According to a new market report published by Lucintel, the future of the global automotive terminal market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle segments. The global automotive terminal market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow at a CAGR of 11% from 2021 to 2026. The major drivers for this market are increasing safety system and increasing electrification in vehicles.
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In this market, below 40 ampere, 41–100 ampere, and above 100 ampere are the major current ratings used to manufacture automotive terminal. On the basis of comprehensive research, Lucintel forecasts that below 40 ampere will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because of wide applications in vehicle electronics.
Within the global automotive terminal market, the battery system segment is expected to witness the highest growth over the forecast period due to the increasing number of battery packs.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to increase in vehicle production, government regulations for safety, increasing investment in infrastructure, construction activities, and increasing vehicle sales.
TE Connectivity, Delphi, Furukawa Electric, and PKC Group are among the major suppliers of the automotive terminal market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive terminal market by application, current rating, vehicle, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Terminal Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive terminal market by application, current rating, vehicle, and region, as follows:
By Application [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
Body Control & Interiors
Safety & Security
Cooling, Engine & Emission Control
Infotainment
Lighting System
Battery System
By Current Rating [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
Below 40 Ampere
41–100 Ampere
Above 100 Ampere
By Vehicle [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
Passenger Cars (PC)
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.