Infinium Global Research Automotive Connectors Market | Página 3

Automotive Connectors Market: Global Industry Analysis, Trends, Market Size and Forecasts
Up To 2023
Introduction
Report Description
The global Automotive Connectors Market was sized near USD 5.5 billion in terms of value
and x.x in 2016. The global automotive connectorsmarket is projected to grow with a CAGR
of 6.5% during 2017-2023. 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 connector market.
This report estimates the market size of automotive connectorsmarket in terms of value
(USD million) over the period of 2015 to 2023.The year 2015 is considered to be a base
year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes
for automotive connectorsmarket in numerous applications are estimated in terms of
value. This market research study provides detailed qualitative and quantitative analysis of
the
global
automotive
connectorsmarket.
Additionally,
the
report
provides
a
comprehensive review of the major market drivers, restraints, opportunities in the global as
well as regional markets of automotive connectorsmarket. The market analysis covers
major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the
World (RoW). The market size and forecasts are also given for these regions. Countries with
major market revenues are covered for each of the region.
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