Research and Markets: Automotive Connector Market in Europe 2015-2019

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/4gmwd9/automotive) has announced the addition of the “Automotive Connector Market in Europe 2015-2019” report to their offering.

The automotive connector market in Europe to grow at a CAGR of 7.08% during 2014-2019.

The report covers the present scenario and the growth prospects of the automotive connector market in Europe for the period 2015-2019. The market size has been calculated based on the revenue generated from sales of automotive connectors in Europe. We presents five key vendors and a detailed analysis of these vendors in the report. We also discuss market growth drivers, challenges facing the vendors and the industry as a whole, and key trends emerging in the market.

Increased demand for automotive electronics is one of the major trends expected to drive the automotive connectors market in Europe during the forecast period. Electronic components used in vehicles necessitate usage of automotive connectors for proper functioning. Automotive electronics represent 30-35% of total manufacturing costs of an automotive. Usage of automotive electronics has increased because of a growing demand for advanced systems such as premium audio systems, advanced driver assistance systems, on-board diagnostic systems, infotainment systems, and electronic transmission.

According to the report, the increase in number of accidents in the past few years has augmented demand for advanced safety systems such as airbags, brakes, and steering. Demand for safety systems is driven by compliance of stringent safety norms for an automotive, implemented by the European Commission. Automotive safety systems such as seatbelts, airbags, and brakes require a connection system comprising a retainer and safety restraint system connector. Thus, the growing demand for automotive safety systems has a direct influence on demand for automotive connectors. For instance, Delphi provides various safety restraint systems connector solutions for airbags.

Further, the report states that reliability and durability issues are one of the major challenges faced by the automotive connectors market in Europe.

Key Vendors

• Delphi Automotive
• Molex
• Sumitomo Electric Industries
• T.E Connectivity
• Yazaki

Other Prominent Vendors

• Amphenol
• Alpes Connectique Services
• Bizlink Technologies
• DAA Draexlmaier
• ERNI Electronics
• Hirose Electric
• Honda Tsushin Kogyo
• Hu Lane Associates
• Harting KGaA
• Iriso electronics
• Japan Aviation Electronics
• JST
• Korea Electric Terminal
• Kyocera
• Lear
• Leoni
• Otto Dunkel Gmbh
• Rosenberger
• Samtec
• Souriau

For more information visit http://www.researchandmarkets.com/research/4gmwd9/automotive

View source version on businesswire.com: http://www.businesswire.com/news/home/20150907005322/en/

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