QYResearch: In 2022, the global Automotive Connectors is predicted to be 75.07 billion units

QYResearch: In 2022, the global Automotive Connectors is predicted to be 75.07 billion units QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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QYResearch Automotive Connectors are critical to today's cars.

Without them, it would be nearly impossible to build or service a car. Whenever a bundle of wires passes through or attaches to a component of the car that might have to be removed, there must be a connector there to allow for that removal. A single connector can have more than 100 wires.

In the past, unreliable connectors have been the source of many electrical problems. Connectors have to be waterproof (modern connectors have several seals to keep out moisture), corrosion proof and provide good electrical contact for the life of the vehicle.

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QYResearch According to QYResearch, In the last several years, the Automotive Connectors industry has enjoyed a fast development. In 2016, the global production of Automotive Connectors is about 46.65 billion units, with sales revenue market of 14.10 billion USD. In the next several years, the development speed of Automotive Connectors market will also be quick. In 2022, the global production is predicted to be 75.07 billion units with revenue market size of 21.25 billion USD. Advanced Automotive Connectors manufacturers are from developed regions like North America, Europe and Japan. While some of them have built plant in China to meet local market demand.

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QYResearch

Europe is the largest consumption market with market share over 28%.

Followed Europe, North America is the second largest market with share about 23.5%. China manufacturing more than 28 million unit new cars in 2016, but the market size is still in the third place due to the low consumption amount per car.

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QYResearch There are many Connectors manufacturers in China and most of them have a low production.

Some leading connectors are holding the leading position in new energy vehicle market.

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