- Rising use of electrical components and systems in vehicles, attributed to increasing demand for comfort and luxury, enhanced vehicle performance, and utility features, is a key driver of the automotive plugs market
- Automotive plug, or male pin connector, is part of an automotive connector that engages with a socket or female connector. It is utilized in the vehicle to connect electrical terminals of several electrical systems by engaging with the socket of another electrical terminal/ system.
Key drivers of global automotive plugs market
- Rising concern for occupant safety in a vehicle in conjunction with safety-oriented government initiatives is driving the demand for a reliable automotive plug to connect various vehicle systems. For instance, government regulations compel automakers to incorporate seat belts and airbags in a vehicle. These safety systems require a connection system consisting of a retainer and safety restraint system connector, which is achieved through automotive plugs. Therefore, increasing demand for automotive plugs is directly influenced by increasing adoption of automotive safety systems, which in turn is driving the global automotive plugs market.
- Increasing demand for vehicle comfort and utility systems is anticipated to increase the adoption of power windows, power mirrors, HVAC, and comfort actuators. These systems are connected to ECUs, MCUs and various ICs through vehicle body electronics by using automotive plugs. Thus, increase in demand for vehicle comfort and utility fuels the demand for automotive plugs, which in turn, propels the global automotive plugs market.
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Concerns for functional reliability and durability of automotive plugs to hinder global automotive plugs market
- Sealed automotive plugs are placed under the hood of automobiles, while unsealed automotive plugs are placed in the vehicle cabin. Sealed plugs must have the capacity to withstand engine shocks as well as high and very low temperatures. Therefore, the global automotive plugs market is anticipated to be hindered by functional reliability and durability concerns of automotive plugs.
Asia Pacific to dominate global automotive plugs market
- Major vehicle manufacturers including Tata Motors, Dongfeng Motors, Nissan Motors. KIA Motors, Suzuki Motors, Subaru Corporation, and Mahinda and Mahindra Motors are based in Asia Pacific. These automakers are consistently focusing on improvement in vehicle technologies and investment in research and development activities that are aimed at enhancing vehicle economy and vehicle performance.
- Furthermore, Japan, China, South Korea, and India are among the top consumers of two-wheeler and three-wheeler vehicles globally. Moreover, these countries have well-established supply chain and presence of aftermarket players in the automotive industry. Therefore, the region witnesses an intense competition among automakers and aftermarket players, which in driving the automotive plugs market. All the factors mentioned above are propelling the automotive plugs market in Asia Pacific.
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Key players operating in global automotive plugs market:
The global automotive plugs market is highly concentrated owing to the presence of top manufacturers. A few key players operating in the global automotive plugs market are:
- TE Connectivity
- Mouser Electronics, Inc.
- Waytek, Inc.
- RS Components Ltd.
- Japan Aviation Electronics Industry, Ltd.
- Speed Technology Pty Ltd
- Autosparks
- Delphi Automotive
- Yazaki Corporation
- Sumitomo Electric Industries Ltd.
- Japan Aviation Electronics Industry, Ltd.
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