HOME Top Market Reports Automotive Terminal Market by Application (Body Control & Interiors, Safety & Security, Cooling, Engine & Emission Control, Infotainment, Lighting System, and Battery System), Current Rating, Vehicle Type, EV Type, and Region - Global Forecast to 2025

Automotive Terminal Market by Application (Body Control & Interiors, Safety & Security, Cooling, Engine & Emission Control, Infotainment, Lighting System, and Battery System), Current Rating, Vehicle Type, EV Type, and Region - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: AT 6216

 

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The global automotive terminal market was valued at USD 11.69 Billion in 2016 and is projected to grow at a CAGR of 10.03% during the forecast period, to reach USD 27.14 Billion by 2025. In this study, 2016 has been considered the base year, and 2017–2025 the forecast period, for estimating the size of the automotive terminal market.

The report analyzes and forecasts the market size, by value (USD million), of the automotive terminal market. The report segments the automotive terminal market and forecasts its size, by region, application, current rating, on-highway vehicle, off-highway vehicle, and electric vehicle type. The report also provides a detailed analysis of various forces acting in the market including drivers, restraints, opportunities, and challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

The research methodology used in the report involves various secondary sources such as National Highway Traffic Safety Administration (NHTSA), GENIVI Alliance, Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries, automotive terminal suppliers, and manufacturers have been interviewed to understand the future trends in the automotive terminal market. The market size of the individual segments was determined through various secondary sources such as industry associations, white papers, and journals. The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up approach has been used to estimate and validate the size of the global automotive terminal market. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub segments.

The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Automotive Terminal Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the automotive terminal market consists of manufacturers such as TE Connectivity (Switzerland), Delphi (UK), Furukawa Electric (Japan), and PKC Group (Finland) and research institutes such as Colorado Off-highway Vehicle Coalition (COHVCO), Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (ACEA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA).

Target Audience

  • Automotive terminal manufacturers
  • Infrastructure development companies
  • Automobile organizations/associations
  • Compliance regulatory authorities
  • Government agencies
  • Information Technology (IT) companies & system integrators
  • Investors and Venture Capitalists (VCs)
  • Raw material suppliers for automotive terminal
  • Traders, distributors, and suppliers of automotive terminal

Scope of the Report

    Automotive Terminal Market, By Region

    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

    Automotive Terminal Market, By Application

    • Body Control & Interiors
    • Safety & Security
    • Cooling, Engine & Emission Control
    • Infotainment
    • Lighting System
    • Battery System

    Automotive Terminal Market, By Current Rating

    • Below 40 Ampere
    • 41–100 Ampere
    • Above 100 Ampere

    Automotive Terminal Market, By On-Highway Vehicle

    • Passenger Cars (PC)
    • Light Commercial Vehicle (LCV)
    • Heavy Commercial Vehicle (HCV)

    Automotive Terminal Market, By Off-Highway Vehicle

    • Construction Vehicle
    • Agricultural Vehicle

    Automotive Terminal Market, By Electric Vehicle

    • Battery Electric Vehicle (BEV)
    • Hybrid Electric Vehicle (HEV)
    • Plug-In Hybrid Electric Vehicle (PHEV)

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Detailed analysis and profiling of additional market players (up to 3)
  • Detailed analysis of automotive terminal application for off-highway vehicle market
  • Detailed analysis of automotive terminal for aftermarket

Increasing use of terminals that operate below 40 Ampere current rating are driving the global automotive terminal market close to USD 27 billion by 2025

The market share of automotive terminals below 40 Ampere is estimated to be the largest. These terminals are used in most of the power electronics in vehicles. This segment is projected to grow at a CAGR of 9.89% during the forecast period. The growth of the automotive terminal market depends on the factors mentioned below:

  • Increasing sales of mid-size and luxury class vehicles in developing countries
  • Increasing demand for vehicles with advanced electronics
  • Expansion of leading OEMs and automotive component suppliers in low-cost countries and developing economies
  • Innovation and development in the field of automotive artificial intelligence

The ecosystem of the automotive terminal market includes global automotive terminal manufacturers such as TE Connectivity (Switzerland), Delphi (UK), Furukawa Electric (Japan), and PKC Group (Finland). These original equipment manufacturers (OEMs) account for more than 80% share of the global automotive terminal market. These OEMs have long-term supply contracts with global automakers such as General Motors (US), Daimler (Germany), FCA (UK), BMW (Germany), and Tata Motors (India). It is therefore difficult for the new entrants and local manufacturers of terminals to compete in the automotive terminal market. TE Connectivity offers more than 1000 varieties of terminals that are used in vehicles more than any other competitor.

Market Dynamics

Drivers

  • Increasing demand for automotive safety system supported by government mandates
  • Increasing number of electrical systems in the vehicle

Restraints

  • Terminals that are capable of handling vibration requirements
  • Highly consolidated automotive terminal market

Opportunities

  • Energy efficient E-Mobility
  • Future perspective of connected, autonomous and semi-autonomous vehicles

Challenges

  • Design issues with high voltage terminals
  • Long term reliability challenge for battery terminals

Automotive Terminal Market

Critical Questions:

  • Compliance like Restrictions on Hazardous Substances (RoHS) is restricting terminal manufacturers to limit the use of hazardous raw material for manufacturing terminals. How this will impact overall pricing of terminals?
  • The ecosystem of the automotive terminal market is dominated by few key players. How competitors and new entrants will strategize their growth? 
  • Where will all these developments take the industry in the mid to long term?

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Product and Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency Exchange Rates
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Automotive Terminal Market
    4.2 Automotive Terminal Market, By Region
    4.3 Automotive Terminal Market, By Application
    4.4 Automotive Terminal Market, By Current Rating
    4.5 Automotive Terminal Market, By On-Highway Vehicle Type
    4.6 Automotive Terminal Market, By Off-Highway Vehicle Type
    4.7 Automotive Terminal Market, By Electric Vehicle Type

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Automotive Safety Systems Supported By Government Mandates
                    5.2.1.2 Increasing Number of Electrical Systems in the Vehicle
           5.2.2 Restraints
                    5.2.2.1 Terminals That are Capable of Handling Vibration Requirements
                    5.2.2.2 Highly Consolidated Automotive Terminal Market
           5.2.3 Opportunities
                    5.2.3.1 Energy Efficient E-Mobility
                    5.2.3.2 Future Perspective of Connected, Autonomous and Semi-Autonomous Vehicles
           5.2.4 Challenges
                    5.2.4.1 Design Issues With High Voltage Terminals
                    5.2.4.2 Long-Term Reliability Challenge for Battery Terminals

6 Automotive Terminal Market, By Application (Page No. - 46)
    6.1 Introduction
    6.2 Cooling, Engine, & Emission Control
    6.3 Safety & Security System
    6.4 Body Control & Interiors
    6.5 Infotainment
    6.6 Lighting System
    6.7 Battery System

7 Automotive Terminal Market, By Current Rating (Page No. - 55)
    7.1 Introduction
    7.2 Below 40 Ampere
    7.3 41–100 Ampere
    7.4 Above 100 Ampere

8 Automotive Terminal Market for On–Highway Vehicle, By Type (Page No. - 61)
    8.1 Introduction
    8.2 Passenger Car (PC)
    8.3 Light Commercial Vehicle (LCV)
    8.4 Heavy Commercial Vehicle (HCV)

9 Automotive Terminal Market, By Electric Vehicle (Page No. - 67)
    9.1 Introduction
    9.2 Battery Electric Vehicle (BEV)
    9.3 Hybrid Electric Vehicle (HEV)
    9.4 Plug-In Hybrid Electric Vehicle (PHEV)

10 Automotive Terminal Market for Off-Highway Vehicle, By Type (Page No. - 73)
     10.1 Introduction
     10.2 Agricultural Vehicle
     10.3 Construction Vehicle

11 Automotive Terminal Market, By Region, 2017–2025 (Page No. - 77)
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 China
             11.2.2 Japan
             11.2.3 India
             11.2.4 South Korea
     11.3 Europe
             11.3.1 France
             11.3.2 Germany
             11.3.3 Italy
             11.3.4 Spain
             11.3.5 UK
     11.4 North America
             11.4.1 Canada
             11.4.2 Mexico
             11.4.3 US
     11.5 Rest of the World
             11.5.1 Brazil
             11.5.2 Russia

12 Competitive Landscape (Page No. - 102)
     12.1 Introduction
     12.2 Market Ranking Analysis
     12.3 Competitive Situation & Trends
             12.3.1 Partnerships/Supply Contracts/Collaborations/ Joint Ventures
             12.3.2 Mergers & Acquisitions
             12.3.3 New Product Developments

13 Company Profiles (Page No. - 107)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 TE Connectivity
     13.2 Sumitomo Electric
     13.3 Delphi
     13.4 Lear
     13.5 Furukawa Electric
     13.6 PKC Group
     13.7 Molex
     13.8 Grote Industries
     13.9 Keats Manufacturing
     13.10 Viney Corporation

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 128)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
             14.4.1 Additional Company Profiles
                        14.4.1.1 Business Overview
                        14.4.1.2 SWOT Analysis
                        14.4.1.3 Recent Developments
                        14.4.1.4 MnM View
                        14.4.1.5 Who–Supplies–Whom Data
             14.4.2 Detailed Analysis of Automotive Applications
             14.4.3 Detailed Analysis of Automotive Terminal in Off-Highway Vehicles
             14.4.4 Detailed Analysis of Aftermarket
     14.5 Related Reports
     14.6 Author Details


List of Tables (83 Tables)

Table 1 Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 2 Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 3 Cooling, Engine, & Emission Control: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 4 Cooling, Engine, & Emission Control: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 5 Safety & Security System: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 6 Safety & Security System: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 7 Body Control & Interiors: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 8 Body Control & Interiors: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 9 Infotainment: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 10 Infotainment: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 11 Lighting System: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 12 Lighting System: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 13 Battery System: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 14 Battery System: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 15 Automotive Terminal Market, By Current Rating, 2015–2025 (Million Units)
Table 16 Automotive Terminal Market, By Current Rating, 2015–2025 (USD Million)
Table 17 Below 40 Ampere: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 18 Below 40 Ampere: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 19 41–100 Ampere: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 20 41–100 Ampere: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 21 Above 100 Ampere: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 22 Above 100 Ampere: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 23 Automotive Terminal Market for On-Highway Vehicles, By Type, 2015–2025 (Million Units)
Table 24 Automotive Terminal Market for On-Highway Vehicles, By Type, 2015–2025 (USD Million)
Table 25 Passenger Car: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 26 Passenger Car: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 27 Light Commercial Vehicle: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 28 Light Commercial Vehicle: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 29 Heavy Commercial Vehicle: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 30 Heavy Commercial Vehicle: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 31 Automotive Terminal Market for Electric Vehicles, By Type, 2015–2025 (Million Units)
Table 32 Automotive Terminal Market for Electric Vehicles, By Type, 2015–2025 (USD Million)
Table 33 BEV: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 34 BEV: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 35 HEV: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 36 HEV: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 37 PHEV: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 38 PHEV: Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 39 Automotive Terminal Market for Off-Highway Vehicles, By Type, 2015–2025 (Million Units)
Table 40 Agricultural Vehicle: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 41 Construction Vehicle: Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 42 Automotive Terminal Market, By Region, 2015–2025 (Million Units)
Table 43 Automotive Terminal Market, By Region, 2015–2025 (USD Million)
Table 44 Asia Pacific: Automotive Terminal Market, By Country, 2015–2025 (Million Units)
Table 45 Asia Pacific: Automotive Terminal Market, By Country, 2015–2025 (USD Million)
Table 46 China: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 47 China: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 48 Japan: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 49 Japan: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 50 India: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 51 India: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 52 South Korea: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 53 South Korea: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 54 Europe: Automotive Terminal Market, By Country, 2015–2025 (Million Units)
Table 55 Europe: Automotive Terminal Market, By Country, 2015–2025 (USD Million)
Table 56 France: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 57 France: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 58 Germany: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 59 Germany: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 60 Italy: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 61 Italy: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 62 Spain: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 63 Spain: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 64 UK: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 65 UK: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 66 North America: Automotive Terminal Market, By Country, 2015–2025 (Million Units)
Table 67 North America: Automotive Terminal Market, By Country, 2015–2025 (USD Million)
Table 68 Canada: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 69 Canada: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 70 Mexico: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 71 Mexico: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 72 US: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 73 US: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 74 RoW: Automotive Terminal Market, By Country, 2015–2025 (Million Units)
Table 75 RoW: Automotive Terminal Market, By Country, 2015–2025 (USD Million)
Table 76 Brazil: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 77 Brazil: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 78 Russia: Automotive Terminal Market, By Application, 2015–2025 (Million Units)
Table 79 Russia: Automotive Terminal Market, By Application, 2015–2025 (USD Million)
Table 80 Expansions, 2016-2018
Table 81 Partnerships/Joint Ventures/Supply Contracts/Collaborations, 2015–2018
Table 82 Mergers & Acquisitions, 2015–2018
Table 83 New Product Developments, 2016–2018


List of Figures (42 Figures)

Figure 1 Automotive Terminal Market: Market Segmentation
Figure 2 Automotive Terminal Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Automotive Terminal Market: Bottom-Up Approach
Figure 6 Data Triangulation
Figure 7 Automotive Terminal Market Share (2017): Asia Pacific is Projected to Be the Largest Market
Figure 8 Cooling, Engine & Emission Control to Lead the Automotive Terminal Market Globally, 2017 vs 2025 (USD Billion)
Figure 9 Automotive Terminal Market Size, By Current Rating, 2017 vs 2025
Figure 10 Automotive Terminal Market Size, By On-Highway Vehicle, 2017 vs 2025
Figure 11 Automotive Terminal Market Size, By Electric Vehicle, 2017 vs 2025
Figure 12 Increasing Installation of Vehicle Electronics is Expected to Drive the Automotive Terminal Market, 2017–2025
Figure 13 Asia Pacific is Expected to Hold the Largest Share of the Automotive Terminal Market, By Value, 2017–2025
Figure 14 Battery System is Estimated to Be the Fastest Growing Market By Application, 2017 vs 2025 (USD Billion)
Figure 15 Below 40 Ampere Segment to Hold the Largest Market Share, 2017 vs 2025
Figure 16 Passenger Car is Estimated to Be the Largest Segment of the Automotive Terminal Market, By Value, 2017 vs 2025 (USD Billion)
Figure 17 Construction Vehicle Segment is Estimated to Be the Fastest Growing Market for Automotive Terminals, By Off-Highway Vehicle Type, 2017 vs 2025 (Million Units)
Figure 18 HEV Segment is Estimated to Be the Largest Market for Automotive Terminals, 2017 vs 2025 (USD Million)
Figure 19 Automotive Terminal Market: Market Dynamics
Figure 20 Prominent Megatrends of Vehicle Electrification
Figure 21 Road Transportation Contributes Around 16% of Global Carbon Emission, 2016
Figure 22 Automotive Terminal Market: Cooling, Engine & Emission Control Segment to Account for the Largest Market Share, 2017–2025
Figure 23 Below 40 Ampere Segment to Account for the Largest Market Share During the Forecast Period
Figure 24 Automotive Terminal Market: Passenger Car (PC) Segment to Account for the Largest Market Share During the Forecast Period
Figure 25 Automotive Terminal Market for EV: HEV Segment to Account for the Largest Market Share During the Forecast Period
Figure 26 Automotive Terminal Market: Agricultural Vehicle to Account for the Largest Market Size in 2017
Figure 27 Asia Pacific to Dominate the Automotive Terminal Market, 2017 vs 2025 (USD Million)
Figure 28 The Automotive Terminal Market in the US is Estimated to Grow at the Highest Rate During the Forecast Period
Figure 29 Asia Pacific: Automotive Terminal Market Snapshot
Figure 30 North America: Automotive Terminal Market Snapshot
Figure 31 Automotive Terminal Market Ranking: 2017
Figure 32 TE Connectivity: Company Snapshot
Figure 33 TE Connectivity: SWOT Analysis
Figure 34 Sumitomo Electric: Company Snapshot
Figure 35 Sumitomo Electric: SWOT Analysis
Figure 36 Delphi: Company Snapshot
Figure 37 Delphi: SWOT Analysis
Figure 38 Lear: Company Snapshot
Figure 39 Lear: SWOT Analysis
Figure 40 Furukawa Electric: Company Snapshot
Figure 41 Furukawa Electric: SWOT Analysis
Figure 42 PKC Group: Company Snapshot

The global automotive terminal market is estimated to be USD 12.64 Billion in 2017 and is projected to grow at a CAGR of 10.03% during the forecast period, to reach USD 27.14 Billion by 2025. Some of the major growth drivers for the market are the increasing demand for automotive safety systems supported by government mandates and increasing number of electrical systems in the vehicle. The evolution of connected, autonomous, and semi-autonomous vehicles, as well as energy-efficient E-mobility, can create new revenue generation opportunities for automotive terminal manufacturers. However, design issues with high voltage terminals and long-term reliability of battery terminals can pose a challenge for automotive terminal manufacturers.

The global automotive terminal market is segmented by application, current rating, on-highway vehicle, off-highway vehicle, electric vehicle, and region. The report discusses six automotive terminal applications, namely, Body Control & Interiors, Safety & Security System, Cooling, Engine & Emission Control, Infotainment, Lighting System, and Battery System. Cooling, Engine & Emission Control segment accounted for the largest share in the automotive terminal market. This segment is driven by factors such as increasing electronic content for cooling and other applications such as engine controls and treatment of emitted gases.

The battery system segment is estimated to be the fastest growing market for automotive terminals, by application. It is followed by the lighting system, infotainment, body control & interiors, safety & security system, and cooling, engine & emission control. The battery system segment is estimated to experience significant growth due to the increasing number of battery packs in a vehicle for carrying out multiple applications.

The above 100 Ampere segment of the automotive terminal market is expected to grow at the highest CAGR during the forecast period. It is followed by 41–100 Ampere and below 40 Ampere segment. The below 40 Ampere segment is estimated to account for the largest share in the automotive terminal market, following its wide applications in vehicle electronics.

The extensive study has been done on four key regions, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW).

Automotive Terminal Market

The Asia Pacific market is forecasted to hold the largest market share and is estimated to grow at a significant CAGR during the forecast period. The market growth in the region can be attributed to the increase in vehicle production and government mandates regarding the active and passive safety of vehicles. Increasing investment in infrastructure, construction activities, and increasing vehicle sales are also projected to drive the growth in this region.

Some of the major restraints for the global automotive terminal market are a highly consolidated market and terminals that are capable of handling vibration requirements. The advantages of mechatronics systems over traditional mechanical systems help to offer friendly operations and make the systems cost-effective for the end-user.

Some of the major players in the global automotive terminal market are TE Connectivity (Switzerland), Delphi (UK), Furukawa Electric (Japan), and PKC Group (Finland). The last chapter of this report covers a comprehensive study of the key vendors operating in the automotive terminal market. The evaluation of market players is done by taking several factors into account, such as new product development, R&D expenditure, business strategies, product revenue, and organic and inorganic growth.

The increasing number of electronic content in various vehicle applications such as engine management, safety system, body control, infotainment, lighting system and battery system to create tremendous growth opportunities for supply-side players.

Cooling, Engine & Emission Control

The cooling system is basically used to prevent overheating of a vehicle’s engine. Engine control unit serves various functions, which include regulating and maintaining the amount of fuel and air in the fuel injection part. Emission control system limits the discharge of noxious gases from the internal combustion engine and other components. These electronics applications require the maximum number of automotive terminals for their operations compared to other applications.

Safety & Security System

Various advanced technologies such as airbags, anti-lock braking system, steering control systems, and electronic stability control have enhanced the safety and security systems of a vehicle. Governments and transportation authorities of various developed and developing countries have mandated the installation of active and passive safety technologies in vehicles. The trend is expected to continue in the future. Thus, the use of factory fitted electronic components has increased over the years, which, in turn, requires several connection systems comprising various terminals.

Body Control & Interiors

The body controls are the electronic control units that monitor and control all the systems of the vehicle body. Terminals play a key role in body control and interiors. The body control and interiors consist of the wiper motor, switches, doors, mirrors, power windows, cluster, electric seats, active suspensions, and HVAC system, among others.

Infotainment

The infotainment system, also known as in-vehicle infotainment, consists of audio and video entertainment, navigation systems, Bluetooth connectivity, and Wi-Fi. It is used for enhancing driver and passenger experience. The infotainment systems consist of several electronic devices, which require various automotive terminals. The in-vehicle infotainment market is driven by the high installation rate of infotainment system in mid and premium segment cars. Additionally, the increasing application in entry-level vehicles will drive the market in developing countries.

Lighting System

The lighting system of an automobile comprises various lighting and signaling devices or components fixed to the front, sides, and rear of the vehicle. The lighting system of vehicles consists of the headlamp, tail lamp, fog lamp, and daytime running lamp. The lighting market for automotive is mainly driven by the increasing vehicle production and increasing lighting applications, especially in passenger cars. Additionally, factors such as passenger and pedestrian safety regulations and increased demand for luxury, comfort, and ambience are driving technological advancements in the automotive lighting industry.

Battery System

The main purpose of the battery pack in a vehicle is to supply the necessary power to the starter motor and ignition system while cranking to start the engine. It also supplies additional power when the demand is higher than the alternator’s capacity and acts as an electrical reservoir. Battery system in a vehicle includes the battery, battery cable, voltage regulator, battery terminals, main fuse block, starter motor, alternator, charging system wiring harness, and accessary fuse block. In this section, only the battery terminals that are attached to the battery are considered.

As electric content in cars has increased steadily in the last two decades, vehicle electronics has become a key product differentiator for automakers in recent years. In developing countries, the adoption of advanced safety features in vehicles is fueled largely by the regulatory bodies and consumer interest. Increasing adoption of advanced safety features, in turn, increases the number of electronic devices in the vehicle. Hence, the number of wiring harnesses that connect electrical devices has been increasing year-on-year. The addition of cameras and other safety-related sensors, along with multiple terminals needed for battery packs used in electrified powertrains, is driving the growth of the terminal market.

Critical Questions would be:

  • Vehicles are getting smarter and smarter day by day with advanced electronics. How it is creating opportunities for the supply side?
  • How increasing vehicle electrification will help terminal manufacturers to grab new revenue opportunities?
  • In which regions, companies can create new revenue pockets for short as well as long term? 

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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