This research study involved the extensive use of secondary sources, such as company annual reports/presentations, industry association publications, automotive magazine articles, directories, technical handbooks, the World Economic Outlook, trade websites, technical articles, and databases, to identify and collect information on the EV connector market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players (EV connector and EV connector component manufacturers), and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess market prospects.
Secondary Research
In the secondary research process, various secondary sources were used to identify and collect information on the EV connector market for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles from recognized authors; directories; databases; and articles from recognized associations and government publishing sources.
Primary Research
Extensive primary research was conducted after understanding the EV connector market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand (OEMs) and supply (connector providers, wire harness providers, and component manufacturers) sides across major regions, namely, North America, Europe, and Asia Pacific. Approximately 40% and 60% of primary interviews were conducted from the demand and supply sides, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews.
In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, were covered to provide a holistic viewpoint in the report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from primaries. This, along with the opinions of in-house subject matter experts, led to the findings, as described in the remainder of this report.
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Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the value and volume of the EV connector and other dependent submarkets, as mentioned below:
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The market size was derived using parameters such as sales of electric vehicles (BEVs, FCEVs, PHEVs) and corresponding penetration of the applications considered under the scope.
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Key players in the EV connector market were identified through secondary research, and their global market rankings were determined through primary and secondary research.
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The research methodology included the study of annual and quarterly financial reports, regulatory filings of major market players, and interviews with industry experts to gain detailed market insights.
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All major penetration rates, percentage shares, splits, and breakdowns for the EV connector market were determined through secondary sources and verified through primary sources.
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All key macro indicators affecting the revenue growth of the market segments and subsegments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data.
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The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
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Data Triangulation
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.
Market Definition
An EV connector is an electrical connector designed for use in vehicles. They are essential components that transmit power, data, and signals between various electrical applications such as ADAS and safety systems, body control and interior, infotainment systems, engine management and powertrain, battery management systems, and vehicle lighting in any vehicle.
List of Key Stakeholders
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ADAS Manufacturers
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Authorized and Independent Automobile Service Centers
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Automotive Component Manufacturers
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Automotive Dealers and Distributors
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Automotive Electronic Control Unit Manufacturers
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Automotive OEMs
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Automotive Component Manufacturers
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Autonomous Vehicle Manufacturers
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Autonomous Vehicle System Suppliers
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ECU Manufacturers
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Electrical and Electronic Component Suppliers
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EV Charging Manufacturers and Service Providers
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EV Component Manufacturers
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EV Manufacturers
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EV Connector Manufacturers
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Legal and Regulatory Authorities
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Raw Material Suppliers for Automotive OEMs
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Raw Material Suppliers for EV Connectors or Components
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Vehicle Safety Regulatory Bodies
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Wire Harness Manufacturers
Report Objectives
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To segment and forecast the size of the EV connector market in terms of volume (million units) and value (USD million) from 2019 to 2030
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To define, describe, and forecast the EV connector market in terms of volume (million units) and value (USD million)
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To define, describe, and forecast the global EV connector market based on application, connection type, propulsion, system type, voltage, component, and region
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To segment and forecast the market size by application [ADAS and safety system, body control and interior, infotainment system, engine management and powertrain, battery management system, and vehicle lighting (interior and exterior), other applications]
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To segment and forecast the market size by connection type (wire-to-wire connection, wire-to-board connection, board-to-board connection, other connection types)
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To segment and forecast the market size by propulsion (BEV, PHEV, FCEV, HEV) (HEV is covered qualitatively)
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To segment and forecast the market size by system type (sealed connector system, unsealed connector system)
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To segment and forecast the market size by voltage (low voltage, medium voltage, high voltage )
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To segment by component (terminal, housing, lock, other components)
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To forecast the market size with respect to key regions, namely Asia Pacific, Europe, and North America
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To provide detailed information regarding the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
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To strategically analyze markets with respect to individual growth trends, prospects, and contributions to the total market
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To strategically profile key players and comprehensively analyze their market ranking and core competencies
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To study the following with respect to the market:
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Supply Chain Analysis
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Ecosystem Analysis
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Technology Analysis
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Trade Analysis
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Case Study Analysis
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Patent Analysis
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Regulatory Landscape
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Conferences and Events
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Average Selling Price Analysis
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Buying Criteria
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To analyze opportunities for stakeholders and the competitive landscape for market leaders
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To track and analyze competitive developments such as product developments, deals, and others undertaken by the key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
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EV connector market, by component at regional level (for regions covered in the scope of the report)
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EV connector market, by propulsion at country level (for countries covered in the scope of the report)
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Profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in EV Connector Market