Automotive Terminal Market Foresees Big Future Ahead!

The Global Automotive Terminal Market is projected to grow at a CAGR of 10.03% during the forecast period, from USD 12.64 billion in 2017 to USD 27.14 billion by 2025.

The global automotive industry has witnessed a transformation during the last decade with digital communication technologies making rapid inroads in vehicles. Connected, autonomous, and semi-autonomous vehicles are more like a future package of new automotive technology. These breakthrough technologies are transforming the traditional structure of the automotive industry by bringing in a new business model and changing the nature of the automotive industry. As automakers are developing a variety of modern technologies that will make vehicles far more digitally connected than they are now, vehicles in the future will be very different from the ones vehicle drivers are familiar with. Microprocessors, microcontrollers, sensors, communication modules, and battery electronics are digitally connected with each other with the help of hardware and software. These connected and autonomous vehicles require a huge amount of electrical connections and terminations of hardware to battery electronics. These technologically advanced vehicles will have long wiring harness systems and a good amount of harness components like connectors and terminals. With the huge amount of reliability of connected software and hardware inside a vehicle, a continuous supply of power will be needed from the battery packs. Automotive terminals play a vital role in the continuous supply of power for hardware and software inside a vehicle. Advancements in termination technology would create new revenue pockets for automotive terminal manufacturers. This is expected to boost the automotive terminal market in the future.

Major players profiled in the report are:

• TE Connectivity (Switzerland)
• Delphi (UK)
• Furukawa Electric (Japan)
• PKC Group (Finland)
• Sumitomo Electric (Japan)
• Lear Corporation (US)
• Molex (US)
• Grote (US)
• Keats (US)
• Viney Corporation (India)

North America is projected to be the fastest-growing market for the 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.  The Asia Pacific is projected to be the largest market for the 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.

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The increasing number of electronic content in various vehicle applications such as engine management, safety system, body control, infotainment, lighting system and battery system to create tremendous growth opportunities for supply-side players.

Cooling, Engine & Emission Control

The cooling system is basically used to prevent overheating of a vehicle’s engine. Engine control unit serves various functions, which include regulating and maintaining the amount of fuel and air in the fuel injection part. The emission control system limits the discharge of noxious gases from the internal combustion engine and other components. These electronics applications require the maximum number of automotive terminals for their operations compared to other applications.

Safety & Security System

Various advanced technologies such as airbags, anti-lock braking system, steering control systems, and electronic stability control have enhanced the safety and security systems of a vehicle. Governments and transportation authorities of various developed and developing countries have mandated the installation of active and passive safety technologies in vehicles. The trend is expected to continue in the future. Thus, the use of factory-fitted electronic components has increased over the years, which, in turn, requires several connection systems comprising various terminals.

Body Control & Interiors

The body controls are the electronic control units that monitor and control all the systems of the vehicle body. Terminals play a key role in body control and interiors. The body control and interiors consist of the wiper motor, switches, doors, mirrors, power windows, cluster, electric seats, active suspensions, and HVAC system, among others.

Infotainment

The infotainment system, also known as in-vehicle infotainment, consists of audio and video entertainment, navigation systems, Bluetooth connectivity, and Wi-Fi. It is used for enhancing driver and passenger experience. The infotainment systems consist of several electronic devices, which require various automotive terminals. The in-vehicle infotainment market is driven by the high installation rate of the infotainment system in mid and premium segment cars. Additionally, the increasing application in entry-level vehicles will drive the market in developing countries.

Lighting System

The lighting system of an automobile comprises various lighting and signaling devices or components fixed to the front, sides, and rear of the vehicle. The lighting system of vehicles consists of the headlamp, tail lamp, fog lamp, and daytime running lamp. The lighting market for automotive is mainly driven by increasing vehicle production and increasing lighting applications, especially in passenger cars. Additionally, factors such as passenger and pedestrian safety regulations and increased demand for luxury, comfort, and ambiance are driving technological advancements in the automotive lighting industry.

Battery System

The main purpose of the battery pack in a vehicle is to supply the necessary power to the starter motor and ignition system while cranking to start the engine. It also supplies additional power when the demand is higher than the alternator’s capacity and acts as an electrical reservoir. The battery system in a vehicle includes the battery, battery cable, voltage regulator, battery terminals, main fuse block, starter motor, alternator, charging system wiring harness, and accessory fuse block. In this section, only the battery terminals that are attached to the battery are considered.

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As electric content in cars has increased steadily in the last two decades, vehicle electronics have become a key product differentiator for automakers in recent years. In developing countries, the adoption of advanced safety features in vehicles is fueled largely by the regulatory bodies and consumer interest. Increasing the adoption of advanced safety features, in turn, increases the number of electronic devices in the vehicle. Hence, the number of wiring harnesses that connect electrical devices has been increasing year-on-year. The addition of cameras and other safety-related sensors, along with multiple terminals needed for battery packs used in electrified powertrains, is driving the growth of the terminal market.