Automotive Terminal Market

Factors such as advanced vehicle electronic technologies, government mandates regarding active and passive safety of vehicles, and infrastructural development in emerging economies have boosted the automotive terminal market in recent years. The global automotive terminal market is estimated to be USD 12.64 Billion in 2017 and is projected to reach USD 27.14 Billion by 2025, growing at a CAGR of 10.03% during the forecast period. The automotive terminal market is dominated by a few global players. The key players in the automotive terminal market are TE Connectivity (Switzerland), Delphi (UK), Furukawa Electric (Japan), and PKC Group (Finland). New product developments (NPD), expansions, collaborations, and joint ventures are the key strategies adopted by these players to gain traction in the automotive terminal market.

TE Connectivity (Switzerland) is a leading player in the automotive terminal market and held more than 50% of the market share in the last 3 years. TE Connectivity has adopted the strategies of new product development and acquisition to maintain the leading position in the automotive terminal market. The company has launched 4 new products and completed 2 acquisitions in the last 3 years. In August 2017, TE developed a new generation of DiBO type 1 Electric Vehicle (EV) charging cable assemblies. This innovative DiBO plus EV charging cable assemblies are feature-rich and ideally suited for EV charging stations. In October 2016, TE launched a new MATE-AX miniaturized automotive coax connector system for analog signal and digital data transport applications. MATE-AX terminals and connectors are designed for standard automotive-grade coax cables. The product is specified for applications in connected cars. In January 2018, TE announced the acquisition of Switzerland-based ABB’s entrelec terminal block business. The transaction is expected to get completed in mid-2018. With this acquisition, TE would offer a complete system for power, signal, and data connectivity. The acquisition would also help the company to expand its business in France and Poland. In August 2017, TE acquired Germany-based Hirschmann Car Communication (HCC). With this acquisition, TE would offer end-to-end data connectivity solutions for connected and autonomous vehicles, and the company can leverage its global footprint to bring innovative antenna technology.

Furukawa Electric (Japan) adopted the strategy of new product development to strengthen its market position. In the last 3 years, the company successfully introduced 3 new products related to automotive terminals. In March 2017, Furukawa developed heat-resistant, low-insertion force Cu-Sn plating for automotive terminals. The plating offers both heat-resistance and low-insertion force properties by forming an intermetallic compound layer of copper and tin on the surface. In October 2015, Furukawa developed a high-performance copper alloy strip EFTEC-550. The product has superior electrical conductivity and heat resistance and is reliable, optimal material for terminals, connectors, and relay components for use in Electric Vehicles (EVs) and Plug-In Hybrid Vehicles (PHEVs). Moreover, in October 2015, Furukawa invented new anti-corrosion connector terminals for the aluminum wire harness. This is helping automakers to reduce the vehicle weight at a low cost. The product is used in Toyota Land Cruiser 200.

Related Reports:

Automotive Terminal Market by 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

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