Vietnam Automotive Connectors Market to Grow with a CAGR of 6.9% through 2030
Vietnam's
automotive connectors market is expanding rapidly, driven by vehicle
electrification, ADAS integration, local EV manufacturing, and rising consumer
demand for smart and safe mobility solutions.
According to
TechSci Research report, “Vietnam Automotive Connectors Market
– By Region, Competition, Forecast & Opportunities, 2030F”, Vietnam
Automotive Connectors Market was valued at USD 618.47 Million in 2024
and is expected to reach USD 920.89 Million by 2030 with a CAGR of 6.9% during the forecast period. The Vietnam
automotive connectors market is undergoing a significant transition, driven by
the convergence of government-led EV initiatives, technological transformation
in vehicle electronics, and a booming passenger car market. This ecosystem is
fostering a demand for specialized connectors that cater to advanced safety,
infotainment, and energy management systems.
Key players are increasingly
focusing on local production, joint ventures, and sustainable manufacturing
practices to meet domestic demand and reduce reliance on imports. However,
challenges such as limited R&D infrastructure and inconsistent regulatory
standards present hurdles for local players striving to enter high-value
connector segments. The market is also experiencing a paradigm shift toward
miniaturization and increased use of high-speed data connectors, in line with
the growing adoption of connected vehicles. Connector manufacturers must
navigate the evolving automotive architecture that emphasizes modular,
scalable, and robust designs. As international OEMs expand their footprint in
Vietnam, local connector producers are expected to upgrade their manufacturing
capabilities and quality benchmarks to meet global standards. Over the next
five years, innovation in connector technology, combined with supportive
government policies, will play a critical role in shaping the competitive
landscape of the Vietnamese automotive connectors industry.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on
"Vietnam Automotive Connectors Market.”
Vietnam
automotive connectors market is segmented into vehicle type, application,
connection type and region.
Based on vehicle
type, Commercial Vehicles represent a vital yet smaller segment of the market,
with moderate but consistent demand. Commercial vehicle connectors are
predominantly used in engine control, emission monitoring, fleet tracking
systems, and electric drivetrains, especially in light-duty trucks and buses.
However, as the Vietnamese government continues to push for the electrification
of public transport fleets and introduces emission regulations, commercial
vehicles are expected to show increased adoption of high-durability and environmentally
sealed connectors. While currently not the largest segment, Commercial Vehicles
are projected to be the fastest growing over the forecast period due to rising
logistics demand, increased infrastructure development, and a push for vehicle
electrification in transportation and delivery services.
Based on region,
Southern Vietnam is emerging as the fastest-growing regional market for
automotive connectors during the forecast period. The region is witnessing
increased investments in commercial vehicle assembly and electric vehicle
component manufacturing. Ho Chi Minh City, Binh Duong, and Dong Nai provinces
are becoming automotive innovation and logistics hubs, with many startups and
international players collaborating on mobility solutions. The region's robust
logistics infrastructure, expanding road networks, and strategic position as a
trade gateway have spurred demand for connected and efficient commercial
fleets. As a result, the need for durable and vibration-resistant connectors
used in fleet telematics, engine control, and EV battery systems is surging.
Moreover, the growing population and rapid urbanization in cities like Can Tho
and Vung Tau are driving consumer demand for vehicles with advanced interior
and safety features, directly influencing connector usage in infotainment,
ADAS, and climate control systems.
Major companies
operating in Vietnam Automotive Connectors market are:
- Delphi
Automotive
- Sumitomo
Electric Industries Ltd.
- Molex
Incorporated
- Yazaki
Corporation
- Japan Aviation
Electronics Industry, Ltd.
- JST Mfg. Co.,
Ltd.
- AVX Corporation
- Amphenol
Corporation
- Hirose Electric
Co.,Ltd
- Foxconn
Technology Group
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“In
recent years, the
Vietnamese government’s push for industrial self-reliance is driving connector
manufacturers to localize production and establish eco-friendly manufacturing
practices. Initiatives such as “Make in Vietnam” are encouraging global and
domestic players to reduce import dependence and adopt greener production
methods. For example, Yazaki’s Vietnamese plant has implemented waste recycling
and energy-efficient processes, while VinFast is increasingly sourcing
connectors locally. Sustainability goals are also influencing product
development, with biodegradable and recyclable materials being introduced in
connector designs”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
"Vietnam Automotive
Connectors Market, By Vehicle Type (Passenger Car, Commercial Vehicles), By
Connection Type (Wire to Wire Connection, Board to Board Connection, Wire to
Board Connection), By Application (Body Control & Interiors, Fuel &
Emission Control, Safety & Security System, Engine Control & Cooling
System), By Region, Competition, Forecast & Opportunities, 2020-2030F”,
has evaluated the future growth potential of Vietnam Automotive Connectors market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Vietnam Automotive Connectors market.
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