According to a new market research report "Automotive Terminal Marketby Application (Body Control & Interiors, Safety & Security, Cooling, Engine & Emission Control, Infotainment, Lighting System, and Battery System), Current Rating, Vehicle Type, EV Type, and Region - Global Forecast to 2025", published MarketsandMarkets™, the market is projected to grow at a CAGR of 10.03% during the forecast period, to reach USD 27.14 Billion by 2025 from an estimated USD 12.64 Billion in 2017.
Early buyers will receive 10% customization on this report
The combination of higher disposable income and increasing awareness of active as well as passive safety of a vehicle among vehicle occupants, increasing amount of vehicle electronics, and the adoption of advanced vehicle technologies such as connected vehicles and self-driving vehicles are expected to drive the Automotive Terminal Market. The increase in vehicle sales in recent years is driven by the changing preferences of vehicle types and lifestyle of young population. Infrastructural development in developing economies is forcing construction companies to use construction vehicles that are equipped with advanced electronically operated prime mover technologies. Modern agricultural vehicles are used extensively in countries like China, India, Japan, and South Africa. All these factors are driving the market for Automotive Terminal Market.
North America to be the fastest growing market and Asia Pacific to hold the largest market for automotive terminal in 2025
North America is projected to be the fastest growing market for automotive terminal from 2017 to 2025. The market growth in this region can be attributed to the increasing awareness regarding advanced vehicle electronics and convenience inside a vehicle. Asia Pacific is projected to be the largest market for automotive terminal from 2017 to 2025. The market growth in the region can be attributed to factors such as factory fitted advanced electronics and government initiatives regarding the use of environment-friendly electric vehicles.
Cooling, engine & emission control is estimated to hold the largest market share during the forecast period
The Automotive Terminal Market for cooling, engine & emission control segment is estimated to be the largest during the forecast period. It is followed by the safety & security system, body control & interiors, infotainment, lighting system, and battery system. Government norms regarding vehicle emission are increasing the demand for cooling, engine & emission control in the global Automotive Terminal Market. Another factor that is driving the market for cooling, engine & emission control is the significant rise in the sales of modern vehicles in developing countries like China and India.
Below 40 Ampere segments for automotive terminal is estimated to be the largest segment by current rating from 2017 to 2025
The Automotive Terminal Market for below 40 Ampere is estimated to be the largest since it is used in most of the vehicle electronics. Increasing installation of electronic applications that operate in the range of below 40 Ampere such as wiper motor, mirrors, and electronic fuel injection is likely to drive the growth of this segment.
The Automotive Terminal Market is dominated by a few globally established players such as TE Connectivity (Switzerland), Delphi (UK), Furukawa Electric (Japan), and PKC Group (Finland).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Salgarkar MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: [email protected]