fbpx

Global Automotive Junction Box Market (2018-2022): Expected to Grow at a CAGR of ~8% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global
Automotive Junction Box Market 2018-2022”
report has been added
to ResearchAndMarkets.com’s offering.

The global automotive junction box market is expected to grow at a CAGR
of nearly 8% during the forecast period.

One trend in the market is functional integration of junction box.
Junction boxes primarily come of use in enclosing electrical connections
in a vehicle. Relay boxes in vehicles allow low electric currents to
come in close contact and control bigger currents. Fuses protect the
wiring in electrical circuits from short circuits. Integrating passive
junction box features with electronic module functionality provides
various advantages in terms of weight and size reductions.

According to the report, one driver in the market is increasing
electronic applications in vehicles. The global automotive industry is
witnessing the emergence of advanced automotive electronics systems and
related technologies. The increasing electrification of electronics in
the industry is leading to the development of intelligent mobility
solutions and technologies. Automobiles today have enhanced
functionalities and are energy-efficient as they are equipped with
advanced electronics.

Further, the report states that one challenge in the market is shortened
product life cycle of electrical systems challenging the market dynamics
of automotive junction box. Technological innovations and higher
consumer expectations have reduced the average lifecycle of automobiles
in general, and this is pressurizing manufacturers of wiring harnesses
and automotive electronics to cater to the growing needs of OEMs and
Tier-1 suppliers. In the past, the automotive industry experienced a
gradual product lifecycle, with a vehicle’s average shelf life ranging
from eight to 10 years.

Market Trends

  • Functional Integration of Junction Box
  • Light-Weight and Heat Resistant Composites for Electrical Components
    Benefitting Automotive Junction Box Market
  • Increasing Popularity of Autonomous Vehicles

Key Players

  • Continental
  • Fujikura
  • Lear
  • Tata AutoComp Systems
  • TE Connectivity

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Vehicle Type

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/qk3tqt/global_automotive?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Electricity

leverton

Content is the most important part of having quality links to your website. With Area-Info.net, we provide a quality location to share your story and include links to your website to help you grow. If you would like to learn more, visit this page to see how you can use Area-Info.net to rank higher and quicker in search engines. Contact me directly at [email protected] with any questions, or to schedule speaking engagements.