
South & Central America Automotive Board to Board Connector Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 165 | Report Code: BMIRE00031831 | Category: Electronics and Semiconductor
No. of Pages: 165 | Report Code: BMIRE00031831 | Category: Electronics and Semiconductor
The South & Central America automotive board to board connector market size is expected to reach US$ 126.98 million by 2031 from US$ 102.01 million in 2023. The market is estimated to record a CAGR of 2.8% from 2023 to 2031.
South America consists of major economies such as Brazil, Argentina, and Rest of South America. These countries have experienced a rebound in automotive production, with a growing focus on both local manufacturing and imports. As automakers expand operations and localize production to meet rising demand, the need for high-performance automotive components, such as board to board connectors, has surged in the country. These connectors play a critical role in enabling complex electrical systems, supporting a range of systems from powertrain electronics to infotainment systems.
Modern vehicles incorporate a range of advanced technologies such as autonomous driving features, Advanced Driver-Assistance Systems (ADAS), and high-performance infotainment systems. These systems require reliable, space-efficient, and durable connectors to maintain data integrity and performance. Board to Board Connectors, known for their compact design and high-speed data transmission capabilities, are ideal for supporting these sophisticated electronic systems.
South & Central America Automotive Board to Board Connector Market Strategic Insights
South & Central America Automotive Board to Board Connector Market Segmentation Analysis
Key segments that contributed to the derivation of the automotive board to board connector market analysis are type, application, pitch, and number of pin.
Automotive IoT is a critical component of connected automobile technology, allowing cars to communicate with other vehicles, pedestrians, and road infrastructure, among others, resulting in improved road safety and traffic efficiency. This necessitates high-speed data transmission to handle the growing volume of information efficiently. Automotive Board to Board Connectors play a crucial role in facilitating this rapid data flow.
The need for automotive Board to Board Connectors to facilitate interconnection between devices, sensors, and edge computing modules is expected to propel by the growing usage of IoT devices and edge computing solutions. This provides low power consumption and secure connections for IoT and edge computing applications. Automotive board to board connectors allow processing units, actuators, and sensors to be connected, facilitating effective data transfer and decision-making at the network's edge. Thus, the IoT, along with other disruptive technologies, is expected to transform the automotive industry and create lucrative opportunities during the forecast period.
Based on country, the South & Central America automotive board to board connector market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2023.
Brazil is increasingly focusing on electric and hybrid vehicles, owing to government incentives for green technologies and rising consumer interest in environmentally friendly transportation options. The adoption of EVs requires specialized high-power and data transmission connectors for battery management systems (BMS), electric drivetrains, and charging infrastructure. In September 2024, Lecar, an EV manufacturer in Brazil, became the first company to adopt the Extended Range Electric Vehicle (EREV) powertrain supplied by Horse, a joint venture between Geely and Renault. Board to Board Connectors are critical to these applications, thus making them a key growth driver in the emerging EV industry.
South & Central America Automotive Board to Board Connector Market Report Highlights
Report Attribute
Details
Market size in 2023
US$ 102.01 Million
Market Size by 2031
US$ 126.98 Million
Global CAGR (2023 - 2031)
2.8%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Type
By Application
By Pitch
By Number of Pin
Regions and Countries Covered
South and Central America
Market leaders and key company profiles
South & Central America Automotive Board to Board Connector Market 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 South & Central America Automotive Board to Board Connector Market is valued at US$ 102.01 Million in 2023, it is projected to reach US$ 126.98 Million by 2031.
As per our report South & Central America Automotive Board to Board Connector Market, the market size is valued at US$ 102.01 Million in 2023, projecting it to reach US$ 126.98 Million by 2031. This translates to a CAGR of approximately 2.8% during the forecast period.
The South & Central America 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 South & Central America Automotive Board to Board Connector Market report:
The South & Central America 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 South & Central America Automotive Board to Board Connector Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Automotive Board to Board Connector Market value chain can benefit from the information contained in a comprehensive market report.