Global Automotive Terminal market is expected to grow with a CAGR 9.14% by 2023. The report for Global Automotive Terminal Market comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
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Automotive Terminal Key Players Competitive Landscape Analysis:
The key players in Automotive Terminal market are TE Connectivity Ltd. (Switzerland), Sumitomo Electric Industries, Ltd. (Japan), Delphi Plc (U.K), Lear Corporation (U.S.), and Furukawa Electric Co., Ltd. (Japan). PKC Group (Finland), Molex, LLC (U.S.), Grote Industries (U.S.), Keats Manufacturing Co. (U.S.), and Viney Corporation Limited (India) are among others. These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. Competition in the Automotive Terminal market is heating up. As these key players are increasingly investing towards the development of new technology.
Automotive Terminals are an electronic or electromechanical device that is used to connect load or charger with the cell or batteries. Automotive terminals come in various sizes, specifications, and designs. Terminal designs and sizes also depend on the end-use in the automobiles. A terminal is fitted at the end of the wire either with a fastener or connector. The terminal connection can either be temporary or permanent.
Rise in use of electronics components in vehicles, increase in demand for electric vehicles, and government regulation regarding the installation of safety technologies to grow the demand for the automotive terminal market. The automotive industry is transforming from a hardware driven to software driven. There is a massive growth in the use of electronics components per vehicle, which influences the growth of the market in terms of value and volume. Increased concerns regarding energy efficient vehicles will create opportunities in the market by increasing the demand for terminals in the vehicle. Moreover, the increased growth of autonomous and semi-autonomous vehicle will ease new revenue generation for the manufacturers in the automotive terminal market. However, design concerns and long-term reliability feature for the high voltage terminals are major challenges in the market. The development of terminals that are used for handling vibration in the vehicles will be the major concern for manufacturers.
Global automotive terminal market is segmented into current rating, vehicle type, application, and region. On the basis of current rating segment, the market has been segmented into less than 50 Ampere, 50-100 Ampere, and more than 100 Ampere. On the basis of vehicle type segment, the market has been segmented into passenger vehicle and commercial vehicle. On the basis of application, the market has been segmented into Body Control & Interiors, Safety & Security, Cooling, Engine & Emission Control, Infotainment, Lighting System, and Battery System. Battery system will hold the largest market share in the base year and continue to grow over the forecast period.
Geographically, the global automotive terminal market has been divided into four major regions of North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific will hold the largest market share in terms of value and volume owing to development in infrastructure, increased vehicle sales, and government regulations regarding safety devices in the vehicles. Asia Pacific will grow at the highest growth rate during the forecast period followed by North America and Europe.
List of Tables:
Table 1 Global Automotive Terminal Market: By Region, 2018-2023
Table 2 North America Automotive Filters Market: By Country, 2018-2023
Table 3 Europe Automotive Filters Market: By Country, 2018-2023
Table 4 Asia Pacific Automotive Filters Market: By Country, 2018-2023
Table 5 RoW Automotive Filters Market: By Country, 2018-2023
Table 6 Global Automotive Terminal Market, By Current Rating, By Regions, 2018-2023
Table 7 North America Automotive Filters Market, By Current Rating, By Country, 2018-2023
Table 8 Europe Automotive Filters Market, By Current Rating, By Country, 2018-2023
Table 9 Asia Pacific Automotive Filters Market By Current Rating, By Country, 2018-2023
Table 10 RoW Automotive Filters Market By Current Rating, By Country, 2018-2023
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive Terminal Market SHARE, By Current Rating, 2017 (%)
FIGURE 9 Global Automotive Terminal Market, By Current Rating, 2018-2023 (USD MILLION)
FIGURE 10 Global Automotive Terminal Market SHARE, By Vehicle, 2017 (%)
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