Automotive Connectors Market Trends

Automotive Connectors Market Trends

Increasing demand for high-speed data connectivity will carve a healthy growth trajectory for the automotive connectors industry. As indicated by findings from a survey conducted by LexisNexis Risk Solutions, approximately 80% of individuals purchasing a car opted for a complimentary trial of the vehicle's connected services when presented by the dealer. Following the conclusion of their free trial, nearly 50% of these buyers transitioned to a paid subscription.
 

Automotive connectors capable of supporting high data transfer rates are becoming essential for applications such as advanced driver-assistance systems (ADAS), in-car infotainment, and vehicle-to-everything (V2X) communication. With the rise of connected and autonomous vehicles, there is a growing demand for high-speed data connectivity within vehicles, which will propel automotive connector sales through 2032.