Lucintel's latest market report analyzed that automotive and transportation connector provides attractive opportunities in the comfort, convenience, and entertainment (CCE), powertrain, safety and security, body wiring & power distribution, and navigation & instrumentation applications. The automotive and transportation connector market is expected to reach $20.4 billion by 2028 with a CAGR of 5.6%. In this market, fiber optics is the largest segment by product, whereas safety and security is largest by application.
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Based on product, the automotive and transportation connector market is segmented into printed circuit boards (PCB), integrated circuits, radio frequency, and fiber optics. The fiber optics segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to owing to their high bandwidth. Also, they help in addressing safety issues.
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The Automotive and Transportation Connector Market is marked by the presence of several big and small players. Some of the prominent players offering automotive and transportation connector include TE Connectivity, YAZAKI, Aptiv, Sumitomo Wiring, Molex.
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