Automotive is the largest market sector for connectors, with 2013 world sales of $10,943 million, or 22.3% of world connector demand.
The following table identifies the size of the automotive market by geographic region and shows sales performance in 2013.
Automotive Connector Market by Region
The world connector market grew just 2.7% in 2013 versus automotive growth of 7.5%. In the past four years, this has been the trend line – automotive growing much faster than the overall industry.
Automotive Sales Performance Versus Other Market Sectors
We believe this trend will continue. The following table provides Bishop & Associates’ five-year forecast for automotive connectors.
Automotive Connector Forecast 2013-2018
Our forecast for world connector demand between 2013 and 2018 calls for connecotor growth of 7.5% versus automotive growth of 9.5%.
Comfort, convenience, and entertainment (CCE) uses the most connectors ($3,423 million in 2013), accounting for 31.2% of automotive connectors.
2013 Automotive Connectors by Sub-Sector
The automotive connector market is very top heavy with three large manufacturers. TE Connectivity, Yazaki, and Delphi account for 71% of world automotive connector sales.
The following table identifies the 10 largest automotive connector manufacturers.
Top 10 Automotive Connector Manufacturers