Irving, Texas (PRWEB) November 09, 2012
The global automotive and transportation connector industry is forecast to reach an estimated $11.7 billion in 2017 with a CAGR of 3.6% over the next five years. Rapid increases in the number of electronic devices and technological developments in automotive and transportation sector, more demand for low emission and hybrid vehicles and rising demand for improved safety systems in motor vehicles is expected to drive the industry over the forecast period. Emerging markets such as Brazil, Russia, India, and China (BRIC) possess higher growth potential due to steady economic growth and huge investments from governments and private sectors.
Lucintel, a leading global management consulting and market research firm, has analyzed the global automotive and transportation connector industry and presents its findings in “Global Automotive and Transportation Connector Industry 2012-2017: Trend, Profit and Forecast Analysis.”
Lucintel’s market research report indicates that increasing demand for advanced automotive features and improved safety systems are fueling the growth of automotive and transportation connector industry. Growing trends in the use of smaller, more compact connectors, along with increased performance, functionality, and ruggedness have propelled the growth of the industry.
Projects such as IntelliDrive in the US or CVIS (Cooperative Vehicle Infrastructure System) in Europe are examples of automotive industry and governmental cooperation that will fuel the growth of automotive and transportation connector industry. Uses of connectors in electric and heavy electric vehicles have become an emerging trend in the connector industry.
Asia Pacific (APAC) is forecast to witness the highest growth of 5.4% CAGR over the next five years. Steady economic growth and expanding middle class population aspiring for a better lifestyle in China and India indicate substantial potential for growth in APAC. Russia is emerging as a large market due to a rising middle class and supportive government policies to increase auto financing.
This report provides an overview of the global automotive and transportation connector industry with five years trend and forecast statistics for next five years (2012-2017) for North America, Europe, APAC, and the Rest of the World (ROW).
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel provides market research reports, strategic growth consulting and due diligence services to clients around the world.