expected to grow at a CAGR of 6.5 % between
2017 and 2023 in terms of value.
An automotive connector is device that joins electrical terminations to form a circuit.
Automotive safety systems used in seatbelts, airbags, and brakes require a connection
system comprising a retainer and safety restraint system connector. The automotive
connectors market has major applications in the power train system followed by safety and
infotainment systems. Rising demand for automotive safety is anticipated to drive
automotive connector market. Additionally, increase in number of electrical components in
vehicles such as safety demonstration systems is likely to fuel the automotive connector
market over the forecast period. However, reliability and durability concerns are some
factors that restrain the growth of the automotive con