Automotive Terminals Market by Vehicle (Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Car), Electric Vehicle (Battery Electric, Hybrid Electric, Plug-in Hybrid Electric), Application, Distribution - Global Forecast 2024-2030

Automotive Terminals Market by Vehicle (Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Car), Electric Vehicle (Battery Electric, Hybrid Electric, Plug-in Hybrid Electric), Application, Distribution - Global Forecast 2024-2030

The Automotive Terminals Market size was estimated at USD 23.95 billion in 2023 and expected to reach USD 26.78 billion in 2024, at a CAGR 11.90% to reach USD 52.64 billion by 2030.

Automotive terminals are crucial components of the electrical systems within vehicles, and they serve as connection points, enabling the flow of electrical current between various parts of the automotive electrical circuit, such as wires, connector housings, and electronic control units. These terminals are designed to maintain effective connectivity and are typically made from materials that offer high conductivity and resistance to corrosion, such as brass, phosphor bronze, or plated steel. Technological advancements in the automotive sector, such as the rise in the adoption of electric and hybrid vehicles, demand for advanced safety features, and the integration of infotainment systems, require sophisticated electrical frameworks, thereby spurring the rise in demand for reliable terminals. Regulatory standards mandating improved vehicle safety also contribute to the increasing use of automotive terminals. The ongoing trend toward vehicle electrification, along with the introduction of innovative solutions like autonomous driving technologies, continues to fuel market expansion. However, terminals can be susceptible to wear and corrosion over time due to exposure to harsh environmental conditions, which can lead to unreliable connections and potential system failures. To address these issues, manufacturers are focusing on the development of more robust terminal designs, materials with better corrosion resistance, and enhanced plating techniques. With the rise of connected cars and smart vehicle technologies, the need for data transmission capabilities will also present new avenues for the development of specialized terminals that can handle increased data rates and connectivity demands.

Regional Insights

The Americas, heavily influenced by the predominance of the United States automotive industry, leverages advanced automation and digitization in production, focusing on the integration of sophisticated electronic systems in vehicles. Major corporations in this region prioritize the development of high-quality, reliable terminals to meet the stringent regulations and advanced safety and performance standards prevalent in North American markets. The APAC region, followed by the fast-growing automotive industries in China, India, and Southeast Asian countries, demonstrates a significant surge in the use of automotive terminals. This uptick is fueled by the region's rapid pace of vehicle production and its burgeoning automotive electronics sector. Companies here benefit from relatively lower production costs and a widespread network of small and medium-sized enterprises (SMEs) that supply various components, including terminals, which cater to both domestic and international OEMs. EMEA showcases a mixed scenario, with Western Europe at its forefront, maintaining a focus on producing high-quality, technically advanced automotive terminals to support the region's luxury automobile segment. Mature markets such as Germany are recognized for their precision engineering and innovation, with key players investing in R&D to push the envelope in electric vehicle (EV) technologies.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Automotive Terminals Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Increasing Demand for Electric Vehicles and Vehicles Electrification
    • Rising Government Mandates to Enhance Vehicle Safety and Awareness Among Consumers
    • Stringent Government Norms Pertaining Carbon Emission
    • Market Restraints
      • Issues Pertinent to Durability and Reliability of Automotive Terminals
      • Market Opportunities
        • Emergence of Autonomous and Semi-Autonomous Vehicles
        • Miniaturization of Automotive Terminals
        • Market Challenges
          • Complicated Design Patterns and Concerns with High Voltage Terminals to Handle Vibration Requirements
          • Market Segmentation Analysis
            • Vehicle: Use of advanced HCV terminals to ensure structural integrity and reliability
            • Electric Vehicle: Preference for PHEV-based terminal to make optimum utilization of dual functionality vehicles
            • Application: Need for terminals with high current capacity and safety
            • Distribution: Need for high-quality and high-performing terminals for OEM vehicles
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Terminals Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Terminals Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • I-PEX Adds Two New Products to AP Series of Power Terminals
              
              In response to the burgeoning electric vehicle sector and consequent surge in demand for onboard chargers, I-PEX advances the industry with the introduction of their cutting-edge AP-TSS10 and AP-LT10 terminals. The AP-TSS10, a high-current (32 A) power terminal and spacer, is engineered for operation at elevated temperatures up to 125 °C. Optimized for the future, it accommodates the need for greater capacity and compact design. Its lightweight aluminum construction, 67% lighter than traditional brass, offers significant advantages.
              
              Littelfuse Launches the First Automotive Grade PolarP P-Channel Enhancement Mode Power MOSFET
              
              Littelfuse, Inc. has launched the IXTY2P50PA, marking the industry's introduction to the first automotive-grade PolarP P-Channel Power MOSFET. Certified by AEC-Q101 standards, this cutting-edge component epitomizes quality and dependability for automotive applications. Its ultra-low on-state resistance of 4.2 Ω minimizes conduction losses, and a gate charge of just 11.9 nC facilitates swift, efficient switching. Engineered for endurance, the IXTY2P50PA boasts impressive robustness against rigorous environments, attributable to its dynamic dv/dt and avalanche ratings.
              
              Hirose Electric Adds New Floating Plug to “DF40T” Series Board-to-Board Connectors for Automotive Specs with Floating Function
              
              Hirose Electric has innovatively enhanced the DF40T series of board-to-board connectors by introducing a new variation specially tailored for automotive applications, now featuring an impressive ±0.3mm floating function. With a notably slimmer width of just 3.68mm, this advanced connector is engineered to seamlessly mate with current receptacles across a spectrum of height variances, facilitating connections over diverse board-to-board gaps.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Terminals Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Automotive Terminals Market, highlighting leading vendors and their innovative profiles. These include Amphenol Corporation, Aptiv PLC, BorgWarner Inc., D & F Liquidators Inc., Dalroad Norslo Ltd., Furukawa Electric Co., Ltd., Grote Industries, Inc., Hirose Electric Co., Ltd., Hu Lane Associate Inc., J.S.T. Corporation, Japan Aviation Electronics Industry, Ltd., K-Max Technologies Private Limited, Keats Manufacturing Co., Koch Industries, Inc., Korea Electric Terminal Co., Ltd., KYOCERA Corporation, Lawson Products, Inc., Lear Corporation, NYK Group, PT Indonesia Kendaraan Terminal Tbk, Rosenberger Hochfrequenztechnik GmbH & Co. KG, Sumitomo Electric Industries, Ltd., TE Connectivity Ltd., Viney Corporation Pvt Ltd, Yazaki Corporation, and Zhejiang Lianhe Electronics Co., Ltd..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Automotive Terminals Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Vehicle
              • Heavy Commercial Vehicle
              • Light Commercial Vehicle
              • Passenger Car
              • Electric Vehicle
                • Battery Electric
                • Hybrid Electric
                • Plug-in Hybrid Electric
                • Application
                  • Battery System
                  • Body Control & Interiors
                  • Cooling, Emission Control, & Engine
                  • Infotainment
                  • Lighting System
                  • Safety & Security System
                  • Distribution
                    • Aftermarket
                    • OEMs
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • California
                          • Florida
                          • Illinois
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom
                              
                              
                              Please Note: PDF & Excel + Online Access - 1 Year