Automotive Connectors Market Trends

Global Automotive Connectors Market size was valued at USD 6.89 Billion in 2023 and is poised to grow from USD 7.35 Billion in 2024 to USD 12.35 Billion by 2032, growing at a CAGR of 6.7% in the forecast period (2025-2032).

The most significant competitors in the competitive automotive connector industry are TE Connectivity, Amphenol Corporation, Molex, Delphi Technologies, and Yazaki Corporation. Innovation is the approach driving all these companies toward advanced connection options for autonomous systems, safety, and electric vehicles. Thus, strategic moves such as forming partnerships and mergers and acquisitions are expected along with increased R&D expenditure to create sturdy, high-performance connections to achieve the desire to lead the market. Competition is driven by the increasing demand for connected automobiles and electrified vehicles. 'TE Connectivity', 'Amphenol Corporation', 'Molex', 'Delphi Technologies', 'Yazaki Corporation', 'Sumitomo Electric Industries', 'Leoni AG', 'Furukawa Electric Co., Ltd.', 'AVX Corporation', 'Kostal Group', 'JST Manufacturing Co., Ltd.', 'Hanwa Electric Industrial Co., Ltd.', 'Phillips Connect Technologies', 'Samtec', 'Nexans S.A.'

The use of electric automobiles is one of the main drivers for the global automotive connectors market growth. EVs rely mostly on complex electrical systems, and therefore, connectors are crucial for controlling power distribution and component communication. The demand for EVs is expected to increase the requirement for automotive connections because governments are looking for greener energy and environmental concerns are increasing.

Increased Use of Wireless Technology: Automobile manufacturers are now using wireless communication technologies because the more a car becomes interlinked, the lesser its dependence on traditional wire connectors. A vehicle is incorporating wireless technologies, such as Bluetooth, Wi-Fi, and 5G, that simplify connectivity and provide for more effective and adaptable means through which automotive systems can communicate with one another.

North America accounted for a significant 25.2% share of the automotive connectors industry in 2024. The U.S. automotive connectors market is predicted to grow during the forecast period. Car sales have surged manifold in the market, especially post the COVID-19 pandemic. The market is bound to grow, considering the increase in the number of working professionals opting for personal cars as a preferred mode of transport. Advancements in the technology of automobiles, such as the increased utilization of electric vehicles and smart features in cars, are also expected to drive the requirement for connections in this region.