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Automotive Terminal Market

Automotive Terminal Market Size, Share and Segmentation by Current Ratings (Below 40 Ampere, 41–100 Ampere, Above 100 Ampere), by Application (Body Control & Interiors, Safety & Security, Cooling, Engine & Emission Control, Infotainment, Lighting System, Battery System), by Vehicle Type (Passenger cars, LCV, HCV), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/2305 | July 2022 | Region: Global | 130 Pages

Report Scope & Overview:

Automotive Terminal Market Size was valued at USD 18.76 billion in 2021 and is expected to reach USD 37.51 billion by 2028 and grow at a CAGR of 10.4% over the forecast period 2022-2028.

The Automotive Terminal is an electromechanical device that acts as a link between the load and the batteries. Its primary function is to facilitate communication between the two. The terminals are available in a variety of forms, specifications, and sizes, and they are also capable of being modified to suit the requirements of the end-user in automobiles. Additionally, it finds application in printed circuit boards, integrated circuits, and a variety of other electronic devices. Automotive terminals are electromechanical devices that can be used to regulate a variety of electrical systems or to connect a charger to a cell or batteries in a car. Another usage for automotive terminals is to link a vehicle's charging system to a cell or batteries. The requirements of the end-user industry are taken into account when designing and developing a number of different configurations, sizes, and designs for this system. Terminals are affixed to the conclusion of a wire by use of a connector or a fastener.

Automotive Terminal Market Revenue Graph

TE Connectivity successfully completed its public takeover of First Sensor AG in March of 2021, at which point it held 73.87 percent of the shares in First Sensor. TE will be able to offer a wider variety of products as a result of the acquisition since it will merge the product lines of both First Sensor and TE. These products include cutting-edge sensors, connectors, and systems that support TE's own growth strategy. They will be able to service a more diverse range of customers, which will result in a large increase in their market share.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • The rising need for automotive safety systems is being supported by government requirements.

  • An ever-increasing number of electrical systems are contained within the automobile.

  • The installation of cutting-edge safety technologies is subject to regulatory regulations.

RESTRAINTS: 

  • Terminals that are capable of meeting the requirements for handling vibration.

  • The market for automobile terminals is extremely consolidated.

OPPORTUNITIES: 

  • Effective use of energy E-Mobility.

  • The networked, autonomous, and semi-autonomous automobiles of the future: a perspective view.

  • Rise in awareness of green automobiles among people within the region.

CHALLENGES: 

  • Problems with the design of the high voltage terminals.

  • Battery terminals present a difficulty in terms of their long-term reliability.

IMPACT OF COVID-19:

COVID-19 can be harmful. Early on, governments all around the world came to this realization. That is why they decided to implement some temporary lockdowns and quarantines. A significant number of those who tested positive for COVID-19 were ordered to remain in quarantine for a limited amount of time. In any event, a wide variety of commercial sectors and consumer marketplaces were affected. A prime example of this is the worldwide market for automotive terminals. During and immediately after the pandemic, there was an undeniable decrease in the number of people who traveled. This had a negative impact on a great number of businesses operating in the worldwide market because it compelled them to either cease operations entirely or reduce their workforce temporarily. Because of the lockdowns and quarantines, the price of the materials that were required to create these terminals significantly increased, which was discovered by many of the companies who made these terminals. As a direct consequence of this, the costs associated with these terminals were significantly higher.

KEY MARKET PLAYERS:

TE Connectivity Ltd. (Switzerland), Lear Corporation (U.S.), Sumitomo Electric Industries, Ltd. (Japan), Grote Industries (U.S.), Delphi Plc (U.K), and Furukawa Electric Co., Ltd. (Japan). PKC Group (Finland), Molex, LLC (U.S.), Keats Manufacturing Co. (U.S.), and Viney Corporation Limited (India) are some of the affluent competitors with significant market share in the Automotive Terminal Market.

MARKET ESTIMATION: 

Market, By Current Ratings:

The global market has been divided into Below 40 Ampere, 41–100 Ampere, and Above 100 Ampere based on the current rating segment. Above 100 Ampere will have the highest CAGR in the automotive terminal industry. 41–100 Amps and below 40 Amps follow. Below 40 Ampere is anticipated to have the highest share of the automotive terminal market due to its ubiquitous use in-car electronics.

Market, By Application:

The global market has been divided into Body Control & Interiors, Safety & Security, Cooling, Engine & Emission Control, Infotainment, Lighting systems, and Battery System Based on applications segment. Cooling, Engine & Emission Control led the automotive terminal market. Increasing electronic content for cooling, engine management, and gas treatment drive this segment. Automotive terminals' fastest-growing segment is battery systems.

Market, By Vehicle Type:

The global market has been divided into passenger cars, LCV, and HCV based on the vehicle type segment. Because of their lower average daily mileage and more user-friendly charging capabilities, passenger cars have taken the lead in the market.

MARKET SEGMENTATION:

By Current Ratings:

  • Below 40 Ampere

  • 41–100 Ampere

  • Above 100 Ampere

By Application:

  • Body Control & Interiors

  • Safety & Security

  • Cooling, Engine & Emission Control

  • Infotainment

  • Lighting System

  • Battery System

By Vehicle Type:

  • Passenger cars

  • LCV

  • HCV

Automotive Terminal Market Segment Chart

REGIONAL ANALYSIS:

As part of North America, the automotive terminal market as well as Canada and Mexico; South America, specifically Brazil and Argentina; Europe as a whole; Turkey; Russia; North America as a whole; Japan; China; India; South Korea; Australia; Southeast Asia; and the rest of Asia-Pacific (APAC), including Singapore (MEA). It is anticipated that the Asia-Pacific region will hold the largest proportion of the regional market. Additionally, it is anticipated that this region will have the highest market value in the region. It is anticipated that the Asia-Pacific region will manufacture the most quantity of automobile terminals for the market. It is anticipated that the market would expand at a rate that is second highest in North America. It is anticipated that the growth rate of the European Union will remain the third highest until at least 2027.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Automotive Terminal Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 18.76 Billion
Market Size by 2028 US$ 37.51 Billion
CAGR CAGR of 10.4% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Current Ratings (Below 40 Ampere, 41–100 Ampere, Above 100 Ampere)
• By Application (Body Control & Interiors, Safety & Security, Cooling, Engine & Emission Control, Infotainment, Lighting System, Battery System)
• By Vehicle Type (Passenger cars, LCV, HCV)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles TE Connectivity Ltd. (Switzerland), Lear Corporation (U.S.), Sumitomo Electric Industries, Ltd. (Japan), Grote Industries (U.S.), Delphi Plc (U.K), and Furukawa Electric Co., Ltd. (Japan). PKC Group (Finland), Molex, LLC (U.S.), Keats Manufacturing Co. (U.S.), and Viney Corporation Limited (India)
Key Drivers • The rising need for automotive safety systems is being supported by government requirements.
• An ever-increasing number of electrical systems are contained within the automobile.
• The installation of cutting-edge safety technologies is subject to regulatory regulations.
Restraints • Terminals that are capable of meeting the requirements for handling vibration.
• The market for automobile terminals is extremely consolidated.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Terminal Market Segmentation, By Current Ratings

8.1 Below 40 Ampere

8.2 41–100 Ampere

8.3 Above 100 Ampere

 

9. Global Automotive Terminal Market Segmentation, By Application

9.1 Body Control & Interiors

9.2 Safety & Security

9.3 Cooling, Engine & Emission Control

9.4 Infotainment

9.5 Lighting System

9.6 Battery System

 

10. Global Automotive Terminal Market Segmentation, By Vehicle Type

10.1 Passenger cars

10.2 LCV

10.3 HCV

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Lear Corporation (U.S.),

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 TE Connectivity Ltd. (Switzerland)

12.3 Sumitomo Electric Industries, Ltd. (Japan)

12.4 Grote Industries (U.S.)

12.5 Delphi Plc (U.K)

12.6 Furukawa Electric Co., Ltd. (Japan)

12.7 PKC Group (Finland)

12.8 Molex, LLC (U.S.)

12.9 Keats Manufacturing Co. (U.S.)

12.10 Viney Corporation Limited (India)

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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