The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Automotive Terminal Global Market Report 2023, the automotive terminal market is expected to show significant growth in the forecast period.

Key insights from the automotive terminal market forecast include:

1. Market Size

The global automotive terminal market is expected to grow from $15.33 billion in 2022 to $17.32 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The automotive terminal market size is expected to grow to $26.42 billion in 2027 at a CAGR of 11.1%.

2. Major Driver

The growing production of automobiles is likely to drive the expansion of the automotive terminal market.  For example, according to World Motor Vehicle Production, 79.1 million motor cars were produced worldwide in April 2022, a 1.3% increase over 2020. As a result, increased automobile production is likely to raise demand for automotive terminals during the forecast period.

View More On The Automotive Terminal Market Report 2023 – https://www.thebusinessresearchcompany.com/report/automotive-terminal-global-market-report

3. Key Trend

In the automobile terminal industry, technological developments have emerged as a prominent trend that is gaining traction. Companies in the automobile terminal market are focusing on producing improved goods to fulfil industry demands and strengthen their global market position. JAE Electronics, for example, developed the miniatured MX79A series high-speed connections to allow data transmission in March 2022, according to an article by Mouser Electronics, a US-based electronics wholesaler. The MX79A high-speed connectors facilitate communication between in-vehicle information and communication technology (ICT) devices including camera ECUs.

4. Major Players

Major players in the automotive terminal market are Delphi PLC., TE Connectivity Ltd., PKC Group, Furukawa Electric, Alstom, Bharat Heavy Electricals Limited, Bombardier, CRRC, Hitachi Ltd., Siemens, Strukton, TOSHIBA CORPORATION, Wabtec Corporation, Grote Industries, Keats Manufacturing Co., Lear Corporation, and Molex LLC.

5. Top Market Segments

The global automotive terminal market is segmented –

1) By Current Rating: Below 40 Ampere, 41–100 Ampere, Above 100 Ampere

2) By Application: Body Control and Interiors, Safety and Security, Cooling, Engine and Emission Control, Infotainment, Lighting System, Battery System

3) By Vehicle Type: Passenger, Commercial

Request A Sample Of The Global Automotive Terminal Market Report 2023:

https://www.thebusinessresearchcompany.com/sample.aspx?id=7174&type=smp

The Automotive Terminal Global Market Report 2023  provides an in-depth analysis on the automotive terminal market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the automotive terminal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Automotive Repair And Maintenance Global Market Report 2023

Automotive Lighting Global Market Report 2023

Automotive Cables Global Market Report 2023

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