Europe Automotive Board to Board Connector Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 185 | Report Code: BMIRE00031828 | Category: Electronics and Semiconductor
No. of Pages: 185 | Report Code: BMIRE00031828 | Category: Electronics and Semiconductor
The Europe automotive board to board connector market size is expected to reach US$ 1,203.72 million by 2031 from US$ 705.78 million in 2023. The market is estimated to record a CAGR of 6.9% from 2023 to 2031.
Automotive Board to Board Connectors market in Europe comprises major economies such as the UK, Germany, France, Italy, Russia, and the Rest of Europe. Europe is one of the largest global producers of EVs and is among the fastest regions to adopt electric mobility. With a strong commitment to achieving zero tailpipe emissions, the European Union (EU) has mandated that by 2035, all new vehicles sold within the EU must be zero-emission. This regulation, set for review in 2026, is part of Europe's broader strategy to combat climate change and transition toward a more sustainable transportation future. Electrification has become a cornerstone of this strategy, with EVs powered by lithium-ion batteries. In October 2024, according to the European Automobile Manufacturers' Association, in 2023, global sales of electric vehicles surged to 14 million units, which includes both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). These vehicles combine a smaller battery with an internal combustion engine (ICE) for extended range. The 2023 figure accounts for 18% of all vehicles sold globally, a significant rise from 14% in 2022 and 2% in 2018, reflecting the growing shift toward electric mobility worldwide. This highlights the need for Board-to-Board Connectors in the automotive industry.
Key segments that contributed to the derivation of the automotive board to board connector market analysis are type, application, pitch, and number of pin.
The increasing presence of electronic and infotainment systems in automobiles is indeed a major driver for the automotive Board to Board Connector market. Modern infotainment systems equipped with features such as high-resolution displays, navigation, internet connectivity, and advanced audio systems require a high data transfer rate to function precisely. Automotive Board to Board Connectors are specifically designed to transmit data at faster speeds, ensuring a seamless user experience and optimal system performance.
The automotive industry is constantly innovating by integrating electronic features in vehicles. These features include advanced driver-assistance systems (ADAS), autonomous driving features, and telematics, which rely on high-speed data communication between various components. Automotive Board to Board Connectors play a crucial role in enabling these features by providing reliable and efficient data transfer between sensors, cameras, control units, and other electronic systems.
Several companies are engaged in investing in new technologies in infotainment systems. For instance, in June 2023, Nvidia Corp and MediaTek Inc announced to team up on technology to power advanced vehicle infotainment systems that are able to stream video or games or use artificial intelligence to interact with drivers. In addition, in January 2023, Garmin announced the plan to demonstrate their latest in-cabin solutions for the automotive original equipment manufacturer (OEM) at CES 2023 with the importance of technologies that unify multiple domains, touchscreens, wireless devices on a single system-on-chip (SoC). Featuring four infotainment touchscreens, an instrument cluster, wireless headphones, a cabin monitoring system, smartphones, wireless gaming controllers, and several entertainment options, powered by a single Garmin multi-domain computing module. Thus, the increasing complexity and data demands of modern automotive electronics and infotainment systems necessitate the use of automotive Board to Board Connectors. These connectors enable faster data transfer, seamless feature integration, and weight reduction, making them a critical component in the evolution of the automotive industry.
Based on country, the Europe automotive board to board connector market comprises Germany, France, Italy, Russia, the UK, and the Rest of Europe. Germany held the largest share in 2023.
Germany, as one of the world's leading automotive manufacturers, plays a pivotal role in driving the global demand for automotive Board to Board Connectors. The country's robust automotive sector is undergoing a significant transformation, with a strong shift toward electric mobility, driven by both government regulations and consumer demand. In addition to the EV revolution, Germany's automotive industry continues to lead in the development and adoption of advanced technologies such as autonomous vehicles, advanced driver assistance systems (ADAS), and connected car technologies. As per the CEIC data, Germany motor vehicles sales recorded 2,963,748 units in 2022 and 3,204,298 units in Dec 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 705.78 Million |
| Market Size by 2031 | US$ 1,203.72 Million |
| Global CAGR (2023 - 2031) | 6.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Some of the key players operating in the market include Amphenol Corp; GREENCONN Co., Ltd; Yamaichi Electronics Co., Ltd; Molex LLC; Japan Aviation Electronics Industry, Ltd; Hirose Electric Co Ltd; Samtec Inc; KYOCERA Corporation; ENNOVI Holdings Pte. Ltd; and CSCONN Corporation, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Business Market Insights’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The Europe Automotive Board to Board Connector Market is valued at US$ 705.78 Million in 2023, it is projected to reach US$ 1,203.72 Million by 2031.
As per our report Europe Automotive Board to Board Connector Market, the market size is valued at US$ 705.78 Million in 2023, projecting it to reach US$ 1,203.72 Million by 2031. This translates to a CAGR of approximately 6.9% during the forecast period.
The Europe Automotive Board to Board Connector Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Automotive Board to Board Connector Market report:
The Europe Automotive Board to Board Connector Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Automotive Board to Board Connector Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Automotive Board to Board Connector Market value chain can benefit from the information contained in a comprehensive market report.
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