Automotive Electrical Connectors Market

Description

The automotive electrical connectors market is expected to grow from US$ 1.79 Billion in 2024 to US$ 3.11 Billion by 2031, with a projected CAGR of 8.2% from 2031 to 2031. A significant trend driving this market is the increased investment in the research and development of battery systems.

Analysis of the Automotive Electrical Connectors Market

The global shift towards electrification in transport infrastructure and vehicles is anticipated to boost the demand for automotive electrical connectors, thereby propelling market growth in the upcoming years. Additionally, enhancements in power distribution architecture are expected to further stimulate the growth of the automotive electrical connectors market throughout the forecast period. The rising demand for electric and hybrid electric vehicles is also likely to present opportunities for key players in the market from 2024 to 2031.

Overview of the Automotive Electrical Connectors Market

The ecosystem of the automotive electrical connectors market includes various stakeholders such as raw material suppliers, connector manufacturers, OEMs, and end users. Raw material suppliers provide essential materials like copper, nickel, and silver, along with smaller components ranging from screws to enclosures. Connector manufacturers engage in processes like design, assembly, and production to convert raw materials into finished products. Leading manufacturers in this sector include INTERCABLE srl, Amphenol Corporation, and Rogers Corporation.

These companies supply a variety of products, including cable lugs, high-voltage busbars, battery clamps, and fuse boxes, to vehicle manufacturers and aftermarket clients. OEMs such as Volkswagen, Toyota, Volvo, Daimler, and Ford Motor Company procure these electrical connectors. The end-user market encompasses a wide range of customers, from individual vehicle owners to fleet operators. Additionally, automotive electrical connector manufacturers offer aftersales services for connector replacements in vehicles.

Strategic Insights

Drivers and Opportunities in the Automotive Electrical Connectors Market

Enhancing Power Distribution Architecture to Support Market Growth

Countries like the US, UK, and Germany are increasingly adopting electric vehicles. Companies in these developed regions are innovating high-voltage battery technologies to improve vehicle power and energy storage capabilities. Consequently, the demand for connectors that facilitate efficient power connections is rising, which is beneficial for market growth. New electrical products, including fuse boxes, cable lugs, and busbars, are being developed to enhance power distribution. The need for fuse boxes to ensure effective power distribution is driving their demand, thus propelling market growth.

For example, in April 2021, Eaton's eMobility division secured a contract to create Bussmann series fuses and power distribution units (PDUs) for vehicle manufacturers. These PDUs, also referred to as fuse boxes, are intended for a new battery-electric vehicle (BEV) designed for light-duty commercial use. Fuse boxes play a crucial role in transmitting battery power to vehicle components while providing circuit protection. The evolving power distribution architecture is generating demand for new fuse boxes, thereby fostering market growth.

Increasing Demand for Electric Vehicles

Various governments are implementing regulations to limit emissions from diesel and gasoline vehicles. As a result, vehicle manufacturers are increasingly focusing on producing plug-in hybrid vehicles, hybrid vehicles, and battery-electric vehicles. Vehicle emissions are a major source of global pollution, with cars, trucks, and buses being significant contributors. The superior efficiency of electric vehicles (EVs) compared to traditional diesel and natural gas vehicles is a key factor expected to drive the automotive electrical connectors market during the forecast period. Furthermore, governments in countries like the USA, UK, and Germany are offering subsidies to encourage the adoption of electric vehicles. Thus, the growing demand for electric vehicles is anticipated to create opportunities for key players in the automotive electrical connectors market from 2024 to 2031.

Segmentation Analysis of the Automotive Electrical Connectors Market

The automotive electrical connectors market analysis is segmented by type, vehicle type, and powertrain type:

By type, the market is categorized into cable lugs, battery clamps, high-voltage busbars, and fuse boxes, with the fuse boxes segment holding the largest market share in 2024.
By vehicle type, the market is divided into passenger cars, light commercial vehicles (LCV), and medium & heavy commercial vehicles (M&HCV), where the passenger cars segment accounted for the largest share in 2024.
By powertrain type, the market is split into internal combustion engine (ICE), electric vehicle (EV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV), with the internal combustion engine segment holding a significant market share in 2024.

Geographical Analysis of the Automotive Electrical Connectors Market

The geographical scope of the automotive electrical connectors market report is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The report covers North America (including the US, Canada, and Mexico), Europe (including Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (including South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), the Middle East & Africa (including South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South America (including Brazil, Argentina, and the Rest of South America). In terms of revenue, Asia Pacific led the automotive electrical connectors market share in 2024, followed by Europe and North America.

Scope of the Automotive Electrical Connectors Market Report

Recent Developments in the Automotive Electrical Connectors Market

The automotive electrical connectors market is assessed through qualitative and quantitative data collected from primary and secondary research, including significant corporate publications, association data, and databases. Some recent developments in the automotive electrical connectors market include:

ENNOVI, a mobility electrification company, launched the ENNOVI-Net automotive ethernet connector solution featuring press-fit interconnects, enhancing its product portfolio in this market. (Source: ENNOVI, Press Release, March 2024)
ETCO introduced connectors designed for electric vehicles that can withstand high vibrations, shocks, and extreme temperatures, used between battery packs and battery management systems. (Source: ETCO, Press Release, May 2022)

Coverage and Deliverables of the Automotive Electrical Connectors Market Report

The report titled "Automotive Electrical Connectors Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas:

Market size and forecast for automotive electrical connectors at global, regional, and country levels across all key segments.
Market trends and dynamics, including drivers, restraints, and key opportunities.
Detailed PEST and SWOT analysis.
Market analysis covering key trends, global and regional frameworks, major players, regulations, and recent developments.
Industry landscape and competition analysis, including market concentration, heat map analysis, prominent players, and recent developments in the automotive electrical connectors market.
In-depth company profiles.

Product Code: TIPRE00019916

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Automotive Electrical Connectors Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America and PEST Analysis
- 4.2.2 Europe and PEST Analysis
- 4.2.3 Asia-Pacific and PEST Analysis
- 4.2.4 Middle East and Africa and PEST Analysis
- 4.2.5 South America and PEST Analysis
4.3 Ecosystem Analysis

5. Automotive Electrical Connectors Market and Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Electrification of Vehicles
- 5.1.2 Improving Power Distribution Architecture
5.2 Market Restraints
- 5.2.1 Continuous Decline in Vehicle Production Volume
5.3 Market Opportunities
- 5.3.1 Rising Development in Battery Systems
5.4 Future Trends
- 5.4.1 Increasing Demand for Electric Vehicles
5.5 Impact Analysis of Drivers and Restraints

6. Automotive Electrical Connectors and Global Market Analysis

6.1 Global Automotive Electrical Connectors Market Overview
6.2 Global Automotive Electrical Connectors Market Revenue Forecast and Analysis
6.3 Market Positioning and Five Key Players

7. Automotive Electrical Connectors Market Revenue and Forecasts to 2031 and By Type

7.1 Overview
7.2 Automotive Electrical Connectors Market, by Type (2020 and 2031)
7.3 Cable Lugs
- 7.3.1 Overview
- 7.3.2 Cable Lugs: Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)
7.4 Battery Clamps
- 7.4.1 Overview
- 7.4.2 Battery Clamps: Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)
7.5 High Voltage Busbars
- 7.5.1 Overview
- 7.5.2 High Voltage Busbars: Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)
7.6 Fuse Boxes
- 7.6.1 Overview
- 7.6.2 Fuse Boxes: Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)

8. Automotive Electrical Connectors Market Analysis and Forecasts to 2031 and By Vehicle Type

8.1 Overview
8.2 Automotive Electrical Connectors Market, by Vehicle Type (2020 and 2031)
8.3 Passenger Vehicle
- 8.3.1 Overview
- 8.3.2 Passenger Vehicle: Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)
8.4 Light Commercial Vehicle (LCV)
- 8.4.1 Overview
- 8.4.2 Light Commercial Vehicle (LCV): Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)
8.5 Medium and Heavy Commercial Vehicle (M and HCV)
- 8.5.1 Overview
- 8.5.2 Medium and Heavy Commercial Vehicle (M and HCV): Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)

9. Automotive Electrical Connectors Market Analysis and Forecasts to 2031 and By Powertrain Type

9.1 Overview
9.2 Automotive Electrical Connectors Market, by Powertrain Type (2020 and 2031)
9.3 Internal combustion engine (ICE)
- 9.3.1 Overview
- 9.3.2 Internal Combustion Engine (ICE): Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)
9.4 Electric Vehicle (EV)
- 9.4.1 Overview
- 9.4.2 Electric Vehicle (EV): Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)
9.5 Plug-in Hybrid Electric Vehicle (PHEV)
- 9.5.1 Overview
- 9.5.2 Plug-In Hybrid Electric Vehicle (PHEV): Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)
9.6 Hybrid Electric Vehicle (HEV)
- 9.6.1 Overview
- 9.6.2 Hybrid Electric Vehicle (HEV): Automotive Electrical Connectors Market Revenue and Forecasts to 2031 (US$ Million)

10. Automotive Electrical Connectors Market and Geographic Analysis

10.1 Overview
10.2 North America: Automotive Electrical Connectors Market
- 10.2.1 North America: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.2.2 North America: Automotive Electrical Connectors Market, by Type
- 10.2.3 North America: Automotive Electrical Connectors Market, by Vehicle Type
- 10.2.4 North America: Automotive Electrical Connectors Market, by Powertrain Type
- 10.2.5 North America: Automotive Electrical Connectors Market, by Key Country
  - 10.2.5.1 US: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.2.5.1.1 US: Automotive Electrical Connectors Market, by Type
    - 10.2.5.1.2 US: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.2.5.1.3 US: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.2.5.2 Canada: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.2.5.2.1 Canada: Automotive Electrical Connectors Market, by Type
    - 10.2.5.2.2 Canada: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.2.5.2.3 Canada: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.2.5.3 Mexico: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.2.5.3.1 Mexico: Automotive Electrical Connectors Market, by Type
    - 10.2.5.3.2 Mexico: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.2.5.3.3 Mexico: Automotive Electrical Connectors Market, by Powertrain Type
10.3 Europe: Automotive Electrical Connectors Market
- 10.3.1 Europe: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.3.2 Europe: Automotive Electrical Connectors Market, by Type
- 10.3.3 Europe: Automotive Electrical Connectors Market, by Vehicle Type
- 10.3.4 Europe: Automotive Electrical Connectors Market, by Powertrain Type
- 10.3.5 Europe: Automotive Electrical Connectors Market, by Key Country
  - 10.3.5.1 France: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.1.1 France: Automotive Electrical Connectors Market, by Type
    - 10.3.5.1.2 France: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.3.5.1.3 France: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.3.5.2 Germany: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.2.1 Germany: Automotive Electrical Connectors Market, by Type
    - 10.3.5.2.2 Germany: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.3.5.2.3 Germany: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.3.5.3 Italy: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.3.1 Italy: Automotive Electrical Connectors Market, by Type
    - 10.3.5.3.2 Italy: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.3.5.3.3 Italy: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.3.5.4 UK: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.4.1 UK: Automotive Electrical Connectors Market, by Type
    - 10.3.5.4.2 UK: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.3.5.4.3 UK: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.3.5.5 Russia: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.5.1 Russia: Automotive Electrical Connectors Market, by Type
    - 10.3.5.5.2 Russia: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.3.5.5.3 Russia: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.3.5.6 Rest of Europe: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.3.5.6.1 Rest of Europe: Automotive Electrical Connectors Market, by Type
    - 10.3.5.6.2 Rest of Europe: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.3.5.6.3 Rest of Europe: Automotive Electrical Connectors Market, by Powertrain Type
10.4 APAC: Automotive Electrical Connectors Market
- 10.4.1 APAC: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.4.2 APAC: Automotive Electrical Connectors Market, by Type
- 10.4.3 APAC: Automotive Electrical Connectors Market, by Vehicle Type
- 10.4.4 APAC: Automotive Electrical Connectors Market, by Powertrain Type
- 10.4.5 APAC: Automotive Electrical Connectors Market, by Key Country
  - 10.4.5.1 China: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.1.1 China: Automotive Electrical Connectors Market, by Type
    - 10.4.5.1.2 China: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.4.5.1.3 China: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.4.5.2 Japan: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.2.1 Japan: Automotive Electrical Connectors Market, by Type
    - 10.4.5.2.2 Japan: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.4.5.2.3 Japan: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.4.5.3 India: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.3.1 India: Automotive Electrical Connectors Market, by Type
    - 10.4.5.3.2 India: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.4.5.3.3 India: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.4.5.4 South Korea: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.4.1 South Korea: Automotive Electrical Connectors Market, by Type
    - 10.4.5.4.2 South Korea: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.4.5.4.3 South Korea: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.4.5.5 Australia: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.5.1 Australia: Automotive Electrical Connectors Market, by Type
    - 10.4.5.5.2 Australia: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.4.5.5.3 Australia: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.4.5.6 Rest of APAC: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.4.5.6.1 Rest of APAC: Automotive Electrical Connectors Market, by Type
    - 10.4.5.6.2 Rest of APAC: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.4.5.6.3 Rest of APAC: Automotive Electrical Connectors Market, by Powertrain Type
10.5 MEA: Automotive Electrical Connectors Market
- 10.5.1 MEA: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.5.2 MEA: Automotive Electrical Connectors Market, by Type
- 10.5.3 MEA: Automotive Electrical Connectors Market, by Vehicle Type
- 10.5.4 MEA: Automotive Electrical Connectors Market, by Powertrain Type
- 10.5.5 MEA: Automotive Electrical Connectors Market, by Key Country
  - 10.5.5.1 South Africa: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.5.5.1.1 South Africa: Automotive Electrical Connectors Market, by Type
    - 10.5.5.1.2 South Africa: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.5.5.1.3 South Africa: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.5.5.2 Rest of MEA: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.5.5.2.1 Rest of MEA: Automotive Electrical Connectors Market, by Type
    - 10.5.5.2.2 Rest of MEA: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.5.5.2.3 Rest of MEA: Automotive Electrical Connectors Market, by Powertrain Type
10.6 SAM: Automotive Electrical Connectors Market
- 10.6.1 SAM: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.6.2 SAM: Automotive Electrical Connectors Market, by Type
- 10.6.3 SAM: Automotive Electrical Connectors Market, by Vehicle Type
- 10.6.4 SAM: Automotive Electrical Connectors Market, by Powertrain Type
- 10.6.5 SAM: Automotive Electrical Connectors Market, by Key Country
  - 10.6.5.1 Brazil: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.6.5.1.1 Brazil: Automotive Electrical Connectors Market, by Type
    - 10.6.5.1.2 Brazil: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.6.5.1.3 Brazil: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.6.5.2 Argentina: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.6.5.2.1 Argentina: Automotive Electrical Connectors Market, by Type
    - 10.6.5.2.2 Argentina: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.6.5.2.3 Argentina: Automotive Electrical Connectors Market, by Powertrain Type
  - 10.6.5.3 Rest of SAM: Automotive Electrical Connectors Market and Revenue and Forecasts to 2031 (US$ Million)
    - 10.6.5.3.1 Rest of SAM: Automotive Electrical Connectors Market, by Type
    - 10.6.5.3.2 Rest of SAM: Automotive Electrical Connectors Market, by Vehicle Type
    - 10.6.5.3.3 Rest of SAM: Automotive Electrical Connectors Market, by Powertrain Type

11. Automotive Electrical Connectors Market - COVID-19 Impact Analysis

11.1 North America: Impact Assessment of COVID-19 Pandemic
- 11.1.1 Europe: Impact Assessment of COVID-19 Pandemic
- 11.1.2 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
- 11.1.3 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
- 11.1.4 South America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview
12.2 Market Initiative: Expansion
12.3 Mergers and Acquisitions

13. Company Profiles

13.1 INTERCABLE srl
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Connor Manufacturing
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Amphenol Corporation
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Emerson Electric Co.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Rogers Corporation
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Molex, LLC
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 TB and C
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 difvan
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 TE Connectivity Ltd.
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Flex-Cable Inc.
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index