The global truck connector market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The global truck connector market is growing due to the rise in sales and production of trucks globally. The rising safety awareness to decrease the number of roadway accidents is also driving the growth of the market. The increasing usage of technical sensors in the truck for a comfortable and efficient driving experience is also boosting the demand for the truck connector. The demand for safety features, such as adaptive cruise control, intelligent park assist, electronic stability control, automatic emergency braking, and blind-spot detection which helps in reducing road accidents is also boosting the demand for truck connector devices.
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According to World Health Organization, around 1.25 million people die in road accidents every year. The stringent government safety rules and regulations for vehicles to install safety systems is also boosting the growth of the truck connector market. The rise in technological advancement in trucks with electronic components, such as sensors and smartphones that are supported with wireless communication & cloud systems provides better surrounding information and improves the safety of the consumers and is expected to propel the growth of the global truck connector market.
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The Asia-Pacific region is anticipated to hold the major share in the global truck connector market. The increasing urbanization, as well as high demographic growth in this region, are boosting the market growth. The changing consumer lifestyle in emerging economic countries, such as China and India, is also boosting the growth in this region. The increasing sales and production of vehicles in countries is further boosting the growth of the Asia-Pacific truck connector market in the forecast period.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape –YAZAKI Corp., Aptiv, Amphenol Corp., Koch Industries, Inc., Sumitomo Corp., Japan Aviation Electronics Industry, Ltd., and JST Sales America, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Truck Connector Market Report by Segment
By Type
- Wire to Wire Connector
- Board to Board Connector
- Wire to Board Connector
By Application
- Light Truck
- Heavy Truck
Global Truck Connector Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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