Report Id: SNS/AUTO/2305 | July 2022 | Region: Global | 130 Pages
Report Scope & Overview:
Automotive Terminal Market Size was valued at USD 20.71 billion in 2022 and is expected to reach USD 45.70 billion by 2030 and grow at a CAGR of 10.4% over the forecast period 2023-2030.
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.
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.
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.
Terminals that are capable of meeting the requirements for handling vibration.
The market for automobile terminals is extremely consolidated.
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.
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, 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.
By Current Ratings:
Below 40 Ampere
Above 100 Ampere
Body Control & Interiors
Safety & Security
Cooling, Engine & Emission Control
By Vehicle Type:
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 20.71 Billion|
|Market Size by 2030||US$ 45.70 Billion|
|CAGR||CAGR of 10.4% From 2023 to 2030|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
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
9.5 Lighting System
9.6 Battery System
10. Global Automotive Terminal Market Segmentation, By Vehicle Type
10.1 Passenger cars
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Lear Corporation (U.S.),
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
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