Automotive Electrical Connectors Market Size, Share | 2028

Automotive Electrical Connectors Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Cable Lugs, Battery Clamps, High Voltage Busbars, and Fuse Boxes), Vehicle Type [Passenger Cars, Light Commercial Vehicle (LCV), and Medium and Heavy Commercial Vehicle (M&HCV)], and Powertrain Type [Internal Combustion Engine (ICE), Electric Vehicle (EV), Plug-In Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)]

Publication Month : Apr 2021

  • Report Code : TIPRE00019916
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 160
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The automotive electrical connectors market was valued at US$ 1,225.54 million in 2020, it is expected to grow at a CAGR of 8.9% from 2021 to 2028.

Automotive components are getting evolved at rapid rate with advancement in designs, sizes, and materials. The electrical connectors are improved with high voltage and current carrying capacity for the next generation electric cars. The vehicle manufacturers are offering innovative features for customers to stay ahead in the competition. The advent of new technologies such as electric vehicles, self-driving cars, automated vehicles, and hybrid vehicles is driving the automotive industry. Advanced components or devices such as connectors, batteries, shafts, and electric systems are required to support these technologies. Connectors are an essential part of vehicles as they play a vital role in the power transmission. Currently, numerous automakers are emphasizing on the development of advanced electric vehicles (EVs) that is leading to the development of many associated businesses, such as fuse box, high voltage busbars, and batteries.

The increasing adoption of electrical cars over fossil fuel-based vehicles is propelling the automotive electrical connectors market player’s businesses to offer enhanced products for electric cars. The global automotive electrical connectors market is segmented on the basis of type, vehicle type, powertrain type, and geography. Based on type, the market is segmented into cable lugs, battery clamps, high voltage busbars, and fuse boxes. In terms of vehicle type, the market is segmented into passenger cars, light commercial vehicle (LCV), and medium and heavy commercial vehicle (M&HCV). Based on powertrain type, the automotive electrical connectors market is segmented into internal combustion engine (ICE), electric vehicle (EV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV).

Impact of COVID-19 Pandemic on Automotive Electrical Connectors Market

The COVID-19 pandemic has hampered the automobile industry and economic growth of almost every country. Severe impact on the manufacturing sector is witnessed as facilities remained closed for a certain period. Sales of various vehicles, such as passenger cars and commercial vehicles, are declined. The automotive industry experienced a major hit as the demand for cars, trucks, buses, and vehicles was reduced from every region and end consumers. There is a decline in the revenue model for automobiles due to the low production during the lockdown period. Post-lockdown, the automobile industry started to regain the market share as production facilities resumed their operations with social distancing measures. In addition, the growing inclination toward electric vehicles helped increase the sale of busbar and fuse box in electric cars for better performance. The COVID-19 pandemic created a major negative impact on the automobile industry in the first half of 2020. However, after the third quarter of 2020, the increasing sale of vehicles supported the market growth.

Lucrative Regions in Automotive Electrical Connectors Market

Lucrative Regions in Automotive Electrical Connectors Market
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Automotive Electrical Connectors Market Insights

Growing Demand for Electric Vehicles

Governments of various countries are imposing specific regulations to control diesel and petrol vehicle emissions. Vehicle emission is the primary source of pollution globally, and vehicles such as cars, trucks, and buses are the major contributors in this category. The high efficiency of electric vehicles over conventional diesel and natural gas vehicles is among the key factors expected to drive the automotive electrical connectors market in the coming years.

Type-Based Market Insights

In terms of type, the global automotive electrical connectors market is segmented into cable lugs, battery clamps, high voltage busbars, and fuse boxes. Fuse boxes are designed to protect an electric circuit of a car from exposure, damages, and short circuits. They control the current flow through wires to safeguard the electrical components. The demand for fuse boxes is increasing with the rising production of electric and hybrid electric vehicles.

Vehicle Type-Based Market Insights

Based on vehicle type, the automotive electrical connectors market is segmented into passenger cars, light commercial vehicle (LCV), and medium and heavy commercial vehicle (M&HCV). The passenger vehicle segment is projected to dominate the market during the forecast period. Passenger vehicles account for the most of the overall automotive demand. Furthermore, the increasing advancements by key OEMs to integrate more connected technology in passenger vehicles are boosting the growth of the automotive electrical connectors market for this segment.

Automotive Electrical Connectors Market, by Vehicle Type – 2020 and 2028

Automotive Electrical Connectors Market, by Vehicle Type – 2020 and 2028
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Powertrain Type-Based Market Insights

Based on powertrain type, the global automotive electrical connectors market is segmented into internal combustion engine (ICE), electric vehicle (EV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). The internal combustion engine (ICE) segment is projected to dominate the market during the forecast period, owing to the high production volume of passenger cars. IC engine powertrain-based vehicles have intense penetration in the market owing to various reasons such as low price of the car, easy availability of the fuel, diversified portfolio, and high-power output. The ICE vehicles are adopting advanced telematics and connected technologies, which is increasing the count of electric systems, thereby boosting the demand for electrical connectors.

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Automotive Electrical Connectors Market: Strategic Insights

automotive-electrical-connectors-market
Market Size Value inUS$ 1,225.54 Million in 2020
Market Size Value byUS$ 2,286.97 Million by 2028
Growth rateCAGR of 8.9% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Players operating in the automotive electrical connectors market focus on strategies such as market initiatives, acquisitions, and product launches to maintain their positions in the market. A few developments by key players of the automotive electrical connectors market are:

In March 2020, Royal Power Solutions, a supplier of automotive components, introduced a new connector and conductor product for EVs and hybrid vehicles. The company introduced a new High-Power Lock Box (HPLB) connector and RigiFlex busbar with integrated HPLB terminals.

Automotive Electrical Connectors Market – by Type

  • Cable Lugs
  • Battery Clamps
  • High Voltage Busbars
  • Fuse Boxes


Automotive Electrical Connectors Market – by Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicle (LCV)
  • Medium and Heavy Commercial Vehicle (M&HCV)


Automotive Electrical Connectors Market – by Powertrain Type

  • Internal Combustion Engine (ICE)
  • Electric Vehicle (EV)
  • Plug-In Hybrid Electric Vehicle (PHEV)
  • Hybrid Electric Vehicle (HEV)


Automotive Electrical Connectors Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • UK
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Automotive Electrical Connectors Market – Company Profiles

  • INTERCABLE srl
  • Connor Manufacturing
  • Amphenol Corporation
  • Emerson Electric Co.
  • Rogers Corporation
  • Molex, LLC
  • TB&C
  • difvan
  • TE Connectivity Ltd.
  • Flex-Cable Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type , Vehicle Type , and Powertrain Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Kingdom, United States

Frequently Asked Questions


Which factor is driving the automotive electrical connectors market?

The automotive industry is developing advanced components with high voltage to improve vehicle power transmission. The changing power distribution architecture of the vehicles is driving the market. Also, emergence of the electric car is creating lucrative opportunity for the market. Key factors that are driving growth of the market are growing demand for rising electrification of vehicles and increasing sale of passenger cars in developing nations.

Which vehicle type led the automotive electrical connectors market?

The passenger car segment is projected to dominate the demand for automotive electrical connectors amid the forecast period. Passenger vehicles account for the majority of overall automotive demand. Furthermore, increasing advances by key OEMs to enhance the driving features and connectivity of passengers would boost the electrical connector market in this category. The rise in consumer disposable income, especially in developing countries such as China, India, and Mexico, is driving demand for the automotive electrical connectors market in the passenger car segment.

What factors are providing opportunities for automotive electrical connectors market?

The electric power, automotive, manufacturing, and transportation industries are growing in significant rate in developing countries such as India, China, and Brazil. Rise in population and the growing demand for personal commute are the major factors creating opportunity for the automotive electrical connectors market. Furthermore, the government's growing investment to encourage the introduction of electric vehicles is increasing demand for personal vehicles. For e.g., the Indian government initiated the National Electric Mobility Mission Plan 2020 in 2019 in order to attract domestic manufacturers. The government proposed more than 130 billion in incentive investment and 18 billion in R&D investment under this scheme, which will lower the manufacturing cost of electric vehicles and boost sales over the projected timeframe.

The List of Companies - Automotive Electrical Connectors Market

  1. Flex-Cable Inc.
  2. Intercable S.r.l
  3. Connor Manufacturing
  4. Amphenol Corporation
  5. DIFVAN
  6. TB&C Group
  7. Klauke (Emerson Electric Co.)
  8. Rogers Corporation
  9. Molex
  10. TE Connectivity

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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