Global Automotive Terminal Market: Key Highlights
Global Automotive Terminal Market: Key Market Dynamics
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Global Automotive Terminal Market: Regional Overview
In the region, China is the world largest market for vehicles industries. According to China Association of Automobile Manufacturers in 2018, there was about 27 Million vehicles has been sold which includes 23.79 million passenger vehicle and 4.38 million of commercial vehicles. According to International Trade Administration, China is projected to sell 3 million of domestic band NEV BY 2025. As per Invest India, the sale of passenger vehicle has grown up by 2.7 percent and two wheelers by 4.86 percent and three wheelers by 10.27% in 2018.
Hence, the automotive terminal market in the Asia-Pacific region is projected to witness high demand due to the high production of vehicle in the region
In the region, UK is a global leader in autonomous, shared and electric product. Whereas European Union is a world leading producer for the motor vehicles sector. The European automotive is accounts for largest foreign investment in research and development. Moreover, Germany is one of the top leader in world automobile producer. Whereas France is also a fifth largest country in the European Union for the production of automobiles.
Global Automotive Terminal Market: Key Players Overview
Lear Corporation is a global automotive technology in leader E-system and seating which help to enables in-vehicle experiences for the consumer all around the world. The company products includes custom and standards terminal with high performance range from signal to high power. In 2017, the company announced acquire EXO Technologies for the development of GPS technology with high performance for connected vehicle application and autonomous.
FURUKAWA ELECTRIC CO., LTD is an electric and electronic company which manufactures wires, cables and metals products. Also, the company helps in providing transmission infrastructure and functional materials to various end-user applications. The company connector category for the automobile sector. In 2017, the company automotive system expand lineup of corrosion-proof terminals for automobile wire harnesses. Also, in 2018 the company has develop Rakuraku Cable and Rakuraku Cable System to enhance the work efficiency.
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