Automotive Ethernet Connector Market worth USD 18,537.43 million by 2033

The Market Statsville Group (MSG) publishes the new report on the "Automotive Ethernet Connector Market By Type (Common Connector, High-Speed Connector), By Application, By Region – Global Share and Forecast to 2033

According to the Market Statsville Group (MSG), the global automotive ethernet connector market size is expected to grow from USD 2,517.90 million in 2022 to USD 18,537.43 million by 2033, at a CAGR of 19.90% from 2023 to 2033.

The automotive ethernet connector market consists of sales of automotive ethernet connector services by entities (organizations, sole traders, and partnerships). Automotive ethernet is a physical network used to connect automotive parts via cabling (wired network). Automotive ethernet provides a variety of critical functions, including Diagnostic Over Internet Protocol (DoIP-based) diagnostics, in-vehicle communication, and connectivity between electric vehicles and charging stations. Furthermore, as compared to traditional wiring harnesses, automotive ethernet dramatically saves vehicle weight and expense. General Motors, Hyundai, and Volkswagen, among others, are adopting ethernet technology across all automotive vehicles, including passenger cars and commercial vehicles.

Global Automotive Ethernet Connector Market Segmentation

The overall automotive ethernet connector market has been segmented into type, application, and region.

• By Type (Common Connector, High-Speed Connector)
• By Application (Passenger Car, Commercial Vehicle)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Passenger Car segment is at the highest CAGR during the forecast period

Passenger Car segment is expected to grow at the highest CAGR during the forthcoming period. The increased manufacturing of passenger automobiles globally has boosted market growth throughout the predicted period. For example, over 56.4 million passenger automobiles were sold globally, an almost 5% increase over the previous year. With little less than 21.5 million units, China had the largest regional automotive market in 2021. One of the primary reasons driving market expansion is a rise in demand for strong security in the automobile industry.

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The Asia Pacific to account for the highest CAGR during the forecast period

Over the forecast period, the Asia Pacific market is expected to grow rapidly. The Asia-Pacific area is home to 60% of the world's population. Many of the countries in the area, particularly China and India, have some of the fastest-growing populations. Many Asia-Pacific countries stand out as formidable rivals in the automobile market. Japan, China, and South Korea all have robust automobile manufacturing businesses. Toyota Motor Corporation of Japan was named the world's second-largest automobile manufacturer by market capitalization, and this expanding market encouraged market growth throughout the predicted period.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the automotive ethernet connector market. It also consists of the profiles of leading companies such as  TE Connectivity, Aptiv, Japan Aviation Electronics Industry, Ltd., Rosenberger High Frequency Technology GmbH & Co. KG, J.S.T. Mfg. Co. Ltd., Sumitomo Electric Industries, Ltd., KYOCERA Corporation, Amphenol Corporation, Molex, LLC, Shenzhen Deren Electronics Co. LTD, LEMO, Microchip Technology Inc., Keysight Technologies  and Bel Fuse Inc. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

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