Report provides Automotive Terminal Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Automotive Filters Global Market is segmented by Current Rating (100 A), Vehicle Type, Application (Body Control & Interiors, Safety & Security, Cooling, Engine & Emission Control, Infotainment, Lighting System, Battery System), Region, —
Automotive Terminal Market Key Companies Studied in This Research Report 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.
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Global Automotive Terminal Market Overview:
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. The automotive terminal is one of the primary factors for vehicle performance and safety of the occupant. Increased use of electronic content components in the vehicle and growing demand for energy efficient electric vehicles will fuel the global automotive terminal market.
The global automotive terminal market has seen remarkable growth; expected to expand at the CAGR of ~9.14%. 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. Increased growth for autonomous and semi-autonomous vehicles in the emerging market will provide opportunities for new entrants. Moreover, extensive research regarding the development of the product and cost-effective solutions will further boost the sales and demand for the product.
Automotive Terminal Market Geographic Analysis:
In terms of region, the global market for the automotive terminal is divided into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific market is expected to hold a significant revenue share over the forecast period. Increase in the production of vehicles and government regulations regarding the safety of the vehicle will drive the growth of the market throughout the forecast period.
Asia Pacific will register the highest CAGR during the forecast period, owing to the increase in sales of electric vehicles, better infrastructure, and increased purchasing power of consumers. Furthermore, China is leading the market in terms of revenue due to their massive use of electronic components in the vehicle followed by Japan, Korea, and India.
In North America, increased sales of self-driving vehicles and demand for next-generation vehicles will enhance the growth of the market during the forecast period. In Europe, new government regulations and awareness of vehicle advanced safety technologies will raise the market and provide opportunities for new entrants in the region.
Automotive Terminal Market Segmentation:
Global automotive terminal market is segmented into current rating, vehicle type, application, and region.
Based on current rating segment, the market has been segmented into less than 50 Ampere, 50-100 Ampere, and more than 100 Ampere.
Based on vehicle type segment, the market has been segmented into passenger vehicle and commercial vehicle.
Based on 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.
Major Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrant
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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