- The key vendors in the automotive connectors market in Europe 2015-2019 are Delphi Automotive, Molex, Sumitomo, TE Connectivity and Yazaki
London, 03 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the automotive connectors market in Europe 2015-2019. Increased demand for automotive electronics is one of the major trends expected to drive the automotive connectors market in Europe during the forecast period. Usage of automotive electronics has increased because of a growing demand for advanced systems such as premium audio systems, advanced driver assistance systems, on-board diagnostic systems, infotainment systems, and electronic transmission. The automotive connector market in Europe 2015-2019 is expected to grow at a CAGR of 7.08% during the forecast period of 2014-2019.
The market is expected to grow predominantly because of increased demand and usage of automotive electronics and the increasing demand for automotive wiring harness systems. With the increase in electronic content in vehicles, OEMs are designing compact and lightweight wiring systems that occupy less space and are more efficient in connecting components within the automobile.
“Increase in stringent carbon emission norms and CAFE standards is driving demand for next-generation automotive connectors, manufactured with usage of polymers of the grade Vamac G, Vamac GLS, Vamac Ultra IP, Vamac Ultra HT, and Viton,” says Faisal Ghaus, Vice President of Technavio Research.
“Stringent safety standards prescribed by government authorities and programs such as Europe NCAP combined with growing safety concerns among consumers are driving demand for electric vehicles.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
