Product Code: ETC4579885 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India automotive connectors market import shipments witnessed robust growth with a strong CAGR from 2020 to 2024. However, there was a slight decline in the growth rate between 2023 and 2024, indicating a temporary slowdown in the market expansion. Overall, the market trend remained positive with a notable growth momentum.
The India Automotive Connectors Market is a pivotal segment within the automotive electronics industry, dedicated to providing reliable and secure connections for various vehicle systems and components. Connectors play a critical role in ensuring the proper transmission of electrical signals and data between different parts of a vehicle, including sensors, control units, and lighting. As the India automotive industry adopts advanced technologies and enhances vehicle connectivity, the demand for robust and high-performance connectors is growing. This market is marked by a strong focus on quality and durability, with companies continually innovating to provide connectivity solutions that meet the evolving needs of the India automotive sector.
The automotive connectors market in India is witnessing robust growth due to several compelling drivers. Firstly, the increasing complexity of vehicle electrical systems, driven by the demand for advanced features and safety systems, necessitates high-quality connectors for secure and reliable connections. As automotive manufacturers aim to enhance vehicle safety, connectivity, and efficiency, connectors play a pivotal role in facilitating these advancements. The growing adoption of electric and hybrid vehicles further drives the market, as these vehicles rely on advanced connectors for efficient power distribution. The push for local manufacturing and component localization in India also contributes to the market`s expansion, as it encourages the production of connectors within the country.
Challenges in the automotive connectors market include adapting to evolving electrical architectures and ensuring reliable connections in the face of vibration, moisture, and thermal stresses.
Connectors are critical components in automotive electrical systems, and their demand persisted even during the pandemic. As vehicle electrification and connectivity continued to expand, the market is expected to recover and grow post-pandemic.
Prominent players in this market include TE Connectivity, Molex, Amphenol Corporation, Delphi Technologies, and Sumitomo Electric Industries.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Connectors Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Connectors Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Connectors Market - Industry Life Cycle |
3.4 India Automotive Connectors Market - Porter's Five Forces |
3.5 India Automotive Connectors Market Revenues & Volume Share, By Connection Type, 2021 & 2031F |
3.6 India Automotive Connectors Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Automotive Connectors Market Revenues & Volume Share, By System Type, 2021 & 2031F |
4 India Automotive Connectors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced automotive technologies in India, driving the need for automotive connectors. |
4.2.2 Growth in the automotive industry in India, leading to higher production of vehicles requiring connectors. |
4.2.3 Government initiatives promoting electric vehicles and connected cars, boosting the demand for automotive connectors. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of automotive connectors. |
4.3.2 Intense competition among market players leading to pricing pressures. |
4.3.3 Technological advancements leading to shorter product life cycles, affecting the demand for certain types of connectors. |
5 India Automotive Connectors Market Trends |
6 India Automotive Connectors Market, By Types |
6.1 India Automotive Connectors Market, By Connection Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Connectors Market Revenues & Volume, By Connection Type, 2021-2031F |
6.1.3 India Automotive Connectors Market Revenues & Volume, By Wire to Wire, 2021-2031F |
6.1.4 India Automotive Connectors Market Revenues & Volume, By Wire to Board, 2021-2031F |
6.1.5 India Automotive Connectors Market Revenues & Volume, By Board to Board, 2021-2031F |
6.2 India Automotive Connectors Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Connectors Market Revenues & Volume, By Body Control & Interiors, 2021-2031F |
6.2.3 India Automotive Connectors Market Revenues & Volume, By Engine Control & Cooling System, 2021-2031F |
6.3 India Automotive Connectors Market, By System Type |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Connectors Market Revenues & Volume, By Sealed, 2021-2031F |
6.3.3 India Automotive Connectors Market Revenues & Volume, By Unsealed, 2021-2031F |
7 India Automotive Connectors Market Import-Export Trade Statistics |
7.1 India Automotive Connectors Market Export to Major Countries |
7.2 India Automotive Connectors Market Imports from Major Countries |
8 India Automotive Connectors Market Key Performance Indicators |
8.1 Number of new vehicle launches in India utilizing advanced automotive technologies. |
8.2 Adoption rate of electric vehicles and connected cars in the Indian automotive market. |
8.3 Investment in research and development by automotive connector manufacturers in India. |
9 India Automotive Connectors Market - Opportunity Assessment |
9.1 India Automotive Connectors Market Opportunity Assessment, By Connection Type, 2021 & 2031F |
9.2 India Automotive Connectors Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Automotive Connectors Market Opportunity Assessment, By System Type, 2021 & 2031F |
10 India Automotive Connectors Market - Competitive Landscape |
10.1 India Automotive Connectors Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Connectors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |