Which company has the highest sales of automotive connectors?

Which company has the highest sales of automotive connectors?

1. TE Connectivity

Sales volume: In 2024, the automotive connector business revenue will reach 6.38 billion US dollars, accounting for 39.1% of the global automotive connector market share, far exceeding other companies.

Technical advantages:

Master the core standard formulation rights such as "FAKRA", and the products cover key areas such as high-voltage connectors and vehicle Ethernet connectors.

Signed a "10-year exclusive agreement" with Mercedes-Benz to supply high-voltage connectors to European car companies, and the orders of European car companies increased by 30% in 2024.

Market position: Long-term ranking first in the global connector industry, automotive customers include Tesla, BMW, Mercedes-Benz and other leading car companies.

2. Yazaki

Sales volume: The automotive connector business accounts for 30% of the global market, with revenue of approximately **5.6 billion US dollars in 2024, second only to TE.

Technical advantages:

- Focus on wiring harnesses and connectors for fuel vehicles and new energy vehicles, and high-voltage connector technology is suitable for Japanese car companies such as Toyota and Honda.

Global layout of "142 branches" and fast supply chain response.

Challenges: The speed of new energy transformation is slow, and China's market share is squeezed by local companies.

3. APTIV

Sales scale: In 2024, the revenue of automotive connectors will be about "US$4.8 billion", and the market share will be about 12%.

Technical advantages:

- After the split of the former Delphi, it focuses on the field of intelligent driving, and its 800V high-voltage connector technology is leading.

- Cooperate with Hyundai and General Motors to develop autonomous driving connector solutions.

Growth point: Orders in the North American electric vehicle market have increased significantly.

4. Luxshare Precision (Luxshare)

Sales scale: In 2024, the revenue of automotive connectors will be "4.8 billion yuan (about US$680 million)", with a growth rate of 87%, and the domestic market share is the first.

Technical advantages:

-Bound to Apple's AI ecosystem, the yield rate of folding screen hinge connectors is 95%.

-Supplying automotive-grade connectors to Tesla, the production capacity has expanded to 50 million pairs/year.

Potential: The explosion of China's new energy vehicle market has driven its sales to rise rapidly.

5. JONHON

Sales volume: In 2024, the revenue of automotive connectors will be about "3.2 billion yuan (about 450 million US dollars)", with the support of military industry background.

Technical advantages:

- The only connector supplier of C919 large aircraft, with a gross profit margin of military products exceeding 45%.

- New energy vehicle connector orders increased by 40%, covering BYD and Weilai.

Positioning: Benchmark for domestic substitution in the high-end market.

Summary of the competitive landscape

Global TOP3: Tyco, Yazaki, and Aptiv together account for "more than 80% of the global automotive connector market", with deep technical barriers and customer resources.

Domestic breakthrough: Chinese companies such as Luxshare Precision, JONHON Optoelectronics, and Record have risen rapidly through the new energy track, but the high-end market is still dominated by foreign capital.

Technical trends: High voltage (800V), liquid cooling, and high-speed Ethernet connectors have become the focus of competition, and Tyco and Molex have launched mass production solutions.