PUBLISHER: The Insight Partners | PRODUCT CODE: 1784603
PUBLISHER: The Insight Partners | PRODUCT CODE: 1784603
The Asia Pacific automotive board to board connector market size is expected to reach US$ 1,800.58 million by 2031 from US$ 998.67 million in 2023. The market is estimated to record a CAGR of 7.6% from 2023 to 2031.
Executive Summary and Asia Pacific Automotive Board to Board Connector Market Analysis:
The automotive board to board connectors market in Asia Pacific (APAC) is experiencing robust growth, driven by a combination of technological advancements, the rapid expansion of electric vehicle (EV) adoption, and increasing consumer demand for advanced automotive features. One of the most significant market drivers in the APAC is the accelerating adoption of EVs. Countries such as China, Japan, South Korea, and India are at the forefront of EV production and sales. According to the Automobile Inspection and Registration Information Association (Japan), the number of passengers EVs in Japan increased from 138,330 units in 2022 to 162,390 units in 2023, reflecting a significant surge in EV sales. As governments in these nations implement stricter environmental regulations and offer incentives for EV purchases, automakers are increasingly integrating advanced electrical systems to meet new performance and efficiency standards. Board to Board Connectors are critical for ensuring reliable power distribution and seamless data transmission between various components, including battery management systems, power inverters, electric drivetrains, and charging interfaces. The rising number of EVs on roads is driving the demand for these high-performance connectors.
Asia Pacific Automotive Board To Board Connector Market Segmentation Analysis:
Key segments that contributed to the derivation of the Automotive board to board connector market analysis are type, application, pitch, and number of pin.
By type, the automotive board to board connector market is segmented into pin headers (stacked headers and shrouded headers), sockets, floating connector, and card edge connector source. The pin header held the largest share of the market in 2023.
By application, the automotive board to board connector market is segmented into powertrain control systems, infotainment and navigation systems, advanced driver assistance systems, electric vehicles and hybrid vehicle systems, lighting control systems, autonomous vehicles, and others. The powertrain control system held the largest share of the market in 2023.
By pitch, the automotive board to board connector market is segmented into less than 1 mm, 1-2 mm, and more than 2 mm. 1-2 mm held the largest share of the market in 2023. By number of pin, the automotive board to board connector market is segmented into 2-12 Pin, 13-30 Pin, 31-50 Pin, 51-100 Pin, and 100+ Pin. The 2-12 Pin held the largest share of the market in 2023.
Asia Pacific Automotive Board To Board Connector Market Outlook
Automotive IoT is a critical component of connected automobile technology, allowing cars to communicate with other vehicles, pedestrians, and road infrastructure, among others, resulting in improved road safety and traffic efficiency. This necessitates high-speed data transmission to handle the growing volume of information efficiently. Automotive Board to Board Connectors play a crucial role in facilitating this rapid data flow.
The need for automotive Board to Board Connectors to facilitate interconnection between devices, sensors, and edge computing modules is expected to propel by the growing usage of IoT devices and edge computing solutions. This provides low power consumption and secure connections for IoT and edge computing applications. Automotive Board to Board Connectors allow processing units, actuators, and sensors to be connected, facilitating effective data transfer and decision-making at the network's edge. Thus, the IoT, along with other disruptive technologies, is expected to transform the automotive industry and create lucrative opportunities during the forecast period
Asia Pacific Automotive Board To Board Connector Market Country Insights
Based on country, the Asia Pacific automotive board to board connector market comprises China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China held the largest share in 2023.
China is the largest EV market in the world. The government's strong push for green energy solutions through incentives, subsidies, and stricter emissions regulations is accelerating EV adoption. According to the Ministry of Public Security (China), the country registered 13.1 million new EVs in 2022, accounting for 4.1% of total vehicle sales. This marks a 67.13% increase compared to the 7.84 million EVs sold in 2021. As automakers focus on expanding their EV offerings, there is a rising demand for high-performance, reliable connectors to facilitate critical functions such as battery management systems, power inverters, charging infrastructure, and electric drivetrains. Board to Board Connectors are essential in ensuring efficient power distribution and data communication across these complex systems, fueling the market growth.
Asia Pacific Automotive Board to Board Connector Market Company Profiles
Some of the key players operating in the market include Amphenol Corp; GREENCONN Co., Ltd; Yamaichi Electronics Co., Ltd; Molex LLC; Japan Aviation Electronics Industry, Ltd; Hirose Electric Co Ltd; Samtec Inc; KYOCERA Corporation; ENNOVI Holdings Pte. Ltd; and CSCONN Corporation, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
Asia Pacific Automotive Board To Board Connector Market Research Methodology :
The following methodology has been followed for the collection and analysis of data presented in this report:
Secondary Research The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Company websites , annual reports, financial statements, broker analyses, and investor presentations. Industry trade journals and other relevant publications. Government documents , statistical databases, and market reports. News articles , press releases, and webcasts specific to companies operating in the market. Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Primary Research The Insight Partners' conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:
Validate and refine findings from secondary research. Enhance the expertise and market understanding of the analysis team. Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects. Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
Industry stakeholders : Vice Presidents, business development managers, market intelligence managers, and national sales managers External experts : Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise