Global Commercial Vehicle Connectors Market 2017-2021

Overview of the global commercial vehicle connectors market

According to Technavio's market research analysis, the rising electronic applications in commercial vehicles will be one of the major factors that will have a positive impact on the global commercial vehicle connectors market during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 7% by 2021. The rising need for navigation, safety, comfort, and content has led to the high adoption of electrical distribution systems in commercial vehicles. Also, to enable telematics and infotainment system in CVs, the need for high-speed wiring, connectors, and other electronic technologies is rising. Moreover, the growing electronic applications is driving the developments in new components to ease engineering and cater to the demand of connected commercial vehicles. Technologies such as copper connectivity solutions are gaining wide popularity due to lesser weight and increased in-vehicle connectivity options. In addition, technology from other industries like consumer electronics is allowing the OEMs to adopt enhanced technologies in commercial vehicle applications.

The innovations in the electrical connectors for commercial vehicles is one of the key trends that will gain traction in the commercial vehicle connectors market. Commercial vehicles are constantly exposed to more harsh conditions compared with passenger cars, such as temperature, vibrations, and exposure to moisture or chemicals. This has given rise to the development of ruggedized connectors to perform under severe conditions. This will lead to the growth of the electrical connectors market during the forecast period. Moreover, the increasing electrification of the vehicle has made sealing issue a key reason for electrical failures. To counter such issues, the key vendors such as Molex have launched ML-XT Sealed Connection System. The seals of this system are made of high-consistency rubber (HCR) that provide higher tear resistance and protection from water entrance.

Competitive landscape and key vendors  

The rising demand for commercial vehicles with the growing demand for safety systems will drive the commercial vehicle connectors market growth. The market is likely to witness high growth in APAC due to its strong economic conditions and rising disposable income. Also, the prominence of the manufacturers on fleet management technology is likely to propel the market growth.

The leading vendors in the market are ?

• TE Connectivity
• Sumitomo Electric Industries
• YAZAKI
• Delphi Automotive
• Molex

The other prominent vendors in the market are Amphenol, AVX, Bosch, DuPont, NORMA Group, and Rosenberger.

Segmentation by vehicle type and analysis of the commercial vehicle connectors market

• HCVs
• LCVs

During 2016, the LCVs segment accounted for the major shares of the commercial vehicle connectors market. Factors such as the increasing utilization of LCVs  due to traffic congestion within urban cities and to transport a wide range of goods from hubs to various places will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the commercial vehicle connectors market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the commercial vehicle connectors market throughout the forecast period. The rising demand for commercial vehicles from developing markets such as India, China, Thailand, and Indonesia will drive the demand for commercial vehicle connectors market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global commercial vehicle connectors market?
• What are the key market trends impacting the growth of the global commercial vehicle connectors market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial vehicle connectors market?
• What are the market opportunities and threats faced by the vendors in the global commercial vehicle connectors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial vehicle connectors market?

Technavio also offers customization on reports based on specific client requirement.

This industry research report on the global commercial vehicle connectors market by Technavio is an integral part of the automotive portfolio and offers insights into the major trends and evolving drivers inducing the growth of the automotive electronics industry. Our reports also follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions.

Our market research analysis includes top-down and bottom-up approaches like vendor analysis, drivers, challenges, and trend analysis. Furthermore, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various automotive electronics products and services and offers an all-inclusive picture of the global commercial vehicle connectors market for the estimated period of 2017-2021.

As per our market research experts,?growth in global construction industry may influence the demand for commercial vehicle connectors in the coming years. This upcoming market research report on the global commercial vehicle connectors market also covers vendors like Amphenol, Yazaki, J.S.T., TE Connectivity, Bosch, Rosenberger, Molex, Korea Electric Terminal,?Hu Lane Associates, Hirose Electric, Japan Aviation Electronics, Sumitomo Electric Wiring, and TE Connectivity. Additionally, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global commercial vehicle connectors market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry report on the global commercial vehicle connectors market may influence the demand also offers insights into fast-growing segments within the automotive industry, including sectors like automotive manufacturing and wheels and tires. Furthermore, this report also presents insights into the varying competitive landscape to give clients a realistic picture of the future direction of the industry.

Our market research methodology for the commercial vehicle connectors market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.